1. STRATEGIC MANAGEMENT & BUSINESS POLICY 12TH EDITION
THOMAS L. WHEELEN J. DAVID HUNGER

2. Selection and Management Development
Executive succession- replacing a key top manager
Succession planning
Identifying candidates below the top layer of management
Measuring internal candidates against external candidates
Providing financial incentives
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3. Staffing Follows Strategy
Training and development
Executive types
Dynamic industry expert
Analytical portfolio manager
Cautious profit planner
Turnaround specialist
Professional liquidator
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4. Identifying Abilities and Potential
Performance appraisal system identifies good performers with promotion potential
Assessment centers evaluates a person’s suitability for an advanced position
Job rotation- ensures employees are gaining a mix of experience to prepare them for future responsibilities
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5. Problems in Retrenchment
Downsizing the planned eliminated of positions or jobs
Can damage the learning capacity of an organization
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6. Successful Downsizing
Eliminate unnecessary work instead of making across the board cuts
Contract out work that others can do cheaper
Plan for long-run efficiencies
Communicate the reasons for actions
Invest in the remaining employees
Develop value added jobs to balance out job elimination
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7. International Issues in Staffing
Culture differences
Management styles
Human resource practices
Communication and coordination
Lack of international management with experience
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8. Managing Corporate Culture
Strong cultures are resistant to change
Optimal culture supports mission and strategies
Change in strategy should be followed by change in culture
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9. Managing Cultural Change Through Communication
CEO and top management communicated the strategic vision throughout the organization
Current performance was compared to competition and constantly updated
Vision was translated into key elements needed to accomplish the vision
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11. Dimensions of National Culture
Power distance
Uncertainty avoidance
Individualism-collectivism
Masculinity-femininity
Long-term orientation
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