Leadership Assignment: Strategic Leadership Assignment
Added on 2020-06-06
15 Pages4601 Words80 Views
Leadership Management
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STRATEGIC LEADERSHIP
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3AC 2.1- Evaluating the relationship between strategic management and leadership.................3TASK 2............................................................................................................................................5AC 1.1- Analysing the impact of the organisation's culture and values on strategic leadership. .....................................................................................................................................................5TASK 3............................................................................................................................................6AC 1.2- Discussing how organisational specific, legal, regulatory and ethical requirementsimpact on strategic leadership demands. ....................................................................................6TASK 4............................................................................................................................................6AC 1.3- Evaluating current and emerging social concerns and expectations impacting onstrategic leadership in the organisation. .....................................................................................6TASK 5............................................................................................................................................8AC 2.2- Leadership styles and their impact on strategic decisions.............................................8AC 2.3- Leaderships styles adopted in the different situations. .................................................9AC 2.4- Impact of leadership styles on the organisation. ..........................................................9TASK 6..........................................................................................................................................104 AC 3.1- Two differing leadership strategies. ........................................................................105 AC 3.2- Internal and external situations which could cause a change in leadership strategy....................................................................................................................................................106 AC- 3.3- Leadership strategy to support organisational direction.........................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONStrategic leadership is considered to be the life blood for an organisation. It helps them totake various decisions which can influence the business operations. This is needed for thesuccess of company which will stay on the long term basis. Stanbic Bank Ghana Ltd (SBGL)provides many types of services and uses strategic leadership in their working style. This reportincludes about the relationship between strategic management and leadership. It analyses theimpact culture and values on the leadership. Various requirements are discussed which have animpact on the strategies (Ang and Van Dyne, 2015). There are some current and emerging socialconcerns and expectations impacting on the strategic leadership in the organisation. However,this report also analyses strategies to support organisational direction. TASK 1AC 2.1- Evaluating the relationship between strategic management and leadership.Strategic leadership is the term which is used to develop the vision, culture, structure foran organisation. This strategy influences the cited bank to follow all the stated process in thebetter manner. On the other hand, strategic management formulating the goals and objectives forthe company by the top most management authority. There are various activities which areincluded in this process like, planning, monitoring etc. There are some key differenceare some key differences between the two terms. Strategicmanagement is the activity of making or planning the strategic plan. In this plan is made forgaining the success for the linglong term basis. Strategy which is made is in accordance with allthe external and internal factors of the environment which can affect the Stanbic Bank Ghana Ltd(SBGL). On the contrary, strategic leadership shows the process which can be used by the leaderto achieve the various objectives and goals (Altman and Tushman, 2017). There are variouspolicies and tools which are used to conduct the process of strategic leadership. There are some senior managers in the organisation who handles various activities. Manyroles and responsibilities are there which are to be fulfilled by the senior manager.They need to ensure that priorities and goals of the company are effectively beingachieved or not. This will take some time because proper monitoring technique andeffectiveness is needed to fulfil this responsibility.
It is the duty of the senior manager to manage all the budgeting activities in accordancewith the financial stability. It will take time to perform, because many factors are neededto be considered while doing it. Financial budgeting is very much important to give thesustainable business performance. It is their responsibility to hire the employees for the cited bank. It will also take their toomuch time. It is the activity where many steps are done. At first they have to find thevacancy where it is the need to post some efficient employee (Joyce, 2016). Then theyhave to find the suitable technique which will be the best to perform the activity.Interviews of candidate isInterviews of candidate are taken by them. That's why thisactivity of hiring the workers takes too much time of the senior managers. Conflicts arising for the senior managersThere are many conflict situations which are faced by the seniorssenior managers whilefulfilling their responsibilities. Many a time it can be difficult for them to manage all the activities at the same time.Employees can feel disheartened with their decisions. Different approachesUnilateral approach is that when managers take the decision without considering thesuggestions of their employees. For example, the organisation doorganisation does nothave the proper procedure to hire the workers and manager domanager does this activityin accordance with their own.Other than this there is administrative approach (Strand, 2014). According to this properstrategies and policies are made to perform the business activities and taking decisions.For example, collecting data, preparing report etc. It helps the managers to take the rightdecisions. It states that administrative approach is better than the unilateral approach. EmployeesgetsEmployees get satisfied when their advice or suggestion is taken in consideration by thesenior managers. Unilateral approach will demotivate the workers. On the other hand,administrative approach will motivate the employees. To use this approach managers need toconsider all the main information and suggestion.Impact of individual's personalities on the approach taken to management and leadership
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