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Definitions for key terms related to strategic management and leadership, including romantic view of leadership, external control view, strategic management process, intended strategy, realized strategy, zero sum, symbiosis, share value, triple bottom line, local line leaders, executive leaders, internal network, vision, mission statement, and strategic objectives.
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situations in which the leader is the key force determining the organizations success or lack thereof. TERM 2
DEFINITION 2 situations in which external forces, where the leader has limited influence, determine the organizations success. TERM 3
DEFINITION 3 the analyses, decisions, and actions organization undertakes in order to create and sustain competitive advantage. TERM 4
DEFINITION 4 directs the organization toward overall goals and objectives. Includes multiple stakeholders in decision making. needs to incorporate short term and long term perspectives. recognizes trade offs between efficiency and effectiveness. TERM 5
DEFINITION 5 strategy in which organizational decisions are determined only by analysis
strategy analysis, strategy formulation, and strategy implementation TERM 7
DEFINITION 7 strategy in which organizational decisions are determined by both analysis and unforeseen environmental developments, unanticipated resource constraints and/or changes in managerial prefernces TERM 8
DEFINITION 8 the role of management is to look upon the various stakeholders as competing for the organizations resources. The gain of one individual or group is the loss of another individual or group. TERM 9
DEFINITION 9 recognizes that stakeholders are dependent upon each other for their success and well being. TERM 10
DEFINITION 10 this new concept of capitalism redefines the purpose of the corporation
a set of organizational goals that include both the purpose of the organization, its scope of operations, and the basis of its competitive advantage. TERM 17
DEFINITION 17 a set of organizational goals that are used to operationalize the mission statement and that are specific and cover a well defined time frame