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(Rowe, 2001). Strategic leadership presumes a shared vision of what an organization is to be so that the day-to-day decision-making or emergent strategy process is consistent with this vision. Managerial leaders influence only the actions and decisions of those with whom they work.
Pursuits of adaptation primarily follow the traditions that emphasize how managers influence the adaptation process and, therefore, focus mainly on decision-making. Organizations that recognize environmental change and make decisions to reconfigure resources or enter new markets are viewed as adapting accordingly.
Strategic planning [1] is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy.
Strategic management tools. In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates.
Strategy is important because the resources available to achieve goals are usually limited. Strategy generally involves setting goals and priorities, determining actions to achieve the goals, and mobilizing resources to execute the actions. [4] A strategy describes how the ends (goals) will be achieved by the means (resources). [5]
The democratic style demands the leader to make decisions on who should be called upon within the group and who is given the right to participate in, make, and vote on decisions. [ 14 ] Research has found that this leadership style is one of the most effective and creates higher productivity, better contributions from group members, and ...
Envisioning the long term implications of decisions. Thinking about the long-term impact or implications means we take a wide-angle lense to discover all opportunities to achieve a purpose, goal, or a set of goals. [37] Identifying patterns. Looking for connections and patterns beyond the immediate situation. [38] Creating psychological distance.
Management by objectives at its core is the process of employers/supervisors attempting to manage their subordinates by introducing a set of specific goals that both the employee and the company strive to achieve in the near future, and working to meet those goals accordingly. [1] Five steps: Review organizational goal; Set worker objective