Wednesday, May 6, 2020
Strategic Leadership And Decision Making - 1454 Words
Introduction McCain Foods is a potato manufacturing company founded in Canada in 1957 by Harrison and Wallace McCain. Currently, there are 41 sites on six continents employing 3,600 farmers and 17,000 other workers across the world (McCain, 2015). McCain has had several external environmental factors affecting their business including social, legal, economic, political, and technological forces that they have had to overcome and adapt to. Due to these factors, McCain has had numerous opportunities and threats that affect business strategy, philosophy, and initiatives. The volatility, uncertainty, complexity, and ambiguity of strategic planning and decision making and how it affects McCainââ¬â¢s strategy will be discussed below to show how McCain is handling changes in the environment and their business outcomes. McCainââ¬â¢s response to the external environment is important for their success in business and competition within the food industry. External Environment Strategic leadership and decision making occurs first with an assessment of the external environment. ââ¬Å"Strategy can be compared to a plan, except it is broader in scale, long term in nature, and surrounded by more uncertaintiesâ⬠(Fernandes, 2009). Successful decision making and assessments can shape an organizations strategy to better accommodate for threats, opportunities, strengths and weaknesses. Strategic leadership and decision making are important qualities to have in a leader. Therefore, following the SLEPTShow MoreRelatedLeadership And Strategic Decision Making1667 Words à |à 7 PagesLeadership and Strategic Decision-Making in Social Movement Organizations Introduction Throughout history, social movement organizations (SMO) have been actively involved in their communityââ¬â¢s seeking to mobilize others and gain resources in order to achieve their goals. It is important to study how SMO achieve their goals to understand the strategic decision-making process and leadership that movements develop for success. Aims: This study aims to investigate the interaction and processes ofRead MoreStrategic Leadership and Decision-Making: Ethics and Values3428 Words à |à 14 PagesTOPIC: STRATEGIC LEADERSHIP AND DECISION-MAKING: ETHICS AND VALUES APRIL, 2010 INTRODUCTION Values and ethics are central to any organization. What exactly do we mean by values and ethics? Both are extremely broad terms, and we need to focus in on the aspects most relevant for strategic leaders and decision makers. What we will first discuss is the distinctive nature of ethics; second, we will take a look at work ethics; third we will look into strategic leadership and decision making; fourthRead MoreCore Elements Of Strategic Leadership Essay1379 Words à |à 6 Pages2 The core elements of strategic leadership The above provides the basis for understanding strategic leadership, as it helps to forge the basis components of what the style is about. In order to go deeper into the workings of the framework, you need to examine the different components of it. In this section, weââ¬â¢ll first explore the essential components of the leadership style, before outlining the key steps a strategic leader needs to take for the framework to work efficiently and effectively. Read MoreEssay Strategic Leadership1068 Words à |à 5 PagesStrategic Leadership The only thing harder than being a strategic leader is trying to define the entire scope of strategic leadership a broad, difficult concept. We cannot always define it or describe it in every detail, but we recognize it in action. This type of leadership involves microscopic perceptions and macroscopic expectations. Volumes have been written on the subject, which may in fact contribute to the difficulty of grasping the concept. One finds confusing and sometimes conflictingRead MoreStrengths And Weaknesses Of Strategic Leadership1170 Words à |à 5 PagesWhen it comes to analysing any leadership framework, you canââ¬â¢t just examine the strengths of the theory and the possible benefits of it. You must also focus on understanding the possible drawbacks of the style. Not only can a balanced view of the advantages and disadvantages of the leadership theory help you realise whether it is the right style for you as a leader or for the organisation, but also to ensure you implement the framework correctly and minimise the risk of the disadvantages. So, whatRead MoreManagement Case Analysis - Blue Sky. Blue Sky Is A Software1662 Words à |à 7 Pagesseveral management issues ranging from leadership to decision-making. In this light, the company has undergone leadership change from Maxââ¬â¢s autocratic leadership style to collaborative, changes in employee motivation, strategic planning, and decision making as well as design and control problems. Management issues are the common problem Blue Sky face. The company does not have a strategic planning process which is critical to the success of any business. Strategic planning is essential to a company sinceRead MoreExecutive Leadership And Strategic Decisions1242 Words à |à 5 PagesExecutive Leadership and Strategic Decisions (Good Bad) Executive leaders have to make decisions concerning their organizations in an attempt to lead the organization in the right direction. Knowing that there are varying personalities within these organizations the leaders have to understand this paradigm which causes decision making to be both objective and subjective within organizations. Attribution theory, gender and crisis calls for executive leaders to make varying decisions. EmpiricalRead MoreBusiness Policy Developments And Implementation918 Words à |à 4 Pagesvisionary leadership or strategic leadership, as presented by Rowe? Answer: Yes, the strategic leadership is exhibited by the Sir Richard Branson, one of the greatest business tycoon of United Kingdom and one of the most revered entrepreneurs of modern times. As Rowe mentioned in his article, ââ¬ËCreating wealth in Organizationsââ¬â¢ that the premise of Strategic leadership is based on the pre-assumption that both managerial and visionary leadership coexist. At the same time, the strategic leadership combinesRead MoreRelationship Between Management and Leadership1374 Words à |à 6 PagesUnderstand the relationship between strategic management and leadership Strategic management refers to the coordination of material, human, financial and technological resources of an organisation to enable it and all its stakeholders to achieve their stipulated goals in an effectively and efficiently. Leadership is the process of organising, supporting and directing the individuals in an organisation with the aim of influencing them to work in pursuit of the goals and missions of an organisationRead MoreRole Of Office Manager And Budgetary Control1526 Words à |à 7 Pages CLASSIC INTERIORS ââ¬Æ' Table of Contents TABLE OF CONTENTS 2 LEVELS OF DECISION MAKING 3 ROLE OF OFFICE MANAGER 4 FINANCIAL PLANNING AND BUDGETARY CONTROL 5 EFFECTIVE DELEGATION 6 LEADERSHIP MODELS 7 REFERENCES 8 ââ¬Æ' Levels of decision making â⬠¢ Strategic decisions: This level of decision making comes from the top down. These decisions are long term and involve the vision of the company. This type of decision making is usually made at management level. Long-term forecasts of business turnover
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.