As discussed earlier, few leaders adopt the carrot approach and a few adopt the stick approach. Thus, all of the leaders do not get the things done in the same manner.
Strategic leadership can also be defined as utilizing strategy in the management of employees. It is the potential to influence organizational members and to execute organizational change.
Strategic leaders create organizational structure, allocate resources and express strategic vision. Strategic leaders work in an ambiguous environment on very difficult issues that influence and are influenced by occasions and organizations external to their own.
The main objective of strategic leadership is strategic productivity.
Strategic leaders encourage the employees in an organization to follow their own ideas. Strategic leaders make greater use of reward and incentive system for encouraging productive and quality employees to show much better performance for their organization.
Functional strategic leadership is about inventiveness, perception, and planning to assist an individual in realizing his objectives and goals.
Strategic leadership requires the potential to foresee and comprehend the work environment. It requires objectivity and potential to look at the broader picture.
Loyalty- Powerful and effective leaders demonstrate their loyalty to their vision by their words and actions.
Keeping them updated- Efficient and effective leaders keep themselves updated about what is happening within their organization. They have various formal and informal sources of information in the organization.
Judicious use of power- Strategic leaders makes a very wise use of their power. They must play the power game skillfully and try to develop consent for their ideas rather than forcing their ideas upon others.
They must push their ideas gradually. Motivation- Strategic leaders must have a zeal for work that goes beyond money and power and also they should have an inclination to achieve goals with energy and determination. Compassion- Strategic leaders must understand the views and feelings of their subordinates, and make decisions after considering them.
Social skills- Strategic leaders must be friendly and social. Self-awareness- Strategic leaders must have the potential to understand their own moods and emotions, as well as their impact on others.
Readiness to delegate and authorize- Effective leaders are proficient at delegation. They are well aware of the fact that delegation will avoid overloading of responsibilities on the leaders.
They also recognize the fact that authorizing the subordinates to make decisions will motivate them a lot. Articulacy- Strong leaders are articulate enough to communicate the vision vision of where the organization should head to the organizational members in terms that boost those members.
To conclude, Strategic leaders can create vision, express vision, passionately possess vision and persistently drive it to accomplishment.All leadership styles can become part of the leader's repertoire.
Leadership styles should be adapted to the demands of the situation, the requirements of the people involved and the challenges facing the organization.
Adapted from “The Wall Street Journal Guide to Management” by Alan Murray. Summaries of over + MBA methods on strategy, performance management, finance, valuation, change, corporate governance, communication, marketing, leadership and responsibility.
MBA models and MBA theories. Value Based Management. Leadership Styles - Important Leadership Styles. All leaders do not possess same attitude or same perspective.
As discussed earlier, few leaders adopt the carrot .
Explore Ashford University's online Business Administration degree courses and classes covering areas of management, leadership, and more. There are various strategic leadership styles. With strategic leadership being such a broad topic Rowe differentiates between strategic, visionary and managerial leaders.
(Rowe, ). Strategic leadership School Leadership & Management, Vol. 24, No. 1, February Washingborough Foundation Primary and Nursery School, UK; University of.
These are the most relevant Leadership styles in today’s world. In addition to these there are also other Leadership Traits and Skills that leaders need to posses in order to have an impact.