26 May Discussion And Response
Please keep the discussion and response separated and respond to them both.
Part 1 Discussion
“Strategic Leadership” Please respond to the following:
- Compare and contrast strategic controls and financial controls. Provide specific examples of how each may be used to best serve a corporation.
- As a strategic leader, determine if you would feel ethically responsible for developing your firm’s human capital and state why. Discuss whether or not you believe your position is consistent with the majority or minority of today’s strategic leaders.
Use your research from the e-activity and CITE YOUR SOURCE.
Part 2 Response
Hi Classmates –
Strategic controls are subjective metrics that allow a business to measure whether or not its strategies are effective in providing a competitive advantage. For example, a company might analyze growth in a certain region, either internally or compared to competitors, if growth is part of the strategic plan. These controls may change over time, depending on the strategic direction or needs of the business.
Financial controls are objective measurements, that can be compared quantitatively. Examples include ROI, annual revenue, and operating expenses. These metrics can typically be compared across companies to show the overall health of the organization, and are an excellent baseline for confirming the balance between growth and costs.
As a strategic leader, I would absolutely feel ethically responsible for human capital. The reality is that working with people requires an understanding of humanity and the business impacts that decisions have on employees and communities. There are certainly times that business decisions require changes to employment, responsibilities, or even products or processes that require some streamlining. However, this can still be done in a transparent and ethical way. Unfortunately, I don’t believe that is always the case, as we’ve seen with recent Sams Club store closures and Barnes and Noble layoffs, where employees were given no notice, or opportunity to prepare. Regardless of what is professionally acceptable, I will always believe in doing the right thing, and recognizing that people’s lives are impacted by my decisions, and act accordingly.
Looking forward to your thoughts
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