Assignment: Chief Executive Officer (CEO) Paper
INSTRUCTIONS - PLEASE READ CAREFULLY BEFORE RESPONDING.
Need a paper for the leadership role of a Chief Executive Officer. This paper is for a United States University and should be written in good, clear and concise English.
Your answers should demonstrate your understanding of strategic management and leadership theories. You should not only incorporate references to class discussions and learning topics but also cite at least two relevant scholarly resources on strategic leadership, such as many of those listed in the reference list of your course readings. References are listed below.
a) What values do you think are most important in a CEO? Why are they important?
b) Identify a CEO in the United States who has those values. How have those values played a role in the company's success?
c) What are the major barriers to being an effective CEO?
d) Which theory or theories of leadership do you feel are relevant to your situation at work?
e) Describe an instance when you demonstrated leadership. This can be a generic statement.
The report should be six to seven pages, excluding cover page, executive summary, reference list, and appendices. Any tables, graphs, and figures should be included as appendices. Your report should have one-inch margins and be double spaced in 12-point Times New Roman font. In-text citations and references should abide by APA format. The report should be organized using headings and subheadings to improve its readability.
Strategic Leadership
Strategic leadership is concerned with managing a company's resources, including its strategy-making process, to create and sustain competitive advantage. An increased interest in strategic leadership reflects the need to understand how executives respond to rapid technological and social change and increasing international competition to lead their companies and outperform competition.
There are three important responsibilities for strategic leadership in an organization: (i) monitoring the external environment to identify threats and opportunities, (ii) formulating strategy, and (iii) implementing the strategy for the future prosperity of the organization. (Narayanan, Zane, &Kemerer, 2011; Porter, 1980).
The following guidelines are based on research and practitioner insights (Bennis &Nanus, 1985; Kotter, 1996; Nanus, 1992; Narayanan, Zane, &Kemerer, 2011; Wall & Wall, 1995; Worley, Hitchin, & Ross, 1996):
a. Determine long-term objectives and priorities.
b. Learn what clients and customers need and want.
c. Learn about the products and activities of competitors.
d. Assess current strengths and weaknesses.
e. Identify core competencies.
f. Evaluate the need for a major change in strategy.
g. Identify promising strategies.
h. Evaluate the likely outcomes of a strategy.
i. nvolve other executives in selecting a strategy.
These guidelines focus on understanding the environment that determines need for strategic change, the performance determinants, and ways leaders can influence these performance determinants (Cannella & Monroe, 1997). "The theory and research on leadership has long recognized that effective leaders empower others to participate in the process of interpreting events, solving problems, and making decisions" (Argyris, 1964; Likert, 1967).
Events and industry trends are often not well defined. They pose multiple alternatives and choices. Successful strategic leadership, therefore, requires ability to manage ambivalence and to give an organization a sense of direction. Leaders create a clear and compelling vision of where the organization should go, and energize people by eloquently communicating this vision to make it a part of the organization culture (Wesley & Mintzberg, 1989).
Format your assignment according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.
References
Argyris, C. (1964). Integrating the individual and the organization. New York: John Wiley.
Bennis, W. G., &Nanus, B. (1985). Leaders: The strategies for taking charge. New York: Harper & Row.
Cannella, A. A., Jr., & Monroe, M. J. (1997). Contrasting perspectives on strategic leaders: Toward a more realistic view of top managers. Journal of Management, 23(3), 213-237.
Kotter, J. P. (1996). Leading change. Boston: Harvard Business School Press.
Likert, R. (1967). The human organization: Its management and value. New York: McGraw-Hill.
Nanus, B. (1992). Visionary leadership: Creating a compelling sense of direction for your organization. San Francisco: Jossey-Bass.
Narayanan, V. K., Zane, L. J., &Kemerer, B. (2011). The cognitive perspective in strategy: An integrative review. Journal of Management, 37, 305-351.
Porter, M. E. (1980). Competitive strategy. New York: Free Press.
Wall, S. J., & Wall, S. R. (1995). The new strategists: Creating leaders at all levels. New York: Free Press.
Worley, C. G., Hitchin, D. E., & Ross, W. L. (1996). Integrated strategic change: How OD builds competitive advantage. Reading, MA: Addison-Wesley.