Introduction
In this paper we will discuss how to develop strategic management and leadership skills. It involves four basic steps which we are discussed in detail under this study. Different cases of different organizations are mentioned and studied under this paper including Martin McColl, Apple, Microsoft, Mc Donald’s and Lincoln Electric.
Relationship between leadership and strategic management
For this you need to first explain the relationship between these two terms. In the second step, you analyze how the management and leadership styles would impact on strategic decisions and then you discuss the adaption of leadership styles in many situations.
Link between strategic management and leadership
Strategic management includes resources of a firm such as human, material, financial, organizational to achieve their fundamental goals in an effective way. Whereas leadership is a method of organizing, managing and directing and controlling the workers in a firm to influence them to work in order to pursue the goals and mission of a company. These two terms can be interchanged in Strategic Management.
Managing strategic activities requires effective leadership. The leaders are assigned with the responsibility of setting goals and making decisions for the company.
Impact of leadership styles and management on strategic decisions
Understanding, finding and developing leadership is one of the main concerns of an organization. Leadership plays an important role in forming highly dedicated teams. Because of the change in the nature of organization and the complexity in environment, leaders are now facing many difficulties and challenges than before. Currently, the world does not only demand competitiveness and consistent profitabilit...
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...f methods used for developing leadership skills
Lincoln Electric introduced management trainee programs and involved its workers more at strategic level. The training was given under the supervision of effective leaders of the organization. Because of these methods Lincoln Electric cope up with different situation and challenges and became a successful organization.
Conclusion
In this paper, relationship between leadership and strategic management was discussed and studied with an example of Martin McColl. In the second part, management and leadership theories were applied and analyzed by giving examples of Bill Gates and Steve Job. The last part of the paper suggested some strategies to Lincoln Electric in order to develop leadership skills. Through this study we can conclude that leadership plays a vital role in an organization’s success and strategic management.
The topic of leadership has been explored and written about by thousands of authors who are considerably more qualified than I am to write about the subject. However, I’ve always maintained that developing, evolving and articulating one’s own leadership philosophy is an essential part of a professional’s growth. Through academics and experience, I’ve concluded that leadership is a “soft” skill, more art than science, and that leadership principles can be universally applied. As a topic of discussion, leadership can be ambiguous and seldom does everyone agree on a single definition. Organizations and the people they consist of crave leadership, even if not overtly. Undeniably, strong leadership is essential to achieving
... process essentially entails functions such as planning, organising, leading or directing and controlling the resources of an organisation. Strategic management is the application of this management process at the top level of the organisation. At this level the focus is on the resources, capabilities and core competencies or the company as a whole and on the ways to achieve success over the long term within the context of changing and ever-competitive environments. According to Johnson et al, strategies do no happen by themselves. Strategies involve people, especially the managers who decide and implement. Strategic management consists of 3 elements, understanding the strategic position of an organisation, making strategic choices for the future and managing strategy in action. Strategic management thus entails two tasks, strategy making and making strategy work.
On the other hand we have the explanation of strategic leadership: Strategic leadership is the process of using well considered tactics to interconnect a vision for a group or one of its parts. Strategic leadership typically manages, motivates and persuades staff to share that same vision, and can be an important tool for implementing change or creating organizational structure within a
Presently many of us have learned that managers are primarily administrators who have learned to write business plans, utilize their resources and keep track of progress. We must learn that we are not limited by job title, and that means we can utilize our management skills in any position that we are in. We must also know that we can use our leadership skills in the same situations. On the other hand we have also learned that leaders are people who have an impact on those that surround them. The main difference that separates these two roles is that management is a function that must be utilized in any type of business, and leadership is the relationship that the leader has with his followers, which in turn can motivate and energize the organization.
Leadership can be defined as the way through which one individual has impacts and influences the attitudes and behavior of other people at a workplace. The tasks of leaders in corporations include organizational as well as departmental activities. Leaders are responsible fr coordination of these activities so as to reach the goals successfully by motivating and inspiring team members. (DUYGULU, Ethem and Ciraklar, Nurcan, 2008). Besides, leaders are supposed to resolve issues by avoiding conflicting situations related to work and strive to boost progress on achieving the overall objectives of a company. Moreover, great leaders provide the required knowledge,
Leaders are the individuals who help to create options and opportunities. They help in identifying the choices and solve the problems. They build commitment and coalitions. Leaders do this by inspiring others and working along with them to construct the shared vision of the possibilities and commitments of a better group, organization or community. They engage the followers in such a way that most of the followers become leaders in their own right. The variety of demands of an increasingly complex world very often require that leadership be shared by most of the members of an organization, in appropriate ways for different situations. A leader is the on...
”Leadership involves the exhibition of style or behavior by managers or supervisors while dealing with subordinates; leadership is a critical determinant of the employees ' actions toward the achievement of the organizational goals” (Saeed, Almas, Anis-ul-Haq, & Niazi, 2014). Leadership is a strength that initiates, inspires, and guides the cooperation and attitudes of others on the way to set vision. Leadership is influential and involves several styles of approaches that involve trust, accomplishment and focus to reach a projected result. Using and implementing the ideas of others motivates new thinking and gains the confidence to build the trust and encourage everyone to work to the same goals (Northouse,
Stroup, J. (2004). Managing leadership: toward a new and usable understanding of what leadership is and how to manage it. Lincoln, NE. iUniverse, Inc. Retrieved July 20, 2011 from http://managingleadership.com/blog/2008/09/04/great-man-theory/
Finally, they should also have some. familiarity with ways of developing competencies for dealing with the broad, new challenges that are part of leading the strategic. environment. The.. What Is Strategic Leadership? The common usage of the term strategic is related to the concept of strategy—simply a plan of action for accomplishing a goal.
Leaders are those who have a great influence on the lives of many people. This is especially relevant in today’s organizations, which face extreme time changes and an increasingly growing complexity (Yukl, 1998).
Leadership and management are two words that are commonly mistaken; the relation and the differences between them are often unclear. Leadership can be defined as the ability to influence a group toward the achievement of a vision or a set of goals." Managers are there to plan, organize, lead and monitor employees' activities. Leaders also have to be able to guide an organization through change. As we will see later, vision is a crucial component in the success of this task.
According to Wheelen & Hunger, strategic management “is that set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning (both external and internal), strategy formulation (strategic or long-range planning), strategy implementation, and evaluation and control” (2004, p2). All eleven good to great companies are benefit from strategic management and gain long term strategic advantage then lead to outperforming compared companies.
Leadership, without doubt, is a significantly important function of management. It helps to aggrandize efficiency and to fulfil an organization’s goals. Leadership is the ability of a manager to induce the subordinates to work with confidence, determination, courage and zeal. It is also defined as ability to influence a group towards the realization of a goal. Leaders should have the capability of developing future visions, and to drive the organizational members to want to attain the visions. This paper states my points in which I duly believe, justifies the importance of an outstanding leader in any organization.
What is strategic management? In this study we will view what a manager’s role is and the development of strategic management has an affect on their companies performance. We will examine strategic management, what the benefits and problems are when utilizing strategic management, and how to implement strategic management in the company.
Strategic management is the process where organization managers reach the goals and aspirations of the organization on behalf of its owners. This is done through formulation and implementation of ways and methods to fulfill the organizational goals and objectives (Brian, 2011). This is done with in-depth consideration of both the internal and external environments that the organization operates in, in order to allow the organization make the right decisions. Strategic management is an important element that firms must put together through strategic thinking as well as strategic planning (Nag, R., Hambrick & Chen, 2007).