Professional Documents
Culture Documents
What is Strategy
Strategic Leadership
Ability to lead towards the achievement of its
objectives. Tasks involved are: Anticipate, envision, maintain flexibility and empower others to create strategic change. Strategic leadership provides the vision and direction for the growth and success of an organization.
smaller change? Which leadership style is suitable for introducing a big change?
CORPORATE CULTURE
It is a set of assumptions that members of an
company's employees and management interact and handle outside business transactions.
A company's culture will be reflected in its dress code, business hours, office setup, employee benefits, turnover, hiring decisions, treatment of clients, client satisfaction and every other aspect of operations.
DNA or Organizational Soul. It is the fundamental contributor of the success or failure of corporate strategies. Reflected in companys
values, business principles and ethical standards relationships with stakeholders approaches to people management and problem
solving
within an organization but also decisions they make about the organization's relationship with its environment and its strategy. Corporate Culture acts as strength- Facilitate communication, decision making and control and create cooperation and commitment. Corporate Culture is a weakness- employees do not have high sense of commitment, loyalty and sense of identity.
Actual performance or results achieved Seniority ,conformity Innovation, thinking to values and and upgradation loyalty of knowledge
Managerial style of planning & Information gathering, Selective information decision making usage and intuitive bureaucratic mode of functioning, risk and quantitative decision making of aversion and nonentrepreneurial entrepreneurial nature decision making Management Reliance on business Use of elegant, systems adopted sense and no-frills sophisticated and systems geared to rational systems quick action which degenerate due to low usage Nature of management control
Comprehensive, Primary use of verbal formal and written reporting and reporting remedial action
emotional, organic habitat in which a companys strategy lives or dies Strategy is just the headline on the companys story culture needs a clearly understood common language to embrace and tell the story that includes mission, vision, values, and clear expectations Strategy lays down the rules for playing the game, and culture fuels the spirit for how the game will be played
Strategy is imperative for differentiation, but a vibrant
Approaches to create strategy-supportive culture: To Ignore Corporate Culture To Adapt Strategy Implementation to Suit Corporate Culture To Change the Corporate Culture to Suit Strategic Requirements To Change the Strategy to Fit the Corporate Culture
compete for resources Power impacts organizational life work attitude motivation communication retention Knowing how power functions is important
WHAT IS POWER?
Interpersonal (or intergroup) relationship in which one
individual (or group) can cause another individual (or group) to take an action that it would not otherwise take.
Involves changing the behavior of another
TYPES OF POWER
Reward Power- arises from the ability of managers to
POLITICS
Those activities taken within organizations to acquire,
develop, and use power and other resources to obtain ones preferred outcome in a situation where there is uncertainty of outcome.
POLITICS
The use of power to influence
decisions that achieve desired outcomes.
divisiveness that is not good for an organization, yet there are times when it needs to be shaken up in order to bring in changes Politics and power have a definite role to play in strategy implementation
before it can pull together again In other words, strategists need to know when to use power and politics to get things done and when to shun politics and use of power to maintain harmony. Politics and power affect the way strategy is implemented and formulated
there in the organization Understand how an organizations power structure works, who wields real power and influence and who are the individuals and groups whose opinions carry weight and cannot be disregarded To be sensitive and alert to political signals emanating from different parts of the organization
management and consensus building and when to push through decisions and actions To lead strategy and not to dictate it, being patient till consensus emerges To let most negative decisions emerge as a group consensus rather than as a directive from the top To gather support for acceptable proposals and let the unacceptable ideas die a natural death To reward organizational commitment and penalize negative or indifferent attitude To practice principled politics and use openness and honesty to counter and unprincipled politics