Firms experience evolutionary cycles because of the changes that are triggered by growth. Firms start small and with time they grow bue to increased sales. When this happen the strategies and structure in place fails to help the firm to continue operating normally and efficiently. This makes firms to change its strategies and structure. A firm moves from simple to functional and then to multi-divisional structure due growth (Hitt, 2020).
When Toyota decided to change from being an automobile company to a a mobility company, it had to change its structure. The Changes that were made had to necessitate a change in leadership. This was implemented to help the company run smoothly. The previous strategies and structure could not support the current Toyota strategies that aims to provide services that gives its clients freedom of mobility (Toyota, 2021).
The CEO who have shown positive aspects of strategic leadership is Safra Catz, the CEO of Oracle. She has led the company in more than 150 successful acquisitions. This has enable the firm to continue thriving in the unpredictable technology field (Forbes, 2021).
When Toyota decided to change from being an automobile company to a a mobility company, it had to change its structure. The Changes that were made had to necessitate a change in leadership. This was implemented to help the company run smoothly. The previous strategies and structure could not support the current Toyota strategies that aims to provide services that gives its clients freedom of mobility (Toyota, 2021).
The CEO who have shown positive aspects of strategic leadership is Safra Catz, the CEO of Oracle. She has led the company in more than 150 successful acquisitions. This has enable the firm to continue thriving in the unpredictable technology field (Forbes, 2021).
