1. In your own words
and using referenced quotes describe what is meant by the term "strategic
leadership".
Rare
is the business leader who can articulate and instill a long-term vision and
manage the day-to-day operations with the requisite obsession for detail. A
leader who combines both styles is what these authors call a “strategic
leader,” someone who, more than any other type of leader is best equipped to
increase shareholder value. Leaders and potential leaders will find out what it
takes when they read this article. (iveybusinessjournal.com)
Strategic leadership is the way of applying well considered plans
and the ability to
influence people around you to willingly participate in decision making process
and make a joint effort to achieve long term goal of the organization. Implementing
this strategy leads and organization to achieve its long term goal, deliver
high value over time and change within the organizational structure. A strategic
leader must be
loyal, use the authority wisely, compassionate and good social skills and have shared value and clear vision and make
the employees decide with minimum formal monitoring mechanism.
Characteristics of strategic leadership
2. Identify two
interesting similarities and two differences between the 5 Elements of
Successful and Effective Strategic Leadership model and the Transcendent
Leadership model.
5 Elements of Successful and Effective Strategic Leadership
model, developed by Lynch Mode
i.
Developing and communicating the organizations'
purpose.
ii.
Sustaining competitive advantage over time.
iii.
Managing human resource and organizational
decisions.
iv.
Setting ethical standards.
v.
Defining and delivering to stakeholders.
The Transcendent Leadership model
i.
Leadership of organization.
ii.
Leadership of others.
iii.
Leadership of self
Similarities:
·
Both model focus on how to provide benefit to
stakeholders and maintaining a good relationship among them within as well as
outside the organization.
·
They both tend to deal with the environmental
changes to obtain competitive advantages over time.
Differences:
·
The 5 elements of successful and effective strategic
leadership model by Lynch is based on the leadership strategy which benefits
the purpose of the organization whereas, transcendent leadership focus on
leadership upon the organization, leadership on others and leadership on self.
·
The Lynch model for strategic leadership mostly
focus on human resource and their talents whereas, transcendent model focus on
non-human resources like strategy, rules and structure.
References:
IVEY business journal Strategic
Leadership: Short-Term Stability and Long Term Viability [online] http://iveybusinessjournal.com/topics/leadership/strategic-leadership-short-term-stability-and-long-term-viability#.UtLiu_QW26M
[Accessed on December 18th 2013]
Lynch R (2009), Strategic Management, 5th edition, Pearson Education Limited
Management Study Guide., Strategic
Leadership - Definition and Qualities of a Strategic Leader. (Online) Available at:
http://www.managementstudyguide.com/strategic-leadership.htm > [ Accessed on
December 18th 2013]
Image Source: Characteristics of strategic leadership http://leadershipsolutions.co.za/general/strategic-leadership-%E2%80%A6-the-route-to-sustainable-competitive-advantage/
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