Ch12MBA - Chapter 12: Strategic Leadership (SL) Overview:...

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1 Chapter 12: Strategic Leadership (SL) Overview: Top management teams and effects on firm performance Managerial succession process Value of strategic leadership in determining firm’s strategic direction Importance of strategic leaders in managing firm’s resources Organizational culture and actions to sustain it Ethical practices: establishment and emphasis Importance and use of organizational controls
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2 Strategic Leadership and the Strategic Management Process Leaders make a major difference in how well a firm performs Effective strategic leadership is the foundation for successfully using the strategic management process Strategic leaders facilitate the development of appropriate strategic actions and determine how to implement them These actions are the path to strategic competitiveness and above-average returns
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3 Strategic Leadership and Style Strategic leadership : the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary Multifunctional task that involves Managing through others Managing an entire enterprise rather than a functional subunit Coping with change Attracting and managing human (includes intellectual) capital Being able to meaningfully influence others Who are strategic leaders? Any individual who is responsible for the performance of human capital and/or a part of the firm
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4 The Role of Top-Level Managers Top level managers play a critical role in strategy formulation and implementation Their strategic decisions influence how an organization is designed and how goals are achieved Having a top management team with superior managerial skills is critical (and can be a source of CA and AAR) Managers use their discretion when making strategic decisions and this discretion influences firm performance Top managers also develop structure, culture, reward systems, and policies/SOPs Primary factors that determine amount of manager’s decision-making discretion External environmental sources Organization’s characteristics Manager’s characteristics
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5 Factors Affecting Managerial Discretion
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This note was uploaded on 07/31/2011 for the course MAN 6782 taught by Professor Marlin during the Spring '11 term at University of South Florida - Tampa.

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Ch12MBA - Chapter 12: Strategic Leadership (SL) Overview:...

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