Strategies are action plans, documents, layouts that give practical ideation to theoretical mapping and planning. Modern industries, organisations, firms look for competent individuals who can lead their businesses successfully, create opportunities and attract lucrative prospects. Taking charge at the helm comes with its challenges, complexities, issues and responsibilities.
Leadership acts as the driving force behind a company’s success, its profits and maximising organisational employee’s potential for achieving work-related objectives. Several leadership programs for experienced professionals can help leaders move further in the corporate ladder. One such program is the strategic performance management from XLRI.
Are Leaders Born or Made? : Asking the Right Questions
“The most dangerous leadership myth is that leaders are born, that there lies a genetic factor to leadership. That’s nonsense; in fact, the opposite is true. Leaders are made rather than born.”
The remarks as mentioned above by Warren Bennis shed light on how leaders are made through experience, knowledge and other aspects and not god-gifted. Leaders act like chariots that drive organisations forward, providing perspective over corporational things and coming up with solutions while dealing with problems. Leaders who focus on employing strategic reforms and set up procedures in place that help bring those reforms plans into reality constitute strategic leadership.
Amongst the most effective leadership types, the demand for strategic leaders is on the rise. Professionals looking to form a career in this domain need to enrol for courses from top-rated institutes. The strategic performance management from XLRI comes as a great source for teaching about this sector’s subtleties. These informative leadership programs for experienced professionals can help working executives understand the role strategic leaders play for the organisations.
Understanding the Role of Strategic Leaders
There’s more than ever a need for strong, competent and well-versed strategic leaders who can provide a much-needed direction to the corporational tasks, assign and delegate work to employees and envision ideas that can bolster economic growth. Today, there’s a heavy influence of decision-making in organisational leadership and management activities; it requires clarity over things and can provide practical solutions.
Strategic leaders play a pivotal role in auguring their deployment and association in smoothening workflows and optimising employee work output.
Numerous leadership programs for experienced professionals highlight the following roles of strategic leaders in corporational settings:-
- Convocating a Strategic Vision and Mission
“Good leaders have vision and inspire others to help them turn vision into reality. Great leaders have vision, share vision and inspire others to create their own”
As mentioned above by Roy Bennett, the quote displays the essence of setting up a strategic vision and mission for developing strategies. Strategic leaders are visionary thinkers who envision ideas and practices that can help organisations in the long run. Then, several processes are set into place to transform that idea or vision into reality.
- Laying out the Goals and Objectives
Once the vision has been developed, it’s essential to align that vision or idea with corporational goals and objectives. Strategic leaders zero in on the objectives – both short-term and long-term that their ideas and visions can achieve. It’s necessary to draft goals and objectives that are measurable and achievable to avoid failures.
- Building a Strategy
Amongst the most important roles that strategic leaders play, developing a strategy is a critical part of a leader’s job profile. Strategic leaders need to augment strategies, policies, and action plans to bring their objective-driven vision into the company’s setup. Strategic leaders develop strategies that solve and rectify issues, optimise resources, and know what not to do to avoid lapses.
- Strategy Deployment
The culmination of all the roles that have been discussed earlier, the execution of strategy forms another key part of leaders duties. Once the goals have been set up, plans have been built and finalised; it needs to be deployed in the firm’s schemas.
The roles described above go a long way in facilitating a positive work culture and taking corporations to newer heights. The strategic performance management from XLRI helps lay out certain facets of strategy leadership that help lay the foundation of robust strategies.
Robust Strategic Leadership Strategies for Today’s Dynamic World
The concept of global strategic management considers the inherent components of strategy development and its different aspects that help develop a robust leadership strategy.
Here are some of the robust strategies that leaders follow:-
- Communicating their Vision
Strategic leaders envision ideas and make sure everyone involved in the hierarchical chain is on the same page regarding their visions and ideas. Communicating vision with fellow team members and managers allows them to collect resources, figure out plans for bringing that vision into reality.
- Provide Recognition
Recognition, appreciation enables employees to feel valued and committed towards their tasks. Leaders foster an environment of excellence and meet their expectations by encouraging their employees and celebrating individual’s accomplishments. Personal recognition allows individuals to work more diligently, efficiently and successfully towards performing their tasks.
- Empowering Employees through Increased Responsibilities
A great and effective leadership strategy is to empower employees through greater responsibility. Delegating tasks and other key responsibilities to employees help both parties- leaders and team members. Leaders can monitor their entrusted employees’ capability and potential while the team members feel valued and offer them a chance to prove their worth to the corporation.
- Mentoring Employees through Different Stages
Strategic leaders are excellent mentors who can motivate their employees during tough times and boost their morale. Leaders speak from the heart and regroup their team-members for performing critical tasks and duties. Being passionately involved and engaged with employees helps them communicate on a deeper level and understand their problems.
Dynamic Strategies for Dynamic Scenarios
The strategies and the role of strategic leaders in drafting policies, procedures and plans all play a vital part in reviving growth and increasing a particular business’s market value. Given the different areas strategic leaders are involved with, it’s always a good practice to understand the theoretical aspect of this domain.
Credible leadership programs for experienced professionals will allow working executives to gather meaningful insights about this domain and their role. Furthermore, the strategic performance management from XLRI will enable professionals to move up the corporate ladder and attract high-paying positions.
