190974982 Strategic Management And Leadership

Topics: Leadership, Management, Strategic management Pages: 21 (5766 words) Published: April 22, 2015
INTRODUCTION
I am working at the medium sized company, Silky Road (SR), has success in the electronic industry, as a senior management advisor. The main office is located in the Kyout Ta Tar Township. We imported high quality electronic items such as Hand phone, telephone, TV, laptop, computer, DVD, etc., from Thailand, South Korea, Hong Kong, USA. We are now 5th place in the market.

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Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Strategic management is defined as the set of decisions and actions resulting in the formulation and implementation of strategies designed to achieve the objectives of the organization (John A. Pearce II and Richard B. Robinson, Jr.). The processes of strategic management are environmental scanning, strategy formulation, strategy implementation and evaluation.

Implementing strategy requires a team effort headed by organization's leadership. Each person involved in change management has their responsibilities, and it is important for the entire organization to understand the role of leadership in strategic implementation to make delegating responsibility more effective.

In strategy evaluation, leadership examines the bases for strategy as well as compares the expected results versus actual results, and develops corrective action plans if there are any deviations.

The changing nature of work organizations, including flatter structures and recognition of the efficient use of human resources, coupled with advances in social democracy, have

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combined to place growing importance on leadership. The nature of management is moving away from an emphasis on getting results by the close control workforce and towards the environment of coaching, support and empowerment.

Leadership is a process of social influence, which maximizes the efforts of others, towards the achievement of a goal. There are four styles of leadership. (1) The authoritarian or autocratic style

(2) The democratic style
(3) A laissez-faire style
(4) Participative leadership style

It is important to note that leadership plays the most dominant role in helping the organization to reach its goals and objectives. It is because leadership plays the key role in devising an effective and efficient strategy that enables an organization to reach its corporate goals and objectives. There is an important link between strategic management and leadership of an organization as leadership ultimately sets the strategic direction of an organization and it is not easy to separate them as distinct activities. Leadership is concerned about the vision while strategic management is focused on implementation according to the vision identified by the leadership. Leadership is concerned with the dynamics of a situation and it identifies and realizes that how to leverage its resources to respond to the dynamics of the situation. On the other hand, strategic management is concerned with the technique and it follows the orders of the leadership. Leadership is all about taking risks because leaders understand their strengths and weaknesses and leaders tend to learn from their mistakes. While the strategic management is more concerned about avoiding risk and adopting risk response strategies. Leadership and management are both skills that an organization should possess. Management won't take effect without the leadership. A leadership without management will only give us a

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short time pleasure. When good leadership is combined with the strategic management, we can set the goal and able to manage the way we want.

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Organizations all over the world are deeply concerned with understanding, searching and developing leadership. Regardless of the type of organization, leadership is discerned to play a vital role in establishing high performing teams. And also without management, it will not become good leadership. Whatever our...

References: Mullins, L J. 2007. Management and Organizational Behaviour. 8th edition. England. Pearson
Education Limited.
Soe. A T. 2013. Strategic management and leadership skills (Lecture slides). MIC
Goodnight, R
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