Strategic Leadership in Change Management

Strategic Leadership

Executive Summary
This report discussed about various aspects of leadership and importance and application
of leadership in change management of the organisation. This report discussed various models of
leadership which can be applied for implementing change in the organisation. This included
transformational leadership, kotter’s change management model etc. Later leadership style which
can be adopted and applied by the leaders in banking industry while managing and implementing
change have also been discussed in this report. This discussion has been followed by leadership
and capabilities of leadership of those leaders who are leading various sectors. Lastly
performance measurement and its use in implementing change has also been discussed with the
help of model of balanced scorecard.

Table of Contents
Strategic Leadership........................................................................................................................1
INTRODUCTION...........................................................................................................................3
Identification and Analysis of contemporary research of the role of leadership and its
importance in the process of managing and delivering programmes of change..........................3
Assessment of relevance of leadership styles to the key Banking Sector changes......................5
Identification and Reflection of key leadership capabilities and Strategies of key business
leaders..........................................................................................................................................9
Evaluation of the use of performance matrix that could be used to deliver change successfully
...................................................................................................................................................10
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Strategic leadership is a process and aspect of leadership in which leader needs to
express strategic vision for the organisation and motivate and pursued others to achieve that
vision. Strategies which help organisation to achieve this vision are also developed by leader in
strategic leadership. This report will discuss and analyse contemporary research for the role of
leadership and importance of leadership in the while managing and delivering programme of
change in context of HSBC. This is a British Multinational investment bank and financial service
company. Later this report will address various aspects of the leadership and styles of leadership
which can be adopted by leaders in banking industry. This report will address changes in banking
industry in various forms which are internationalization and globalization. This report will
address various models in this context and in context of globalization and internationalization. In
this report some of the leaders and their leadership skills have been discussed. This report will
also address change and importance and role of performance matrix in the change. This also
includes KPI and model of balanced scorecard for performance measurement.
Identification and Analysis of contemporary research of the role of leadership and its importance
in the process of managing and delivering programmes of change
Changes are important for organisational success and leadership in the time of planning,
designing and implementing change is very important. One major change that took place in
Banking Industry and HSBC is implementing online and internet banking. This change was and
is a important change and required many preparation for the bank and leadership played
important role in this. The change required in knowledge and skills, digital preparation and
employees for the bank. Leadership played important role in this change. Some of the models in
leadership have also been designed for change management.
According to Kotter and von Ameln, 2019change in the organisation is a critical process
and Kotter have designed a model for bringing change in the organisation. This model includes 8
steps in the process of change. These steps are Increase Urgency, in this step leader of HSBC
needs to create urgency for the change in HSBC through this leader enables others to think about
the need of change, leader can do this in two ways one in which leader can show what negative
implications can HSBC might face if change not implemented. Other way is in which leader