Definition of Strategic Leadership
Strategic leadership is a technique where leaders use the full potential theirs to define a strategy for the organization. They shape the organizational culture and motivate employees to follow the strategies developed on the managerial level to accomplish organizational goals. The strategic leader develops the organizational structure, allocate resources, give direction, streamline the business operations, introduce cost-cutting methods, and cultivate an environment where innovation takes birth.
Strategic leadership’s main objective is to increase productivity and bring in innovation. They use bonuses and incentive programs to motivate and encourage employees to work independently and innovatively to achieve overall organizational goals and ideas.