Management and Leadership
Strategic Management and Leadership
Strategic management and leadership theories supporting organizational direction
TRW
This document focuses on the leadership theories based on transformational and contingency approaches as well as the management theories based on supporting the accomplishment of organizational objectives. It attempts to review the different approaches and deliver a subjective leadership style that will guide the organization to achieving its goals.
Application of leadership and management theories to support organizational direction
Organizations exist to make profit. That is the sole purpose of corporation and combined companies. Effective organizations are those that are able to adapt to ever changing forces in the general and task environment. Therefore strategic management plays a vital role in helping organizations achieve the means necessary to gain profits and build customer loyalty.
Strategic management is the set of decisions and succeeding actions taken by management that will provide a competitively superior fit between the organization and its environment.
Theories
Following is a summarized review of the existing theories of leadership and management that are coherent in maintaining organizational direction with the set path.
Leadership
Leadership is defined as the ability to influence people toward the attainment of goals (Daft, 2008). This definition captures the idea that leaders are critically involved with other people...
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