MBA718 Strategic Leadership and Practice: Strategic Decision Making

Nonetheless,  strategic  leadership  is  vital  for  strategic  decision  making because of the strength of having a short and long term focus on organisational objectives and goals.  Management needs to be  aware of the various characteristics that influence decision making and develop deliberae structural  frameworks  that  derive  optimal  results  from  the  aspects.  For instance, the experience of employees is critical in decision-making, but an organisation that only employees or have highly experienced employees may indicate that they have a concentration of mature employees. They may be missing out on not having a mix of young, not so experienced leaders. Such a  team  may  be  more  conservative  than  risk-taking  or  may  not  quickly 

respond to innovation.  

The  paper  then  closes  by  applying  the  theory  to  a  real-life  example  of  a decision recently taking in my organisation. The example given reveals some of the characteristics that influence the decision. It shows that my organisation is adequately calibrated to make effective strategic decisions.  

    

2.0 Top management and the strategic decision-making process  

2.1 Top Management and decision making  

  

Top  management  represents  organisational  leaders  that  are  responsible  for controlling and overseeing the whole organisation. Top-level management is responsible for developing goals, strategies, plans, policies, deciding on the direction  of  the  business  and  mobilising  external  resources  such  as  debt instruments or other forms of capital. Leadership is a process of continuous influence  between  leaders  and  followers  through  which  objectives  are achieved through change (Lussier and Achua, 2015). Meaning it is through leadership  that  employees  are  motivated  to  achieve  organisational  goals (Daft  and  Lane,  2008).  Additionally,  it  is  imperative  that  decision  making becomes a critical component in the success of any organisation. Top-level management decisions are three-fold cascading from strategic to tactical and operational  decisions.  Effective  implementation  of  any  of  these  decisions rests on the leadership style adopted by an organisation.  

 

An  individual’s  assessment  of  risk  and  the  likelihood  to  take  risk  will influence strategic decision making. By nature, some people are risk-takers, while others are risk-averse. Singh  Amarjit  and  Jampel  Gempo  (2010)  argued  that  becoming  older amongst  engineers  resulted  in  making  less  risky  decisions  with  a  desire  to avoid  conflict.  This  is  a  view  shared  by  many  phycologists  who  state  that ageing  may  affect  decision-making  performance  and  sometimes  leads  to  a reduction in cognitive functions.   

 

Position in the organisation may mean power. The more position power and control the easier it is to lead and communicate the vision to the employees. At  whatever  level  a  manager  is  operating  in  the  organisation,  operational, tactical  or  strategic; they  ought  to  have  adequate  position  power  to  ensure that they carry out their leadership roles effectively.  The final action plan had the following key milestones Build  internal  capacity  on  green  finance  and  climate  change  through training, workshops, research, and collaboration with other regulators.  

Prepare  a  concept  note  explaining  the  need  for  commitment  to  the Sham El Sheik Accord of September 2017 on green finance and climate change. Subject the concept note to peer review. Seek support from sponsoring departmental head Present the concept paper to the Executive. Present  concept  paper  to  seek  endorsement  from  the  Ministry  of Finance. 

Discuss the concept note with the private sector, including associations such as the Bankers Association of Zambia (BAZ) and Zambia Chamber of Commerce and Industry (ZACCI). Develop  the  Bank  of  Zambia  Policy  on  Climate  Change  and  Green Finance.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.