Stragetic Management Essay -- Business and Management Studies

Stragetic Management1. Introductiom---------------USQ MGT8039 Strategic Leadership S2, 2005 Study book (p 1.11), sightedthat Hoskisson, Hitt and Ireland (2004, p.37) defined strategicalalal leadership as the ability to anticipate, envision, maintainflexibleness and empower others to create strategic change asnecessary managing through and through others, managing an entire enterpriserather that a functional subunit.2. Critical digest--------------------Strategic caution can be described as a physical process undertaken bytop- direct management. Thomson el all (2002, pp. 3-15)) elaborate thatstrategic management is process about defining the purpose of existentof an organization, formulating a long bourn strategy to fit theorganizations external and internal situation, build sustainableadvantage and improve organization performance. In contrast, strategicleadership is a function that drives the strategic management processin the organization. In view of this, the antecedent w ould like to adopt astand that strategic leadership is diametric from strategic managementbut both intertwined and co-exist to compliment each other. Strategicmanagement will not exist without strategic leadership.The scope of top level management in this respect shall encompassesthe Board of Directors, CEO and top management and the strategicleadership which, they exercise would be in-conjunction orindividually.Emergence of globalization whilst better-looking new opportunities fororganization to new moderateets, also exposes organization to newchallenges for competitions and rapid changes of private-enterprise(a)environment. The strategic management undertaken by organization toaddress these challenges required strategic leadership to drive thetask of crafting and executing the organization strategy. According toRichardson (1994), modern strategic management needs to be met by amulti-skilled strategic leadership response and not adopt a stand ofthis by and large, is the only g uidance to do strategic leadership.Nicholls (1994) proposed that in order to counter the fast-changing byplay environment, organization through the role strategicleadership must adopt the essential changes in the way they forecastand behave with respect to both pack and customers. In the processof strategic management, decisions making would have to take place to go out ... ...e, TrendsSource http//www.autoblog.com/entry/6449113922489878/Despite raking in $10 billion in earnings last year and looking likeit will surpass that mark this year, Toyota is not happy. ChairmanFujio Cho lambasted his own company last week, saying The perceive ofcrisis we feel, despite increasing sales and profits, stems from ourfear that we have no kept up. peculiarly fears that we have not keptup with environmental issues Ok, Fujio, I chouse its noble to be hardon yourself, as thats how Toyota got to this question in the firstplace, but what about the unbridled success of the Prius and the obscure hybrid concepts like the Volta and Lexus pending RX hybridSUV? Its still not even out close to enough, apparently, as Chairman Chorevealed plans to get 300,000 hybrids on tarmac by the end of nextyear. But, wait, this isnt really about environmentally-responsibletransport, is it? No, I didnt think so Toyota has long been forcedto compete only with itself as faraway as quality and reliability wereconcerned this year, however, the untarnishable reputation pittedslightly approximately the edges as Hyundai passed Toyota in J.D. PowersInitial Quality Study. Stragetic Management Essay -- Business and Management StudiesStragetic Management1. Introductiom---------------USQ MGT8039 Strategic Leadership S2, 2005 Study Book (p 1.11), sightedthat Hoskisson, Hitt and Ireland (2004, p.37) defined strategicleadership as the ability to anticipate, envision, maintainflexibility and empower others to create strategic change asnecessary managing through others, managing an entire en terpriserather that a functional subunit.2. Critical Analysis--------------------Strategic management can be described as a process undertaken bytop-level management. Thomson el all (2002, pp. 3-15)) elaborate thatstrategic management is process about defining the purpose of existentof an organization, formulating a long term strategy to fit theorganizations external and internal situation, build sustainableadvantage and improve organization performance. In contrast, strategicleadership is a function that drives the strategic management processin the organization. In view of this, the author would like to adopt astand that strategic leadership is different from strategic managementbut both intertwined and co-exist to compliment each other. Strategicmanagement will not exist without strategic leadership.The scope of top level management in this respect shall encompassesthe Board of Directors, CEO and top management and the strategicleadership which, they exercise would be in-conjunct ion orindividually.Emergence of globalization whilst giving new opportunities fororganization to new markets, also exposes organization to newchallenges for competitions and rapid changes of competitiveenvironment. The strategic management undertaken by organization toaddress these challenges required strategic leadership to drive thetask of crafting and executing the organization strategy. According toRichardson (1994), modern strategic management needs to be met by amulti-skilled strategic leadership response and not adopt a stand ofthis by and large, is the only way to do strategic leadership.Nicholls (1994) proposed that in order to counter the fast-changingbusiness environment, organization through the role strategicleadership must adopt the fundamental changes in the way they thinkand behave with respect to both people and customers. In the processof strategic management, decisions making would have to take place todetermine ... ...e, TrendsSource http//www.autoblog.com/entry /6449113922489878/Despite raking in $10 billion in earnings last year and looking likeit will surpass that mark this year, Toyota is not happy. ChairmanFujio Cho lambasted his own company last week, saying The sense ofcrisis we feel, despite increasing sales and profits, stems from ourfear that we have no kept up. Particularly fears that we have not keptup with environmental issues Ok, Fujio, I know its noble to be hardon yourself, as thats how Toyota got to this point in the firstplace, but what about the unbridled success of the Prius and themanifold hybrid concepts like the Volta and Lexus pending RX hybridSUV? Its still not even close to enough, apparently, as Chairman Chorevealed plans to get 300,000 hybrids on tarmac by the end of nextyear. But, wait, this isnt really about environmentally-responsibletransport, is it? No, I didnt think so Toyota has long been forcedto compete only with itself as far as quality and reliability wereconcerned this year, however, the untarnishable reputation pittedslightly around the edges as Hyundai passed Toyota in J.D. PowersInitial Quality Study.