Exam 11: Change Management and Strategic Leadership

Strategic leadership is a person's ability to anticipate, envision, maintain flexibility, think strategically, and work with others to initiate changes that will create a viable future for the organization.

Goal-setting theory asserts that people with ____ goals perform better than those with ____ goals.

Describe the role of strategic leadership in the strategic management process.

A ____ is an integrated, overarching plan of how an organization will achieve its objectives.

Strategic leadership must involve managers at the top, middle, and lower levels of the organization.

What are the key elements of the strategic management process?

Why is change often perceived as a win-lose proposition between leaders and followers?

The loss of market focus is a leading cause of business failures.

Effective strategic leaders are skilled at:

Identify the major reasons for resisting change.

Based on the business you selected to start in Skill-Development Exercise 1, develop a vision statement for your business.

____ has been described as the most important and difficult step of the strategic management process.

What is the difference between a strategic vision and a mission statement?

A comprehensive analysis that gives a clear and accurate assessment of prevailing conditions in the organization's internal and external environments should be a prerequisite step before any change in the management process is initiated.

Value is the ratio of costs in the present and benefits in the future.

What are the key elements of the strategic management process?

Explain the relationship between corporate goals and strategies.

Effective leaders can create psychological safety for employees who fear change by:

Resistance to change as a(n) ____ state focuses on the frustration of those affected by the change because of the fear of loss and a fear of the unknown.

Discuss people- and task-centered recommendations for minimizing resistance to change.