Strategic leader play strategic leadership role by developing vision and mission, setting objective, crafting goal. Strategic leadership formulates strategies with deep internal and external environment brings about changes required to implement strategies and inspire the staff to contribute to strategy execution.
Unlike strategic leadership, managerial leadership is generally concerned with the short-term, day-to-day activities.
A manager, as a strategic leader, has to play many leadership role , such as head cheer leader, motivator, visionary, chief entrepreneur, strategist, chief administrator, culture builder, resource acquirer and allocator, capabilities builder, process integrator, crisis manager, spokesperson, negotiator, arbitrator, policy maker, and policy enforcer.
A strategic leader is a change agent who initiates strategic changes in the organizations and ensure that the changes are successfully implemented. For the most part, major change efforts have to be top-down and vision-driven. Leading change has to start with diagnosing the situation and then deciding which of the several ways has to handle it.
Types of Leadership Styles or Approaches to Leadership
There are two basic approaches to leadership
1. Transformational Leadership Style: Transformational leadership style uses charisma and enthusiasm to inspire people to get work done. Transformational leadership style may be appropriate in turbulent environments, in industries at the very start or end of their life-cycles, in poorly performing organizations when there is a need to inspire a company to embrace major changes. Transformational leaders offer excitement, vision, intellectual stimulation and personal satisfaction. They inspire involvement in a mission, giving followers a ‘dream’ or ‘vision ‘of a higher calling so as to elicit more dramatic changes in organizational performance.
Such a leadership motivates followers to do more than originally affected to do by stretching their abilities and increasing their self-confidence, and also promote innovation throughout the organization.
2. Transactional Leadership Style: Transactional leadership style uses the authority of its office to exchange rewards or penalties for achievement or non-achievement. They prefer a more formalized approach to motivation, setting clear goals.
Transactional leadership style may be appropriate in static environment, in mature industries and in organizations that are performing well. Transactional leaders try to build on the existing culture and enhance current practices. The style is better suited in persuading people to work efficiently and run operations smoothly. Transactional leadership style focuses more on designing systems and controlling the organization’s activities.
Responsibilities of a Strategic Leader
Thus, the strategic leadership skills of a company’s managers represent resources that affect company performance. And these resources must be developed for the company’s future benefit.
1. Formulating policies and action plans to implement strategic decision
2. Ensuring effective communication in the organization,
3 Making strategic decisions,
4. Managing human capital (perhaps the most critical of the strategic leader’s skills),
5. Action for change in organization
6. Leading and sustaining strong corporate culture
7. Ensuring high performance over time
Elements of Effective Strategic Leadership
There are six elements of effective strategic leadership
Memory code
I M Successful Formulator Implement or aaja beta dekhlenge
1. I-Intent
2. M- Mission
3. A-Action
4. Formulator
5. Implementor
6. Strategic Competitiveness
Explore All Chapters
Download