Understanding of Strategic Leadership for Success and Growth

Question: Discuss about theUnderstanding of Strategic Leadership for Success and Growth. Answer: Strategic Leadership- Concept Defined In simple words strategic leadership is the ability to influence the people to voluntarily make decision to enhance the prospect for the organizations long term success and growth while ensuring the long terms financial stability of the organization. Strategic leadership is the art and practical application to deal with the ever changing business environment and circumstances, a leader who is flexible and adapts himself to the changing circumstances is crucial in ensuring the business momentum even in the long run. Strategic leadership draws inspiration makes the most out of the understanding of the complex business environment and the organization. Another aim of strategic leadership is to align the objectives of the employees with the business objectives, and to ensure that the mission, vision and values of the employees are deeply inherited by all its employees(Johnson, 2016). Underlying Principles of Strategic Leadership Distribution of responsibility- Strategic leadership is the understanding the importance of distribution of task amongst the team and not holding one person responsible for the entire work. It has to be understood deeply that distribution of work reduces the time of completion of the job, increases the quality of work thus enhancing the productivity of the organization. Hence, leaders have to always focus on delegating the responsibilities to create positive synergies in the organization (Goetsch Davis, 2014). Openness in communication-Every person in the leadership position has to ensure that he maintains a high degree of communication not only with the senior management but also with the sub-ordinates or his peers. One has to really understand that communication facilitates an environment of trust and mutual respect in the organization which eventually leads to higher productivity in the organization. It also reduced cultural conflict and helps to address any grievances or concerns of the employees (Hallen, 2017). Experimentation with ideas-It is a well-known fact that it takes plethora of ideas to come up with one idea which has the potential to change the business ecosystem. This is one of the crucial principles of strategic leadership, one has to always push himself towards new ideas, have perseverance while experimenting with the ideas and do as many experiments as possible until the idea becomes feasible and beneficial to the development of organization and the society. Jeff Bezos of Amazon was persistent with the idea of online store for the consumers; he started with online bookstore but did not sat down until he made Amazon the biggest e-commerce companies of the world (Ma Seidl, 2018). Risk assessment and management-In the path of leader and his journey of strategic leadership, a number of obstacles are encountered. One such obstacle is risk; strategic leadership is the art of identifying the risk, assessment of the risk and the plan to overt the risk. Strategic leadership is the phenomenon to keep the organization protected from any certain or uncertain risk and to ensure that the company is always moving forward (Strand, 2014). Creating opportunities for experience based learning-Leadership have the responsibility of ensuring the learning in the organization never stops. People learning new things every day, either from the trainers, colleagues, managers or the leaders should be the base of the organization. Continuous learning and development helps the organization and its employees to grow and innovate reckless for the benefit of the community (Quong Walker, 2010). Transformational adaptability-In the present day scenario, business has become extremely dynamics; situations are changing in the business environment every second. Hence, the leaders have to be extremely flexible and adaptable to the changing circumstances in order to achieve the defined goals. They have to be transformational in their leadership style to motivate, influence and make people accountable and responsible for their own actions. This will certainly bring more flexibility and employee centric approach in the organization, which will eventually translate into enhanced organizational productivity. Motivation-Motivation and Job satisfaction are two closely linked elements which are critical in defining the success of the organization. Every successful company in the past or present have been successful because they acknowledged the importance of Motivation and job satisfaction for the employees. Human resources is the most valuable asset to any organization, thus as part of strategic leadership , leaders have to ensure that they take good care of its employees to keep them motivated, and facilitate a positive work environment filled with enormous learning and growth. Conclusion Thus, it can concluded by saying that Strategic leadership not only the ability to influence people to voluntarily make decision to enhance the growth of the organization, but in totality it is the art of making people in complete alignment with the objectives and goals of the organization to ensure business sustainability. References Goetsch, D. L., Davis, S. B. (2014).Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Hallen, B. (2017). Robert A. Burgelman, Webb McKinney, and Philip E. Meza: Becoming Hewlett Packard: Why Strategic Leadership Matters. Johnson, G. (2016).Exploring strategy: text and cases. Pearson Education. Ma, S., Seidl, D. (2018). New CEOs and their collaborators: Divergence and convergence between the strategic leadership constellation and the top management team.Strategic Management Journal,39(3), 606-638. Quong, T., Walker, A. (2010). Seven principles of strategic leadership.International Studies in Educational Administration (Commonwealth Council for Educational Administration Management (CCEAM)),38(1). Strand, R. (2014). Strategic leadership of corporate sustainability.Journal of Business Ethics,123(4), 687-706.