SGMT 3000 Chapter Notes - Chapter 1: Intellectual Capital, Zero-Sum Game, Plaintext
4 Apr 2016
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Chapter 1- strategic management creating competitive advantages: an overview. Organization"s performance is directly linked to the choices its managers make about their strategy and the organization"s ability to execute this strategy successfully. Strategic management defined as the decisions and actions organizations undertake to create and sustain competitive advantages that lead them to organizational success. Romantic view of leadership implicit assumption that the leader is the key force in determining an organization"s success or lack thereof. External control instead of making the implicit assumption that the leader is the most important contributor in determining organizational performance, the focus is on external factors that may positively or negatively affect a firm"s success. Today"s managers must do more than set long-term strategies and hope for the best. They must go beyond incremental management whereby they view their job as making a series of minor changes to improve the efficiency of their firm"s operations.
