This chapter discusses some key strategic leadership issues (such as privacy and fake news) facing Face book leaders Sheryl Sandberg and Mark Zuckerberg. Consider other firms mentioned in the chapter such as Amazon, PepsiCo, Uber, VW, and Starbucks. What social and ethical issues do the leaders of these firms face today? Choose a firm or industry and explore the relevant controversial issues it faces. How should strategic leaders address the major issues you have identified?
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Question I - This chapter discusses some key strategic leadership issues (such as privacy and fake news) facing Face book leaders Sheryl Sandberg and Mark Zuckerberg. Consider other firms mentioned in the chapter such as Amazon, PepsiCo, Uber, VW, and Starbucks. What social and ethical issues do the leaders of these firms face today? Choose a firm or industry and explore the relevant controversial issues it faces. How should strategic leaders address the major issues you have identified?
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- Choose a CEO of a prominent firm that you believe exemplifies the positive aspects of strategic leadership. What actions does this CEO take that demonstrate effective strategic leadership? What are the effects of those actions on the firm's performance?How did Wells Fargo’s focus on short-term gains violate the duties they owed to consumers, regulators, and employees? Describe how the Wells Fargo scandal demonstrates that organizational leaders must not only establish goals but ensure that those goals are being acted upon appropriately. Why are ethical values useless unless they are continually reinforced within the company?How do I respond to this in 100 words? Strategic management involved the ongoing process of establishing an organization's mission and objectives, considering both its external surroundings and internal strengths and weaknesses; it includes devising and executing strategies, as well as monitoring and adjusting them to guarantee the achievement of desired goals. Strategic management is very important because it provides organizations with a competitive advantage, assists with the allocation of resources, steers direction and focus, helps align and coordinate organizational members and functions toward a common goal, allows for adaptation to change, and drives performance optimization. Porter's Five Forces Model is a framework developed to analyze and evaluate the competitive forces and the attractiveness of the industry through the identification of five key forces that determine the competitive intensity and profitability of an industry. The five forces are the threat of new…
- Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Successful strategic management plays an important role in the success of the business. How will you implement the components of strategic management in your own organization? Elaborate.Strategic leadership is a fundamental aspect of effective management that involves setting a clear vision, inspiring and motivating employees, and making strategic decisions to steer an organization toward its goals. Strategic leaders possess strong analytical skills, vision, and the ability to think creatively and adaptively in complex and dynamic environments. They prioritize long-term objectives over short-term gains and foster a culture of innovation, collaboration, and continuous improvement. Additionally, strategic leaders are adept at building and empowering high-performing teams, leveraging their diverse skills and perspectives to drive organizational success. By providing direction, guidance, and support, strategic leaders enable their organizations to navigate challenges, capitalize on opportunities, and achieve sustainable growth. How can organizations develop and cultivate strategic leadership capabilities at all levels to foster a culture of innovation and drive long-term…Strategic planning is an integral part of organizational success, serving as a compass that guides decision-making and resource allocation. It involves a systematic process of defining goals, assessing resources, and formulating strategies to achieve long-term objectives. Successful strategic planning requires a thorough understanding of an organization's strengths, weaknesses, opportunities, and threats (SWOT analysis). By analyzing these factors, leaders can identify competitive advantages, mitigate risks, and capitalize on opportunities in the ever-evolving business landscape. Additionally, strategic planning encourages adaptability, allowing organizations to respond effectively to changes in the market, technology, or external factors. It fosters alignment among team members, ensuring that everyone is working towards common goals. In essence, strategic planning is not merely a theoretical exercise but a dynamic tool that empowers organizations to navigate complexity and foster…
- Overview of Strategic Management with Social Responsibility and Ethics ·What are some fundamental ethical approaches that managers should consider and why? In your view, is there one particular approach that is more essentially important to implement, and/or more universal? Explain · Discuss in scholarly detail the benefits and risks associated with strategic management. · Discuss in scholarly detail the purpose of a business strategy and expand on these concepts discussing a differentiation business strategy. Based on this strategies, how could an organization be a late mover and yet succeed with a strategy of differentiation and why? · Explain the newest trends in mission components and also differentiate between company philosophy and public image and why organizations should consider either or both in its overall mission. · Discuss in scholarly detail the defining principles and the implementing principles of the corporate…Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization? If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning. Discuss briefly why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.The board has been reviewing our current product portfolio with the goal of identifying which markets provide the best opportunities for growth. Central to this discussion is an understanding of what markets have the most barriers to entry, so we can avoid these segments. We have already ruled out any moves into the low end market. In your assessment, which two segments have the most barriers to entry? Sincerely, Lawrence Lawrence Shift Board Member, Strategy | Andrews Corporation O Perfomance and High End Traditional and High End O Size and Performance None of the segments have significant barriers
- Strategic planning involves setting long-term goals and objectives, determining the actions needed to achieve these goals, and allocating resources to implement those actions effectively. It's a structured approach that helps organizations adapt to changing environments, make informed decisions, and stay focused on their vision. Multiple Choice Question: Which of the following is a key characteristic of strategic planning? a) Short-term focus b) Reactive decision-making c) Adaptability to changes d) Limited consideration of resourcesWhat was the author expressing in Chapter 3 and Chapter 4 of Strategic Management by Reed Kennedy. https://doi.org/10.21061/strategicmanagement CC BY NC-SA 3.0Do you see the long-term strategy of Facebook as value-based? What is your perspective and rationale regarding ethical conduct and the strategy that this firm has employed to date? Nygaard, A., Biong, H., Silkoset, R., & Kidwell, R. E. (2017). Leading by example: values-based strategy to instill ethical conduct. Journal of Business Ethics, 145(1), 133–139. https://doi.org/10.1007/s10551-015-2885-9