Strategic Leadership
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 would be those goals that wish to be obtained through long range planning. The advantages will come to leaders that have the highest conceptually ability to make decisions. They must have values, ethics, and standards. There are no short cuts to acquire their goals. As mentioned in class strategic leaders have a "dream." That dream is very blurry causing it to be uncertain, ambiguous, and deficient in data. Strategic leaders make decisions that encompass the many different cultures, personalities and desires of their organization, suppliers, and partnerships. They must make reasonable decisions that are based on insufficient information. To not do so would result in serious implications. The strategic leadership is the thinking and decision required to develop and affect the plan positively. Strategic leaders need skills to be successful. These leaders are made, not born. Their experiences in life bring them wisdom and vision to create and execute plans based on broken information. Globalization has also caused strategic leaders to investigate a countries history, culture, religion, and politics. The internal and external environment has potential strengths/threats that the company needs to be aware of.
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 would be those goals that wish to be obtained through long range planning. The advantages will come to leaders that have the highest conceptually ability to make decisions. They must have values, ethics, and standards. There are no short cuts to acquire their goals. As mentioned in class strategic leaders have a "dream." That dream is very blurry causing it to be uncertain, ambiguous, and deficient in data. Strategic leaders make decisions that encompass the many different cultures, personalities and desires of their organization, suppliers, and partnerships. They must make reasonable decisions that are based on insufficient information. To not do so would result in serious implications. The strategic leadership is the thinking and decision required to develop and affect the plan positively. Strategic leaders need skills to be successful. These leaders are made, not born. Their experiences in life bring them wisdom and vision to create and execute plans based on broken information. Globalization has also caused strategic leaders to investigate a countries history, culture, religion, and politics. The internal and external environment has potential strengths/threats that the company needs to be aware of.