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Chapter 12: Strategic Leadership (SL) - page 16 / 25

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Key Strategic Leadership Actions

Effectively Managing the Firm’s Resource Portfolio

Core competencies and competitive capabilities should be developed in a strategy supportive fashion

Firms should build their strategy around things they are good at doing and/or become good at doing things that are supportive of strategy

A firm’s human capital, which refers to the knowledge and skills of a firm’s entire workforce, should also fit its strategy.

This can be accomplished by:

Hiring people who fit the organization and its strategy

An effective training and development program

Investments should be made to acquire and develop the firm’s human capital

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