Understanding Leadership

Leadership refers to an individual’s ability to lead and inspire his/her followers towards achieving organisational objectives. Leadership relies on envisioning ideas that can help bolster corporational growth and bringing a group of team-members on-board who can help transform that vision into reality.

Leadership refers to the process of influencing, directing, and guiding a group of employees, team members, or stakeholders to perform their tasks that maximise the firm’s growth. Professionals can get a better understanding of these tasks by enrolling for selective strategic leadership training courses online.

Understanding Management

Management zeroes in more on the involvement of human capital and its resources for achieving objectives. It includes specific distinctive processes such as planning, organising, leading and controlling the aspects/attributes that help manage materials, resources and people. Management focuses on cultivating an environment of rationality and logical decision making for implementing policies and procedures.

Furthermore, management works under the strategic boundaries and structures developed by the organisation for achieving goals.

Strategy Leadership: Developing Strategies Backed by Successful Leadership

This relatively new form of leadership emphasises envisioning strategic ideas and protocols that help employees achieve that vision. The main goals of strategy leadership include fostering productivity, streamlining its processes, and forecasting the corporation’s needs.

Strategic leaders possess the following traits that help facilitate a positive and healthy work environment:-

• Are Loyal Towards Achieving Goals

Strategic leaders are loyal towards their goals, vision and mission statements.

• Provide a Wide Perspective for Looking at Situations

Leaders have a wide horizon for looking at things and provide solutions accordingly. Having a broad outlook comes in handy when implementing the company’s policies.

• Are Great Mentors

Strategic leaders are outstanding mentors as they inspire, motivate and help employees in achieving organisational objectives.

Professionals looking to further their knowledge about this domain can enrol for strategic leadership training courses online. Choosing and selecting the right credible and resourceful courses must be the top priority for aspiring leaders. The XLRI strategic management program is one such course that aims to render professionals with in-depth understanding of this sector’s critical aspects. Some of the things learners can expect through these courses include robust knowledge about strategic leadership concepts, skill-sets, and components.

Strategic management plays an important role in auguring leadership policies for the organisation. Young leaders need to understand the basics of strategic management before enrolling for these training programs.

Strategic Management: Managing Resources Strategically

Strategic management refers to the managerial type wherein strategies are developed, keeping in mind its mission and vision. Managers implement systematic changes in a company’s internal environment, such as changes in business plans, work-flows and other processes. Furthermore, strategic management also implements changes in the organisation’s external environment, such as changes in government policies or laws, changes in customer’s behaviours and changes in the target audience’s preferences.

The XLRI strategic management program aims to equip its learners with the intel required for acing this job role. The program enlists the strategic management process that helps managers perform their roles in a structured manner.

The strategic management process includes the following:-

• Step 1 = Setting the Intent of Organisational Business

The first step is developing the intent of the corporational business. This implies establishing the vision, mission statements for the firm and laying out the objectives that need to be achieved.

• Step 2 = Development of Strategy

The next step is developing a strategy that is consistent with the company mission, vision and corporational objectives. It’s done through a detailed analysis of various parameters, preparing strategic plans, and setting procedures that help maximise profits and help organisation grow further.

• Step 3 = Execution of Strategy

The third step is the implementation of the strategy. Implementation of strategy requires placing theoretical strategical models in place, developing reformed and refined structures, and maintaining policies’ behavioural and functional performance.

• Step 4 = Evaluation and Control of Strategy

The last step revolves around evaluating strategy and implementing control precautions in place.

Strategic management is the culmination of all these steps, as mentioned above, and developing successful and long-lasting strategies.

Relationship Between Strategic Leadership and Strategic Management: A Two-Way Road

Modern organisations undertake complex projects involving cross-functional teams and a mixture of resources that help transform leaders or managers’ vision into practice. Therefore, there’s a combination of leadership and management skills that help achieve organisational objectives and effective decisions at the top-level. A plethora of strategic leadership training courses online aim at teaching the importance of an amicable relationship between strategic leadership and management.

Here’s why a connection between strategic leadership and management is required:-

• Provides Flexibility

Current organisations are flexible and dynamic in nature. Corporations need to change their plans and policies regularly. Hence a model is required that allows for successful changes without comprising the resources.

Strategic leaders are problem-solvers and help mitigate changes efficiently; moreover the evaluation benchmarks set up by strategic managers allow in deploying the correct resources.

• Helps in Achieving the Expected Result

Strategic management and leadership act as the planner and executor for organisations. Leaders monitor and communicate the policies to their team members and other stakeholders in a comprehensible manner and inspire them during all stages of strategy development.

Managers build robust work-flows, processes and other business plans to give a direction to the policies.

Therefore, strategic leadership and management integration go hand in hand for taking corporations to newer heights. The XLRI strategic management course will teach executives about managers’ roles and responsibilities that help grow the business proposition of firms.

Strategy Leadership and Management : They Must Coexist Together

Just like water and ice co-exist and stay together, the same can be said about strategic leadership and management. Strategic leadership relies on envisioning ideas and aims to inspire team-members towards achieving goals. The leaders possess excellent mentorship skills and have the ability to analyse situations from a wide perspective.

Strategic managers provide action plans, pathways and other methods that put leaders’ vision into practice through implementing strategies. Therefore, understanding these domains through strategic leadership training courses online and enrolling for a stipulated XLRI strategic management program will help new leaders and managers furnish successful careers.