In: Economics
The strategic change is significant in an organization because it indicates the means through which a co-alignment can be maintained with shifting competitive, social and technological and environments. The strategic leadership plays an important role in creating a strategic change in an organization. The strategic leadership helps in strategy change via adaption, revolution, reconstruction and evolution. The strategic leadership establish organizational direction with a well considered tactics to communicate the vision and strategy in an organization. The leader’s responsibility includes the formulation and implementation of strategy; thus his ability to envision, anticipate, think strategically, maintaining the flexibility, and work with teams to initiate strategic change can lead to a viable future for the organization.