Every business relies on strategic leadership for its ultimate growth and success. Executives use this practice alongside different management styles so they can create a perfect vision for an organization. This vision is a must to stay competitive and remain adaptive in a dynamic economic and technological climate. A Strategic leader will make a plan based on available resources and share strategies with the management to execute this plan with their team’s help. If a strategic plan is executed as per leaders’ guidance and roadmap, then the employee meets its goals and helps it grow in the long run.
The ultimate purpose of strategic leadership is to increase employee productivity; create a workplace that encourages employees to remain independent and creative; and promote innovation. Strategic leaders try to boost the strategic productivity of their employees with the means of incentive and reward programs. When employees get rewards for meeting goals and doing their duties well, they feel motivated and increase their focus on work to do better in an organization.