Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Strategic management 2

strategic management

  • Login to see the comments

  • Be the first to like this

Strategic management 2

  1. 1. Selected Top 10 Management Practices(ClassResponses) Decision making at appropriate level Available resources to be utilized judicially Taking risks to attain the goals (risk management) Quality management Time management Cost management Ethical standards Execution of plans to the extent possible Financial management with internal controls Making everyone part of the decision
  2. 2. Strategic Partnership Act Enhanced partnership act with Pakistan Improve the GOP’s capacity to address the country’s most critical infrastructure needs Help the Pakistani govt. address basic needs and provide improved economic opportunities in areas most vulnerable to extremism Strengthen Pakistan’s capacity to pursue economic and political reforms that reinforce stability
  3. 3. Specific programs, projectsand activities High impact, high visibility infrastructure programs ($ 3.5 billion) Focused humanitarian and social services ( $ 2 billion) Increased access to and Quality of education and health ( $ 1.5 billion) Government capacity development ( $ 2 billion)
  4. 4. Few Interesting Social Science(s) Findings Physical contact improves team performance How frequently members of NBA teams touched each other (Kraus and Huang) Strong relationship between day light saving time and lower SAT scores (Gaski and Sagarin) Do gun shows increase crime rates? (Duggan) Self control consumes glucose in the brain? ( Dewall) People that consumed glucose beverage behaved less aggressively than subjects who didn’t Extrovert leaders perform best when their employees behave passively, the effects are reversed when employees are pro-active (Grant)
  5. 5. Interesting research findings (continued) People remember information that is hard to master (Connor) The more people doubt their own beliefs , the more paradoxically , they are inclined to proselytize in favor of them (Gal and Rucker) Male chess players pursue riskier strategies when they are facing attractive female opponents , even though the risk taking didn’t improve their performance( Dreber and Gerdez)
  6. 6. CorporateGovernanceModel Environmental Scanning External ( general forces and industry analysis) Internal ( culture and resources) Strategy Formulation Mission, Objectives, Strategies and Policies Strategy Implementation Programs, Budgets, Procedures Evaluation and Control Performance and Actual resutls
  7. 7. Corporation is a mechanism established to allow different parties to contribute capital, expertise and labor for their mutual benefit Shareholders elect the directors Directors represent shareholders , establish basic policies, approve all the decisions-they oversee the top management Setting corporate strategy, overall direction and vision Hiring of CEO and top management, approval of use of resources and care for shareholders Roleand Responsibilitiesof theBoard of Directors
  8. 8. Monitor- through committees Evaluate and Influence-Management proposals and decisions Initiate and Determine-Specify strategy options Phantom- Never knows Rubber stamp-permits all the decisions Minimal review-formally reviews Nominal participation-limited degree Active participation-Approve and Questions Catalyst-Takes the leading role Involvement of theBoard in Strategic Management
  9. 9. Agency theory VsStewardship theory Agency theory  Top management have a significant degree of ownership in the firm  Top management have a strong financial stake in its long term performance  A positive relationship between corporate performance and the amount of stock owned by the directors Stewardship theory  Executive to be more motivated than their self interest  Higher order needs-achievements and self-actualization  Top management is invested in company’s long term success than short term-shareholders interests
  10. 10. Carroll’sResponsibilitiesof Business Economic Produce goods and services of value Legal Obey government laws Ethical Follow generally held beliefs about behavior in a society Discretionary Voluntary obligations- philanthropic contributions, training of unemployed, providing day care centers
  11. 11. Kohlberg’sLevelsof Moral Development A progresses through three levels of moral development The preconvention level Concern for self The conventional level Consideration for society’s laws and norms The principled level Adherence to an internal moral code Universal values and principles

×