BCOR 4970, s. 9: Strategic Management
Instructor: Beth C. Hynes, J.D., MBA
FINAL EXAM QUESTIONS
YOUR FULL NAME: _______________________
Strategic leadership is a method in which executives use different practices to create a vision and mission for the organization that helps it adapt to economic and technological changes. Strategic leaders use this vision to motivate employees and departments, fostering among them a feeling of unity in order to apply change within their business. The main goals of strategic leadership are to enhance strategic productivity, promote innovation and develop an environment that motivates employees to be productive, and independent and to push forward their own ideas.
I would state that John “Jack” Bogle can be placed on either of the 5 levels of the pyramid as a strategic leader, however, I would put him on level 5 “executive”. In the case it is mentioned how persistent he was in his professionalism and how he implemented the idea of mutual fund investment and made the stock market accessible to the average American. He made Vanguard one of the most competitive companies in the industry and made sure it is going to stay at the top. That applies to building enduring greatness through a paradoxical blend of professional will and personal humility.
Vanguard’s mission is to support clients in reaching their financial goals by being their highest-value contributor to investment products and services. Therefore, Vanguard is a mission-driven company as it emphasizes on low-cost investing, which supports its mission “helping our clients reach their financial goals”. It also focuses on providing quality service which also aligns with its mission of being the highest-value source of investment products and services.
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