Strategic Management and Leadership Essay

2367 Words Feb 17th, 2011 10 Pages
Q1. Explain the link between Strategic Management and Leadership
The strategic management process helps institutions identify what they intend to achieve and how they will accomplish outcomes. The term strategic management is used to refer to the entire decision-making process. Strategic management must evolve by predicting the future (more effective planning), thinking strategically (increased responses, evaluation of strategic alternatives and dynamic allocation of resources) and creating the future (strategic planning through orchestration of all resources to create advantage) (Gluck, Kaufman & Wallach, 1980). Therefore the orchestration of all resources within an institution, strategically driven by a flexible planning process
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It is interesting to observe, under directive leadership, that the interaction of age and type of organizational structure in combination with the satisfaction, commitment, communication and effectiveness, in the present organisation is positively and statistically significant. Older leaders can draw on their years of experience to specifically make decisions with greater degree of confidence which younger managers do not seem to possess.
Empowering leadership style is the extent to which the managers attain desired objectives by leaning subordinates or others to make their own decisions, share a consensual decision-making process with their subordinates or others to achieve their objectives. In this scenario, the resulting decision is a joint one between the managers and subordinates. Transformational leadership style, on the other hand, shares a consensual decision-making process with their subordinates or others to achieve their objectives. In this scenario, the resulting decision is a joint one between the managers and subordinates. Therefore, the managers that hold a University degree, use both of the two leadership styles and data shows that, they have a positive relation with the satisfaction, commitment, communication, and effectiveness.
Transactional leadership style is the extent to which the managers discuss matters with their subordinates or others before they decide what

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