Executive Summary
The purpose of this report to develop and understand the link between Strategic management and leadership, and how to use leadership and management skills in different work conditions and process of implementation by providing examples of renowned leaders and successful organizations.
Table of contents
LEARNING OUTCOMES | ASSESSMENT CRITERIA (AC) TO TEST OUTCOMES | PAGE NO. | 1.Understand the relationship between strategic management and leadership | Task 1:
1.1: Explain the link between strategic management and leadership | 1 | | 1.2: Analyze the impact of management and leadership styles on strategic decisions | 3 | | 1.3: Evaluate how leadership styles can be adapted to different situations | 5 | 2. Be able to apply management and leadership theory to support organizational direction | 2.1: Review the impact that selected theories of management and leadership have on organizational strategy | 6 |
1- Understand the relationship between strategic management and leadership
1.1: Explain the link between strategic management and leadership
The key to business largely depends on good leadership and effective management, Leadership is about strategic management and could be defined as activity of thinking, acting and influencing to achieve a common goal. As in Dan’s case, it was necessary to hire consultants to facilitate, create and implement systems of methods, principles and rules for regulating a discipline to enhance efficiency in the organisation and to get a constructive criticism from experienced outsiders. Dan was future oriented and had a clear vision, his long term thinking made him to hire consultants.
As the scenario says, Dan was a successful businessman and his printing company was well known for high quality and personalized service, so he was fulfilling all the aspects of a strategic manager and due to rapidly changing environment, external
References: http://managementhelp.org/blogs/leadership/2010/10/24/maintaining-the-delicate-balance-between-leadership-and-management/ http://www.myprimetime.com/work/ge/schultzbio/ http://en.wikipedia.org/wiki/Howard_Schultz#cite_note-0 Lankau, M.J.A.Ward, A. Amason, T. Ng, J. A. Sonnenfeld, and B. R. Agle. 2007. "Examining the Impact of Organizational Value Dissimilarity in Top Management Teams." Journal of Managerial Issues 19 (1): 11-34. Brady, D. (2001). His Own Man.BusinessWeek; Issue 3749, p.78-82