Business Strategy
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Details
Textbook:
Pages : 323;
Paperback;
210 X 275 mm approx.
Workbook:
Pages :
321; Paperback;
210 X 275 mm approx
Pricing
Textbook Price: Rs. 750 ;
Workbook Price: Rs. 700;
Available only in INDIA
Detail Table of Contents
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Organizational Roles in Strategic Management : Chapter 14
SUMMARY:
The responsibility of formulating and executing the organization’s strategy primarily vests with the key leaders in the organization, along with the Board of Directors. This set of individuals can be collectively referred to as the strategy team. It is the responsibility of this team to clarify the mission and objectives of the organization, to define the corporate strategy, and establish and manage the organization’s structure and control systems. The strategy team also influences the organization’s culture and values, which are key determinants of the ways in which strategies are formulated and implemented. The strategy team also monitors and controls operations, with special reference to financial results, productivity, quality, innovation, customer service, and staff development.
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following issues are important: leadership qualities and leadership style for strategic management; ambitions and values of the strategic leader; risk profile and strategy team; strategy team and change; the role of the CEO in strategic management; and the role of general managers in strategic management.
The responsibilities of the directors on a company’s Board include formulation of mission, objectives, and policies; selection of top executives; organization design; feedforward and feedback loops; link between the company and its external environment; formulation of strategy and evaluation of execution; and managing strategic change. Based on the variation in the degree of involvement of the board of directors in strategic management, boards can be classified into: phantom boards, rubber stamp boards, minimal review boards, normal participation boards, active
