Strategic Leadership entails - correct answer the ability to anticipate, envision, maintain
flexibility, and empower others to create strategic change as necessary
Strategic Leadership is - correct answer multi-functional work involving working through others,
consideration of the entire enterprise rather than just a sub-unit, a managerial frame of
reference
Effective Strategic Leadership shapes the formation of - correct answer vision and mission
Vision and Mission influence - correct answer successful strategic actions
Successful Strategic Actions - correct answer formulation of strategies and implementation of
strategies
Formulation of Strategies and Implementation of Strategies yields - correct answer strategic
competitiveness above-average returns
Top-Level Managers - correct answer represent an important resource for organizations as they
attempt to formulate and implement strategies effectively because of roles in designing the
organization and the performance outcomes that result from using that design
Factors Affecting the Amount of Decision-Making Discretion Include - correct answer -external
environmental sources
-characteristics of the organization
-characteristics of the manager
External Environment - correct answer -industry structure
-rate of market growth
, Strategic Leadership
-number and type of competitors
-nature and degree of political/legal constraints
-degree to which products can be differentiated
Characteristics of the Organization - correct answer -size
-age
-culture
-availability of resources
-patterns of interaction among employees
Characteristics of the Manager - correct answer -tolerance for ambiguity
-commitment to the firm and its desired strategic outcomes
-interpersonal skills
-aspiration level
-degree of self-confidence
Top Management Teams - correct answer composed of the key managers who are responsible
for selecting and implementing the firm's strategies
Heterogeneous Top Management Team is - correct answer composed of individuals with
different functional backgrounds, experiences, and education
Heterogeneous Top Management Team: - correct answer -has varied expertise and knowledge
-can draw on multiple perspectives
-will evaluate alternative strategies
-builds consensus