Nutt and Backoff (1997) assessed four organizational contexts in terms of their proficiency to produce visionary strategic adaptation, and one of the four is bold organizations.
According to Nutt and Backoff's assessment of organizational contexts in terms of their ability to produce visionary strategic change, bold organizations have restricted resources. The acceptance of the need for change is high. So these big organizations tend to be more organic and less rule-bound.
Leadership which will be seen here will be Farsighted leadership. This involves freeing up resources and securing that the key stakeholders are carefully nurtured in the process of developing the vision. Only if the organizations aim big and far-sighted will they be able to achieve their organizational goals which involve visionary strategic goals.
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