A reader writes…
I have been hearing about strategic leadership a lot lately. From what I have read, it seems like a pretty great leadership technique, but I need more information on the topic. What can you tell me about strategic leadership and what it can do for my team?
Thanks for the question. It appears that strategic leadership is one of the new buzz words in business. People are always looking for ways to become better leaders for their company and develop innovative plans to get ahead of the competition. So you want to be a strategic leader, huh? Here are few key points about this type of leadership and what you need to do to make it successful.
Strategic leaders are growth- and goal-oriented. They strive to get the best from their employees. Encouragement, equal expectations, and lead-by-example strategies are what make these leaders the most successful. A sense of equality is rarely seen in large well-established corporations. Employees are more likely to put in the extra effort and go the extra mile if they feel their contributions are being appreciated, recognized, and having an impact on the company and their peers. With this increased input comes a greater level of output in the form of higher productivity. More productive workplaces are much more efficient, cost less to operate, and have an improved rate of return. The increased productivity encourages best practices and streamlined process that are in the best interest of the company as a whole.
Future planning and awareness of the industry are key components to being successful as a strategic leader. You will develop a keen ability to foresee future issues due to growth and expansion. To prepare, additional funding should be invested in educating and providing opportunities for your staff to take responsibility of their future and execute their role in the company as changes begin to occur. The employees will learn to act, think, and work in ways that have the best interest of the company in mind. With proper training and skill maintenance, decisions that may have previously needed additional management approval or second opinions can be made in half the time without expelling and wasting additional resources.
Coaching and mentoring staff is one of the many blocks found in the foundation of strategic leadership. By presenting an inexperienced or new staff member with suggestions and guidance, an entrepreneur can mold and shape this individual into exactly the correct fit for the job. Contrary to managerial leadership, strategic leadership focuses on the potential of the individual and how to best utilize their skills and talents in the long run. The best employees are those who excel in their environment and have a sense of pride in their job.
This video from Carolyn Stevens will help you get more answers to your questions.
I hope this brief overview of strategic leadership gives you a better understanding as to what it is and how you can put it to good use in your office. For fun, take this quiz from CNN Money to see if you “Are a Good Leader?”
Readers: What do you think are your strongest leadership qualities? What types of management styles do you admire most?
Wishing you luck in leadership,