When I look at local and global business markets, I see that there is an increasing hypercompetition. Therefore companies should have the right people in their organizations to create a transient competitive advantage. Now it is clear that companies cannot have the permanent competitive advantage.
What is Strategic Leadership in a Hypercompetitive Business World? The answer is not easy. There are a lot of factors!
I think that the following key questions can be valuable for business leaders to create excellence;
Are you effectively managing your company’s strategy-making process?
Do you create a transient competitive advantage? Is it continuous?
Do you make systematic innovations?
Do your leaders/managers select and implement a set of strategies that aim to create growth and profitability?
Do you formulate your short-term and long-term marketing and innovation strategies?
Do you implement your strategies into action? Are they faster than your competitors?
Do you design, deliver, support your products or services? Do you make necessary reconfigurations or improvements?
Do you improve the efficiency and effectiveness of operations; and designing your company’s organization structure, talent management policy, control systems and culture?
Do you make regular competitive intelligence?
Do you make market analysis?
Do you have long-term sector analysis and improve your long-term marketing and innovation strategy development and implementation?
Do you have a power branding strategy and communication with your customers?
Do you have right people and talent management policy?
Do you visit your customers?
Do your employees purchase your products? Do you have quality failures?
Do you follow changes in technology, service and culture in short-term and long-term and its global effects?
Do you apply regulatory compliance and respect to your customers?
Do you have social and environmental respect?
I have to define that general and functional managers should use their knowledge, energy and enthusiasm to provide strategic leadership for their subordinates and develop and implement a high-performing organization.
What are the key characteristics of good strategic leaders that do lead to higher performance in the hypercompetitive business world?
These are;
1- Vision, eloquence, and consistency.
2- Articulation of a business model.
3- Commitment.
4- Being well informed.
5- Willingness to delegate and empower.
6- Astute use of power.
7- Emotional Intelligence (EQ).
Strategic leaders have a clear and compelling vision of where the organization should go. They have to energize people in terms of their vision and create an innovative and customer needs focused organizational culture.
They have to identify and articulate the business model of the company in accordance with the main purpose or its vision. They have to create a business model innovation regarding short and long-term growth and profitability.
They have to create a strong commitment to their vision and business model by actions and words and also examples. Strong leaders or managers should create a respect for people in organization and made them more willing to work hard to create excellence in business.
Strong strategic leaders develop a network of formal and informal sources. So that they should take regular and correct information about what is going on within their organization. They have to be careful about gatekeepers. High-performance leaders are skilled at delegation and empowering. They must often play the power game with their skills and attempts to build consensus for their ideas rather than use of their authority to force ideas. They should act as a member of a team.
Strong strategic leaders should have enough emotional intelligence. It is a bundle of psychological attributes that many strong and effective leaders exhibit.
Do you create a transient competitive advantage? Is it continuous?
Do you make systematic innovations?
Do your leaders/managers select and implement a set of strategies that aim to create growth and profitability?
Do you formulate your short-term and long-term marketing and innovation strategies?
Do you implement your strategies into action? Are they faster than your competitors?
Do you design, deliver, support your products or services? Do you make necessary reconfigurations or improvements?
Do you improve the efficiency and effectiveness of operations; and designing your company’s organization structure, talent management policy, control systems and culture?
Do you make regular competitive intelligence?
Do you make market analysis?
Do you have long-term sector analysis and improve your long-term marketing and innovation strategy development and implementation?
Do you have a power branding strategy and communication with your customers?
Do you have right people and talent management policy?
Do you visit your customers?
Do your employees purchase your products? Do you have quality failures?
Do you follow changes in technology, service and culture in short-term and long-term and its global effects?
Do you apply regulatory compliance and respect to your customers?
Do you have social and environmental respect?
1- Vision, eloquence, and consistency.
2- Articulation of a business model.
3- Commitment.
4- Being well informed.
5- Willingness to delegate and empower.
6- Astute use of power.
7- Emotional Intelligence (EQ).
They have to identify and articulate the business model of the company in accordance with the main purpose or its vision. They have to create a business model innovation regarding short and long-term growth and profitability.
They have to create a strong commitment to their vision and business model by actions and words and also examples. Strong leaders or managers should create a respect for people in organization and made them more willing to work hard to create excellence in business.
Strong strategic leaders develop a network of formal and informal sources. So that they should take regular and correct information about what is going on within their organization. They have to be careful about gatekeepers. High-performance leaders are skilled at delegation and empowering. They must often play the power game with their skills and attempts to build consensus for their ideas rather than use of their authority to force ideas. They should act as a member of a team.
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