Implications of Investor Behaviour on Corporate Strategy and Performance Free Essay Example, 2000 words

It is evidently clear from the discussion that investors can have a critical role in the development of corporate strategies. In fact, they are the investors that decide on all the critical issues that a corporation has to face. The increased power of investors within modern corporations has been explained using the following arguments: a) investors have key interests on their corporation; their participation in the key corporate decisions should be regarded as quite satisfied since they are their interests that are in risk. However, this view could be opposed as follows: investors are not the only individuals who have interests on a particular corporation; employees, customers, suppliers and even the state have interests on the relevant corporation (in the context of their role as stakeholders). For this reason, all the above persons should also have access along with the investors to the meetings involved in key strategic decisions (Morgan et al. 2010), b) through another point of view, corporation, as any other organization, needs to be governed in accordance with a specific strategy; the application of the corporate mission and aims as included in the corporate mission statement needs to be closely monitored on a continuous basis. We will write a custom essay sample on Implications of Investor Behaviour on Corporate Strategy and Performance or any topic specifically for you Only $17.96 $11.86/pageorder now Investors should have the role of the control of the corporation ensuring that all key strategic targets are effectively pursued (Orhangazi, 2008). It is in this context that key corporate decisions are set for verification by the meeting of shareholders, a term commonly included in the memorandum of association. Despite the above issues, it could be noted that the involvement of investors in corporate strategy can have important implications. At the first level, investors are individuals and can be influenced by their personal perceptions. This means that when being asked to participate in the development of a critical corporate decision, investors are expected to express their view, as being aligned with their perceptions on the issues under discussion.

Hw1 Solution Essay - 1317 Words

Econ3101 - Section 006 Intermediate Microeconomics Xavier Vinyals-Mirabent Due: Wednesday, February 1st, 2012. Solutions to Homework 1. 1 1. A consumer has preferences for two goods. Her preferences satisfy Axioms 1 through 4 as discussed in class. A v D v 10 E v 5 C v B v 0 0 5 (a) Plot and label the following bundles: A (2,10) B (6,2) C (0,4) D (8,10) E (4,6) (b) Assume A is indiï ¬â‚¬erent to B (A ∠¼ B). On a single line, list all the bundles in descending order of preference using ( ) to denote strict preference and (∠¼) to denote indiï ¬â‚¬erence between adjacent pairs. In other words, use the form: A B C D E Answer: D E A∠¼B C, or D E B∠¼A C. 10 2 2. Consider an economic agent who has preferences that are represented†¦show more content†¦Figure 1: Jeremy Bentham 100  ¨  ¨Ã‚ ¨  ¨ 75 50 25 0  ¨  ¨Ã‚ ¨ s d  ¨  ¨Ã‚ ¨ d  ¨  ¨Ã‚ ¨ d ¨  ¨  ¨Ã‚ ¨  ¨ d  ¨  ¨Ã‚ ¨  ¨Ã‚ ¨ d  ¨Ã‚ ¨  ¨  ¨  ¨Ã‚ ¨  ¨d  ¨  ¨Ã‚ ¨ d  ¨Ã‚ ¨  ¨Ã‚ ¨  ¨ d ¨  ¨  ¨Ã‚ ¨  ¨Ã‚ ¨  ¨Ã‚ ¨ d  ¨Ã‚ ¨  ¨Ã‚ ¨  ¨ d  ¨  ¨  ¨  ¨Ã‚ ¨ d  ¨  ¨Ã‚ ¨ d  ¨  ¨  ¨  ¨  ¨Ã‚ ¨  ¨  ¨Ã‚ ¨  ¨Ã‚ ¨  ¨Ã‚ ¨  ¨  ¨  ¨Ã‚ ¨ 0 25 50 75 100 Figure 2: John Stuart Mill 100 r r r 75 50 25 0 rr r rr r r rr rr rr r rr rr r r rr r rr r rr r rr rr r rr rr r r rr r r r r rr  © r rr r rr r r rr r rr rr rr rr rr r rr r 0 25 50 75 100 8 6. I’ve been told I have odd tastes. I thought about this and realized that: †¢ If I have more Y than X, then I always trade 5 Y for one X. †¢ If I have more X than Y, then every time I give up one Y, I require 5 X to remain indiï ¬â‚¬erent after the exchange. (a) Plot and label the following bundles and then graph my indiï ¬â‚¬erence curves through each of these points. A = (10,50) B = (50,50) C = (65,5) (b) Please tell me the value of my: Marginal Rate of Substitution at point A =5 Marginal Rate of Substitution at point C =1/5 100 h hh h h h h hh h h hh h hh h hh h hh h hh h hh h hh h hh h hh h h hr A B r hÂâ€"Ââ€" Ââ€"Ââ€"Ââ€" hh Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" hh Ââ€"Ââ€"Ââ€" Ââ€" hh hh hh hh hh hh hh hÂâ€" Ââ€" hÂâ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" C r Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€"Ââ€"Ââ€" Ââ€" Ââ€" Ââ€" 75 50 25 0 0 25 50 75 100 9 7. Britney S. has a divided mind. Her preferences change drastically according to how much X andShow MoreRelatedComp3511 Hw1 Solution1136 Words   |  5 PagesFall 2011 COMP 3511 Homework Assignment #1 Solution Handout Date: Sept. 22, 2011 Due Date: Oct. 6, 2011 Name: ______________ ID: ___________________ E-Mail: _____________ COMP 3511 L __ Please read the following instructions carefully before answering the questions: ï  ¬ You should finish the homework assignment individually. ï  ¬ There are a total of 4 questions. ï  ¬ When you write your answers, please try to be precise and concise. ï  ¬ Fill in your name, student ID, email and Section number at the topRead MoreSP15 SCM 305 Syllabus1256 Words   |  6 Pageshomework is assigned. Copies of homework solutions will be placed in the Help Room (103E SUM) and on Blackboard. No late homework submission will be accepted after the solutions are made available. All homework assignments shall be submitted in class. Do not submit your homework on blackboard! Grading for each homework assignment will be based on 3 points for procedure (as indicated above), 2 points for clarity, and 15 points for the analysis and solutions. If you have questions concerning your homeworkRead MoreQuestions On Advanced Discrete Math And Algorithms1916 Words   |  8 PagesFall 2016 Homework 1 Solutions Author: Aditeya Pandey, Collaborators: Micha Schwab,Supraja Krishnan †¢ Problems 1-3 are meant as a review of undergraduate discrete math and algorithms. They shouldn’t take you too long, but I recommend starting these right away to make sure that you have the appropriate background for this course. †¢ You must type your solutions using L A TEX. Please submit both the source and PDF files using the naming conventions lastname hw1.tex and lastname hw1.pdf. †¢ Strive for clarityRead MoreInvestment Analysis Course4863 Words   |  20 Pagesand Review Exam 1 Risk and Return Risk and Return Efficient diversification Efficient diversification CAPM and APT 1, 2, 3, 4, 9 5 5 6 6 7 HW 4 due Excel case 1 due 4 HW 3 due Chapter Homework and Excel cases (required) 1 2 2 3 3 9 9 9 4 HW2 due HW1 due 11/10/11 11/15/11 11/17/11 11/22/11 11/24/11 11/29/11 12/01/11 12/06/11 12/08/11 12/13/11 12/15/10 CAPM and APT Efficient markets Wrap up and Review Exam 2 Thanksgiving (no class) Equity valuation Equity valuation Macroeconomics and industry

According To The Data From A Statistic Done By The Canadian

According to the data from a statistic done by the Canadian center of substance abuse, in 2004 to 2012 the initiation age of alcohol use has delayed from 15.6 years old to 16.2 years old. The thought alone of thinking that a 15-year-old child might be consuming drugs and drinking alcohol would sound terrifying and concerning to most parents. Though the improvement of 0.6 years is admirable, it does not change the fact that the legal age is still far from the age most adolescents begin to consume alcohol. The causes for substance use are everywhere. Some might say way to use drugs and alcohol to hide their emotions or it could be a form of socialization. Socialization is a life long process what we all go through by which we create our†¦show more content†¦Therefore, the research question driving this paper is; Is there a relationship between substance abuse and adolescent self-esteem? REVIEW OF THE LITERATURE The three reoccurring themes that are covered and will be discussed are; Parental-Adolescent Conflict, Peer Relationships, and Satisfaction. Parental Behaviour. The vast majority of researches focuses on the between the parent-child relationship. Most researches mentions that the parent and child relationship is factor always present in many cases of adolescent substance use (Caughlin et al. 2004; Henry et al. 2003; Jones et al. 1998; Slicker et al. 2004.). Though the parental involvement is a common factor between all of the articles, the approach in how they affect adolescents differ between articles. All of the four articles focused about the withdraw and demand between parent and child, while the other one also focuses on the child imitation of their parents based how they act. Henry et al. (2003) found that adolescents with parents who employ authoritative parenting, in which parents show high levels of support and use logical reasoning to exercise control, used alcohol more rationally compared to the adolescents with parents who use more of an authoritarian approach, which favors or enforces strict obedience and hig h demands but low responsiveness. Because of the poor communication brought by an authoritarian approach, theShow MoreRelatedAboriginal People Represent The Fastest Growing Population1543 Words   |  7 Pagespeople represent the fastest growing population in Canada. We have heard this numerous times and statistical data will confirm this fact. Canada’s Aboriginal population increased by 20.1% between 2006 and 2011, compared with 5.2% for the non-Aboriginal population (Statistics Canada, 2012). Aboriginal leaders make mention to the Indigenous population growth many times when urging the Canadian government to make changes to policies in order to address this reality. In particular the Federal governmentRead MoreSecondary Data And Sales Potential848 Words   |  4 PagesSecondary Data Sales Potential In order to accurately predict sales potential, the measurement of market size in which the product will be introduced is a vital factor in the initial marketing process. An analysis of the relating demographic factors, market trends, and competitor market share should be executed to achieve this. The following secondary data and market research will allow for one to determine how, when, and to whom the Skarp Razor should be launched into the current Canadian consumerRead MoreMarketing Research Tools Essay1215 Words   |  5 Pagesselected tools available. Team C will choose to show the reader that tool is the most applicable and which tool is the least applicable. With this to be read and evaluated the team asks the reader to self evaluate what he or she thinks should be done in this situation. After reading and applying this idea to the reader’s sense of understanding, how did the reader evaluate this to be so and how will the team of six strive to learn more to overcome difficulties and situations that could arise withinRead MoreVoting Is A Staple Of Our Society911 Words   |  4 PagesPrior to the elections of Canada in 2015, I was conversing with a friend of mine apropos the arising issues that might affect us as Canadian citizens. My friend was telling me how she was distraught by Prime minster Harper’s policies and ideals. I explained to her how she can take a stance through the upcoming elections but she disagreed and explained to me how she thinks her voice will not make a difference. She went on a rant expressing how many of her friends do not believe in voting. The issueRead MoreThe True Nature Of The Canadian Charter1485 Words   |  6 PagesThe True Nature of the Canadian Charter As Canada continues to socially progress, the Charter has made Canada struggle to become a more just society. The Charter as part of the evolution of the constitution does not suddenly place Canada in a brighter light where justice is eminent and achieved easily for society as a whole. Likewise, the method of appointing judges to the Supreme Court of Canada (SCC) has forced the judicial interpretation of the Charter to be perceived negatively by the rest ofRead MoreBenchmarking Is A Part Of Total Quality Management1483 Words   |  6 Pageswith the practices and processes of other organizations. According to Amerinet Inc. (n.d.), benchmarking can be done internally, externally, or a combination of both. Internal benchmarking involves comparing processes and operations within an organization. Competitive benchmarking is the comparison of processes, products, and services to competitors. Functional benchmarking allows the comparison and adoption of processes and practices from different industries as long as the functions are similarRead MoreEssay On Youth Crime1490 Words   |  6 PagesIntroduction The criminal activities done by youth who are under age of eighteen is called youth crime. There are many types of crime which are done by youth. Property crime, drug offences, violent crime, common assault, mischief, break and enter, sexual assault, robbery all are included in crimes that youth mostly do. Mostly youth commit crime by involving more than one person. In this paper, I will discuss different type of crime that youth do, how Parental status effect youth to commit a crimeRead MoreNotes On Rights And Freedoms1142 Words   |  5 PagesRights and Freedoms On November 19, 2015, the Hamilton police Chief Glenn De Caire said that he did not yet get the chance to see the data from his officers showing that majority of the people who get street checked frequently are visible minorities. This data was released to CBC Hamilton under a Freedom of Information (FOI) request, and it showed shocking statistics. Out of 134 people who have been stopped over three times in one year for street checks, 126 were aboriginal people and visible minoritiesRead MoreThe Debate Over the Idea of Drilling for Oil in the Arctic National Wildlife Refuge1480 Words   |  6 Pagespretty compelling arguments for their beliefs. As of February 1, 2000, the United States has imported roughly 10.5 million of barrels of oil a day. This translates to about 55 to 56 percent of the 19.3 million barrels U.S. citizens consume daily. According to experts and politicians, this dependence on foreign oil is damaging the energy industry in America as well as decreasing the amount fluidity we have in foreign markets. And the ever increasing need for oil has only lead to further importingRead MoreThe Effects Of Health Information Levels On Postpartum Depression1545 Words   |  7 Pagesunderstood. What is meant by health information levels? The reader must examine the article further to understand if this health information is provided, or does the article refer to the level of health-related knowledge each participant already possessed from another source, such as their career or education. Furthermore, the article doesn’t state a population. It would be helpful to the reader to know who is experiencing postpartum depression (PPD). For example, is the PPD experienced by teenagers, first-time

The Mathematics Of Blood Alcohol Concentration - 1801 Words

The Mathematics of Blood Alcohol Concentration As I approached my sixteenth birthday, I began to study for my G1 written test in order to receive my drivers’ licence. While doing a practice test, I came across a statistic that stated, â€Å"In the United States in 2013, it was estimated that 10 076 people were killed in crashes that involved one or more drunk drivers and 290 000 people were injured in these accidents †. I had heard a variation of this statistic many times, however I didn’t truly grasp the magnitude of these numbers until I began to reflect on the effects of driving under the influence. As a potential new driver, I was concerned about the use of alcohol while driving so I began to wonder how toxins, specifically alcohol, react within our bodies. I also wondered how, or even if, this interaction could be represented through the use of mathematical analysis. In my research I discovered for myself a field known as pharmacokinetics, which is a branch of pharmacology that deals with the interactions of drugs in our bodies. In pharmacokinetics, the interaction of alcohol with the body can be visually represented using a concentration-time graph, where the concentration can be graphed as a function with respect to time in hours. The concentration in this case refers to Blood Alcohol Concentration (BAC), which is the amount of alcohol in 100 mL of blood with units, mg/100mL, or often expressed as a percent. BAC is a means by which doctors can determine a person’sShow MoreRelatedHow Does Exercise Improve Brain Health And Function?1484 Words   |  6 Pageswall (something blank) to increase attention on words. While reading focus completely on the real writing on pages, imagining a tone is playing from every letter on the page. A person needs to play other games that demands mental manipulation and concentration. Add numbers while seeing addresses when driving along buildings and try to multiply them. A person needs to reflect on every part of what the reading is all about. Focus is bound to increase when more attention is poured on the read subject. ApplyingRead MoreThe Effects Of Video Games On Adolescents And Adults Alike1648 Words   |  7 Pagesin them. Many video games teach adolescents positive and prosocial behavior. Video games have a positive influence on children as they serve as an outlet for teens to relieve stress and anger, help exercise children’s fundamental skills such as mathematics and comprehension, as well as allows players to collaborate in order to reach a common objective. Video games first found its foothold in 1972 upon the release of the popular Atari game, Pong. Although, it was not until the Columbine tragedy inRead MoreEssay on Characteristics that Accompany Fetal Alcohol Syndrome1764 Words   |  8 PagesCharacteristics that Accompany Fetal Alcohol Syndrome There are different characteristics that accompany fetal alcohol syndrome or FAS in the different stages of a childs life. At birth, infants with intrauterine exposure to alcohol frequently have low birth rate; pre-term delivery; a small head circumference; and the characteristic facial features of the eyes, nose, and mouth (Phelps, 1995). Some of the facial abnormalities that are common of children with FAS are: small head size, smallRead MoreA Cell Bio Problem Set 11411 Words   |  6 Pagesand Chemistry and with our increased understanding of the biological sciences we understand the complex relationship of all three of these sciences in living systems. Each science is inherently dependent on another: BiologyïÆ'   ChemistryïÆ'   PhysicsïÆ'   Mathematics. Do you think there are peculiar properties of living systems that disobey the laws of physics and chemistry? Chemistry and Physics are our understanding on how the natural laws and forces are at work in our Universe. If these laws are consideredRead MoreBanning Drinking While Pregnant Essay1838 Words   |  8 Pagesold use alcohol, and slightly less than one-third of women who drink alcohol in this age group binge drink. Excessive exposure to alcohol during pregnancy can inflict serious, permanent physical and mental damage on her child like Fetal Alcohol Spectrum disorders (FASDS), Fetal Alcohol Syndrome (FAS), miscarriage, and premature birth. Although men are more likely to drink alcohol, and drink in larger amounts, gender differences in body structure and chemistry cause women to absorb more alcohol, andRead MoreAdolescence Is A Special Stage Of Development1685 Words   |  7 Pagesmature enough to deal with this. 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Probably the largest positive that comes out of a kid learning howRead MoreNcfe Level 2 Certificate in the Principles of Dementia Care.2763 Words   |  12 Pagesexpress language | Parietal lobe | * Inability to attend to more than one object at a time * Inability to name an object * Problems with reading, writing and drawing * Difficulty in distinguishing left from right * Difficulty with doing mathematics * Lack of awareness of certain body parts and/or surrounding space that can lead to difficulties in self-care * Difficulties with eye and hand coordination | Temporal lobe | * Difficulty in recognising familiar faces * Difficulty in understandingRead MoreBook to Study English for Chemistry12934 Words   |  52 Pagestrade celestial objects water rocks and soil society and social behaviour 2. What is the difference between economy and economics? 6 3. Can biology be further subdivided? 4. Put the branches of science into the following 4 main groups. I. Mathematics and logic - not based on experimental testing but they can be considered a part of science because they are essential tools in almost all scientific study. II. Physical science - examines the nature of the universe III. Life science - also calledRead MoreCommunication Disorders7061 Words   |  29 Pagesneurological learning difficulty that also affects the learning of language skills. It is characterized by an impaired ability to manage verbal codes in memory and difficulties with writing, spelling, and reading. Other symbolic functions, such as mathematics and musical notation, can also be affected. †¢ †¢ Terms Describing Expressive Aphasia Term Adynamia Agrammatism Anomia Circumlocution Echolalia Jargon Logorrhea Neologism Paragrammatism Phonemic paraphasia Semantic paraphasia Stereotypes

Mythology Midterm - 901 Words

Compare any two myths from different regions; focus on similarities with epic heroes or similar creation myths. I’m going to compare the Enuma Elish, the Babylonian creation myth to the Creation of Titans and the Gods, the Greek creation myth. The first similarity between the two is pretty obvious; they are both creation myths. All of the gods in both myths are related to some part of the naturalness of the earth. For instance, god of the sky (Zeus, Anu), god of the waters (Apsu, Tiamat, Poseidon), ETC. In both myths the storyline as a whole is the same, the details are what differ. The fathers are afraid of their children overthrowing them. Each father devises a plan to rid themselves of the threat by getting rid of the children.†¦show more content†¦He never did the selfish things that his father did and he did everything he could to correct the mistakes his father made for his mothers happiness. The one thing that I don’t really like about him is the affai rs he had. I believe he should have been faithful to his wife, but I wouldn’t say he was any less of a god for doing it. Other than the unfaithfulness, there isn’t anything else I could say that I dislike about him. I definitely think a lot can be learned from Zeus. He was very skilled in making good decisionsand keeping his people safe. Any good â€Å"ruler† could read about Zeus’ leadership and learn something from it! *Re-examine your examination ( Q*#3), does this model of behavior reveal anything about the culture from which it originates? The Greeks were an earth based culture therefore; they placed different Gods in charge of different aspects of life, Zeus being the lord of the sky/rain god. The gods/heroes entered all parts of Greek society, domestic affairs, civic organization, gender, agriculture and war. The Greeks tried their best to always please the gods live by their rulings in fear of upsetting them. 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Beowulf

Beowulf- A Noble King Essay Beowulf- A Noble King Beowulf A Noble King The epic poem Beowulf describes the noblest king of the Anglo-Saxon times, Beowulf. Beowulf is a man who demonstrates all the good qualities of a king, this can be seen by just looking at what he has accomplished. Beowulf is a man who was loyal, powerful, and charitable. Beowulf was loyal to his promises and his country. When he decides to kill Grendel for King Hrothgar he doesnt back down even after the stories hes heard. After he has killed him the Danes still need him, so he kills Grendels mother. He was very dedicated to what he did and he never gave up. We crossed the sea to come here; it is time to return, to go back to our beloved lord, Higlac. (1818-1820). After he has killed the monsters and earned glory he knows he must go back to his country, because that is where he belongs and who he represents. Towards the end he proves his love for the Geats when he faced the fire-blowing dragon. Deep down he knows this will be his last fight, but he does it for the good of his country, A noble king has also got to be powerful something which he proves by killing numerous times. Beowulf is strong enough to kill Grendel, who has been terrorizing the Danes for a long time, by using only his hands and ripping off Grendels arm. Defeating Grendel, he shows that a man, without armor and weapons, can defeat evil in any form. When Beowulf is fighting Grendels mother, who is seeking revenge on her sons death, he is able to slay her by slashing her neck with a sword that can only be lifted by a person as strong as Beowulf. When Beowulf fights the fire- blowing dragon he knows this will most likely be his last battle, nevertheless he doesnt give up. With a little help from his cousin he kills it. And Beowulf drew his battle-sharp dagger: the blood-stained old king stll knew what he was doing. Quickly, he cut the beast in half, slit it apart. It fell, their courage had killed it . . . (2702-2706). Beowulf was a very charitable man. He gave treasure whenever possible. Beowulf has brought his king horses and treasure-as a man must . . . And Beowulf gave Welthows gift, her wonderful necklace, to Higd, Higlacs queen . . . (2165/2172). This demonstrates that after he got the treasures for killing Grendel he went back to his country and gave them the treasures that were his. After he had became king he gave his men treasures, armor and swords. These were all gifts to them because they said they would always stand up for him and their country. Then that brave king gave the golden necklace from around his throat to Wiglaf, gave him his gold-covered helmet, and his rings, and his mail shirt, and ordered him to use it well . . . (2809-2813). He gave his most precious belongings to his cousin when his death was near. Beowulf is the prime example of a noble king. His bravery and strength surpass all mortal men. He gave all that he could for his people. There could not have been a more nobler man or king than Beowulf. He achieved glory very early on in his life. He set a noble example for all human beings, relating the necessity of brotherhood and friendship.

Role of Strategic Leader-Free-Samples for Students-Myassignment

Question: Discuss about the Role of a Strategic Leader in High Firm Performance. Answer: Introduction A strategic leader is described as a person who provides direction and vision for purposes of success and growth of an organization. Firm performance is the ability of an organization to demonstrate its success using high-level strategies to meet beat the market competition. The strategic leader conceptualizes a vision and wisely converts all other members to achieving set objectives. Through strategic leaders, interests and momentum of employees is sustained by driving positive energy towards accomplishing long-run objectives. Firms that are steered by such leaders have become successful operations at a group and individual level. However, to become a strategic leader, there are a lot more traits that should be possessed both visionary and administrative. To have a strategic leader means that an organization has a strong-willed leader who can stand out even when everything is falling apart. This leader always comes up with discoveries for his employees in efforts to improve an organ ization's productivity. Strategic leaders are made and not born as was early suggested. This is because these are the normal individual trained through their work experience and understanding of diverse market needs then bridging the identified gaps with quality services and products. The paper will critically analyze the role of a strategic leader in ensuring the success of firms. In the contemporary world, there is sophisticated competition, threats and challenging opportunities for organizations. To thrive in such uncharted business, a firm requires a strategic leader who has all the qualities of making sound decisions to keep the firm's performance on the top level. To meet the competing business demands, strategic leadership is emerging as the primary area of focus for both academics and businesses (Cameron, 2014). Lack of strategic leadership in a firm, it becomes difficult to sustain the required market competition efficiently. It is therefore clear that superior businesses do not evolve from sheer luck; the choice of leaders mostly determines their performance. Organizational pressure is increasing, and the call to deliver positive results is building up in every firm. Businesses are also willing to work with less and expecting quality outcomes. Such a scenario becomes difficult for any leader, and only strategic leadership can drive positive changes of an organization into a better future (Zhexembayeva, 2014). Role of the Chairman The chairman is one of the top leaders for an organization. The chairperson heads the organization board, involves in setting the companys agenda and ensuring the group works through effective and timely communication (Cameron, 2014). He or she acts as a link between the non-executive and executive members through ensuring a great working relationship for discussing strategic issues. Chief Executive Officer (CEO) On the other side, the Chief executive Officer (CEO) focuses on effecting policies and decisions from the board. The CEO sets the companys vision, manages resources and overall operations. Some companies may opt to combine the position of the board chairman with that of the CEO. For instance, Marks and Spencer company combined the roles and handed responsibility to the then CEO, in 2008. Chief Technology Officer (CTO) Tremendous increase in business conducted online has given rise for the need of Chief Technology Officer (CTO), who focuses on strategies on technology advancement and information in a company (Kvint, 2009). Change management is a critical tool that every strategic leader should have in order move the firm forward. Change management involved being able to develop analyze the market needs and respond promptly with a feasible solution (Beatty, 2010). For instance, in the case where a bank is wholly dealing with manual transactions, a strategic leader should be able to analyze the fast-changing technology and be able to suggest a swift change towards embracing the new technology. In this case, a decisive leader can propose new techniques of transactions such a use of mobile apps and wireless money deposits and transfers to make transactions fast, easy and economical (Laszlo, 2011). Further, a strategic leader should be able to identify the peak seasons for business and ensure during such periods, there is maximized sales and profits. Besides, a strategic leader should be able to understand changing processes and skills in the market and efficiently transfer the knowledge to the employees. This may include offering on-the-job training and refresher courses that will help workers adjust and conform to the modern procedures of production to keep organizations on the move. Strategic leaders can only perform such roles because they have futuristic thinking (Handler, 2010). Role of Non Executive Director (NED) The non executive directors (NED) are part of the strategic leaders in an organization. The NED involves in the scrutiny of management systems and performance visa vie the set objectives and goals. Also, the NED assists in the development of strategic proposals, oversight of remuneration packages, appointment and succession of executive directors (Cameron, 2014). Organizational Structure Organizational structure is a significant element that helps in building strategic leaders and at the same time improves firm's productivity. An organizational structure provides a breakdown of the manner in which different individuals work. It begins with the leading management down to the lower level workers. For a well-performing organization, an organizational structure is an indispensable tool. The top-most executive officer should be a strategic individual and the one who serves as an example to others. When the top management is well trained and competent, the lower workers automatically adopts to hard work and positive drive towards achieving the best (Kvint, 2009). Further, by having a strategic leadership it does not mean to operate in a dictatorial manner, it means being dynamic, inclusive and one who seeks opinions of the low-ranked workers to understand their thoughts and then make the final decisions about the way forward. However, there arises an issue with finance whe n there is a problem or misunderstanding between the principals and agents. This brings about the agency theory that brings into a limelight what can cause conflicts among top leaders and firms' principals. For instance, the agents may have their work plan and future expectation that the principals are not aware. The plan can include expanding an organization to outside markets. This means that the expenditure will increase and the amount intended for the shareholders will reduce tremendously. In this situation, it becomes difficult for any leader to operate, as any move will affect the financiers of the firm that cannot be entertained. Therefore, a strategic leader will be able to rise above such situations through making reasonable changes to the company through consultations with all shareholders to reduce operation challenges (Nag, 2011). To build high performing organization, it is important to have strategic leaders who can make the forecast of the market performance. This involves having information about changes before things happen. For instance, a strategic leader should be able to know issues to do with inflation, changes in stock markets, political instabilities, and technology in a timely manner. Having such information is a great milestone and can ensure adequate changes are made before the firms are affected (Heskett, 2009). For instance, in 2008/2009 financial crisis, many organizations such as General Motors were affected to the point of filing for bankruptcy relief. It took the efforts of governments to bail them. In such times, strategic leaders should have prior information to be able to change the organizational approaches and beat the storms. For instance, a decisive leader can know of a looming financial crisis in the near future. A strategic leader could respond to this by laying off some employees or reducing by all possible means, the firm's expenditure budget to cater for future losses (Tichy, 2016) Importance of a Strategic Leader in a Firm Motivation is an essential aspect toward developing high performing firms. A strategic leader to make people work for a common good can use this move. In instances, where the manager or a leader is not interested in motivating the employees, then there is a decrease in productivity as workers only force their way to work for getting basic needs. In such cases, only a strategic leader can break this kind of notion and drive positive change and energy to the workers (Mintzberg, 2011). As the most critical resource in the firm, a strategic leader should motivate the employees to work hard through offering attractive rewards, leaves, holidays and regular meeting with employees. This invokes the stewardship theory that observes that employees are in most cases motivated by their work. The theory argues that workers get intrinsically motivated by working for organizations through accomplishing responsibilities and tasks they are given. It creates an impression that workers are pro-organiza tion, collective-minded, and not individualistic. This motive makes them work aimed at attaining societal, the group and organizational goals as doing so makes them feel satisfied. It is however through positive motivation by a strategic leader that makes employees adopt the stewardship theory (Quong, 2010). Management Role of a Strategic Leader Firms are part of managerial functions. Throughout the world, leading companies such as Apple, Microsoft, HP, Kodak and General Electric are defined through their founders. Leaders in these organizations maintained their grounds and developed competitive brands. Consequently, they survived through global competitions to emerge the best (Wack, 2010). Through the lens of such organization, the aspect of strategic leadership can be felt. This is because; these firms have gone through much pressure concerning quality, pricing, and ethics to emerge the best through efforts of managers. This is because in every organization the organization performance reflects the work of top leaders, hence the development of Upper Echelons theory. It is a theory that explores traits held by senior managers and concludes that performance levels and strategic outcomes are predicted efficiently by looking at managers. This theory explains the reason firms are more than ever concerned about strategic leaders hip than anything else (Hill, 2011). Theories in Relation to Strategic Leadership Power is a critical element in the performance of any organization. Understanding the diverse abilities of an organization reports are provided on weekly or monthly bases regarding the way a firm is performing. This invokes the theory of board power, which is said to have the huge influence over strategic leadership. Board meetings are the ultimate decisions making bodies in any organization. However, the differentials in power reflect on the outcomes and processes an organization applies. For instance, when boards make their sittings they develop a framework for ensuring things work well for a firm. However, the outcomes and actual practices may be different bringing out a huge gap. Board directors have a duty of making decisions for an organization disciplining, crisis meeting, and offering advice but are not there during implementation. This brings about the role of a strategic leader in the board (Mulcaster, 2010). A leader, who will be able to close this gap and balance the expe ctations of the board and the realities of implementing their decision. This approach is similar to that of top managerial teams that evaluate the exploitation and exploration of strategic board decisions and spearhead organizational ambidexterity. This is a critical perspective that aims at identifying changes in the behavior of the board members towards the organization. This process can only succeed in the case where a firm has a strategic leader to oversee the different functions. Therefore, the top-level management has an essential role in influencing organizational performance and developing culture, structure, policies and reward systems in organizations. To create superior firms, it is critical to have top management with excellent skills. This is what is referred to as discretion and which is influential to an organizational performance (Beatty, 2010). These perspectives state that performance of an organization is a result of hard work and cooperation between employees and their managers. Strategic leaders are a crucial party as they ensure hard work through making workers build high levels of commitment together with creating a culture of empowerment. To achieve these objectives, a strategic leader should be able to articulate his or her views simply to make all shareholders understand (Kemp, 2013). It is of a higher significance for any strategic leader to explain to the employees about choices made and then build a capable team to undertake the work. Nonetheless, a strategic leader should be above all smart and able to instill the bigger picture in employees to achieve positive performance. In addition, a firm will compete locally and globally in an efficient manner when a strategic leader is creative and one able to survive in ever changing the business environment (Rowe, 2014). Conclusion The strategic leader has a crucial role in contributing positively towards high firm performance due to own discretions. Strategic leaders form special force in today's organizations. This kind of a leader makes essential decisions coupled with shareholders to come up with a winning idea about capitalizing on profits. A strategic leader has been termed as a person who can predict the future of a firm and make strategic moves in attempts to avoid any future impacts. A strategic leader has also been termed as the ultimate driver in any fir and who bears the burden of a good or bad name of a company. Most importantly, a strategic leader has abilities to motivate his or her employees to work hard towards achieving organizational objectives. A strong message is therefore directed towards contemporary firms, that to have high performance in the market, the role of a strategic leader is vital. References Beatty, Q, 2010. 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