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Gsl Module 1 Notes

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Submitted By surenqld
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Module Page Description
1 Strategy Set of techniques & tools for leading, managing, coordinating and making decision in times of complexity & change
Organising tools, shared language for analysing and communicating current position of Org
Means of communicating tasks of coordinating complex activities towards the goals of Org
Emergence - Changes in nature of Ownership and management, Changing and gloabliisng market conditions, New Org structures
Org vision and mission statement articulates its strategy, Org performance relative to its strategy is in performance review in Annual Report
Telstra One Factory Approach - Bringing together Operations and Management of IT System, removing duplication and complexity in system. Leadership Leadership = influence process “Follower-ship” different from management “Subordinate-ship”
Power & Influence – Power to change people’s behaviour and Influence to change their preferences
Can be exercised from any level or position within an Org
Capacity to motive and elicit employee commitment
Effective and Forward thinking Accountant Roles in Strategic Leadership

2 External Environment – Analysing an Industry Process includes – definition of ‘Industry’, Life Cycle Stage, Evolution, how factors may change their impact on future growth & profitability, what drives customers demand, Critical Success factors & how competitors compete

Gathering Data – Internet, Public Agencies & Statutory Authorities, Industry Associations, Annual Reports, IPOs, University, Consultancy Firms, Lobbying Orgs., Intelligent Assumptions.

Definition of ‘Industry’ – Group of Business producing close substitutes, Wider definitions minimises risks of missing new trends
Industry Value Chain – comprises business processes, people, organisations, technology and physical infrastructure that transforms raw material into intermediate and

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