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Objectives of Strategic
Leadership
Strategic leadership provides the vision,
direction, the purpose for growth, and context for the success of the
corporation. It also initiates "outside-the-box" thinking to generate future
growth. Strategic leadership is not about micromanaging
business strategies. Rather, it provides the umbrella under which
businesses devise appropriate strategies and
create value.2
In short, strategic leadership answers two
questions:
-
What – by providing the
vision
and direction, creating the context for growth, and
-
How – by sketching out a road map for
the organization that will allow it to unleash its full potential; by
crafting the corporation's
portfolio, determining what businesses should be there, what the
performance requirements of the business are, and what types of
alliances make sense; and by defining the means (the
culture,
values,
and way of working together) needed to achieve corporate
vision
and goals.
Entrepreneurial Leader: 4 Specific Attributes
Distinguishing
Characteristic
The distinguishing characteristic of the
strategic leadership level - as compared with team-level and
operational-level leadership – is that it implies responsibility for
achieving the right
balance between the whole, i.e.
organizat0ional needs, and the parts, be they large (functions) or small
(teams or individuals).
Major Leadership Schools: Correlation
Strategic Thinking
In
today's era of rapid change and
unparalleled opportunity, the profitable and
sustainable growth
will go to the companies whose leaders can see possibilities beyond their
traditional served markets. There are no generally applicable recipes for
success in business as each business is unique. Effective
strategic thinking can be stimulated
however by adapting the framework for the process to the specific situation
of your company...
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Set Stretch Goals
Strategic Achievement
The two interwoven parts of
strategic achievement are
formulation and implementation. While both parts are essential to achieving
superior organizational performance, the implementing strategy is where most
companies succeed or fail...
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Tips for Making the Vision a Reality
Managing for Results
To achieve results, you should
develop a solid, sound, customer-focused, and
entrepreneurial
strategy, aimed at
market leadership,
based on
innovation,
and tightly focused on decisive opportunities...
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Building Your
Sustainable Competitive Advantage
Sustainable competitive advantage
is the prolonged benefit of implementing some unique value-creating strategy
based on unique combination of internal organizational
resources
and
capabilities
that cannot be replicated by competitors...
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Strategic Innovation
Strategic Innovation is the creation of
growth strategies,
new product categories, services or
business
models that change the game and generate significant
new value for
customers and the corporation...
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Yin-Yang of Value Innovation
Setting the Right Direction
Left-brain
dominant organizations that are devoted to short-term, bottom-line,
hard-data orientations usually neglect strategic leadership development and
therefore breed left-brain dominant executive who seldom find time to
"communicate
vision and
direction,
build teams,
develop people, or plan meeting, except
in a kind of crisis way.
No wonder many individuals and institutions are
caught going in the wrong direction, being in the wrong jungle, or leaning
against the wrong wall. Strategic leadership can eliminate such misdirection
and make things right again."3
As a strategic leader responsible for the
enterprise strategy development and
implementation your prime responsibility is to ensure that your organization is
going in the right direction. A strategic leader can provide
vision and
direction,
motivate through love and passion, and build a complementary team based on
mutual respect if he or she is "more
effectiveness-minded than
efficiency-minded, more concerned with direction and
results than with methods, systems, and procedures."3
Leadership-Management Synergy
Leadership and Management
12 Leadership Roles
The 8 Stage Change
Management Process
Defrost a hardened status quo:
-
Establish a sense of urgency
-
Create the guiding coalition...
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Top 10 Essential
Requirements To Be A Great Strategic Thinker
Essential Element #1: You must have a
vision. And you must be great at thinking with a strategic purpose
and creating a visioning process. Great strategic thinkers are
visionaries...
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