Strategic Management and Leadership Skills Development at Nexus

This report examines strategic management and leadership skills, focusing on the case study of Nexus. It begins by defining strategic management and leadership, highlighting their interrelation, and then proceeds to review current leadership requirements in Nexus, utilizing SWOT and PESTLE analyses to assess its strengths, weaknesses, opportunities, and threats, as well as political, economic, social, technological, legal, and environmental factors. The report subsequently outlines a plan for future leadership requirements, advocating for an authoritative leadership style to drive innovation and product development. Furthermore, it details leadership skill development techniques, including building options, recognizing potential, coaching, and training, and identifies appropriate leadership styles for middle and senior leadership positions within Nexus. The usefulness of these methods is then evaluated, concluding that an authoritative approach is crucial for aligning employees with company goals and fostering a successful organizational culture.

Developing Strategic
Management and Leadership
Skills

INTRODUCTION
Strategic management is the initiating planning,
analysing, assessing and monitoring of business
activities.Leadership refers to the art of getting work
done from subordinates or colleagues in a
company.It can be termed that it is an action taken
by a person who is known as the leader of a
respective group.

1.1 Explain the link between strategic management
and leadership
 Strategic management refers formulated and creation of strategies in the
organization. It is vital for an organization to create strategies to achieve the
goals and objectives of the organization (Simons, 2013).
 In order to formulate strategies the firm requires assistance of a leadership
style or theory. Leadership style are used by a leader who tried to implement
strategic change in the organisation.
 It is the leader who is responsible to achieve the targets created by the top
level management. On the other hand management of a company is done
by the human resources. It can be said that it is the ability of the leader to
bring development and growth in the organisation.

Contd..
 Leader will initiate those actions that have to be taken by the employees in
order to meet with the deadline of the strategy. He/she will motivate and
guide the employees so they can feel attached with the work culture of the
company. New strategy can only be created when the firm is bale to meet
with the deadlines of the old strategies.
 The leader will make sure to enhance employee participation so that they
can adapt themselves with the changing environment (Kapferer, 2012).
 This is because while implementing strategic options in the organisation,
there are many changes that comes along with the same. The employees
and staff must be confident enough to understand and achieve the targets
set by the top level management.

3.1 Review current leadership requirements in
Nexus
Swot anlaysis
Strengths-
 Superior growth rate
 Reduced cost of labour
 reasonable revenue and profitability (Frohlich and
Oppenheimer, 2015)

Contd..
Weakness-
 Low market share as compared to competitors
 Low productivity

Contd..
Opportunities-
 Available sources to raise capital
 To increase demand of products
 To raise productivity
 Acquire new acquisition

Contd..
Threats-
 Fluctuating finances
 Increased rate of interest in the economy
 Rigorous competition (Verba, 2015)

Contd..
Pestle Analysis
Political
 Conducive political environment
 Tax policy and regulations
Economic
 Variating Interest and inflation rate
 Credit availability in different markets (Hargreaves and Fink, 2012)
 Fluctuation in the economic environment of different countries

Contd..
Social
 Attitude towards new company
 Buying habits among different markets
 Differentiation amidst social classes
Technological
 Changing rate of technological advancements
 Demand for innovations

Contd..
Legal
 Consumer protection laws
 Copyright and intellectual rights issues (Chemers,
2014)
 Follow up with different legal frameworks
Environmental
 Regulate environmental pollution
 Use of renewable energy

Contd..
Review leadership requirements
Swot analysis and Pestle analysis in Nexus states that the firm requires changing its
leadership style. This is because the current style i.e. is affecting growth and profitability
of the company. The current leadership style is not regulating enough (6 Leadership
Styles, And When You Should Use Them, 2012). The company needs to use a style
which will help improve smooth functionality of the organisation. It is evident from the
analysis that company is facing issues to connect with the customers. Nexus requires an
authoritative leader who can guide the employees so they could meet with the objectives
designed by the company.