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Unformatted text preview: Chapter 12 Strategic Leadership STRATEGIC LEADERSHIP AND STYLE Strategic leadership entails the ability to anticipate, envision, maintain flexibility, and empower others to create strategic change as necessary. In other words, strategic leadership represents a complex form of leadership in organizations. A manager with strategic leadership skills exhibits the ability to guide the firm through the competitive landscape by managing an entire enterprise influencing the behavior, thoughts, and feelings of co-workers managing through others successfully processing or making sense of complex, ambiguous information by successfully dealing with change and uncertainty The strategic leader has several responsibilities, including the following: establishing a context for efficiency managing human capital (perhaps the most critical of the strategic leaders skills) effectively managing the firms operations sustaining high performance over time being willing to make candid, courageous, yet pragmatic, decisions soliciting feedback from peers, superiors, and employees about their difficult decisions and vision developing strong partners internally and externally to facilitate execution of their vision Strategic leaders are those at the top of the organization (in particular, the CEO), but other commonly recognized strategic leaders include members of the board of directors, the top management team, and division general managers. The style used to provide leadership often affects the productivity of those being led. The most effective leadership style used by strategic leaders is a transformational leadership style, which encourages followers to exceed expectations, and place the organization above self interests. The strategic leadership skills of an organizations managers represent resources that can affect the firms performance. These resources must be developed for the firms future benefit. THE ROLE OF TOP-LEVEL MANAGERS Top-level managers represent an important resource for organizations as they attempt to formulate and implement strategies effectively because of top-level mangers roles in designing the organization and the performance outcomes that result from using that design. Thus, it is important for organizations to have a top management team with superior managerial skills. Three factors can be viewed as determining a strategic leaders decision discretion: External environmental sources Organizational characteristics Managerial characteristics Other critical roles played by top-level managers include: implementing an appropriate organizational structure implementing the organizations reward systems shaping the organizations culture influencing organizational activities and performance Note: For top-level managers to make a differenceor enhance a firms ability to achieve a competitive advantagethey generally must possess superior knowledge and skills. While competitive advantagethey generally must possess superior knowledge and skills....
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- Spring '10