MGT8039 Strategic Leadership
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/ict/students/standards/default.htm.
Top-level managers guide organisations in ways that result in sustainable performance that is optimally beneficial to all its stakeholders. The primary responsibility for thinking and acting strategically rests with the top leadership echelons from the smallest to the largest multinational conglomerate corporation as well as to other types of organisations (such as in the public sector). Organisational leaders most likely include chief executive officers, managing directors and other members of boards of directors and general managers; collectively, these managers play a role in top management teams. Leaders usually have responsibilities and accountabilities that cannot be delegated. As such they have to make decisions that affect the direction and success of the organisation. Leaders require superior levels of holistic, conceptual and strategic thinking abilities. Top management positions carry with them inherently risky outcomes often resulting in 'fallen idols' and rejection by the Board of Directors. Top-level leaders are expected to lead organisations through continuous strategic renewal and transformational change; their responsibilities extend to transforming the organisation to become 'high-performing' and 'world-class.' As a result, leaders are required to add value to stakeholder interests in a balanced way. This course is aimed at addressing the complexity of strategic leadership and application of leadership principles in practice. Other issues covered in the course include corporate governance, top management team dynamics, ethical practices, strategic performance management, knowledge management, organisational culture and strategic change.