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Introduction to the Strategic Management

   

Added on  2020-06-04

11 Pages2927 Words62 Views
Leadership ManagementProfessional Development
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Strategic Management
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EXECUTIVE SUMMARYStrategic management is essential aspect in the business firm by which company caneffectively operate its business activities and function for attain the objective. Strategicleadership helps to the company in properly lead and direct the workforce through which rightkind of solution can attain at the right time and at the right place. In the present studysignificance and key elements of the strategic leadership has effectively discussed. In addition tothese Activities and role of Elon Musk has been also studied in this report.
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................11. Own understanding of the strategic leadership, how and why the leadership strategic issimilar to or different from the existing ideas of strategic leadership....................................12. On the basis of above literature the key feature of strategic leadership.............................23. Key elements of strategic leadership scorecard..................................................................24. Activities and role of Elon Musk........................................................................................45. Analysis of leadership score card with Elon musk.............................................................56. Conclusion..........................................................................................................................6REFERENCES................................................................................................................................7
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INTRODUCTIONThe report strategic management includes some understanding of the strategic leadershipwhich refer to the person who bring vision and lead the team. Also, the most important factor ofthe strategic leadership is the key feature that the leaders should have to make strategy in theorganization.1. Explaination of the strategic leadershipStrategic leadership: It refers to the key person who have potential to bring a specificvision in the organisation and to motivate others to achieve the vision. It can also define as theproper use of the planning for the workforce management. To bring some specific changes in theorganisational which can influence performance of the organisation with different strategyimplementation by leader (Bergh and et.al., 2014).The leadership strategic is similar from the existing ideas of the strategic leadership. Themain motive of the strategic leadership is to boost the productivity of the organisation and makethe working environment better for the employees.Comparison between the existing strategic leadership and previous strategic leadershipWorking style: the existing strategic leadership working style is more innovative whilethe previous leadership is based on the theories which are not related to the real lifeperformance (Bull and et.al., 2016).Risk taking:The existing strategic leadership is had little risk which can not negativelyinfluence the performance of the business enterprise. Also, the previous strategic whichalso influence on the risk taking.Difference between existing leadership and with the previous leadership:Motivational skill: In the existing leadership strategic they have motivational skill. If theteam is not able to achieve the organisational goal can be the important factors for theorganisational. While the previous strategic leadership have to focus on the organisational teamand they don't have the motivational skill in which the whole team will be in the conflicts due tocertain issue (Chen, Kim and Yamaguchi, 2014). Technical skill: in the existing strategic leadership technical skill are according to therequirement of the organisation. The proper software and other basic understanding can beconsiders in the strategic leadership. While the previous strategic leadership have less technical1
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