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Team Characteristics A team consists of two or more people who work interdependently over some time period to accomplish common goals related to some task-oriented purpose. A special type of “group.” The interactions among members within teams revolve around a deeper dependence on one another than the interactions within groups. The interactio...

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Strategic Leadership Leadership is the process of transforming organizations from what they are to what the leader would have them become. Successful leaders are Proactive – dissatisfied with the status quo Goal oriented – visualizing successful futures Focused on the creation & implementation of a creative vision – understanding the process

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Organizational Structure Organizational structure refers to formalized patterns of interactions linking Tasks Technologies People Structure provides a balance between The need for division of tasks into meaningful groupings The need to integrate these groupings for maximum efficiency and effectiveness

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Ability The relatively stable capabilities people have to perform a particular range of different but related activities In contrast to skills, which are more trainable and improvable As with personality, about half of the variation in ability levels is due to genetics

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Personality The structures and propensities inside a person that explain his or her characteristic patterns of thought, emotion, and behavior Where does your personality come from?

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Strategic Control Strategic control involves monitoring performance toward strategic goals and taking corrective action when needed via effective systems: Informational control systems Behavioral control systems Corporate governance

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Learning Defined Permanent changes in an employee’s knowledge or skill that result from experience Employees learn two types of knowledge: Explicit - easy to communicate and teach Tacit - more difficult to communicate; gained with experience

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International Strategy Globalization has to do with the rise of market capitalization around the world: International exchanges have increased Trade in goods & services Exchange of money, information, & ideas Laws, rules, norms, values, and ideas are growing more similar across countries Challenges include balancing between emerging markets ...

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Trust Defined The willingness to be vulnerable to an authority based on positive expectations about the authority’s actions and intentions Trust = willing to be vulnerable Risk = actually becoming vulnerable

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Making Diversification Work Diversification initiatives must create value for shareholders through Mergers and acquisitions Strategic alliances Joint ventures Internal development Diversification should create synergy

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