Overview of Lecture This lecture will introduce you to who strategic managers are and how they do what they do. We shall try to get inside the role and overview the person.
Adizes PAEI Model of management roles Producer – P Administrator – A Entrepreneur – E Integrator - I P-role A-role E-role I-role Results Procedures Systems Creativity Continuity Motivation Co-operation Short term orientation Long term orientation Internally oriented Externally oriented
Decision complexity and information supply Implement policy Strategic Tactical Operational Control policy Develop policy Abstract Concrete and Well Defined Relatively simple Relatively Complex
Decision characteristics Transactions, accounting, human resource management, inventory. Scheduling employees, ordering supplies. Day-to-day functioning. Operation Expenses, schedules, sales, models, forecasts. New tools to cut costs or improve efficiency. Improving operations. Tactical External events, rivals, sales, costs quality, trends. New product that will change the industry. Competitive advantage. Strategic Type of Information Example Description Decision Level
Next Week Block 1 : Lecture 4 Information and the Strategic Environment