Chapter 12 - STRATEGY
Strategic leadership = the ability to anticipate, envision, maintain flexibility and
empower others to create strategic change as necessary
– Involves managing through others, managing an entire enterprise
rather than a functional subunit and coping with change that continues
to increase in the global economy
Strategic leaders = CEO + top management team
Role:
+ effectively manage the firm’s resources (human, financial, social capital)
+ sustain an effective organisational culture
+ adopt ethical practices
+ establish organisational control (financial controls eg short term goals,
strategic controls)
Strategic change = change resulting from selecting and implementing a firm’s
strategies
, Top-level managers play a critical role.
– They are charged to make sure their firm can effectively formulate and
implement strategies
– Organisational success -> top management team with superior
managerial skills
THE ROLE OF TOP-LEVEL MANAGERS
Make many decisions e.g. strategic actions and responses associated with the
firm’s competitive rivalries
(Made using their discretion)
Factors determining the amount of decision-making discretion held by a
Strategic leadership = the ability to anticipate, envision, maintain flexibility and
empower others to create strategic change as necessary
– Involves managing through others, managing an entire enterprise
rather than a functional subunit and coping with change that continues
to increase in the global economy
Strategic leaders = CEO + top management team
Role:
+ effectively manage the firm’s resources (human, financial, social capital)
+ sustain an effective organisational culture
+ adopt ethical practices
+ establish organisational control (financial controls eg short term goals,
strategic controls)
Strategic change = change resulting from selecting and implementing a firm’s
strategies
, Top-level managers play a critical role.
– They are charged to make sure their firm can effectively formulate and
implement strategies
– Organisational success -> top management team with superior
managerial skills
THE ROLE OF TOP-LEVEL MANAGERS
Make many decisions e.g. strategic actions and responses associated with the
firm’s competitive rivalries
(Made using their discretion)
Factors determining the amount of decision-making discretion held by a
