Relationship Between Leadership and Strategic Management

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One of the vaguest yet most important questions any scholar, entrepreneur, or business leader might ask is the following: What is corporate strategy? Kenneth Andrews,both a scholar and sociologist, explains that the strategy itself is not simple enough to be translated into text.The corporate strategy is instead a network of ideas, goals, and purposes, along with an efficient system to incorporate them with an organizations assets to ultimately bring positive outcomes for the employees, consumers, communities, and shareholders.Using referenced literature resources, the goal of the Masters study is to understand the fundamental relationships between strategic management styles, along with the efficient hierarchal leadership that needs to accompany it to properly implement and obtain creative ideas, corporate growth, and organizational success overall.Instead of taking a quantitative approach, a qualitative paradigm approach was used to understand how organizations properly manage their practices expectations, goals, and end results.The author of this study followed the leadership styles of Kurt Lewin, a psychologist who devoted his career to understanding the effectiveness of three different leadership styles:Autocratic, Democratic, and Laissez-Faire.The thesis was obtained via literature reviews.The conclusions of this study proved that corporate seniors have significant needs for alterations in regards to the "how" of integrating technological advances, diversity requirements, and effective management together.Gary Yukl writes in his work "Leadership in Organizations" (2010) that leadership as a standalone word can be dissected into many more technical terms.Each one of these terms however have their own sets of interpretations from the hundreds of well-known researchers and scientists seeking to crack the dos and donts of effective organization management.With so many research sources on this topic, it becomes obvious that the term "leadership" is not one size fits all; instead, its important for an organization to find the one that knits well with their own policies, employees, and consumer styles.(Yukl 32-40).In this study, the most important keyword for the audience to realize is strategic.To explain why, lets take a look what the referenced researcher defines as leadership.Leadership is the process of guiding individuals within a group or organization to not only fulfill their personal goals, but to also ultimately help fulfill the organizations goals as well.How the leader does this is the management process itself.The integration between both the leadership and management is an art that many companies fail to succeed at.A real life example one could look at is Google Inc.According to an article published by Bloomberg LP, Google has one of the lowest corporate employee retention rates in the United States.While one might ask why, one might see that their management style is skewed.The company is lacking the strategy as so defined within strategic management.The process of strategic management is for the ability to continuously assess the effectiveness of the currently leadership.What Google has apparently failed to do is properly identify the issue in a timely manner to retain that well valued employee talent (Hodges 42-52).Strategic management is the active review and editing process that corporate executives implement to ensure they maintain a competitive edge.They are able to successfully do this via constant evaluations, formations of new ideas, and implementations of new strategies for their employees and consumers.
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