Strategic Management

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Strategic management and leadership The organizational hierarchy and economic conditions directly impacts the roles and functions of business leaders. Therefore, it is imperative that one reviews organizational structure in order to understand leadership traits and characteristics. Due to the constantly evolving economy, companies are aiming to adopt a more elastic strategic management configuration so as to assist the maximization of the employee satisfaction and to get rid of any inflexibility in the organizational structures that obstruct communication. Project-based (or task-based) organizational compositions (PBO) facilitate the companies to be more elastic as this employee structure comprises of transitory project teams and responsibilities which are softened after the necessary aims have been attained (DeFillippi & Arthur.1998: Hobday, 2000; Turner & Keegan, 2001). Forster (2005) asserts that the construction of organizational management first surfaced in the 1970's and continued to grow in importance. He asserts that the decade of 1970's, "also marked the introduction of self-managing work and project teams, and the emergence of cross-functional work teams in many organizations (Forster, pg: 205)." He further writes, "Hewlett-Packard was one of the first companies in the USA to routinely mix together specialists in single teams. These brought together engineers, technicians, marketing managers, lawyers, sales people, purchasing specialists and shop floor

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