Definition of Strategic Leadership
Strategic Leadership can be defined as the ability of the top-level managers or executives to determine the future courses of action and direction of the firm and motivate the members to make efforts in that direction. It provides techniques that focus on organizations when they are deciding on their purpose and best business practices that are critical for remaining competitive and relevant. Being able to learn and adapt has become vital for sustainability.
It aims at inspiring others to make those decisions that bring better opportunities for the enterprise’s long-term success, without compromising its short-term financial stability. It is an intricate form of leadership, wherein the strategic leaders, i.e. managers or top-level executives design an organization structure, allocates resources, inspires employees to follow their ideas.
A strategic leader is someone who determines the organization’s strategies and actions and makes every effort to implement them, in an intended manner. In general, the manager acts as a strategic leader in the organization, who foresees and interprets, the dynamic business environment and work on issues that can influence and can be influenced by the events that occur to/with the organization.
Characteristics and Qualities of Strategic Leaders
- Keeping them updated: Efficient and effective leaders keep themselves updated about what is happening within their organization. They have various formal and informal sources of information in the organization.
- Judicious use of power: Strategic leaders make very wise use of their power. They must play the power game skillfully and try to develop consent for their ideas rather than forcing their ideas upon others. They must push their ideas gradually.
- Have a wider perspective: Strategic leaders just don’t have skills in their narrow specialty but they have a little knowledge about a lot of things.
- Motivation: Strategic leaders must have a zeal for work that goes beyond money and power and also they should incline to achieve goals with energy and determination.
- Compassion: Strategic leaders must understand the views and feelings of their subordinates, and make decisions after considering them.
- Self-control: Strategic leaders must have the potential to control distracting/disturbing moods and desires, i.e., they must think before acting.
- Readiness to delegate and authorize: Effective leaders are proficient at delegation. They are well aware of the fact that delegation will avoid overloading of responsibilities on the leaders. They also recognize the fact that authorizing the subordinates to make decisions will motivate them a lot.
- Articulacy: Strong leaders are articulate enough to communicate the vision(vision of where the organization should head) to the organizational members in terms that boost those members.
- Constancy: Strategic leaders constantly convey their vision until it becomes a component of organizational culture.