Intersection of Strategic Theory and Leadership Application

Abstract

The present paper talks about strategic management theories and how they are connected with the leadership action plan that makes use of these theories to make strategic management work towards the goal of achieving what is predefined as a vision, mission, and values, for the organization, and which helps the organization at all levels of functionality to benefit from this action plan, eventually benefitting the targeted users and consumers, and having a lasting impact on the society largely. The study under consideration explains five important strategic theories, namely, Leadership in Action, Functions of the Executive, Corporate Strategy, the Practice of Management, and Habits. These five theories are explained in detail, and are then represented schematically, and the corresponding leadership role is explained that suits the best with the theory under consideration. The paper gives recommendations to use these theories and action plans as per the need of the organization, concerning a specific problem at hand. The study concludes is limited in its scope as the time constraints of the course, and the restriction to access of online sources only for research purposes, made the study broad and generalized. There is scope for further research on the subject, with a real-life sample group under consideration, in a specific industry, within a specific organization, addressing a specific situation at hand. The study concludes with an optimistic note to assure that combining different strategic theories leads to accentuation of the positives of a problem solving and help in getting the most optimum solution in the least possible time with the most efficient utilization of the available resources, and capital.