MGSC01H3 Chapter 2: Chapter 2 Notes

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lavenderdonkey6

30 Dec 2011

School

UTSC

Department

Management (MGS)

Course

MGSC01H3

Professor

Professor Constantinou

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Document Summary

The skill set of the effective strategic leader: the level 5 hierarchy. The imprint of strategic leadership: vision and mission. Stakeholders, stakeholder analysis, and stakeholder planning stakeholders are individuals or groups who have an interest in an organization"s ability to deliver intended results and maintain the viability of its products and services. 3) determining influence on strategy formulation determining the effects of strategic decisions on the stakeholder determining shareholders" power and influence over decisions. 5) fill in names of key stakeholders plan the approach to stakeholder management evaluate what the company wants from each stakeholder identify the messages that need to be conveyed identify actions and communications. Summary of challenges: explain how strategic leadership is essential to strategy formulation and implementation. Strategic leadership is concerned with the management of an overall enterprise and the ways in which top executives influence key organizational outcomes, such as performance, competitive superiority, innovation, strategic change, and survival.

Related Questions

Which of the following is not true about strategy and/or strategic management?

a. The strategic leader's perspective ought to be the holistic consideration of the business and its environment.

b. Strategic management encompasses all the functional areas of business.

c. In business, the strategy requires a big-picture perspective.

d. Strategies sometimes emerge from bottom-up processes.

e. A good leader can afford to devise a strategy in isolation from the lower-level leaders who are responsible for executing it

emeraldmammoth893

Which of the following statements about effective leadership is the most accurate?

A) Effective leaders have the same personality traits.
B) The most effective leadership style depends on who is being led and in what situation.
C) The democratic style of leadership will almost always improve the effectiveness of the organization.
D) One trait of effective managers is that they consistently maintain the same style of leadership.