Strategic Management: Strategic Managment

Gregory G. Dess, University of Texas at Dallas
G.T. Lumpkin, University of Illinois--Chicago

Effective Strategic Leadership: Creating a Learning Organization and an Ethical Culture

Summary Review Questions

1. Three key activities—setting a direction, designing the organization, and nurturing a culture and ethics—are all part of what effective leaders do on a regular basis. Explain how these three activities are interrelated.

2. The knowledge a firm possesses can be a source of competitive advantage. Describe ways that a firm can continuously learn to maintain its competitive position.

3. How can the five central elements of "learning organizations" be incorporated into global companies?

4. What are the benefits to firms and their shareholders of conducting business in an ethical manner?

5. Firms that fail to behave in an ethical manner can incur high costs. What are these costs and what is their source?

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