Nimble CEOs need social networks Strategic flexibility boosted by gaining knowledge

Nimble CEOs need social networks Strategic flexibility boosted by gaining knowledge Purpose – The purpose of this paper is to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Quick thinking, an ability to react swiftly to changing circumstances, knowing what to do immediately when faced with a challenging situation. What company can afford to have a CEO who does not fit that description? But how do those in the top job stay alert to unstable, dynamic environmental conditions? How do they gain the knowledge and expertise they need to act nimbly in the best interests of their organization? How do they ensure their firms embrace strategic flexibility and what is their role in fostering it? These are questions which an organization cannot ignore if they accept that their CEO is one of their most powerful actors and chief decision maker. Practical implications – The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to digest format. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Direction Emerald Publishing

Nimble CEOs need social networks Strategic flexibility boosted by gaining knowledge

Strategic Direction, Volume 29 (6): 3 – Jan 1, 2013

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Publisher
Emerald Publishing
Copyright
Copyright © 2013 Emerald Group Publishing Limited. All rights reserved.
ISSN
0258-0543
DOI
10.1108/SD-05-2013-0020
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Quick thinking, an ability to react swiftly to changing circumstances, knowing what to do immediately when faced with a challenging situation. What company can afford to have a CEO who does not fit that description? But how do those in the top job stay alert to unstable, dynamic environmental conditions? How do they gain the knowledge and expertise they need to act nimbly in the best interests of their organization? How do they ensure their firms embrace strategic flexibility and what is their role in fostering it? These are questions which an organization cannot ignore if they accept that their CEO is one of their most powerful actors and chief decision maker. Practical implications – The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to digest format.

Journal

Strategic DirectionEmerald Publishing

Published: Jan 1, 2013

Keywords: Chief executives; Social networks; External social networks; Strategic flexibility; Strategic orientation; Flexibility

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