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Chapter 12: Strategic Leadership (SL) - page 7 / 25

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The Role of Top-Level Managers

Top Management Teams (TMT)

In most firms there is a team of strategic leaders called the top management team

A team is needed to deal with the complexity of challenges and the need for substantial amounts of information and knowledge to make strategic decisions

TMT composed of key individuals who are responsible for selecting and implementing firm’s strategies

Usually includes officers of the corporation (VP and above) and members of BOD

TMT characteristics must fit strategy and strategy implementation

TMTs affect firm performance and strategic change

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