Leadership

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Leadership

• Chapter Thirteen
• Strategic Leadership and Knowledge Management

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The Nature of Strategic Leadership
Strategic leadership is the process of providing
the direction and inspiration necessary to create
or sustain an organization
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Figure 13-1 Components of Strategic Leadership
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Systems Thinking
The ability to process information and understand
its consequences for the organization in its
interaction with the environment
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Strategic Planning

• Strategic planning encompasses those activities
  that lead to the statement of goals and
  objectives and the choice of strategy
• Strategic planning often takes the form of a SWOT
  analysis, a method of considering strengths,
  weaknesses, opportunities, and threats in a
  particular situation

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SWOT Analysis

• Represents an effort to examine the interaction
  between the particular characteristics of an
  organization or organizational unit and the
  external environment

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Examples of SWOT Elements

• Strengths Favorable location, talented workers,
  state-of-the-art equipment
• Weaknesses Unfavorable location, outdated
  equipment, limited capital
• Opportunities Culturally diverse customer base,
  changes in technology, deregulation
• Threats Ecommerce, declining market, new
  competitors

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Business Strategy Levels

• Corporate-level strategy asks, What business are
  we in?
• Business-level strategy asks, How do we
  compete?
• Functional-level strategy asks, How do we
  support the business-level strategy?

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Sample Strategies

• Differentiation
• Cost leadership
• Focus
• High quality
• Imitation
• Strategic alliances
• Growth through acquisition

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Sample Strategies (contd)

• High speed and first-mover strategy
• Product and global diversification
• Sticking to core competencies
• Brand leadership
• Creating demand by solving problems
• Conducting business on the Internet
• Peoplepalooza (competitive advantage through
  hiring talented people)

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Knowledge Management andthe Learning Organization

• Knowledge management is the systematic sharing of
  information to achieve such goals as innovation,
  nonduplication of effort, and competitive
  advantage
• A learning organization is one that is skilled at
  creating, acquiring, and transferring knowledge,
  and at modifying behavior to reflect new
  knowledge and insights

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Figure 13-2 Where Corporate Knowledge Lives
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Initiatives to Enhance Organizational Learning

• Create a strategic intent to learn
• Create a shared vision
• Empower employees to make decisions and seek
  continuous improvement
• Develop systems thinking
• Encourage personal mastery of the job

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Initiatives to Enhance Organizational Learning
(contd)

• Encourage team learning
• Encourage action learning
• Learn from failure
• Encourage continuous experimentation
• Develop political skills to make connections with
  and influence others
• Encourage creative thinking