Emerson

Strategic Leadership of Emerson Electric Company

Strategic leadership is the ability to anticipate , envision , maintain flexibility and empower others to create strategic change . Strategic leadership is a task that involves working with other people . With the definitions mentioned above , it only shows that strategic leadership is one of the most effective ways on how to make right decisions in implementing strategies that can contribute to the firm 's competence ADDIN EN .CITE Michael A Hitt2002116Michael A . Hitt R . Duane Ireland , Robert E HoskissonStrategic Management : Competitiveness and Globalization 5th2002South-Western

Educational Publishing 5th edition (Michael A . Hitt 2002

There are a lot of ways in which strategic leadership can be practiced One of them is determining strategic direction . Strategic direction pertains to the long-term vision of a firm on its strategies . This action requires a good leader that can help accomplish all the strategic intent . Also , to exercise this , it is significant to always look at the strengths of the firm even though you have to make changes in the old strategies . Another action that exercises strategic leadership is the exploitation and maintenance of core competencies . Core competencies are any aspect of the business that has the ability be the source of competitive advantage for a firm . In using core competencies correctly the firm can maximize its profits as well as become more competitive compared to rival firms . Core competencies can be applied effectively and efficiently only when they are made use correctly but it cannot develop without the presence of human resources . Developing human capital is also a practice that is included in strategic leadership Human capital is simply labor or workforce . These include employees and other personnel of the firm . This is very important because no strategy can be made possible if there are no people who will implement it . The workforce of a company determines the quality and effectiveness of the strategies they implement . Quality people produce quality ideas which will make the firm more competitive in the market they are in . Another practice of strategic leadership is the emphasis on ethical practices Ethical practices are very important since effectiveness of the implementation of strategy is increases through ethics . It greatly affects the firm 's process of decision-making . If the staff of the company has respect and honest with each other , good relationship will emerge that can result to good decisions . Lastly , strategic leadership can be practiced through sustaining an effective organizational culture Organizational culture includes ideologies and values that the firm believes in and stands for . These values serve as the firm 's guidance in doing things and making certain decisions . Strategic leadership is brought about by a suitable culture for an organization ADDIN EN .CITE Michael A Hitt2002116Michael A . Hitt R . Duane Ireland , Robert E HoskissonStrategic Management : Competitiveness and Globalization 5th2002South-Western Educational Publishing 5th edition (Michael A . Hitt 2002

In the Emerson case , examples of organizational culture are their values and procedures that are used in deciding on what strategies to use . One organizational resource in determining...