Competing For Advantage: Strategic Leadership

1. Competing For Advantage:Strategic Leadership Part I – Strategic Thinking Chapter 2 – Leading strategically These slides have been modified to meet the teaching needs of the class --- Celeste Ng

2. Strategic Leaders • Key Terms • Strategic Leadership策略領導– the ability to anticipate預測, envision預想, maintain flexibility, and empower授權others to create strategic change as necessary

3. Qualities of Strategic Leadership戰略領導者品質 - 1 • Visionary有遠見 • have a clear view of what they want to accomplish • Transformational會轉型 • act as agents of change變革的推動者 or 改變的推動者

4. Qualities of Strategic Leadership戰略領導者品質 -2 • Multifunctional 公司的各領域各部門大小事都懂 • Managing the entire enterprise rather than a functional subunit • Managerial 管理 • “The ability to make business decisions and lead subordinates within a company. Three most common skills include: 1) human skills - the ability to interact and motivate; 2) technical skills - the knowledge and proficiency in the trade; and 3) conceptual skills - the ability to understand concepts, develop ideas and implement strategies. Competencies include communication ability, responsebehavior and negotiationtactics.” --- (Source: http://www.businessdictionary.com/definition/managerial-skill.html)

5. Qualities of Strategic Leadership戰略領導者品質 -3 • Influential 有影響力 • Influence human behavior, thought, feeling • Change tolerant 容忍變化 • accepting an increasingly greater amount of change in an uncertain environment • Uncertainty tolerant 容忍不確定性 • accepting an increasingly greater amount of uncertainty in a turbulent business environment • Motivational 動機 • motivating others to do more than is expected, continuously enrich their capabilities, and place the interests of the organization above their own

6. Skill Hierarchy of Strategic Leader Capabilities戰略領導者能力的技能等級 Transformational轉型 – humble, often attributing success to the team將成功歸功於團隊 Effective – articulating clear strategic intent and motivating followers明白地說 Competent能幹 – organizepeople and resource to achieve organizational objectives Contributing - to the achievement of team goals Capable能力 - developingskills and work ethic

7. Strategic Leadership Style戰略領導者風格 • Directive approach指導的做法 • a traditional "commander" style that might be most appropriate when rapid decisions need to be made傳統的“指揮官”風格 • Collaborative approach合作的方式 • in general, usually yields better results when managers share and evaluate a greater amount of relevant information in their decision making.當管理者在決策過程中需要共同分享和評估很多資訊 • Delegation 授權 • effective style when implementation of strategy can be improved by independent manager decision making 獨立管理者決策

8. Managerial Discretion and Decision Biases管理者自主權和決策偏差 • Key Terms • Discretion [carefulness] – latitude for action, based on行動的自由度 • Heuristics啟發– rules of thumb used in decision making 經驗法則 • Hubris傲慢自大– excessive pride, leading to a feeling of invincibility過度自豪

9. Constraints on Decision Making industry structure行業結構, rate of market growth市場增長速度, degree of product differentiation產品差異化程度 tolerance for ambiguity, commitment to the firm, interpersonal skills容忍模糊性，致力於企業，人際交往能力

10. Key Strategic Leadership Responsibilities and Actions