Business Leadership & Strategy

1. Business Leadership & Strategy

2. Strategy “Strategy is the direction and scope of an organization Over the Long term, which achieves advantage in a Changing enviroment through its configuration of Resources and competences with the aim of fulfilling Stakeholder expectations.”

3. Every organization has to manage its stategies in main three ares: 1) The organization's internal resources. 2) The external enviroment within which the organization operates; 3) The organization's ability to add value to what It does.

4. Leadership • Leadership is fundamental aspect of strategic management and paramount in strategy implementation. • The ability to anticipate, envision, maintain flexibility and empower others to create strategic change.

5. Strategic thinking, strategic acting and strategic influencing are keys skills for a leader. • It is leaders' responsibility to formulate strategy and create a strategic intent to drive the organization for results.

6. Leardership can fit culture to strategy or fit the strategy to culture compromising performance. • Leadership runs like a thread through all function of mangement to integrate them into a culture of excellencs. • Understading culture is desirable for all but is a must for leaders.

7. Conclusion • It is pivotal for any leader to have a culture awareness in formulation, exaction and evalution of strategy process for any organization irrespective of their purpose of existence. • Ultimately it is leader's ability to strike the right balance between strategy & Leadership and culture to realize organizational effectiveness.

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