Page 240 - DCOM506_DMGT502_STRATEGIC_MANAGEMENT

Strategic Management

Notes 5. …………………leaders have a special ability to bring about innovation and change.
6. Charismatic leaders are often skilled in the art of ………………. leadership.
7. An organisation’s culture is similar to an individual’s …………………..
8. When the acquired firm willingly surrenders its culture and adopts the culture of the
acquiring company, it is called…………………of culture.
9. An ethical organisation is driven by ethical ……………….and …………………...
10. It is a…………………responsibility of a business to adopt the citizenship approach.

12.9 Review Questions

1. Assess the value of stakeholders in an organsiation. Why is it important to manage the
stakeholders well?
2. Critically analyse the role of strategic leader vis-à-vis managerial leaders.

3. “Visionary leadership inspires the impossible: fiction becomes truth”. Substantiate
4. Discuss the three approaches to leadership. Assess the importance of each of them.
5. “An organisation’s culture is similar to an individual’s personality.” Comment
6. “There is no best or worst culture”. Elucidate

7. Suppose you are the manager of a firm that has just acquired another firm. How will you
ensure that there is good ‘fit’ between the culture and startegy of the new firm?
8. What do you mean by problem culture? How will deal with such a culture?

9. Is it necessary for an organisation to be ethical? Give your viewpoint and justify.
10. CSR is not an obligation, then why most of the successful companies engage in it?

Answers: Self Assessment

1. stakeholder matrix 2. strategic leader
3. learning 4. ethics
5. Transformational 6. visionary

7. personality 8. assimilation
9. values, integrity 10. discretionary

12.10Further Readings

Books Carter McNamara, Organisational Culture, Authenticity Consulting, LLC, 2000.
Collins, James C. and Jerry I. Porras, Built to Last: Successful Habits of Visionary
Companies, New York: Harper Business, 1994.
Edgar Schein, Jay Shafritz and J. Steven Ott, eds. 2001, Organisational Culture and
Leadership in Classics of Organisation Theory, Fort Worth: Harcourt College
Publishers, 1993.

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