Strategic Leadership And Different Levels Of Business Success Defined By Bill Mcbean Essay

‘Strategy is the direction and scope of an organisation over the long term, which achieves advantage in a changing environment through it’

Strategy is a set of complicated tactics formulated by the executives of a company directed towards the achievement of company’s goal (Salmela, 2002). It is about all the path ways that a company would follow to reach its ultimate goal. It is a company’s strategy which helps to identify what it does better than the other companies in the industries, which may be different from what it does best. For successful strategy formulation and implementation, a company should know the needs of customers and should have knowledge of its competitors. Through a good strategy a company would identify that opportunity which makes it different from the others (Thompson, 2005).

Strategy is the direction and scope of an organisation over the long term which achieves advantage for the organisation through its configuration of resources within a challenging business environment to meet the needs of markets and to fulfil stakeholder expectation (Tutor2u.net, 2016). Strategy includes the movement arrangement of a particular organization for building focused advantage What 's more expanding its triple end result again those long haul. Likewise, the action plan identifies with accomplishing the monetary, social, furthermore biological execution destinations; basically, it serves span the hole between those long haul dream What 's more short-term choices. sometimes strategy is more about you actually do rather then what you intend to do which mean our real strategy emerge as we do it and may not line up with the plan (YouTube, 2016). In addition, high level of orchestration and vision is very essential in order to achieve overall goal. The Morden day executives need to develop a set of complex tactics that will lead to success and a good strategy should answer four key question which are where to compete, what value to be developed, what are the resources and capabilities to be used and how to sustain unique value (YouTube, 2016). Strategy may be generally regarding utilizing inside aids on make quality included

The authors define strategic leadership as “when individuals and team enact strategic leadership when they create the direction, alignment, and commitment needed to achieve the enduring performance potential of the organization” (Hughes, Beatty, & Dinwoodie, 2005, pg. 10) The focus of strategic leadership seen in this definition is to bring about the “enduring performance potential of the organization” which basically means the organization will thrive in the long run (Hughes et al., 2005, pg.11). This is the reason why alignment, direction and commitment are given (Hughes et al., 2005).

The leadership plays a vital role in the success of any organization. In the telecom industry, leadership plays a vital role for transformation and trust among the customers and the company (Dowling, S. 2010). The main role is the leadership styles of various leaders in the mobile industry. This paper discusses and analyses the leadership style of Steve Jobs at Apple Incl. Apple is known for high innovation and employee satisfaction. The company is main contributor to the design aspect of the modern computer and smart-phone industry. The main contributor to the same is Steve Jobs. Steve through transformational leadership and through people oriented attitude created the Apple Inc. The company is known for simplicity and high

“A sly rabbit will have three openings to its den” it’s an old traditional Chinese proverb. The same applies to strategy. In this fast growing and dynamically changing business world a single strategic plan won’t suffices lifetime for any industry. To be strategic means to have a foresight. Defining an objective and achieving it by going against the hurdles. It is difficult for an organisation to foresee into the future in this rapidly changing business world, problems such as globalisation, rigid organisational structures, new regulations every now and then, complex alliance and partnership. There are many different definitions for strategy. What I understand about Strategy is that it’s a long term directive to an organisation. Corporate strategy is termed as finding organisational objectives and goals and planning and action to achieve those objectives. Strategic planning is done by organisations keeping in mind few main areas. One is the external environment of the organisation is unpredictable, any new rules and regulation can be imposed. Next is an internal resource of the organisation, before making any future plans organisation must consider its internal resources. And thinking before adding new values to organisation to what it is today. (Clegg, 2011)

Strategy: Johnson et al (2005, p9) argues, "Strategy is the direction and scope of an organisation over the long term, which achieves an advantage in a changing environment through its configuration or resources and competences with the aim of fulfilling stakeholder expectations."

Strategy focuses on the ways to be dynamic with an organised plan to achieve a goal or benefit within a firm/corporation.

Alfred Chandler(1963) defines strategy as ‘ the determination of the long-run goals and objectives of an enterprise and the adoption of courses of action of an enterprise and the adoption of courses of action and the allocation of resources necessary for carrying out these goals’. And Michael porter(1996) sees it as ‘Competitive strategy is about being different. It means deliberately choosing different set of activities to deliver a unique mix of value’.

Strategic leadership is defined as the ability to anticipate, envision, maintain the flexibility, think in strategic manner, and inspire change. It is essential to have a competent strategic leader as this will impact the performance of the firm directly due to being in the position to make crucial decisions on behalf of the firm (Ireland et al, 2005).

Strategy is an elusive term and is defined in various ways by a number of authors. Broadly, strategy is referred to how the goals, objectives and mission of the organisation will be achieved (Jonas 2000). In relation to this, strategising is the processes through which a company meets these goals (Jarzabkowski and Fenton 2006). Organising refers to the formation and implementation of the ‘structural practices and co-ordination processes by internal stakeholders to enact the

"Strategy is the direction and scope of an organisation over the long-term: which achieves advantagefor the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations".

Johnson, Wittington, Scholes, Angwin and Regnér (2014, p. 3) defines strategy as ‘the long-term direction of an organisation’.

A strategy is an expansive based equation for how a business is going to contend, what is objectives should be, & what arrangements & approaches will be obliged to do those objectives (Porter, 2008).

Chandler (1962) defined strategy as “The determination of the basic long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources for carrying out these goals”. Strategy is related to long-term goals, policies and major issues of the business which determines the success or failure of the organisation. In simple words, strategy is something which accomplishes the firm’s goals. Strategy is about being different from competitors by performing better (Magretta, 2002). A strategy of an organisation should not be changed very often and should be planned for long-term because strategy needs a period of consolidation. Businesses follow strategy to have a competitive advantage over the other firms in the market.