There are different leadership strategies

"If your actions inspire others to dream more, learn more, do more and become more - you are a leader."

The above quote by John Quincy Adams highlights the importance of a leader in manifesting organisational growth by influencing fellow employees and team members. Strategic leaders have the ability to envision ideas and put these ideas into actions. The Relationship between leadership and managementis similar to that between parents and their children, with leaders supporting their employees and managers managing the corporational resources.

There are different leadership strategies and what lies common in all these strategies is their components. Professionals starting in their leadership roles and looking to develop effective leadership strategies must know its core components. Several knowledgeable leadership strategy courses online develop the theoretical and practical acumen that leaders need in the 21st century. Amongst these various courses, the well-curated change management certifications from XLRI teach the selective strategic leadership components.

Throwing Light on Inherent Components of Strategic Leadership

The leaders need to work with organisational employees, stakeholders, customers, vendors and other personnel to augur strategies that assist in completing the organisations' milestones. There are specific key components that help in transforming a leader's vision into actionable steps.

The inherent components of strategic leadership include the following:-

• Proper Delegation of Tasks

Allotting and providing a deadline for completing the tasks is the primary component of strategic leadership. Leaders make it a top-priority to assign tasks and duties to their team members, employees or other stakeholders as per their competency and skill-sets. Distribution of tasks increases the collective skill/s, intelligence and resilience in terms of performing responsibilities efficiently.

• Set Stretchy Goals but be Brave to Fail

Setting targets that are stretchy and overachieving is an excellent way of dealing with curve-balls and future organisational mishaps. The leaders make focus on creating a team environment where it's "safe" to fail. It automatically forces the employees to take risks and work out of their comfort zones. Furthermore, employees and team-members get to know that failure is the stepping stone for success.

• Honesty and Transparency

No business or corporation can survive when there's a lack of honesty and trust between employees and leaders. Strategic leadership takes into consideration to create a work-culture that is honest and transparent. Appreciating team-members efforts in public and criticising an employee in private are ways to help develop trust within the organisations. Moreover, conducting regular feedback and listening to employees' inputs makes them feel heard and creates a space for transparency.

• Creativity and Out-of-the-Box Thinking

Strategic leadership relies heavily on creativity. From decision-making stage/s to strategy implementation, out-of-the-box thinking helps understand the processes from different perspectives and provides unique answers to queries. Brainstorming ideas, having regular meetings with board-members and discussions with stakeholders fosters creativity and out-of-the-box thinking.

Strategic Leadership Components: Essential for Robust Strategies

The components, as discussed above, help in auguring strategies that are robust and align corporational objectives. Therefore, it's important to understand leadership fundamentals through various Strategy Courses Online. Enrolling for stipulated change management certifications from XLRI can help young leaders draft strategies that include the core components.

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