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Strategic Leadership.ppt
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Transcript of Strategic Leadership.ppt
![Page 1: Strategic Leadership.ppt](https://reader036.fdocuments.net/reader036/viewer/2022082806/551d9a8049795955198b4cd9/html5/thumbnails/1.jpg)
Strategic LeadershipAbility to:• Influence organizational members
• Effectuate organizational change
Strategic Leaders:• Who are they?
• Effective strategic leaders– Frames of reference– Managerial resources
![Page 2: Strategic Leadership.ppt](https://reader036.fdocuments.net/reader036/viewer/2022082806/551d9a8049795955198b4cd9/html5/thumbnails/2.jpg)
Knowledgeof Business
ContactsVision
Relationshipswith Key
Stakeholders
LeadershipSkills
SpecialExpertise
General MgmtSkills
Ability toAssemble TopMgmt Team
Change MgmtSkills
ManagerialResources
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Senior Management Team (SMT)
• Who Comprises SMT?• Effectiveness of SMT:
– Heterogeneity– Cohesiveness– Board of Director Involvement
• SMT Selection:– Internal versus external candidates– CEO Succession and SMT
composition
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Ambiguous:Possible Change
in Top Mgmt Teamand Strategy
Stable Strategywith Innovation
StrategicChange
SMTComposition
Managerial Labor Market:CEO Succession
Heterogeneous
Homogeneous
InternalCEO Succession
ExternalCEO Succession
StableStrategy
Effects of CEO Succession & SMT Compositionon Strategy
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CEO Power & Corporate Governance
• CEO & Chairman of the Board
• CEOs with Long Tenure
•Most Effective Form of
Governance
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Exploiting &Maintaining
SA & DC
DeterminingStrategicDirection
DevelopingHumanCapital
SustainingEffective
CorporateCulture
EmphasizingEthical
Practices
EstablishingControl &Coherence
Strategic Leadership Responsibilities
StrategicLeadership
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Qualities of Visionary Leaders
Holistic (Comprehending Context) Interactive (Understanding Relationships)
Insightful (Intuition)
Speculative (Contemplation Without Data)
Imaginative (Could’s versus Should’s)Contingency Thinking (Possible
Futures)
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Sustaining an Effective Sustaining an Effective Corporate CultureCorporate Culture
Fits the firm’s strategyAdaptive
Promotes learning and human developmentPromotes the sharing of R&C’s
Promotes corporate entrepreneurshipPromotes trust
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Sustaining an Effective Sustaining an Effective Corporate CultureCorporate Culture
Culture also important because:• Replace Policies, Procedures & Rules• Capable of Being a Strategic Asset
Changing Corporate Culture:• Who Effectuates the Change?• How is it Done?
![Page 10: Strategic Leadership.ppt](https://reader036.fdocuments.net/reader036/viewer/2022082806/551d9a8049795955198b4cd9/html5/thumbnails/10.jpg)
Promoting Ethical Practices
• Communicate Ethical Values• SMT: Key Role Models• Codes of Ethics• Rewards & Sanctions• Hire based on shared ethical beliefs• Ethics Training• Ethics Committees• Signing Documents