The impact of management and leadership styles on strategic decisions. Creating a leadership strategy that supports organizational direction. Appropriate methods to review current leadership requirements. Plan for the development of future situations.
The Ministry of Education and Science of the Russian Federation Plekhanov Russian University of Economics Chair of Foreign Languages №1 PROJECT «Relationship between strategic management and leadership» Performed by Bekhoev Shamil Management Department Group № 1420 Moscow 2015 Contents Introduction Chapter 1. 1.1 The link between strategic management and leadership 1.2 The impact of management and leadership styles on strategic decisions in “H&M” Summary Chapter 2 2.1 The impact that selected theories of management and leadership have on organisational strategy 2.2 Creating a leadership strategy that supports organizational direction Summary Chapter 3 3.1 Appropriate methods to review current leadership requirements 3.2 Plan for the development of future situations requiring leadership Summary Conclusion Glossary References Introduction Strategic management as a term and concept is not new. The term was first used in the 1970s, and it meant that a staff of strategic planners more or less thought up strategic programs and then tried to sell them to decision makers. In the 1990s, the view of strategic planning and strategic management is much different. Goodstein, Nolan, and Pfeiffer’s definition of strategic planning takes us away from the notion that strategic planning is a staff job and focuses us more on a process that requires the senior leaders of an organization to set its strategic direction. It is defined as the process by which the guiding members of an organization envision its future and develop the necessary procedures and operations to achieve that future (Goodstein, Nolan, and Pfeiffer, 1992) It consists of the analysis, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. This definition captures two main elements that go to the heart of the field of strategic management. First, the strategic management of an organization entails three ongoing processes: analysis, decisions, and actions. That is, strategic management is concerned with the analysis of strategic goals (vision, mission, and strategic objectives) along with the analysis of the internal and external environment of the organization.
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