Strategic Leadership - 2805 Words

A. Describe strategic leadership in detail, the traits of strategic leadership, how they differ from strategic management, and discuss the importance of strategic leadership for the competitive success of a firm. Strategic leadership is difficult to describe as a concept; however it is easy to distinguish when it is in action. Leaders pay close attention to small details to ensure that the big picture may one day become realized. Strategic leadership is being able to develop competencies for dealing with extensive, new challenges of leading in the industry that they are in. In an attempt to define strategic leadership I begin to define the word strategy. Strategy is a plan of action for accomplishing a goal. Strategic†¦show more content†¦It seems that a leader has better interpersonal skills that enable them to get others to do what they wish more easily. Both managers and leaders strive to achieve their organizations goals however each tries to accomplish these goals differently. For example a leader gives his followers empowerment which enables them willingly follows and have a personal stake in acquiring those goals. A manager uses their organizational power to dict ate what should be done and when. Their authority expects complete compliance from their subordinates. Managers and leaders scan their external and internal environments for strengths, weaknesses, opportunities and threats (SWAT analysis). Each motivates their subordinates in a different manner. This is the point where leaders and managers get defined. If others internalize the organizations goals and believe that they can help achieve them through hard work, they have been inspired by leaders. If they are given orders and expected to comply automatically, they are under the authority of a manager. The importance of strategic management results in good organization conditions that include the devotion of its employees to work hard and have good work ethics. They feel part of the organizations success when it reaches its expectations. B. Choose a CEO of a prominent firm you believe has exemplified effective strategic leadership andShow MoreRelatedStrategic Management : Strategic Leadership1516 Words   |  7 PagesStrategic leadership is defined as the ability to anticipate, envision, maintain the flexibility, think in strategic manner, and inspire change. It is essential to have a competent strategic leader as this will impact the performance of the firm directly due to being in the position to make crucial decisions on behalf of the firm (Ireland et al, 2005). A clear distinguishment needs to take made. Strategy is sets of actions that are needed to be performed in order for change to occur that will leadRead MoreStrategic Leadership : A Strategic Leader929 Words   |  4 PagesBecoming a strategic leader began with an outstanding analogy comparing strategic leadership to surfing. 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