Professional Documents
Culture Documents
Chapter 12
12
Strategic Leadership
Michael
Michael A.
A. Hitt
Hitt
R.
R. Duane
Duane Ireland
Ireland
Robert
Robert E.
E. Hoskisson
Hoskisson
Strategic
Competitiveness
Above Average
Feedback
Returns
Ch12
Strategic Leadership
Ch12
Strategic Leadership Effective
Effective
and the Strategic Strategic
Strategic Leadership
Leadership
Management Process shapes the formulation of
Strategic and
Strategic Intent
Intent Strategic
Strategic Mission
Mission
influence
Successful
Successful
Strategic
Strategic Actions
Actions
Formulation
Formulation Implementation
Implementation
of
of Strategies
Strategies of
of Strategies
Strategies
Strategic
Strategic Competitiveness
Competitiveness
Above-Average
Above-Average Returns
Returns
Ch12
Factors Affecting Managerial Discretion
External Environment Organizational
Industry Structure Characteristics
Rate of market growth Size and age
# and type of competitors Culture
Political/Legal constraints Resource availability
Product differentiation Employee interaction
Managerial
Managerial Discretion
Discretion
Homogeneous
Stable
Top Strategy
Management
Team
Composition
Heterogeneous
Ch12
Effects of CEO Succession and Top
Management Team Composition on Strategy
Managerial Labor Market:
CEO Succession
Internal External
CEO Succession CEO Succession
Ambiguous:
Homogeneous
Stable Possible change in
Top Strategy Top Management
Management Team and Strategy
Team
Composition
Heterogeneous
Ch12-
Effects of CEO Succession and Top
Management Team Composition on Strategy
Managerial Labor Market:
CEO Succession
Internal External
CEO Succession CEO Succession
Ambiguous:
Homogeneous
Stable Possible change in
Top Strategy Top Management
Management Team and Strategy
Team
Composition
Stable
Heterogeneous Strategy with
Innovation
Ch12-
Effects of CEO Succession and Top
Management Team Composition on Strategy
Managerial Labor Market:
CEO Succession
Internal External
CEO Succession CEO Succession
Ambiguous:
Homogeneous
Stable Possible change in
Top Strategy Top Management
Management Team and Strategy
Team
Composition
Stable
Heterogeneous Strategy with Strategic
Innovation Change
Ch12-
Exercise of Effective Leadership
Effective
Effective Strategic
Strategic Leadership
Leadership
Determining
Determining Establishing
Establishing
Strategic Balanced
Balanced
Strategic Organizational
Direction Organizational
Direction Controls
Controls
Exploiting
Exploiting &
& Sustaining
Sustaining
Developing
Developing Emphasizing
Emphasizing
Maintaining
Maintaining an
an Effective
Effective
Human
Human Ethical
Ethical
Core
Core Organizational
Organizational
Capital
Capital Practices
Practices
Competencies
Competencies Culture
Culture
Ch12-
Determining
Effective
EffectiveStrategic
StrategicLeadership
Leadership
Direction Exploiting
Exploiting&&
Maintaining
Maintaining
Developing
Developing
Human
Sustaining
an
Sustaining
anEffective
Effective
Emphasizing
Emphasizing
Ethical
Core Human Organizational Ethical
Core Capital Organizational Practices
Competencies Capital Culture Practices
Competencies Culture
Exploiting &
Leadership
Establishing
Maintaining
Determining
Determining Establishing
Strategic Balanced
Balanced
Strategic Organizational
Direction Organizational
Direction Controls
Controls
Developing
Leadership
Establishing
Human
Determining
Determining Establishing
Strategic Balanced
Balanced
Strategic Organizational
Direction Organizational
Direction Controls
Controls
Capital Exploiting
Exploiting&&
Maintaining
Maintaining
Core
Developing
Developing
Human
Human
Sustaining
an
Sustaining
anEffective
Effective
Organizational
Emphasizing
Emphasizing
Ethical
Ethical
Core Capital Organizational Practices
Competencies Capital Culture Practices
Competencies Culture
Effective Determining
Determining
Strategic
Strategic
Direction
Direction
Establishing
Establishing
Balanced
Balanced
Organizational
Organizational
Controls
Controls
Organizational Exploiting
Exploiting&& Developing
Developing
Sustaining
Sustaining Emphasizing
Emphasizing
Maintaining an
anEffective
Culture
Maintaining Human Effective Ethical
Core Human Organizational Ethical
Core Capital Organizational Practices
Competencies Capital Culture Practices
Competencies Culture
Practices Exploiting
Exploiting&&
Maintaining
Maintaining
Developing
Developing
Human
Sustaining
an
Sustaining
anEffective
Effective
Emphasizing
Emphasizing
Ethical
Core Human Organizational Ethical
Core Capital Organizational Practices
Competencies Capital Culture Practices
Competencies Culture
Balanced Determining
Determining
Strategic
Strategic
Direction
Direction
Establishing
Establishing
Balanced
Balanced
Organizational
Organizational
Controls
Controls
Organizational Exploiting
Exploiting&& Sustaining
Sustaining
Controls
Developing
Developing Emphasizing
Emphasizing
Maintaining
Maintaining an
anEffective
Effective
Human
Human Ethical
Ethical
Core
Core Organizational
Organizational
Capital
Capital Practices
Practices
Competencies
Competencies Culture
Culture