Chapter 12

Chapter 12 - Advantages of internal candidate: Experience...

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12–1 Strategic Leadership    and  the Strategic Management  Process Adapted from Adapted from Figure 12.1 Figure 12.1 Effective Strategic Leadership Strategic Intent Strategic Mission Successful Strategic Actions Formulation of Strategies Implementation of Strategies Strategic Competitiveness Above-average Returns Shapes the Formulation of and Influence Yields Yields
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12–2 Top Management Teams Key managers responsible for formulation and implementation of strategy A heterogeneous TMT: Has varied expertise and knowledge Can draw on multiple perspectives Will evaluate alternative strategies Builds consensus
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12–3 Managerial Labor Market
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Unformatted text preview: Advantages of internal candidate: Experience with industry environment Familiarity with company products, markets, technologies, and operating procedures Produces lower turnover Advantages of external candidate: Long tenured insiders may be stale Outsiders may bring fresh perspectives 124 Effects of CEO Succession and Top Management Team Composition on Strategy Figure 12.3 Figure 12.3 Strategic Change at Chrysler This not this 125 126 Exercise of Effective Strategic Leadership Figure 12.4 Figure 12.4...
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Chapter 12 - Advantages of internal candidate: Experience...

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