A CEO should possess several key traits to effectively lead an organization. These include conveying a strong vision, linking compensation to performance, frequent communication with employees and customers, emphasizing ethics, planning for succession, making sound decisions, and rewarding loyalty while reassigning or terminating underperformers. The forces that shape strategic management systems include the organization's size and management style, the complexity of the external environment and production processes, and the nature of problems facing the organization. Large companies tend toward more formal systems while smaller companies are less formal.
A CEO should possess several key traits to effectively lead an organization. These include conveying a strong vision, linking compensation to performance, frequent communication with employees and customers, emphasizing ethics, planning for succession, making sound decisions, and rewarding loyalty while reassigning or terminating underperformers. The forces that shape strategic management systems include the organization's size and management style, the complexity of the external environment and production processes, and the nature of problems facing the organization. Large companies tend toward more formal systems while smaller companies are less formal.
A CEO should possess several key traits to effectively lead an organization. These include conveying a strong vision, linking compensation to performance, frequent communication with employees and customers, emphasizing ethics, planning for succession, making sound decisions, and rewarding loyalty while reassigning or terminating underperformers. The forces that shape strategic management systems include the organization's size and management style, the complexity of the external environment and production processes, and the nature of problems facing the organization. Large companies tend toward more formal systems while smaller companies are less formal.
Question 3: What should be the key Traits of a CEO?
What are the forces that design the Strategic
Management Systems? Answer: It is noted that no two persons are alike this is also true with regards to their personality and how they run their corporations/organizations. However, below are some of the traits a CEO should possess to effectively run his/her organization. 1.
Conveys strong sense of vision
Links compensation to performance
Communicates frequently with employees
Emphasizes ethics
Plans for management succession
Communicates frequently with customers
Reassigns or Terminates
Rewards loyalty
Makes sound decisions
Forces that design Strategic Management systems are as follows: Organizations - based on their size are either gearing towards formality and more details which speaks for large organizations while for small companies, they tend towards less details and are not too formal. Management styles how the top management conducts its business and style of doing its business affects the design towards strategic management. Policy making is part of the management style that most large and small scale organizations use in part of designing their strategic management system. Complexity of Environment is the organization in a stable environment? Are there any competitions to the companys success? Iis there a market for the type of service offered? Some of these questions shape how systems are develop for the organization as strategy will be determined by the answers of the said questions. Complexity of Production process entails how effective is the process itself. Takes into consideration the following factors: Production lead time Capital intensive Labor intensive Manufacturing process Technology Market reaction time Nature of problems determining nature of problems help in the design of the system as they can come up with counter measures to solve the situation.