MNG3702 TOPIC 2 Exam Questions with 100% Correct Answers

Discuss the reasons why leadership is an important driver of strategy implementation. (5) Correct Answer The role of leadership in strategy implementation. 1. Leadership drives strategic change. 2. Strategies cannot be implemented in isolation. Someone needs to lead and coordinate this process. Leadership is about influencing people so that they perform required tasks and activities. Effective leaders typically have high levels of emotional intelligence (trait theory/ term social intelligence is also used) Leadership is very important for successful implementation. Strategic leadership is the ability to anticipate, envision, maintain flexibility, and to empower others to create strategic change necessary. Leadership is necessary to ensure commitment among internal and external stakeholders to implement strategies. 2 Discuss the attributes of emotional intelligence. (10) Correct Answer 1. Self Awareness. The leader is aware of his/her strengths and weaknesses. They are realistic about their strengths and not over critical about their weaknesses. 2. Self Regulation. This attribute refers to the extent to which a leader controls their emotions and not allowing their emotions to control their decisions and actions. 3. Motivation. The drive that a leader has to achieve their predetermined goals. They enjoy learning and will work hard to overcome challenges that would block the achievement of their goals. 4. Empathy. The extent to which a leader is considerate of the employee's feelings when making decisions. The leader also takes into account social and cultural differences of the employees. 5. Social skills. Is about being able to communicate and work with individuals from different walks of life and being able to motivate them to work towards achieving the predetermined goals. 3 Discuss the responsibilities of a strategic leader. (6) Correct Answer Leaders are not only a driving force behind the strategy implementation initiative but they also need to perform certain tasks and take responsibility for the performance of activities such as: 1. Communicating the vision and strategic direction to all the employees and other stakeholders of the organisation. 2. Developing an appropriate vision or strategic direction for the organisation in which as many stakeholders as possible have participated. 3. Designing appropriate reward systems and organisational structures together with top management. 4. Developing and maintaining an effective organisational culture.