- Elgar original reference
Edited by Jonathan P. Doh and Stephen A. Stumpf
Chapter 2: Strategic Leadership: Strategy, Resources, Ethics and Succession
2 Strategic leadership: strategy, resources, ethics and succession Michael A. Hitt, R. Duane Ireland and Glenn W. Rowe Introduction For some time, many business scholars and practitioners have been interested in understanding why some ﬁrms perform better than others (c.f. Barnett et al., 1994; Miller, 2003). While there may be many reasons for one ﬁrm performing better than another, we argue that a prominent reason for differences in performance is the effectiveness of the leadership exhibited throughout an organization (Hitt and Ireland, 2002). Our focus in this chapter is on strategic leadership. Ireland and Hitt suggest that strategic leadership is the ‘ability to anticipate, envision, maintain ﬂexibility, think strategically, and work with others to initiate changes that will create a viable future for the organization’ (Ireland and Hitt, 1999, p. 43). Complementary to this deﬁnition, Rowe (2001) suggests that strategic leadership involves a synergistic combination of managerial and visionary leadership to inﬂuence those with whom they work to make decisions on a voluntary basis. Such leadership, Rowe notes, enhances the long-term viability of the organization while simultaneously maintaining its short-term stability. Clearly this ability must be developed and exhibited by people in leadership positions at all levels and in all areas of the organization. Thus it is necessary not only for maintaining current levels of performance but also for ensuring survival of the organization and superior performance over time. Leaders throughout the organization are responsible for developing and communicating a vision for the organization and for designing a...
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