BPS 4305 Study Guide - Midterm Guide: Activist Shareholder, Learning Organization, Triple Bottom Line
6 Sep 2016
School
Department
Course
Professor
Document Summary
Two perspectives of leadership: romantic, external control. Romantic view of leadership situations in which the leader is the key force determining the organization"s success or lack thereof: exm. External control view of leadership situations in which external forces where the leader has limited influence determine the organization"s success: exm. Economic downturns, governmental legislation are most important: exm. Incremental management small, minor changes to improve efficiency of their firm"s operations: proactive, anticipate change and continually refine. Defining strategic management: strategic management consists of the analyses, decisions and actions an organization undertakes in order to create and sustain competitive advantages, ongoing process: analyses, decisions, and actions. Analysis of strategic goals (vision, mission, and strategic objectives) Analysis of the internal and external environment of the organization. Strategies ideas, decisions and actions that enable a firm to succeed: study of why some firm outperform others.
