Strategic Management

MBA Strategic Leadership

Jack Welch on Leadership
http://www.youtube.com/watch?v=PzkWKNsuyD0

Leadership Perspectives
• "The people who are doing the work are the moving force behind the Macintosh. My job is to create a space for them, to clear out the rest of the organisation and keep it at bay." – Steve Jobs • "Good leadership consists of showing average people how to do the work of superior people." – John D. Rockefeller • "When somebody challenges you, fight back. Be brutal, be tough." – Donald Trump • “Effort and courage are not enough without purpose and direction.” – John F. Kennedy

Levels of Leadership
Mintzberg (1998) • Individual
– Coaching – Mentoring – Motivating

• Group Level
– Team building – Conflict resolution

• Organisational Level
– Build Culture

Exercise of Effective Leadership (Hitt et al, 2000)
Effective Strategic Leadership

Determining Strategic Direction

Establishing Balanced Organisational Controls

Exploiting & Maintaining Core Competencies

Developing Human Capital

Sustaining an Effective Organisational Culture

Emphasizing Ethical Practices

Strategic Leadership (Hitt et al, 2000)
Strategic Leadership involves: The ability to anticipate, envision, maintain flexibility and empower others to create strategic change Multi-functional work that involves working through others

Consideration of the entire enterprise rather than just a sub-unit
A managerial frame of reference

Strategic Leadership & Governance
Chief Executive Officers can gain so much power that they are virtually independent of oversight by the Board of Directors This is especially true when the CEO is also Chairman of the Board of Directors CEOs of long tenure can also wield substantial power The most effective forms of governance share power and influence among the CEO and Board of Directors

Effects of CEO Succession and Top Management Team Composition on Strategy
Managerial Labor Market: CEO Succession

Internal CEO Succession

External CEO Succession
Ambiguous: Possible change in Top Management Team and Strategy

Top Management Team Composition

Homogeneous

Stable Strategy

Heterogeneous

Stable Strategy with Innovation

Strategic Change

Strategic Leadership Issues
• • • • • • • Strategic Position Power Organisational Culture Stakeholder Relationships Strategic Thinking Vision Change Management

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