Leader-centric perspective - CORRECT ANSWER-leadership
flows from characteristics of the leader
Follower-centric perspective - CORRECT ANSWER-assumes
that leadership is attributed to leaders by their followers but has
nothing to do with the leader's traits or actions
Max Weber's power theory - CORRECT ANSWER-the ability to
exercise one's will over others despite resistance.
Strategic Management - CORRECT ANSWER-an integrative
management field that combines analysis, formulation, and
implementation in the quest for competitive advantage
Poles of a strategic management plan - CORRECT ANSWER-
values, environment, resources
macro-environmental factors - CORRECT ANSWER-aspects of
the external environment that affect a company's business,
such as the culture, demographics, social issues, technological
, advances, economic situation, and political/regulatory
environment
micro environmental factors - CORRECT ANSWER-1. the
company: the firm itself
2. corporate partners --> suppliers/distributers
3. competition
Strategic Management Process - CORRECT ANSWER-1.
Mission and Goals
2. Environmental Analysis
3. Strategic formulation
4. Strategy Implementation
STEEPLE Framework - CORRECT ANSWER-socio cultural
factors, technology, economic globalization, ecology, politics,
legal, ethical. All relate to macro environment.
PRIMO-F - CORRECT ANSWER-- people, resources,
innovation and ideas, marketing, operations and finance
- all relate to micro environment.
Strategy Heirarchy - CORRECT ANSWER-corporate level,
business level, functional level, team level.
disruptive innovation - CORRECT ANSWER-an innovation that
leverages new technologies to attack existing markets. disrupts
an industry.
innovation process - CORRECT ANSWER-creative ideas,
selection and development, implementing, marketing
leaders role in innovation - CORRECT ANSWER-constructing
environments in which people feel encouraged and enabled to
innovate, and also by setting goals and directing activities.
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