Globus Exam 1 with 100% correct answers

What are the Five different leadership levels? 1. Highly Capable Individual 2. Contributing Team member 3. Competent Manager 4. Effective Leader 5. Executive Role of a Corporate Executive must provide answers to the question of where to compete, whether in industries, markets, or geographies. and how to create synergies among different business units Role of General Manager must answer the strategic question of how to compete in order to achieve superior performance. They must manage and align the firms different functional areas for competitive advantage Role of functional managers are responsible for implementation business strategy within single functional area Define Stakeholders An individual or group inside or outside of the company, that has a stake in and can influence an organization's performance Define Internal stakeholder stockholders, employees (for instance executives managers and workers Define External stakeholder include customers, suppliers, alliance partners, creditors, unions, communities, governments at various levels, media Define Strategic Leadership execs use of power and influence to direct the activities of others when pursuing an organizations goal Define Strategy formulation the part of the strategic management process that concerns the choice of strategy in terms of where and how to compete Define Strategy Implementation that part of the strategic management process that concerns the organization, coordination and integration of how work gets done or strategy execution Define Strategic Business Units Standalone divisions of a larger conglomerate, each with their own profit and loss responsibility Define Black Swan events Incidents that describe highly improbable bit high impact event What three attributes do managers pay attention to during a stakeholder impact analysis power, legitimacy, urgency