ADMS 4900 Lecture Notes - Lecture 6: Balanced Scorecard, Severance Package, Longrun

• School: York University
• Department: Administrative Studies
• Course: ADMS 4900
• Professor: Barry O' Brien

Document Summary

Strategic management decisions and actions organizations undertake to create and sustain competitive advantages that leader them to success senior management is at the centre of these decisions. Romantic view of leadership implicit assumption is that the leader is the key force in deter(cid:373)i(cid:374)i(cid:374)g a(cid:374) orga(cid:374)izatio(cid:374)(cid:859)s su(cid:272)(cid:272)ess (or lack of) ceo is either lauded for fir(cid:373)(cid:859)s su(cid:272)(cid:272)ess or (cid:272)hided for fir(cid:373)(cid:859)s de(cid:373)ise. External control view of leadership focus on external fa(cid:272)tors that (cid:373)a(cid:455) positi(cid:448)el(cid:455) or (cid:374)egati(cid:448)el(cid:455) affe(cid:272)t the fir(cid:373)(cid:859)s success. Incremental management managers view job as making (cid:373)i(cid:374)or (cid:272)ha(cid:374)ges to i(cid:373)pro(cid:448)e effi(cid:272)ie(cid:374)(cid:272)(cid:455) of fir(cid:373)(cid:859)s operatio(cid:374)s only works and is good for firms that are in a very stable, simple and unchanging industry (rarely exist) Strategic management analyses, decisions and actions an organization undertakes to create and sustain competitive advantages. Competitive advantage that (cid:449)hi(cid:272)h (cid:373)akes a (cid:272)o(cid:373)pa(cid:374)(cid:455)(cid:859)s offerings superior to those from a competitor.