ECON 1 Lecture Notes - Lecture 35: Strategic Planning, Serendipity, Corporate Social Responsibility
Document Summary
Chapter 2: strategic leadership: managing the strategy process. = executives use of power and influence to direct the activities of others when pursuing an organizations goal. Power is the leader"s ability to influence the behaviour of other organizational members. The effect of strategic leaders matters to the firm performance. Many strategic leaders have shaped and revitalized existing businesses. What strategic leaders do: 67% face-to-face-meetings, 13% work alone, 7% e-mail, 6% calls, 5% How do you become a strategic leader: upper-echelons theory = organizational outcomes including strategic choices and performance levels reflect the values of the top management team. Effective leadership is the result of both innate abilities and learning. Level 1: highly capable individual makes productive contributions. Level 3: competent manager effective manager who can organize resources. Level 4: effective leader knows what actions the right ones are. Level 5: executive strategic leader builds enduring greatness by combining willpower and humility.
