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Strategic Leadership - Meaning, Functions of strategic leader, Challenges & Examples

View all our courses and get certified on https://academy.marketing91.com Strategic Leadership is an approach adopted by organizations that encourages people to make their decisions keeping the welfare of the company in their mind. The concept of Strategic Leadership has proved beneficial for organizations in the long term as it boosts success. Who is a Strategic Leader? A Strategic Leader refers to the person who is in charge of developing and implementing the strategies and actions of an organization in a specific manner. Functions of Strategic Leader 1. Keeping a positive and healthy office culture 2. Developing and implementing plans and policies 3. Encouraging strategic competencies 4. Nudge the team towards the right target 5. Encourages effective communication 6. Helps to transform the management for the better 7. Enacting the strategies into actions 8. Oversee human assets 9. Taking important strategic decisions Strategic Leadership Characteristics 1. Strategic Leadership can put their vision across and motivate employees to make it their vision. 2. Good at assigning and delegating work. 3. A strategic leader encourages decision-making abilities in his juniors. 4. Stay updated about the current happenings. 5. A Strategic Leader must have self-awareness so that he can understand and control his emotions and their impact on the workplace. 6. Must have the self-control to consider things before taking action. 7. Strategic Leader is motivated, determined, and enthusiastic in his approach. 8. Must adopt a broader approach. 9. Strategic Leader must be loyal and committed to his goals through words and action. Strategic Leadership Skills – HBR Anticipate A strategic leader must possess the ability to anticipate unknown risks and assets Challenge Must challenge the current order, test their as well as others' assumptions, and look at different perspectives. Interpret Must have the ability to interpret current information effectively Decide Must be able to take tough calls quickly Align Must find a common ground by aligning organization goals with those of the other employees Learn Must have the skill to learn lessons from positive and negative impacts Strategic Leadership Examples 1. Jack Dorsey, Twitter, and Square 2. Jeff Weiner, LinkedIn 3. Tim Cook, Apple This video is on Strategic Leadership and it has the following sub-topics. Time Stamps 0:00 What is Strategic Leadership? 00:21 Definition of Strategic Leadership 00:43 Who is a Strategic Leader? 01:06 Functions of Strategic Leader 01:39 Strategic Leadership Characteristics 02:54 Strategic Leadership Skills – HBR 06:19 Strategic Leadership Examples