Strategic Management and Leadership

 

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I MP MPACT ACT OF  MA  M ANAG E ME NT  AN  A ND LEADERSHIP  STY  ST Y L E S ON DIFFERENT WORK  SI T UA UAT T I ONS ON S

 

I MP MPACT ACT OF OF MANAGE MANAGE ME NT AND AND LE ADER SHI P STY STYLE LE S ON ON DI F F E RE NT WORK SI TU TUATION ATIONS S 

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Contents

 Introduction:  ..................................................................... 2  Different management styles: ............................................ 2 Link between strategic management and leadership  functions: ........................................................................... 3 Impact of different management and leadership styles on strategic decisions: ............................................................ 4 How these style can be adapted to meet challenges: ....... 4 Conclusion: ........................................................................ 5 References: ........................................................................ 6

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I MP MPACT ACT OF OF MANAGE MANAGE ME NT AND AND LE ADER SHI P STY STYLE LE S ON ON DI F F E RE NT WORK SI TU TUATION ATIONS S 

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I nt ntrr oduc uctti on: The topic of my paper is basically divided by two parts  –   one is ‘Strategic Management’’ and the other one is ‘Leadership Management Leadership’’. From the last decade, we have witnessed a huge revolution on strategic management research and also writing. Most of the strategic management academics have adopted the logics and languages from economics. Basically, strategic management is a group of decisions which have been made by some senior management persons, which determines the action and long run performance of an organization.  Now what do we understand about the word - leadership? Leader gives lead to the team of a corporation to be on the right track or to do the right job to achieve a certain goal. Leaders make the team confident, encourage them, correct them and show the path how to do the job and what is their ultimate goal. On the other hand, a management personal only manages people and things to do the job properly. In this report, I am going to show, how different management styles can be adopted for Teece.(1991)  different work situations. Rumelt, Richard P., Dan Schendel, and David J. Teece.(1991) 

D i ffer eManagers nt ma mana nag g emto ent styles:many roles in an organization and how they handle various styles: have perform situations will depend on their style of management. But If I specifically say about managing  power, we all have this. We don’ don ’t have to be a professional. Because, every day we manage our work life, family life, relations with other people etc. Depending on person, management style can be different. It also depends on geographical location, culture etc. Some people focus on the bigger picture and some do from the smaller one and break their task by some small parts. So, we can make a category c ategory of four different management styles.  

PRODUCER STYLE  

     

’

What s happening right now Getting task accomplished Driving to get things done Thrive on wining

STABILIZER STYLE        

INNOVATOR STYLE  

Make disruptive changes   Creative   Problem solving   Disrupt the status quo

Respond well to change Create order High quality results Focus on doing things the right way

UNIFIER STYLE  

Respond well to change   Keep coherency   Work well as a unit  

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I MP MPACT ACT OF OF MANAGE MANAGE ME NT AND AND LE ADER SHI P STY STYLE LE S ON ON DI F F E RE NT WORK SI TU TUATION ATIONS S 

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Besides of these styles, some people also have mix of those styles. So, basically it depends entirely on the persons, how they communicate and make decisions, supervise and motivate. There is a range of management styles st yles and all are a blend of thre threee key behaviours. Key behaviours of management styles:  

Task direction: When a manger tells an employee what, when, where and how to do a task. These may involve teaching and training as well as directives and instructions.

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Decision making: How a manager involves an employee in making a decision.

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Relationship building: How the manager forms relationships with employees and creates a work culture for the team. It includes, coaching, motivating, open Wheelen.(2003)   communication and respect. Hunger, J. David, and Thomas L. Wheelen.(2003)

Link between strategic management and leadership functions: There is a significant difference between strategic management and leadership function. So, before linking the two of them, we need to know the difference between management and leadership. MANAGERS

LEADERS

ESSENCE

All about stability

All about change

RULES

They make the rules

They break the rules for the company

APPROACH

Make detail plans

Set definite direction

CULTURE

They execute the culture

They shape the culture

CONFLICT

They avoid conflict

They use the conflict as an asset

DIRECTION

They use existing road

They creates a new road to make the job easier

CREDIT

They tend to take credit

They give credit to all of their team members

DECISION

They make the decisions

They facilitates the decisions

VISION

They tell the vision

They sell the vision and direction

STYLE

Transactional

Transformational

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I MP MPACT ACT OF OF MANAGE MANAGE ME NT AND AND LE ADER SHI P STY STYLE LE S ON ON DI F F E RE NT WORK SI TU TUATION ATIONS S 

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So, these are totally two different things. But if a decision maker or senior management person can play a role as a leader, we can meet the goal very easily. But definitely it depends on his approach or style to the specific job. More successful strategies need to be more experimental and creative. For example, Dell computer system took the strategy to sell their computer directly to the customer. They are cutting off all the middleman and distributors. That’ That’s the way they thought  –   they can  provide their best computer system to the customers at a cheaper price.

Impact of different management and leadership styles on strategic decisions: Basically there is a huge impact of difference management and leadership styles on strategic decision. Before analysing the impact of different management we need to know about the basic model of strategic management. It consists of four basic elements. These are:  

Environmental scanning   Strategy formulation   Strategy implementation  

Evaluation and control

The following factors that are most important to the corporation’s future are called strategic factors: strengths, weakness, opportunities and threats (SWOT). Porter,M.E.(1985)  Porter,M.E.(1985)  We can consider two different style of strategic management, which is,  

Autocratic management style: Where a manger takes all the responsibility and decisions to make a project and doesn’ doesn ’t discuss with his subordinates. He just asks them what to do and how to do. As a result, the project completely reflects the  personal opinion and personality of the manager.   Permissive management style: Where manger involves all the employees to the decision making process and consider the whole work as a team work. As a result, the  project reflects the whole team’s team’s perspective.  perspective.

How these style can be adapted to meet challenges: For example, let’s let’s   assume  –   group A and group B, two groups are making their individual sugar cubes tower in 15 minutes. The highest tower builder group wins the game. Every team has their own manager or team leader. The goal of this game is to find out different management styles and their impact on each team. In group A, every team member is building their own tower under the direct supervision of their team leader. For this group, feeling the current situation is more important than the technical details and the other factors. The team leader only can see the goal ahead and fully determine to win. The emotional link with project is very strong. This is commonly called autocratic management. The manager takes all the decisions and everyone has to obey him- because he knows better. Where group B, first outlined the plan and the project. The approach to this problem is very different from 4|P age  

 

I MP MPACT ACT OF OF MANAGE MANAGE ME NT AND AND LE ADER SHI P STY STYLE LE S ON ON DI F F E RE NT WORK SI TU TUATION ATIONS S 

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the other group. Before starting building anything, the whole team debates on how the tower should be built. But the manager ’s priority is to finalise the concept and he in charge of the whole planning. He always wants as less risk as possible. The precise planning enables this group to achieve the success they want and they can’ can’t be distracted easily. This is called  permissive management style. So, here we have seen two different scenarios to manage a  project and their impact on their job.

Conclusion: The impact of strategic management style and leadership is very important on any  particular project. The success of the project really depends on these factors.

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I MP MPACT ACT OF OF MANAGE MANAGE ME NT AND AND LE ADER SHI P STY STYLE LE S ON ON DI F F E RE NT WORK SI TU TUATION ATIONS S 

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References: 1)  Rumelt, Richard P., Dan Schendel, and David J. Teece.(1991) "Strategic management and economics." Strategic management journal .  2)  Hunger, J. David, and Thomas L. Wheelen.(2003) “ Essentials of strategic management .” New Jersey: Prentice Hall.  Hall.   3)  Porter,M.E.(1985) “Competitive “Competitive Advantage”. Advantage”. New York : The Free Press.  Press.   4)  BAKER,M. and HARTS,S.(1999) Product Strategy and Management. Essex: Prentice Hall. 5)  DICKEN,P.(2003) Global Shift 4th ed. London: SAGE Publications Ltd. 6)  ECKLES,R,W.(199 ECKLES,R,W.(1990) 0) Business Marketing Management New Jersey: Prentice Prentic e Hall,Inc 7)  WEBSTER,S,F.E.(1 WEBSTER,S,F.E.(1991) 991) Industrial Marketing Strategy Strate gy 3rd ed. United States: John Wiley & Sons. 8)  WEBSTER,F.E and WIND,Y.(1972) Organizational Buying Behaviour. Newjersey: Newjerse y: Prentice-Hall,Inc

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