13061118
Description
Flashcards by Ari Minors, updated more than 1 year ago
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Created by Ari Minors
about 6 years ago
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| Question | Answer |
| 4 Leadership Styles: Providing Direction | 1. The Dreamer 2. The Effective Leader 3. The Uninvolved 4. The Doer |
| The Dreamer | High vision low action -is good at providing a big idea with meaning for self and others - weak in executing strategic action |
| The Effective Leader | High Vision High Action -dreams big and transforms those dreams into significant strategic actions -through own actions or hiring other leaders who are just as effective |
| The Uninvolved | Low Vision Low Action |
| The Doer | All action and little vision -hard worker dedicated to job -working blind (no sense of purpose or direction |
| Strategic leadership | the ability to anticipate and envision the future, maintain flexibility, think strategically, and initiate change that will create a competitive advantage for the organization in the future |
| The Domain of Strategic Leadership | 1. Vision 2. Mission 3. Strategy 4. Mechanism for execution |
| Vision | Where are we headed? -an attractive, ideal future that is credible yet not readily attainable |
| Mission | Who are we? -the organization's core broad purpose and reason for existence |
| Strategy | How do we get there? |
| What Vision Does | -Vision links the Present to the Future -Vision Energizes People and Focuses Attention -Vision gives meaning to work -Establishes a standard of excellence and integrity |
| Mechanisms for Execution | How do we get there? |
| Strategic leaders... | 1. Anticipate threats and opportunities 2. Challenge the status quo 3. Interpret Trends 4. Achieve Alignment |
| Bifocal Vision | the ability to take care of the needs today and meet current obligation while also aiming toward dreams of the future |
| 4 common themes of Vision | 1.Has a broad appeal 2. Deals with change 3. Reflects high ideals (self-reference) 4. Defines the destination and the journey |
| Self reference | a principle stating that each element in a system will serve the goals of the whole system when the elements are imprinted with an understanding of the whole |
| Co-Creation | when leaders and followers create a vision in building the desired future of company |
| 6 steps to co-create vision | 1. Target a vision for a desired future 2. Co-create the vision 3. Identify Strengths 4. Write a first draft 5. Solicit feedback and create the final vision statement 6. Share the vision widely |
| 2 parts of Mission | 1. Core Values (guide the organization 'no matter what') 2. Core purpose (used for growth and change) In the mission statement |
| Noble Purpose... | a purpose that inspires and leads followers to high performance and helps the organization maintain a competitive advantage |
| 4 Parts of Noble Framework | 1. Discovery: Finding the new 2. Excellence: Being the best 3. Altruism: Providing Service 4. Heroism: Being Effective |
| Strategic Management | the set of decisions and actions used to formulate and implement specific strategies that will achieve a competitively superior fit between the organization and its environment so as to achieve organizational goals |
| Strategy | the general plan of action that describes resource allocation and other activities for dealing with the environment and helping the organization attain its goals. |
| To develop strategy... | 1.leaders actively listen to people both inside and outside the organization 2. they examine trends and discontinuities in the environment 3. study events that have already taken place |
| How to develop industry forsight | study trends in technology, demographics, government regulation, values, and lifestyles that will help identify new competitive advantages |
| Situational Analysis | SWOT that affects organizational performance |
| Elements of Strategy | 1. Core Competence 2. Synergy 3. Value 4. Strategy Formulation |
| Core Competence | something the organization does extremely well in comparison to competitors |
| Synergy | the interaction of organizational parts to produce a joint effect that is greater than the sum of the parts |
| Value | the combination of benefits received and costs paid by customer |
| Strategy Formulation | integrating knowledge of the environment, vision, and mission with the core competence in such a way as to attain synergy and create customer |
| Strategic Execution | putting strategy into action by adjusting various parts of the organization and directing resources to accomplish strategic goals |
| Line of sight | followers see and understand the goals and how their actions will contribute to achieving them |
| 4 steps to Implement Strategy | 1. Create ongoing communication 2. Teach the "why" 3. Explain what this new thing means to each person 4. Tell what is not changing |
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