MGT 3659 Chapter Notes - Chapter 2: Scenario Planning
Document Summary
This chapter examined the role strategic leaders play, delineated different processes to create strategy, and explained how to conduct a stakeholder impact analysis. We summarize the discussion in the following learning objectives and related take-away concepts. 2-1 / explain the role of strategic leaders and what they do. Executives whose vision and decisions enable their organizations to achieve competitive advantage demonstrate strategic leadership. Strategic leaders use formal and informal power to influence the behavior of other organizational members to do things, including things they would not do otherwise. Strategic leaders can have a strong (positive or negative) performance impact on the organizations they lead. 2-2 / outline how you can become a strategic leader. To become an effective strategic leader, you need to develop skills to move sequentially through five different leadership levels; highly capable individual, contributing team member, competent manager, effective leader, and executive. The level-5 strategic leadership pyramid applies to both distinct corporate positions and personal growth.
