Chapter 12 - Strategic leadership. After reading the material in this chapter, you should be able to: Define strategic leadership and describe the importance of top-level managers, define top management teams and explain their effects on firm performance, describe the managerial succession process using internal and external managerial labor markets,. | Chapter 12: Strategic Leadership (SL) Overview: Strategic leadership & top-level managers importance Top management teams and effects on firm performance Managerial succession process Value of strategic leadership in determining firm’s strategic direction Importance of strategic leaders in managing firm’s resources Organizational culture and actions to sustain it Ethical practices: establishment and emphasis Importance and use of organizational controls The Strategic Management Process Strategic Leadership and Style Strategic leadership: the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary Multifunctional task that involves Managing through others Managing an entire enterprise rather than a functional unit Corporate, business, and international strategies Coping with change from internal and external environments Attracting and managing human (includes intellectual) capital Being able to meaningfully . | Chapter 12: Strategic Leadership (SL) Overview: Strategic leadership & top-level managers importance Top management teams and effects on firm performance Managerial succession process Value of strategic leadership in determining firm’s strategic direction Importance of strategic leaders in managing firm’s resources Organizational culture and actions to sustain it Ethical practices: establishment and emphasis Importance and use of organizational controls The Strategic Management Process Strategic Leadership and Style Strategic leadership: the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary Multifunctional task that involves Managing through others Managing an entire enterprise rather than a functional unit Corporate, business, and international strategies Coping with change from internal and external environments Attracting and managing human (includes intellectual) capital Being able to meaningfully influence others Strategic leaders make a major difference in how well a firm performs Strategic Leadership and the Strategic Management Process Effective strategic leadership is the foundation for successfully using the strategic management process Strategic leaders: Shape the formation of vision and mission Facilitate strategy formulation and strategy implementation Are needed for the achievement of strategic competitiveness and above-average returns. The Role of Top-Level Managers Top level managers play a critical role in strategy formulation and implementation Their strategic decisions influence how an organization is designed and how goals are achieved Top managers also develop structure, culture, reward systems, and policies/SOPs Having a top management team with superior managerial skills is critical (and can be a source of CA and AAR) Managers make a difference because of the discretion (or latitude for action) they use when making strategic decisions This .
