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CH13: Strategic Leadership and Knowledge Management

An organization’s strategy is its
Overall concept of how it will achieve its objectives
A major purpose of strategic leadership is to
Provide direction and inspiration in an organization
When a company is founded, a major strategic tasks of the founder is to
Define the purpose of the organization
In relation to an organization, systems thinking refers to
Understanding how the organization interacts with the environment.
What are 3 characteristics of strategic leadership
1. High-level cognitive ability on the part of the leader
2. Anticipating and creating a future
3. Revolutionary thinking
The recommended approach for strategy formulation by the leader is for him or her to
Involve large numbers of people
A major aspect of direction setting by the leader is to
Anticipate and create a future for the firm
Imagine yourself as the CEO of a large business firm whose sales are declining rapidly. A superior act of strategic leadership would be for you to
Give the company a new strategic direction
An important characteristic of revolutionary and contrarian thinking is strategy is that the strategy
Seriously challenges the status quo
A carefully considered vision statement
Helps us know who we are and who we are not
The purpose of a SWOT analysis is to assess
Strengths, weaknesses, opportunities, and threats
The internal weaknesses in SWOT analysis refer to the
Risks of pursuing a particular course of action
A retailer targeting poor people is an example of the strategy called
Focus
A company with a strategy of high quality typically
Combines quality with another strategy
The first-mover strategy deals with
Getting to the market first
According to the strategy called the Hedgehog concept, a company succeeds by
Becoming very good at one thing
A company engages in the brand-leadership strategy when it
Develops the reputation of its brand name
To implement the strategy of competitive advantage through hiring talented people, the company’s leadership should
High talented, well-motivated people throughout the firm
What are the 3 components of knowledge management?
1. Knowledge creation
2. Knowledge dissemination
3. Knowledge application
The most frequent activity in knowledge management is
Knowledge dissemination
To achieve best results, advanced technology for knowledge management should be
Combined with an organization culture that values knowledge management
A key part of knowledge management in organizations is
The systematic sharing information
A major responsibility of a chief knowledge officer is to
Systematically collect information
A major leadership initiative for enhancing a learning organization is to
Create a strategic intent to learn
Peter and his teammates engage in action learning when they
Learn while attacking a significant organizational problem.

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