strategic Leadership

Strategic leadership is a practice in which executives, using different styles of management, develop a vision for their organization that enables it to adapt to or remain competitive in a changing economic and technological climate. Strategic leaders are able to use this vision to motivate employees and departments, fostering among them a sense of unity and direction in order to implement change within their organization.

The main objectives of strategic leadership are to streamline processes, boost strategic productivity, promote innovation and cultivate an environment that encourages employees to be productive, independent and to push forward their own ideas. Strategic leaders sometimes make use of reward or incentive programs to encourage employees and help them reach their goals.

Strategic leadership process

Leaders must first understand their organization's mission in order to be strategic. This means fully grasping why the company exists, who its customers are and how exactly it can provide value for them.

Then, strategic leaders need to create a vision of what that mission will look like at a specified time in the future.

Finally, leaders must craft a strategy to put that vision into action. The strategy should map out the steps a company needs to take or the changes it needs to make in order to get from its current state to its desired state.