Michael Porter's Five Forces
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Describe Michael Porter's Five Forces for Sustained Competitive Advantage. Give an example of how it is used.
Identify and describe the four strategic leadership styles. Give your leadership style and state three advantages and three disadvantages of this style.
Define consideration and structure, and explain this statement: "A cohesive team can make consideration and structure unnecessary."
Explain this statement: "Unambiguous tasks can make structure unnecessary."
Consider this statement: "Charisma is more likely to be attributed to leaders who act in conventional ways to achieve a vision." Is the statement true? Why or why not?
Name and describe three dilemmas in assessing ethical leadership.
Discuss Robert Greenleaf's concept of servant leadership. Under what circumstances would servant leadership be warranted?
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Describe Michael Porter's Five Forces for Sustained Competitive Advantage. Give an example of how it is used.
Porter's five forces are the rivalry in the industry, which refers to competition within the industry. Barriers to entry refer to cost advantages, access to inputs, government policy, and switching costs. Threat of substitutes refers to the buyer inclination to go in for substitutes, price performance and trade off of substitutes. The buyer power refers to bargaining leverage, buyer information, and price sensitivity and buyer volume. The supplier power refers to supplier concentration, differentiation of inputs, and presence of substitute inputs. Let us consider the barriers to entry. These can be used for sustained competitive advantage. The industry is commercial aircraft manufacturing, the barriers to entry has left the industry with Boeing and Airbus in the industry. The barriers give these companies sustained competitive advantage.
Identify and describe the four strategic leadership styles. Give your leadership style and state three advantages and three disadvantages of this style.
The first strategic leadership style is the instruct style where the leader focuses on the task alone. The second strategic leadership style is that the leader focuses on the person and work combines.
The third strategic leadership style is that of a coach, in this the leader increases independence and consequently increases responsibility also. Finally, there is the delegate style in which the leader concentrates on the person.
My style is relational strategic leadership style. The three advantages of ...
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