Leadership: Differences Between Strategic Management And Leadership

1.1 LINK BETWEEN STRATEGIC MANAGEMENT AND LEADERSHIP

Both the strategic management and leadership play vital role in achieving

The organization’s objectives. The strategic management deals with formulating an overall plan for successful running, and achieving the goals, of an organization on the other hand the leadership deals with, how these objectives will be achieved?

The management sets the goals and provides resources while the leadership directs the people for the achievement of these goals.so we can understand that both the good leadership and effective management are necessary for the success of an organization.

Without one of these the organization can’t achieve long-term objectives while if the organization have both the good

In this style the leader holds the decision making power. It’s just like dictatorship. The leader makes the decisions and implement them. In this style the decision making is very quick as the leader don’t need to take suggestions from sub-ordinates.it also increases the confidence of the leader.

DELEGATIVE OR LAISSEZ-FAIRE STYLE

In this style the leader allows every team member to make decisions independently. In this style the leader uses the abilities of team members rather than imposing his own decisions. In this way the team members could work freely and show their full ability and they have chance to improve their skills.

PARTICIPATIVE OR DEMOCRATIC STYLE

This style allows the sub-ordinates to involve in decision making process. The sub-ordinates give suggestions than after completing a whole process the final decision is made. However the leader holds the power to make final decision. In this style the decisions made, are very effective but it needs more time as compared to other leadership styles. overall it is a slow way of making decisions but an effective one because in this process different suggestions are given by different persons so all these suggestions are considered and best possible decisions are

IKEA’s vision and business idea clearly reflects it’s strategy.

‘‘To create a better everyday life for the many people’’, this is the IKEA vision. IKEA’s business idea is ‘‘To offer a wide range of well-designed, functional home furnishing products at price so low that as many people as possible will be able to afford them’’

Source B, I.I.S. 2013 About the IKEA group. Available at http://www.ikea.com/ms/en_US/this-is-ikea/company-information/(Accessed on:12 February 2016) Here are some crucial aspects to IKEA’s success. 1. Making furniture buying an easy task

Before the IKEA existed, people saw furniture as an investment for the next 20 years. This resulted in a lot of anxiety and indecision. So IKEA created products that were nicely designed, if not particularly durable, that were intended to be used immediately and disposed of when they wore out or, more likely, when the user had moved on to a different taste level or purchase strata.

2. PERFECT