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Strategy and Leadership: The Importance of Leadership in Strategy Implementation
Strong leadership as Lussier and Achua (2009) point out is regarded one of the most critical strategy implementation tools. In that regard, therefore, the relevance of proper and sound leadership in organizational strategy implementation cannot be overstated. This is particularly the case given that the implementation of strategy remains one of the most critical components of the process of strategic management.
From the onset, it is important to note that the implementation of corporate strategy requires the involvement and participation of the entire organizational leadership team. Essentially, "one of the most critical elements in successful implementation is leadership" (Rabin and Miller, 2005, p. 502). In addition to identifying the departments or units to be affected and putting in place effective change management processes, leaders are responsible for the development of an accountability system that clearly assigns responsibilities...
Given that strategy implementation is a largely dynamic process, managers need to monitor the same and make adjustments where necessary.
According to Fuller and Green (2005), leaders are involved in all five major phases of strategy making. These phases, in the words of the authors, include: "developing a vision and mission, setting goals and objectives, crafting a strategy, executing the strategy, and evaluating performance" (Fuller and Green 2005). When it comes to strategy execution or implementation, the authors point out that the implementation of the selected strategy is a primary or key responsibility of leaders. This is more so the case when it comes to the building of an organization that is welcoming of the strategy. In this case, "the leader builds an organizational culture and an organizational capability for executing strategy" (Fuller and Green 2005). Indeed, as Kathleen Eisenhardt - a Stanford University strategy and organization strategy professor…
References
Fuller, J.N. & Green, J.C. (2005). The Leader's Role in Strategy. Graziadio Business Review, 8(2), 72-89. Retrieved from http://gbr.pepperdine.edu/2010/08/the-leaders-role-in-strategy/
Henry, A. (2008). Understanding Strategic Management. New York, NY: Oxford University Press.
Lussier and Achua (2009). Leadership: Theory, Application, and Skill Development (4th ed.). Mason, OH: Cengage Learning.
Rabin, J. & Miller, G.J. (Eds.). (2000). Handbook of Strategic Management (2nd ed.). New York, NY: Marcel Dekker, Inc.
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