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LEADING THE STRATEGY by Duyen-Tho Nguyen (Roles of leaders (In strategic…
LEADING THE STRATEGY
by Duyen-Tho Nguyen
Identifying leadership attributes
Leardership:
about changes, influence ppl to change their behaviors in some ways; set direction
Management:
about systems: planning, budgetting, allocating resource, organising and assigining tasks, staffing, problem solving.
Transformation leadership
Transactional:
current activities and maintaining efficiencies;
maturity; decline
Transformational: change shared values, belief, cultures;
birth, growth, renewal
Phase 1:
need for change is felt as a result of strategic thinking; intuitive understanding of environment; strategic analysis
Phase 2:
a transformational leader is required to provide new vision
Phase 3:
embed the changes and make it permanent
Roles of leaders in strategic thinking and decision making
Required in every step of the strategy development process
Rational decision making:
clear, transparent and rigorous internal processes of making decision.
Roles of leaders
In strategic analysis
Setting direction
Strategy formulation and selection
Implementing strategy
What is leadership:
bring about possitive changes in ppl
Trait approach:
leaders are born with qualities to be successful
Behavioral approach:
can be trained;
Blake & Mouton leadership grid
Contigency approach:
suggests matching leadership style to the situation
Business Intelligence and Data Analysis
The nature of strategic leadership:
Encompassing the vision, mission, strategy and structure.
Key roles of strategic leaders:
Strategic thinking:
translate a vision into reality
Strategic decision-making:
use rational approach; 8 step decision-making model
Strategic external and internal analysis
Setting direction
Strategic formulation
Strategic implementation
Communication
Leadership style in strategy implementation
Directing
Coaching
Supporting
Delegating
Risk taker
Care taker
Surgeon
Undertaker
Balancing stability and change
Phase 1:
flexibility to change; stability for current performance
Phase 2:
dev vision and strategy but flexibility for changes
Phase 3:
strategy implemented and embeded
Leadership and Ethics