Business Policy and Strategy
Just discussion, no format requirement,but need Reference.
From the 6 questions below, please choose 3 questions to answer completely.
- What must strategic leaders do to develop and sustain an effective organizational structure?
- Why are strategic and financial controls an important aspect of strategic leadership?
- Give and provide an example of corporate entrepreneurship.
- What are invention, innovation and imitation? How are these concepts interrelated?
- How do firms develop innovations internally?
- Discuss the reasons the innovations implemented by JC Penney failed (p. 436).
My major is Hospitality .
Answer preview
Question 1
Sustaining an effective organization structure in hospitality is a critical role of strategic leaders. To maintain effective organization structure strategic leaders must distribute responsibilities downward and across the organization to empower others with decision-making skills in their respective departments (Doppelt, 2017). Also, the distribution of duties enhances collective intelligence and resilience by improving wisdom on management. Strategic leaders also must create multiple avenues of raising and testing proposed ideas. Creating such platforms in the hospitality departments…
(500 words)