The problems of many firms may be attributed to a “traditional” control system that failed to continuously monitor the environment and make necessary changes in their strategy and objectives. What companies are you familiar with that responded appropriately (or inappropriately) to environmental change?
Answer to relevant QuestionsHow can a strong, positive culture enhance a firm’s competitive advantage? How can a weak, negative culture erode competitive advantages? Explain and provide examples. Why is it important for managers to carefully consider the type of organizational structure that they use to implement their strategies? When are ambidextrous organizational designs necessary? What are some of their key attributes? Three key activities—setting a direction, designing the organization, and nurturing a culture and ethics—are all part of what effective leaders do on a regular basis. Explain how these three activities are interrelated. Identify two CEOs whose leadership you admire. What is it about their skills, attributes, and effective use of power that causes you to admire them?
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