How do strategic leaders manage their firm’s resource portfolio effectively to exploit its core competencies and leverage its hu

Question

Helga [31]

1 year ago

5

How do strategic leaders manage their firm’s resource portfolio effectively to exploit its core competencies and leverage its hu

man capital and social capital to achieve a competitive advantage?

Business

1 answer:

Degger [83] · Answer 1 · 2024-01-21T06:23:39+03:00

Strategic leaders manage the firm's portfolio of resources by organizing them into capabilities, structuring the firm to use the capabilities, and developing and implementing a strategy to leverage those resources to achieve a competitive advantage.

<h3>What is strategic leadership and how do you become a strategic leader?</h3><h3>Strategic leadership skills and characteristics</h3>

Key traits of an effective strategic leader include loyalty to the organization's vision, judicious use of power, transparency, effective communication, problem-solving, readiness to delegate, passion for their job, compassion, and empathy for others and self-awareness.

<h3>Why is strategic planning considered a core responsibility of an effective leader?</h3>

“Strategic planning” means planning for long-term success by continually leveraging new sources of information.

A strategy enables leaders to anticipate changes, opportunities, and challenges in the business environment that will make an impact on the future of the organization and its members.

Learn more about strategic leader here:

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