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Chapter 12: Strategic Leadership (SL) - page 15 / 25

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Key Strategic Leadership Actions

Effectively Managing the Firm’s Resource Portfolio

Includes financial, organizational (competencies and capabilities) and human capital

Firms resources must be managed in a way that is consistent and supportive of strategy

They also must be allocated as efficiently and effectively as possible so that each area or part of the firm has what it needs for strategy implementation

Changing strategy will likely call for the reallocation of resources and the movement of people and other resources from one area to another

Financial resources are managed through the budgeting and resource allocation process

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