Trait Theory

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1. People are born with inherited traits.

2. Certain physical, social and personal traits are inherited in leaders.

3. People with the "right" traits must be looked when leadership roles need to be filled.

4. Normally, people that have potential as a leader will had the "right" traits.

5. However, trait theory tend to examine leadership in only one context.

6. It also assume that the traits were inherent, not learned nor developed.

Leadership

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1. There are lot of leadership theories. The early one can be divided into two; big 5 theory and

traits theory.

2. Big 5 theory normally used to measure personality. The five major personalities that been

described are listed as below:

• Extroversion - comfort level with relationship
• Agreeableness - individual propensity to defer to other people
• Conscientiousness - a measure of reliability
• Emotion stability - ability of person to handle stress
• Openness to experience - one range of interest and fascination with novelty

3. Since this is among the earliest theory, the signification sometimes is not correlated.

Organization

1. Organization can have multiple level of administrative and management.

2. But it will means nothing if it's been topped by monkey and dog.

3. Looks good in books but not in reality.

4. Sorry.

Strategic Planning

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Lots of firm know what is strategic management and what is strategic planning. But most of them, just ignore the importance of strategic planning. Why? Here I listed few points that contribute as a cause.

Why NO Strategic Planning

• Lack of knowledge of strategic planning
• Poor rewards structures
• Fire fighting environment
• Waste of time
• Too expensive to implement
• Laziness
• Complacency

However, if strategic planning been done in a right ways, it can turn to be very effective and will benefited the firm. Effective strategic planning must consists few elements as below:

• People process > paper process
• Words supported by figures
• Simple and non-routine
• Challenging assumptions
• Underlying corporate strategy

Strategy

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Can I conclude it as 3 process of strategy? Whatever it is, it still the 3 steps that need to be done by strategist out there when doing strategy planning.

Strategy Formulation

• Vision & Mission
• External opportunities and threats
• Internal strengths and weaknesses
• Long term objective
• Alternative strategies
• Strategy selection

Strategy Implementation

• Annual objectives
• Policies
• Employee motivation
• Resource allocation

Strategy Evaluation

• Internal review
• External review
• Performance measurement
• Corrective action

As for strategists, the data that had been gathered, need to be analysed and organised. Otherwise, it will bring no value to the data itself.