Strategic leadership and its importance

If visionary leaders were given a blueprint for solving a problem and then strived to align all parts of the company with this new objective, then you would have a strategic leader. Strategic leaders have a vision they are moving toward, but unlike visionary leaders, these individuals do care about the meticulous details and move past inspiration to manage the company to success. If a company is trying to get all departments on the same page toward one goal, or need to streamline processes better to accomplish an objective; strategic leaders are the best people for the job. They tend to think big picture, but they also consider the steps needed to reach the other side.

The Importance of Strategic Leadership

Strategic leaders are known for thinking ahead, preparing for succession, and implementing a strategy. If companies are struggling in these areas, then it would make sense to take a look at bringing in a strategic leader.

The modern workplace has a major issue with leadership succession and strategy implementation:

56 percent of organizations are not ready to meet leadership needs. They are not training up the next generation of leaders to take over after current workers retire.

77 percent of organizations overall are experiencing a leadership gap. The learning and development used to train leaders are largely missing in most organizations.

In a PwC survey, of the 700 executives questioned, only 16 percent were rated as effective in strategy or execution, and eight percent were rated as effective in both.

70 percent of leaders spend less than a day a month on reviewing strategy.

30 percent of companies cite failure to coordinate across units as the single greatest challenge to executing their company’s strategy.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *