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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:
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What – by providing the vision and
direction, creating the context for growth, and
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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 goals.
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. organizational
needs, and the parts, be they large (functions) or small (teams or
individuals).
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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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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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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Build 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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3 Strategies of Market Leaders
The market leader is dominant in its industry
and has substantial market share.
If you want to lead the market, you must
be the industry leader in developing new
business models and new products
or services. You must be on the
cutting edge of
new technologies and innovative
business processes. Your
customer value proposition must offer a superior solution to a
customers' problem, and your product must be well
differentiated...
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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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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 and Management
The 8 Stage Change Management Process
Defrost a hardened
status quo:
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Establish a sense of urgency
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Create the guiding coalition...
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