Strategic Management

BUSINESS
Reference Book:

Hitt, Ireland, R., & Hoskisson, R., (2013). Strategic Management Inputs. In Strategic management: Competitiveness & Globalization: Concepts and cases (10th ed.). Mason, Ohio: South-Western Cengage Learning.

Question 1

An organization’s key leadership actions can make or break the company.

Consider your current organization’s key leadership actions. (You may research any organization of your choice, if you do not currently have one.) Respond to the following questions:

Identify the five major components of effective strategic leadership.
Provide an example from your organization that corresponds to each leadership component.
Explain why your example is appropriate for each of the components.
Question 2

Innovation is a term that is frequently heard in the business world today.

Respond to the following questions:

Why is innovation so important to an organization?

What is the entrepreneurial mindset, and how does it relate to innovation?

What are the two types of internal innovations? How are they different from each other? Explain, using one example of each type.

Question 3

Respond to the following questions:

Considering the challenges of strategic management, how well equipped are you at the end of this course to handle those challenges? Explain with examples.

What did you learn that will be most relevant to you in your work environment? (Mission and Vision Statements) were relevant to me in the course so you can write about that).

How can you use these concepts in your career?
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