Linkedin Essay

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Q1: Are top management teams important for the firm? What kind of top management team is LinkedIn using? Do you think Dan Nye is a good leader? Top level managers are essential for the firm. They play a critical role on the firm's ability to compete within the market. Their performances can have a huge impact on the firm's strategies and how the firm’s goal is designed. The managers are charged to make certain their firm is able to effectively formulate and implement strategies. The top level manager's strategic leadership is the ability is to anticipate, envision, maintain flexibility, and empower others contribute to the firm’s success. They involve in managing entire enterprise rather than a functional subunit, and coping with change that continue to increase in the global economy. LinkedIn is using a top management team which is more to the homogeneous kind. This kind of team is composed of the key individuals who are responsible for selecting and implementing the firm’s strategies. For homogeneous top management market, its members have similar functional experiences and educational backgrounds. A new CEO is selected from inside the firm; therefore, the current strategy of LinkedIn is unlikely to change. In my opinion, Dan Nye is an appropriate leader because during his years as CEO in LinkedIn, the firm’s performances were going well enough. LinkedIn users increased at a rate of 1.2 million new users per month at that time. Dan Nye announced that a new funding round had given the company a 1 billion dollars valuation. Also investors, led by the private equity firm Bain Capital Ventures purchased a 5% stake in LinkedIn with 53 million dollars. Dan Nye's vision also strengthens LinkedIn's performances and contributes to the efficient operation of LinkedIn in the long term. Q2: What type of managerial labor markets did LinkedIn used? What are the

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