Textbook Notes (227,677)
US (70,428)
Syracuse (552)
MGT (5)
MGT 247 (5)
Reed (4)
Chapter 2

CHAPTER 2.docx

1 Page
102 Views
Fall 2013

Department
Management
Course Code
MGT 247
Professor
Reed
Chapter
2

This preview shows half of the first page. Sign up to view the full page of the document.
CHAPTER 2: Leading Strategically
Strategic leadership
oEstablishing vision and mission
oDeveloping the management team and succession
Top management team=group of managers charged with the
responsibility of developing and implementing the firms strategies
Develop people who can succeed them
oManaging the resource portfolio
Human capitol= knowledge and skills of those working in the firm
Social capitol= all internal and external relationships that help the
firm provide value to customers and ultimately to its other
stakeholders
oBuilding entrepreneurial culture
Encourages employees to identify and exploit new opportunities
oPromoting integrity and ethical behavior
Related-party transactions= paying a person who has a relations
with the firm, extra money for reasons other than their normal
activities on the firms behalf
oUsing effective controls
Financial controls= focus on shorter term financial outcomes
Generating sales revenue, maintaining expenses, remaining
financially solvent, generate profit
Strategic controls= focus on the content of strategic actions rather
than on their outcomes
Balanced scorecards= provides a framework for evaluating the
simultaneous use of financial and strategic controls

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.

Leah — University of Toronto

OneClass has been such a huge help in my studies at UofT especially since I am a transfer student. OneClass is the study buddy I never had before and definitely gives me the extra push to get from a B to an A!

Leah — University of Toronto
Saarim — University of Michigan

Balancing social life With academics can be difficult, that is why I'm so glad that OneClass is out there where I can find the top notes for all of my classes. Now I can be the all-star student I want to be.

Saarim — University of Michigan
Jenna — University of Wisconsin

As a college student living on a college budget, I love how easy it is to earn gift cards just by submitting my notes.

Jenna — University of Wisconsin
Anne — University of California

OneClass has allowed me to catch up with my most difficult course! #lifesaver

Anne — University of California
Description
CHAPTER 2: Leading Strategically • Strategic leadership o Establishing vision and mission o Developing the management team and succession  Top management team=group of managers charged with the responsibility of developing and implementing the firms strategies  Develop people who can succeed them o Managing the resource portfolio  Human capitol= knowledge and skills of those working in the firm  Social capitol= all internal and external relationships that help the firm provide value to customers and ultimately to its other stakeholders o Building entrepreneurial culture  Encourages employees to identify and exploit new opport
More Less
Unlock Document
Start your 2 week free trial

Only half of the first page are available for preview. Some parts have been intentionally blurred.

Unlock Document
Start your 2 week free trial
You're Reading a Preview

Unlock to view full version

Unlock Document
Start your 2 week free trial

Share with your friends

Get 2 friends to sign-up for a free trial as well, and get an additional free week

Next

You've reached the limit of 4 previews this month

Create an account for unlimited previews.

Already have an account?

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit