The general conditions for competition that influence all businesses that provide similar products and services.
Havard professor Michel E.Porter propelled the concept of industry environment into the foreground of strategic thought and business planning. The cornerstone of his work first appeared in the Havard Business Review, in which Porter explains the five forces that shape competition in an industry. His well-defined analytic frame-work helps strategic managers to link remote factors to their effects on a firms operating environment.
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- Leader's Passion
A highly motivated sense of commitment to what you do and want to do.
- Changed agent
Organizational changes often need someone to act as a catalyst and assume the responsibility for managing the change process-that is, a
Special complications confront a firm involved in the globalization of its operation. Globalization- the strategy of approaching worldwide markets with standardized products.
Proxy is a document that expresses a stockholder’s voting intentions on corporate matters when he or she cannot attend the annual meeting.
- Functional authority
Functional authority is the authority to make decisions on specific activities that are undertaken by personnel in other departments.
- Golden Handcuffs
A form of executive compensation is deferred.
- Transformational leader
Transformational leader- who stimulates and inspires (transforms) followers to achieve extraordinary outcomes. Examples include