Strategic Management and Leadership
Added on 2020-01-15
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DEVELOPINGSTRATEGICMANAGEMENT ANDLEADERSHIP SKILLS
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3TASK 2............................................................................................................................................3(b) Analysis of the influence of management and leadership styles on strategic decisions........3(c) Evaluation of adaption of leadership styles in different situations.........................................5TASK 3............................................................................................................................................5(a) Management and leadership theories operating in organizations...........................................5(b) Reviewing the effect of management and leadership theories on the organization...............6TASK 4............................................................................................................................................7(b) Creating a leadership strategy using leadership theories which supports current and futuredirection.......................................................................................................................................7TASK 5............................................................................................................................................8TASK 6............................................................................................................................................9TASK 7............................................................................................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................102
INTRODUCTIONStrategic management refers to as continuous planning, monitoring, analyzing andrewarding appraisal for all the activities which are necessary for organization to meet out theirgoals and objectives. Further, leadership skills are required in order to manage planned aims andobjectives of the organization. Various tactical skills are essentially required to be developedamong the managers and leaders of a company in order to carry out business performance in themost effective manner. Present report is based on the case scenario of Nexus Ltd. which is aconsultancy firm based in London. This company aims to develop strategic management andleadership skills among the managers of different business organizations. This report alsodescribes the importance and impact of these skills in the company. Furthermore, this report alsodiscusses leadership strategy which supports the current and future direction of a company.Along with that, SWOT and PESTELEC analysis have been carried out in this report. TASK 1Covered in PPTTASK 2(b) Analysis of the influence of management and leadership styles on strategic decisionsStrategic management and leadership are inseparable from each other. It is because;management performs the functions of planning, organizing, directing and controlling in order toget the work done (Freeman, 2010). Whereas, leadership is the action of leading a team or groupof people in order to accomplish the common goals. Both of them are a key determinant of thesuccess or failure of the company. Leadership styles and management can influence the decisionsbecause right leadership style is required while making an effective and planned decision (Hitt,Ireland and Hoskisson, 2012). There are various kinds of leadership styles which help inmanaging the strategic decisions taken by Hilton Hotel and InterContinental Hotel Group. Someof the styles are as follows:1.Authoritarian Style: In this, leaders take the decision and inform the team membersabout it. Further, this helps in achieving the strategic objectives without any resistanceand conflicts of employees (Eden and Ackermann, 2013).3
2.Democratic Style: In this, leaders encourage the participation of every team members inorder to get better idea for the formulation and implementation of strategic decisions(Hill, Jones and Schilling, 2014). This will help in implementing the ideas in an efficientmanner because; it has been taken with the consideration of every employee.3.Laissez-Faire Style: This kind of leadership allows the employees to take decision bytheir own. The strategic decisions are made by them to get implemented by the company.This will not lead to the resistance or conflicts because employees have their contributionin decision making process.While taking strategic decisions in Hilton Hotel, democratic leadership styles werefollowed because of the diverse cultured employees. This helped the company to have pool ofalternatives so that they can choose effective among them (Wheelen and Hunger, 2011). Thisalso helped the company to face less resistance as the decisions were made after theconsideration of every employee. Further, this helped in achieving the desired target in a lessertime. Furthermore, the acceptance of ideas of people also leads to the failure of business incertain countries as people did not provide authentic suggestions. This happened becauseemployees have less experience about the market. On the other hand, authoritarian styles were adopted in IHG while taking strategicdecision. It is because the hotel has the employees from different background who cannotprovide proper suggestions for the decisions. Thus, due to this reason, leaders imposed theauthority on them. This lead to the development of negativity in their minds and also hamperedthe performance of the organization (Chrisman, Chua and Sharma, 2005). This, however, alsohelped the management to implement the decision without any interference. Therefore, it can be concluded that the business environment of present world is morecompetitive, so organization must use best management and leadership skills for makingstrategic decisions to achieve organizational goals.(c) Evaluation of adaption of leadership styles in different situationsThree types of leadership styles have been discussed in the former question. Thus, thecompany can change or adjust them in different situations (Leadership Styles: DemocraticLeadership Style, 2015). For instance, In Hilton Hotel, currently managers are using democraticstyle. When the sales turnover target is not achieved then management takes the strategic4
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