Professional Documents
Culture Documents
Lesson 1 - Strategic Management
Lesson 1 - Strategic Management
1. Upper Level of Management Participative Leaders – actively court 1. Environmental Scanning “Strategy is about making choice,
feedback and try to involve their tradeoffs; and it is about deliberately
o comprises the top tier of an employees in the decision-making o refers to a process of collecting, choosing to be different.” – Michael
organization whose responsibility is to process. scrutinizing and providing information Porter
make strategic decisions and plans. for strategic purposes.
Coaching Leaders – Managers using the Emergent Strategy
o Executive coaching, change coaching style focus on developing their 2. Strategy Formulation
management, leadership, delegations team members, helping them hone the The concept is introduced by Henry
and empowerment, etc. skills they need to perform at an optimal o the process of deciding best course of Mintzberg. Emergent strategy is the
level. action for accomplishing organization process of identifying unforeseen
2. Middle Level of Management objectives and, hence achieving outcomes from the execution of strategy
Authoritative Leaders – are the “take- organization purpose. and incorporating unexpected outcomes
o responsible to the top management for charge” leaders who provide their into future corporate plans.
the functioning of their department. employees with constant monitoring and 3. Strategy Implementation
They devote more time to organization direction. It is an action model coined by author
and directional functions. o it implies making the strategy work as Henry Mintzberg that describes a
The Skills of Effective Management intended or putting the organization’s business strategy that develops over time
o Problem solving, team building talent hose strategy into action. as a business balances its goals with
development, performance Leadership skills – managers should be charging circumstances.
management, etc. able to set a vision for their employees, 4. Strategy Evaluation
inspire action, and hold everyone Deliberate Strategy
3. Lower Level of Management accountable. o final step of strategy management
process. It is a top-down approach to strategic
o consists of supervisors, foremen, Problem-solving skills – Managers o The last and final stage is known as planning that emphasized intention.
section officers, superintendents, and should be able to brainstorm creative and strategic control. Control can only be
all other executives whose work must efficient solutions to obstacles that may attained by mean of evaluation. Ethical Behavior
do largely with HR oversight and the be abstract or complex. Evaluation is the systematic
direction of operative employees. determination of a subject’s merit, Business ethics is the system of morals,
Communication skills – Giving and worth, and significance using criteria behaviors, and ethical beliefs that guides
o Emotional intelligence and coaching for receiving feedback, setting a vision, and governed by a set of standards. the business in terms of values, practices,
performance, etc. offering reports to other members of and decisions in the process of doing its
senior management or shareholders are Knowing your inventories is knowing your business.
First-Line Managers all essential components of management. capabilities… What you have and what
you don’t have.
o Represents an entry-level position for Organizational skills – Good managers
management professionals. First-line should be able to juggle multiple projects Knowledge of the internal and external
managers work directly with non- at one and ensure that they do not let any environment served as the basis for
management employees and project details slip through the cracks. shaping the vision and mission of the
team members. organization and eventually strategy is
formulated.