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What is Strategic Leadership?

Strategic leadership is described as the activity of executives, utilizing various management styles, and developing a vision for their business that allows it to adapt to or remain competitive in a changing economic and technical environment. Strategic leaders may utilize their vision to encourage workers and departments, generating a sense of unity and direction among them, in order to accomplish change inside their firm. With new approaches to leadership and company operations emerging on a daily basis, leadership has lately proven its usefulness. As a result, this YouTube video from the Business School 101 channel emphasizes strategic leadership and proposes a few practical strategies for becoming a strategic leader. 

The video describes strategic leadership as the capacity to persuade people to make day-to-day decisions that improve the organization’s long-term sustainability while retaining its short-term financial stability. According to the video, such leaders have the capacity to simplify procedures, enhance efficiency, and stimulate employee innovation. They also ensure that their organization retains an advantage in today’s competitive environment. The video also illustrates the distinction between operational and strategic leadership. According to the video, operational leadership is concerned with problem-solving and finding answers to day-to-day operational concerns and challenges, but strategic leadership is concerned with the bigger picture, which includes developing an organization’s ultimate vision. Moving on, the video outlines some of the most essential abilities that every individual aspiring to be a strategic leader must possess. Vision, goal-setting, comfort with change, communication, teamwork, influence, execution, and optimism are among the main abilities necessary for leadership, according to the video. Finally, the video discusses some of the most successful approaches to becoming a strategic leader. Following these steps, according to the video, may assist a person in developing strategic leadership qualities: 

  1. Thinking about and planning for the organization’s future
  2. Anticipating every risk that the firm may encounter in the future
  3. Communicating effectively and practicing collaboration.

Strategic leadership outperforms operational leadership in a variety of ways. The aforementioned are a few pointers to help you become one of the most successful strategic leaders.

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