Therefore, the leaders job become to endorse new strategy and provide resources for the implementation (Boal, 2000).
Second, most business strategies fail not because the strategy is inherently flawed, but because the strategy is not properly aligned with the organization's leadership or culture.
Therefore, the key tasks of leaders are to create a sense of urgency and ensure that corporate strategy is aligned with the culture of the organization. In this regard, leaders need to understand the need for right people, right processes and right methodologies that are essential for companies to be competitive and grow.
Third, the gist of strategic planning is to inspire people for the innovation in the organization. The formulation phase of strategic planning sets strategic direction, defines the related criteria and frames overall strategies. This formulation involves an external assessment that includes understanding how existing and future innovation could affect strategic businesses, offerings and opportunities. The strategic phase of change management is where determinations are made as to the degree and type of change required to achieve the strategic direction....
For instance, the core business processes required to achieve a specific strategic direction may need improvement, redesign or re-engineering.
Innovation requires that teams, specialized units, and whole organizations can become technology brokers (Allerton, 2000). Only by linking the incentives and rewards of the team members with performance, leaders can inspire its people for brining new products sooner than the competitors can. By demonstrating the direction for innovation, the leaders can ensure broad support for change in the organization. By ensuring that organizational teams possess necessary talent and chemistry, the strategic leaders can prioritize innovations, while monitoring for ongoing alignment, synergy and cumulative achievement of strategic results.
References
Allerton, Haidee. "Leadership a to Z." Training & Development Journal 54, no. 3 (March, 2000): 58-61.
Boal, Kimberly B. "Strategic Leadership: Research: Moving on." Leadership Quarterly 11, no. 4 (Winter, 2000): 515-549.
Kipp, Michael F. "The Strategic Leader - Finding the Key Dimensions of Leadership." Strategy & Leadership 27, no. 4…
