Autocratic An autocratic management style is one where the manager makes decisions unilaterally‚ and without much regard for subordinates. As a result‚ decisions will reflect the opinions and personality of the manager‚ which in turn can project an image of a confident‚ well managed business. On the other hand‚ strong and competent subordinates may chafe because of limits on decision-making freedom‚ the organization will get limited initiatives from those "on the front lines"‚ and turnover among
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BCom Honors (Strategic Management) STRATEGIC MANAGEMENT Module code: STM8X09 2014 STUDY GUIDE Lecturer: Miss Anoosha Makka Copyright © University of Johannesburg‚ South Africa Second edition 2008 Printed and published by the University of Johannesburg © All rights reserved. Apart from any fair dealing for the purpose of research‚ criticism or review as permitted under the Copyright Act 98 of 1978‚ no part of this material may be reproduced‚ stored in a retrieval system
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My Leadership Style Organizational Behavior February 10‚ 2010 Abstract Leadership is defined as a social influence process in which an individual seeks the participation of subordinates in an effort to research organizational goals. (Kinicki-Kreitner (p.346). My personal leadership style is based on the situational theory of leadership. Based on the type of situation my ability to adapt my leadership style is what makes me an effective manager. My Leadership
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TACTICAL AND STRATEGIC DECISIONS Investment decisions may be tactical or strategic. A tactical investment decision generally involves a relatively small amount of funds and does not constitute a major departure from what the firm has been doing in the past. The consideration of a new machine tool by a motor manufacturing company is a tactical decision‚ as is a buy-or-lease decision made by an oil company. Strategic investment decisions involve large sums of money and may also result in a major
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Strategic management - major intended and emergent initiatives taken by general managers on behalf of owners‚ - involving utilisation of resources‚ to enhance the performance of firms in their external environments. It entails specifying the organisation’s mission‚ vision and objectives‚ developing policies and plans‚ often in terms of projects and programs‚ which are designed to achieve these objectives‚ and then allocating resources to implement the policies and plans‚ projects and
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personal leadership portrait explores my servant leadership style as I summarize the following characteristics that determine how I will lead in the future: empathetic‚ good listener‚ good steward and committed to personal growth toward others. I will use this theory to analyze my strengths and weaknesses. In conclusion‚ I will explain how these findings will allow me to effective leader and influence other to manage change in the field of public service. My personal leadership style has always
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I. Executive Summary Strategic management has been given significant attention for this few decades‚ because of its mass contribution to the success of the company’s long term goal. The word “Strategy” has its roots of military science‚ deriving from the Greek’s word “Strategos” meaning plan the destruction of one’ enemies through effective use of resources.” (Calingo‚ n.d‚ as cited in Ting‚ 2012a‚ p. 8). A successful company has a very practical strategy. NIRON ADEC‚ one of the microfinance institutions
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Table of Contents Task 1 – Strategic Evaluation of Yahoo 1 Internal Analysis 1 1. SWOT Analysis 1 2. Mckinsey’s 7S 1 3. Value Chain Analysis 3 4. Balance Scorecard 3 5. BCG Matrix 4 6. Knowledge about Rivals 4 7. The Power-Dynamism Matrix 4 External Analysis 5 1. Porter’s Five Forces 5 2. PESTEL Analysis 6 3. Strategic Group Mapping 7 Task 2 – Strategic Improvements 8 Ansoff Matrix 8 Porter’s Generic Strategies 9 Blue Ocean Framework 10 Turn Around
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Describe the steps in strategic management process . The strategic management process is more than just a set of rules to follow. It is a philosophical approach to business. Upper management must think strategically first‚ then apply that thought to a process. The strategic management process is best implemented when everyone within the firm understands the strategy. Strategic management is a continuous process that appraises the business and industries in which the organization is involved;
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Management and Leadership Management: As defined by Peter Drucker “Management is tasks‚ management is discipline‚ but management is also people. Every achievement of management is the achievement of a manager. Every failure is a failure of a manager.” As per the meaning ‘management is tasks’ explain that management is responsible for planning‚ coordinating and carrying out many tasks. ‘Management is discipline’ can be explained as set of practices used to maximize the efficiency of the people
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