Top Management Team: often comprised of executive directors also shares the responsibility of overall strategy; bring additional experience and insight to the CEO and should theoretically stimulate strategic debate. Limitations: top management team constrained in three ways: 1) often carry operational responsibilities except in large corporations that distract/bias strategic thinking 2) frequently appointed by the CEO and consequently may lack independence for real challenge 3) where members have similar backgrounds and face strong leadership, often suffer from ‘groupthink’

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