Strategic managerial tasks, abilities, and skills
The first stage of data analysis indicated that “strategic thinking” is part of the
abilities and skills required to perform strategic managerial tasks and that
business leaders’ abilities and skills have an impact on strategy formulation
and strategy implementation. This is in line with the suggestion of Sveiby (2001)
that knowledge-based strategy formulation starts with the competence of people.
Therefore, more literature was reviewed focussing on abilities and skills required
to perform strategic management tasks. Using the general strategic management
process as a framework, a summary of abilities and skills required suggested in
the reviewed literature for performing strategic managerial tasks is presented
in Table II.