Definition Of Leadership Strategy
Leadership is a process of social influence which maximizes the efforts of others towards the achievement of a goal.
Definition of leadership strategy. Leadership has significant impact on strategic management process. In a business setting this can mean directing workers and colleagues with a strategy to meet the company s needs. Here s what you need to know about leadership and some examples of how it can benefit businesses. The first three principles of strategic leadership involve nontraditional but highly effective approaches to decision making transparency and innovation.
Strategic leadership is the ability to influence others to voluntarily make decisions that enhance the prospects for the organization s long term success while maintaining short term financial stability. According to the definition strategic leadership is the process of using well considered tactics to communicate a vision for an organisation or one of its parts. Furthermore the framework uses a specific set of actions in order to achieve its objectives. Leadership is the art of motivating a group of people to act toward achieving a common goal.
Strategic leadership can also be defined as utilizing strategy in the management of employees. Especially it helps to determine the vision and mission of the organization. Strategic leaders gain their skill through practice and practice requires a fair amount of autonomy. Strategy can also be defined as a general direction set for the company and its various components to achieve a desired state in the future.
Strategy results from the detailed strategic planning process. Strategy is an action that managers take to attain one or more of the organization s goals. Further it facilitates the organization to execute effective strategies to achieve that vision. Different leadership approaches impact the vision and direction of growth and the potential success of an organization.
Strategic leaders are able to use this vision to motivate employees and departments fostering among them a sense of unity and direction in order to implement change within their organization. Strategic leadership is a practice in which executives using different styles of management develop a vision for their organization that enables it to adapt to or remain competitive in a changing economic and technological climate. When the strategy is imple mented business results will provide feedback on how well the leadership strategy is working and help shape. Managing change and ambiguity requires strategic le.