CH 12 LN - Chapter 12 Strategic Leadership Chapter 12 Strategic Leadership KNOWLEDGE OBJECTIVES 1 2 3 4 5 6 7 8 Define strategic leadership and describe

CH 12 LN - Chapter 12 Strategic Leadership Chapter 12...

This preview shows page 1 - 3 out of 8 pages.

Chapter 12: Strategic Leadership 12-1 Chapter 12 - Strategic Leadership KNOWLEDGE OBJECTIVES 1. Define strategic leadership and describe top-level managers ’ importance . 2. Explain what top management teams are and how they affect firm performance. 3. Describe the managerial succession process using internal and external managerial labor markets. 4. Discuss the value of strategic leadership in determining the firm’s strategic direction. 5. Describe the importance of strategic leaders in managing the firm’s resources . 6. Define organizational culture and explain what must be done to sustain an effective culture. 7. Explain what strategic leaders can do to establish and emphasize ethical practices. 8. Discuss the importance and use of organizational controls. FIGURE 12.1 - Strategic Leadership and the Strategic Management Process As illustrated in Figure 12.1 , effective strategic leadership shapes the formation of the firm’s vision and mission which influences the development of successful strategic actions formulation of strategies implementation of strategies which lead to strategic competitiveness above-average returns STRATEGIC LEADERSHIP AND STYLE Strategic leadership entails the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary. In other words, strategic leadership represents a complex form of leadership in organizations. A manager with strategic leadership skills exhibits the ability to guide the firm through the competitive landscape by managing an entire enterprise influencing the behavior, thoughts, and feelings of co-workers managing through others successfully processing or making sense of complex, ambiguous information by successfully dealing with change and uncertainty The strategic leader has several responsibilities, including the following: establishing a context for efficiency managing human capital (perhaps the most critical of the strategic leader’s skills) effectively managing the firm’s operations sustaining high performance over time being willing to make candid, courageous, yet pragmatic, decisions soliciting feedback from peers, superiors, and employees about their difficult decisions and vision developing strong partners internally and externally to facilitate execution of their vision Strategic leaders are those at the top of the organization (in particular, the CEO), but other commonly recognized strategic leaders include members of the board of directors, the top management team, and division general managers. 1 Define strategic leadership and describe top-level managers ’ importance . BUSINESS POLICY° LEARNING NOTES
Image of page 1
Chapter 12: Strategic Leadership 12-2 The style used to provide leadership often affects the productivity of those being led. The most effective leadership style used by strategic leaders is a transformational leadership style, which encourages followers to exceed expectations, and place the organization above self interests. The strategic leadership skills of an organization’s managers represent resources that can affect the firm’s performance.
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 8 pages?

  • Summer '12
  • JeanetteRamos-Alexander
  • Business, Management, Strategic Leadership, management team

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes