Management Vs Strategic Leadership - A Complete Guide

Introduction:

Strategic management is a theory that says the same thing as strategic leadership, but is more focused. This is because they are both focused on managing the business environment and using the tools of strategic thinking to deal with changing market conditions, financial and goals. The difference between the two is diploma in strategic management and leadership is about the processes that the company will use to get there. It is also about the vision of the company and their future direction through the use of strategies and change management practices. Strategic leadership, on the other hand, is a much broader concept that involves the cultural norms and beliefs of employees that make a firm unique and successful.

In many regards, strategic management vs strategic leadership should not be a choice at all. However, it often is and one of the main examples is what is now happening in New York City under mayor Bloomberg. Bloomberg is doing what many thought could not be done, which was to appoint people who would not only increase city revenue through increased taxes and fares but also increase city engagement and transparency through the implementation of a new "open meetings" policy. This policy essentially makes it possible for the public to come and go as they please without interference from the mayor or any other office in the city. Many in the business community were quick to decry this turn of events as a setback to free press and called for newspapers to be abolished.

Advantages:

Well, perhaps you might want to reread that for a moment, because if you read the news in New York City or the Wall Street Journal or read any of the numerous op-eds that have been written on this topic, you will find that virtually all agree with the sentiments expressed in that last sentence. That is why the phrase "strategic management vs strategic leadership" makes so much sense. Therefore, doesn't it make sense to ask the CEO of a corporation or the president of a university what they think of such a statement, instead of simply repeating what the political pundits say? After all, the college students who demand free speech do have a right to do so and those who oppose such things as free speech ought to be condemned as well.

In discussing this issue of strategic management vs. organizational development I believe that we should ask some high-level executives from both types of organizations to sit down and have a dialogue. I propose that we do this at the corporate or business college that the President attends. The purpose of this dialogue is two-fold; first, it illuminates a critical issue that I believe is plaguing our civilization; and second, by having such a dialogue at such a place, it allows for dialogue to take place between those in leadership and those beneath them who are either afraid of change or unwilling to make it due to the fact they think that any changes will cost them their job. The executive should ask himself or herself these questions; Is our company willing to change in order to better serve its customers? Secondly, can such a revolutionary change to create a synergistic and productive work environment that builds morale and drives sales?

Importance of Both:

Strategic management must be able to define the problems and determine what the best solutions are. However, if the organisation is not willing to change in order to move forward and improve its bottom line, then it is doomed. Just ask the executives at GE; "are we willing to change the way we do business in order to increase profits while protecting the environment?" (Or anyone else for that matter). And to answer that question, I would submit that it is absolutely unachievable, both short-term and long-term.

With strategic management, the reality is that there are some people who will always be resistant, unwilling or simply cannot be converted. In other words, it takes change management and a strategic mindset to adapt to a new system, a new way of doing things, a new team and a new set of stakeholders. In order to do so, the organisation has to adopt an effective change management process with its stakeholders in mind and have them prepare too - meaning present the opportunity to understand, ask questions, seek solutions and develop feedback. And all this without having to get hung up on whether or not their feedbacks are being provided promptly.

The reason I say this is simply because strategic planning is often done by non-expertise leaders. In other words, the leaders who are not involved in strategic planning have an advantage when it comes to implementing changes. And one of the most common reasons for this is that they are not as "immune" as the executives. They often come from an administrative background, where there is little understanding of the issues facing the organization. These executives will not be as able to effectively communicate with the stakeholder or how to best address those concerns. The organizations that engage in strategic planning and consulting firms understand that there are limitations in being able to execute changes without expert management guidance. Myworldgo blogs have many great articles related to strategic management and leadership.

Conclusion and Results:

Strategic management requires that all stakeholders in the organisation are prepared to make concessions, changes or adjustments in order to move ahead. If the stakeholders are not receptive to making such accommodations or adjustments than the new systems and practices being developed are likely to be unsuccessful. Strategic management also requires that all employees in the organisation are engaged and emotionally committed to the direction and goals of the strategic management plan. Employee engagement can be effective if there is an emotional connection between the employee and the strategic management plan. But the higher the turnover rate within the organisation and the more senior managers are involved in formulating the strategic management plan the less likely you are to see employee engagement translate into meaningful improvements to business performance. Visit myworldgo for more.

Regards

Chestnutae