STRATEGY Exam 1: Strategic Leadership
Strategic Leadership definitions: - correct answer BOOK:
use of power and influence to direct the activities of others when pursing and organization's
goals.
ARTICLE:
leadership style, not only making rational economic decisions. Reconciles hard and soft aspects
of the strategy execution in a single, holistic process.
Hard vs. Soft aspects: - correct answer Hard - rational, logical
Soft - interpersonal
SL and managers: - correct answer - Managers works at an unrelenting pace
- Managers prefer verbal media over documents
- Manager's program remains locked in their brains
FACE-TO-FACE MEETINGS!
Strategy Formulation - correct answer where and how?
Strategy Implementation - correct answer organization, coordination, and integration of how
the work gets done
3 distinct areas of strategic leadership: - correct answer 1. Corporate
2. Business
3. Functional
, STRATEGY Exam 1: Strategic Leadership
Corporate strategy: - correct answer where to compete (industry, markets, geography)
Business strategy: - correct answer how to compete (cost leadership/differentiation/value
innovation)
Functional strategy: - correct answer how to implement chosen strategy (activities selected and
coordinated across functions)
3 ways to communicate a firm's aspiration: - correct answer Mission
Vision
Value
T/F: Make sure all employees share the same aspiration - correct answer True
Objective
Scope
Advantage - correct answer Ends
Domain
Means
3 processes of strategic leadership: - correct answer 1. strategic planning
2. scenario planning
**3. strategy as planned emergence
(1) Strategic Planning: - correct answer Formal, top-down
(2) Scenario Planning: - correct answer Formal, top-down
Strategic Leadership definitions: - correct answer BOOK:
use of power and influence to direct the activities of others when pursing and organization's
goals.
ARTICLE:
leadership style, not only making rational economic decisions. Reconciles hard and soft aspects
of the strategy execution in a single, holistic process.
Hard vs. Soft aspects: - correct answer Hard - rational, logical
Soft - interpersonal
SL and managers: - correct answer - Managers works at an unrelenting pace
- Managers prefer verbal media over documents
- Manager's program remains locked in their brains
FACE-TO-FACE MEETINGS!
Strategy Formulation - correct answer where and how?
Strategy Implementation - correct answer organization, coordination, and integration of how
the work gets done
3 distinct areas of strategic leadership: - correct answer 1. Corporate
2. Business
3. Functional
, STRATEGY Exam 1: Strategic Leadership
Corporate strategy: - correct answer where to compete (industry, markets, geography)
Business strategy: - correct answer how to compete (cost leadership/differentiation/value
innovation)
Functional strategy: - correct answer how to implement chosen strategy (activities selected and
coordinated across functions)
3 ways to communicate a firm's aspiration: - correct answer Mission
Vision
Value
T/F: Make sure all employees share the same aspiration - correct answer True
Objective
Scope
Advantage - correct answer Ends
Domain
Means
3 processes of strategic leadership: - correct answer 1. strategic planning
2. scenario planning
**3. strategy as planned emergence
(1) Strategic Planning: - correct answer Formal, top-down
(2) Scenario Planning: - correct answer Formal, top-down
