Strategic Leadership Flashcards
Define Strategic Leadership
The art and discipline practiced by leaders to exercise their authority and responsibility for large complex organizations and the development and implementation of strategies to build and sustain the competitive advantage of the organization to achieve the goals and objectives supporting its mission
What are the 3 descriptions of strategic leadership
Something of unique importance and significant in terms of its impact and long term consequences, Something that is at the highest level or position in a hierarchy, the process and product of developing plans to apply resources in select ways to achieve significant goals and objectives
What are the two environments strategic leaders must operate in
External and Internal
What is the external environment characterized by
Volatility, uncertainty, complexity, ambiguity
What is the internal environment characterized by
Purpose and Primary Mission, Organizational structure, Organizational processes, Climate & Culture
What are the key skills of a strategic leader
Scanning the environment, thinking in time, systems thinking, critical and creative thinking, risk analysis, prioritizing competing interests, balancing competing interests, strategic planning, Communicating, collaborating, directing, coordinating, decision making, political and cultural savvy