In this guide, we’ll examine the defining characteristics of strategic leadership and its purpose in business. We’ll also explain the core elements of the framework, as well as the requirements it imposes on a strategic leader. Before analysing a few examples of strategic leaders in a variety of sectors, we’ll outline the advantages and disadvantages of the style.
1 Understanding the definition and purpose of strategic leadership
In order to understand what the strategic framework looks like in action, you need to dissect it. This essentially means looking at the definition of strategy and how it can be linked to leadership. Furthermore, you need to examine the purpose of strategic leadership, as it can help realise the requirements and objectives of using this style.
What is strategy?
Strategy is definitely a word the business world can’t get enough of. It is regularly flashed around, but what exactly does it mean to define things as strategic? The word is derived from the Greek word ‘stratêgia’, which means “art of troop leader; office of general, command, general ship’. The Oxford dictionary defines strategy as, “a plan of action designed to achieve a long-term or overall aim’. Therefore, strategy is about...
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...y its focus on both short- and long-term objectives. Strategic leadership is never about a quick fix, as it requires the organisation to look to the future whenever it is implementing a change or making a decision. Therefore, things, such as firing employees, can be seen as counterproductive in terms of future growth and succession planning, for example.
Overall, the aim of strategic leadership is to prepare the organisation for whatever future might bring. The style calls for predictive behaviour and analytical decision-making. Actions should not be taken simply by focusing on the current, but each decision needs to implement an understanding of different future events and possibilities. The vision for the organisation should focus on the future and the strategic leadership model needs to prepare the organisation for whatever the future might have in store for it.
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