Developing Strategic Management and Leadership Skills

Research Paper (postgraduate) from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: B, Prifysgol Cymru University of Wales, language: English, abstract: Strategic management is the overall activities of the managers to carry out the mission, vision and values of the organization. It is different from management in the field of analyzing the vision and mission of the organization. Strategic plan is prepared in the phase of planning. Leadership is the process of motivating employees to achieve goals set by the strategic plan. In different business situations leadership styles gets different. In fact specific situation leads to the adoption of a specific leadership style. In achieving a vision a strategic direction is set for achievement. In strategic direction the identification of the strategic driver is crucial because based upon these firm employ resources to achieve goal. Leadership style differs greatly in different situations. In evaluating leadership inside and the outside of the organizational factors have an influence. In case of visionary leadership the future visions are set according to present firm’s performance.