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What is the Significance of Strategic Leadership?

Mariam Peyton
Latest posts by Mariam Peyton (see all)

    Strategic leadership is the ability to influence and align the actions of others toward a common vision and goals. It requires a combination of analytical, personal, and visionary skills that enable leaders to anticipate challenges, create opportunities, and mobilize resources. Strategic leadership impacts organizational growth because it enables the organization to attain a competitive advantage over its competitors in the market. Effective strategic leadership is one of the most important requirements in an organization as it helps it to formulate and implement strategies in a productive manner. Strategic leaders are not only responsible for the current performance of their organizations but also for shaping their future direction and ensuring their long-term sustainability. To be effective, strategic leaders need to cultivate a culture of learning, innovation, and collaboration among their teams and stakeholders.
    Leadership is defined as a process of leading an organization or a group of people toward achieving a common objective. The leadership of an organization is the ability of the management to safeguard the company’s welfare by realizing its employee’s wants and the company’s targets by providing a safe working environment so that they can both achieve their goals and objectives. Organizational leadership is the most fundamental part of any company's strategy since it describes and clearly explains its vision and the goals it is intending to achieve. It involves the ability to inspire, motivate, and guide others toward a common goal or vision. Leadership also requires self-awareness, emotional intelligence, and ethical decision-making. A good leader is not only confident and competent but also humble and respectful. A good leader listens to feedback, communicates effectively, and adapts to changing situations. A good leader is not afraid to take risks, learn from mistakes, and challenge the status quo. Therefore for any organization to derive effective success, there must be efficient communication and leadership to enable it to achieve its aims and objectives. 

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    What is the Significance of Strategic Leadership? a Case Study


    Key Learning Outcomes

    By the end of the case, students should be able to:

    • Explain the concepts and principles of strategic management and leadership, and how they relate to organizational performance and sustainability.
    • Analyze the different approaches and styles of strategic management and leadership, and how they can be applied in different contexts and situations.
    • Apply various tools and techniques for developing and implementing strategic plans and goals

     

    1.0 INTRODUCTION


    An organization needs leadership to achieve its goals, whether they are short-term or long-term, internal or external, individual or collective. (Thomson et al., 2020). Leadership is the ability to influence, motivate, and inspire others to work towards a common vision and purpose.

    Leadership is not only about having authority or power, but also about having the skills, knowledge, and attitude to guide and support others. Leadership is essential for any organization because it helps to create a positive culture, foster innovation and creativity, resolve conflicts and problems, and ensure accountability and performance.

    Without effective leadership, an organization may face challenges such as low morale, poor communication, lack of direction, and reduced productivity. Strategic leadership is the ability to influence and align the actions of others toward a common vision and goals. In an organization, a lack of strategic leadership has been considered one of the key obstacles that influence the execution of activities. 

    strategic leadership is an essential practice and it involves setting long-term goals, exploring and leveraging the organization's core competencies, managing both human and social assets, instilling a  sustainable organizational culture, emphasizing ethical values, and formulating and implementing a  balanced control system that will not hinder sustainable transformation but ensure organizational stability.

    There are different styles of leadership, such as autocratic, democratic, transformational, servant, and situational. Each style has its own strengths and weaknesses and may be more or less suitable for different situations and contexts. Leadership is essential for any organization to achieve its goals. Leadership is not only a position or a role but also a set of skills and qualities that can be developed and enhanced. Leadership is not only about leading others but also about leading oneself.

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