The Work of Effective Strategic Leaders

• hardwork, thorough analyses, a willingness to be brutally honest, a penchant for wanting the firm and its people to accomplish more, and tenacity are prerequisites to an individual’s success as a strategic leader.
• The top strategic leaders are chosen on the basis of their capabilities (their accumulation of human capital and skills over time).
• Effective top management teams (those with better human capital, management skills, and cognitive abilities) make better strategic decisions.
• strategic leaders must have a strong strategic orientation while simultaneously embracing change in the dynamic competitive landscape.
• strategic leaders must be innovative thinkers
• Promoting innovation is facilitated by a diverse top management team representing different types of expertise and leveraging relationships with external parties.
• Strategic leaders can best leverage partnerships with external parties and organizations when their organizations are ambidextrous, both innovative and good at execution.
• strategic leaders need to have a global mindset, or sometimes referred to as an ambicultural approach to management.
• Strategic leaders, regardless of their location in the organization, often work long hours, and their work is filled with ambiguous decision situations.
• don't be just a dreamer, be a doer. do something about your dreams.
• The operational term used for a dream that challenges and energizes a company is vision.
• Strategic leaders provide a vision as the foundation for the firm’s mission and subsequent choice and use of one or more strategies.