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picture1_Leadership Ppt 73744 | Strategic Leadership


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File: Leadership Ppt 73744 | Strategic Leadership
top management team strategic direction responsible for effecting long term strategic decisions and strategic change formulate implement strategies strategies strategic directions of tmt influences the ability to engage in effective ...

icon picture PPT Filetype Power Point PPT | Posted on 01 Sep 2022 | 3 years ago
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              TOP MANAGEMENT TEAM: Strategic Direction
       • Responsible for effecting long term strategic decisions and strategic change
           Formulate                             Implement 
           Strategies                             Strategies
        Strategic Directions of TMT Influences the Ability to engage in effective 
        strategic change.
                                                               2
              TOP MANAGEMENT TEAM: Strategic Direction
       HETEROGENOUS TMT: Diverse Backgrounds, Expertise and Knowledge
       • The more heterogenous a team The greater the capacity to provide 
         effective strategic leadership stronger actions, stronger response to fight 
         competition
       • They must function cohesively – otherwise difficult to implement strategies
       • Hetorogenous TMT:
         •  Formulate Value Added Winning Strategies
         •  Function Cohesively & Minimize Disputes
         •  Associate Positively with Innovation & Change
                                                               3
                    DETERMINING STRATEGIC DIRECTION
       •  Developing a long term vision of the strategic intent  5-10 Yrs ahead
       •  The interactions of “TMT COMPOSITION” and “CEO SUCCESSION” on 
          strategy
                                              CEO SUCCESSION
                                    INTERNAL                 EXTERNAL
       HOMOGENOUS
                                   Stable Strategy      Ambiguous Case:
            TMT                No change expected as 
       COMPOSITION              members think and       Slight Change in 
                                behave alike            team & Strategy
                                   Stable Strategy      Strategic Change
      HETEROGENOUS                 with Innovation
               STRATEGIC CHANGE More Likelihood of change if team members are 
                         heterogenous and CEO is Appointed from outside
                                 Innovate & Engage in Change
                                                                                4
             EFFECTIVE STRATEGIC LEADERSHIP: KEY ATTRIBUTES
         1.  EXPLOITING AND MAINTAINING CORE COMPETENCIES
             •   Core competencies relate to functional skills (Marketing, HR, Finance)
             •   Develop and exploit core skills to implement strategies
             •   Significant assets that can be applied across business units
         2.  DEVELOPING HUMAN CAPITAL
             •   Enhance knowledge & skills of workforce
             •   Building commitment to goals
             •   Participation in internal & external Programs to develop abilities
             •   Effective training and development workshops
             •   Continuous learning and leveraging knowledge base
             •   Competency Mapping
                            Fitment                                      Restructuring 
                                                                             Phase
                              T & D
                                                                                                    5
         3.  SUSTAINING ORGANISATION CULTURE:
         •   Ideologies, Values that is shared throughout the firm and influences the way 
             business is conducted
             •   Regulates and controls employees behaviour
             •   Enthrepreneurial orientation (e.g. compaq-USA)
                 More authority, Independence & enrichment innovative and aggressive
             •   How do you change culture & re-engineer business??
             (i) An incredibly difficult task if TMT Homogenous
             (ii) Changing culture to support selection of different strategies and 
                 implementation of the same
                                                                                                    6
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...Top management team strategic direction responsible for effecting long term decisions and change formulate implement strategies directions of tmt influences the ability to engage in effective heterogenous diverse backgrounds expertise knowledge more a greater capacity provide leadership stronger actions response fight competition they must function cohesively otherwise difficult hetorogenous value added winning minimize disputes associate positively with innovation determining developing vision intent yrs ahead interactions composition ceo succession on strategy internal external homogenous stable ambiguous case no expected as members think slight behave alike likelihood if are is appointed from outside innovate key attributes exploiting maintaining core competencies relate functional skills marketing hr finance develop exploit significant assets that can be applied across business units human capital enhance workforce building commitment goals participation programs abilities training...

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