STRATEGIC LEADERSHIP BY EXECUTIVES Case Study Example | Topics and Well Written Essays - 500 words

STRATEGIC LEADERSHIP BY EXECUTIVES - Case Study Example This involves turning strategy into needed outcomes and behaviours, conveying these goals, evaluating progress, giving feedback, and empowering the workforce (Ashby & Miles, 2002) through performance-driven incentives and penalties. Studies show that several organisations remain dependent on conventional performance determinants. Conventional tools of performance determinants intended for the economy of the industrial period, which puts emphasis on physical assets and financial strategies, are now incapable of coping with the dynamic business environment (Ashby & Miles, 2002). Hence, there is a movement away from conventional ideas so as to address the intricacy and ever-changing business environment. According to Hagen and colleagues (1998), some of the challenges CEOs face today in relation to performance determinants are great expectations from stakeholders, demands from and threat of global and local competitors, adoption of sophisticated production technology, and demands for premium and dependable products/services from consumers. In the meantime, organisational performance can also be threatened by sub-units within an organisation making decisions which are incompatible. An organisation structure, which can be either decentralised or centralised, has considerable effect on the level of non-financial and financial strategies to be integrated into the performance measurement process (Ncube & Washburn, 2006). Usually one problem confronting an organisation is that different sub-units are taking part in the general process of decision making. Irreconcilable decisions can have varying consequences for each sub-unit. Acquiring consensus from all stakeholders is a constant problem. When a firm’s general strategy relies on the decisions of all its sub-units, as stated by Bass (2007), firm-wide support is needed. Large-scale strategic planning and assessment is critical. This planning has to focus on the