DEVELOPING STRATEGIC MANAGEMENT AND LEADERSHIP SKILLS Essay

Introduction lead and concern, these argon two words we sub political course of instruction on change statea twenty-four hours base. But the questions exchangeable how do we realise healthy submiting, what qualities, attitude, title and behaviour do they exhibit, ar frequent. The power to lead is non connected to education, although approximately loss loss attr operations argon intelligent great chain reactor. M both qualities ask for a loss drawing card ar in like manner possessed by managers. at that place ar interconnection between attractions and managers. Organisations intention to win leading among employees has been in process. It is beca go for they realised the potentials of untroubledness attractership. drop deaders and managers dictation a signifi sackt role in change another(prenominal) practitioners to develop the indispens sufficient capabilities in a climate of signifi pilet change and develop handsts. I think, by ontogeny our lead expertnesss, we atomic number 18 assured a much rewarding and successful c argonr. on that point is no doubt that, lead potential dope be essential. With commitment, effort and practice, anybody great deal move beyond the skills you ar innate(p) with to be an excellent leader.The closely risky lead myth is that leading argon bornthat in that location is a genetic factor to leadinghip. on the wholeegory asserts that mountain simply either re magical spell sealed charismatic qualities or non. Thats nonsense in fact, the opposite is true. Leaders argon brand name alternatively than born.Warren G. Bennis. Globalisation has turn outed in diversity. To maximise contri only whenion, each presidential term and its managers argon straight course challenged with creating inclusive on the job(p) environment. They invite to as reliable utile lead trend and cultivation to set up trust and impelling alliance. rapid economic changes pose new opportuni ties and threats. Leaders argon supposed to face those moorages. For managers the world keeps changing. It changes from hour to hour, twenty-four hours to day and week to week. The strategies that were legal yesterday argon not necessarily effective in the identical internet site today-QuinnLook much strategicalal focus process es sayIn rig to face the growth competition in the market, it is very(prenominal) urgent for organisations to build potential leader. Developing strategic focussing and lead skills should be a crock up of organisations actions.1.1 Explain the concern between strategic instruction and lead strategic Management consists of the abstract of any organisation, conclusiveness make and necessary actions in enounce to create and give birth warring advantages. That is strategic management is concerned with analysis of strategic goals, along with analysis of external and internal conditions of the organisations. Then pickings necessary closing s and implementing those determinations systematically to get the competitive advantages. strategical management, popularized during 1980s. The proceeds deceases vital subroutine to the success and failure of the organisation. unremarkably it is loted as the state for the oerall statement of the rudimentary law sums up what strategic management is all near. It displace also define as the process of identifying and writ of execution the organisations strategic goals (mission, vision and objectives) by matching its capabilities with the demand of its environment.Strategic management contains a set of managerial conclusivenesss. lead is the ability of a person to get other al miserable foringly to follow. In a simple world leadership posterior be define as the ability to transmogrify vision into reality. Strategic leadership provides the vision and direction for the growth and success of an organization. It conducts fashioning wise and look at choices about how , when, and with whom to lead. A slap-up manager is now by definition a leader. Equally, a good leader testament also be a manager. Majority of practical hoi polloi are changele primarily in what they throw to do, and not whether it should be labelled leadership or management or both. It is very true that I have give tongue to that I considered Napoleons presence in the field equal to forty thousand men in the balance Duke of Wellington. difference between strategic management and leadershipManagement leadintend to propose, organize, co-ordinate and evaluate Job is to inspire and activate management administrate the organisation Leaders premise Management tries to maintain the organisation Leaders tries to develop Focused on system and structure Focuses on wadThey focus on the present situation They look towards emerging React to problems and issues Pro mobile to issues and problem Prefer to control Knows how to delegateMinimising risk victorious riskThere are thou sands of examples for leaders in the world. bull Welch, he hold uped magic at GE in the 1990s. Lou Gerstner, the brain behind the successful reverse of IBM. Their books about their exploit, success and philosophies of leaderships became best sellers. 1.2 Analysis of restore of management and leadership paths on strategic end There are antithetical leadership and management dahs. opposite entitles survive good in incompatible situations. They are found on divers(prenominal) speculations and theories. Strategic decisivenesss taken by leaders depend upon their elan. The modality used by each individual forgeting be based on their beliefs, value, ethical views and preferences as well as the organisational culture and norms which pull up stakes encourage some modal values and discourage others. 1. Autocratic leaderIn this style, leaders take ending without considering or consulting with others. This style work well when in that location is no acquire of countersi gn or the discussion would not bring any changes or the motivating of people exit not adverted with or without discussion. 2. Democratic styleThe leader involves employees in the close do. This kind of style is usually appreciated by the employees or subordinate. This style would bring problems in a situation where on that point are wide ranges of spirit and in that location is no well-defined behavior of taking the final decision.3. Situational leadershipThis style of leadership is based on the assumption that best action of the leader depends on the situational factors. When a decision is take uped, an effective leader does not fall into a iodine style. 4. Transactional leadershipThe assumption behind this kind of leadership is that people are actuate by rewards and an organisation work well with a clear chain of command. This kind of leader works thorough creating clear structures. Subordinates jobwill be well defined and also the reward they get for following the g rades. Punishments are not al bearing of lifes mentioned, but they are also well-understood and lump systems of discipline are usually in place. The kickoff stage of Transactional leadership is in negotiating the contract whereby repair the salary and other benefits of subordinates, and the fellowship (and by insinuation the subordinates manager) gets authority over the subordinate. subsequently allocating works to subordinates, they are responsible to do it, whether or not they have the resources or capability to hire it out. When things go wrong, then the subordinate is considered to be in person at fault, and is punished for their failure (just as they are rewarded for succeeding).5. Transformational leaderThis style is based on the assumption that employees will follow a leader who motivates them and a person with vision and passion enkindle set out anything. Transformation leadership start with the teaching of a vision, a view and path to incoming. That will turn on and converter the employees. Transformational leaders are so committed invariably. They continuously work to motivate the giveners.Decision do nooky be affected by leadership style. The key elements of leadership are 1. Understanding their stimulate face-to-faceity and understanding others 2. Understanding the situation 3. Applying grant skills and techniques.Leaders having disparate styles faeces have diametrical levels of key elements. So the way and level in which they identify their temper bottom of the inning differ. They responds to a corresponding situation by different leaders can transmute. lead and management style acquire key in the sense that you cant lead people in the same way as you did in the past if you want to get their talents and obtain efficient performance.Autocratic decisions are handed set down to the team without discussion or vote. But that decision is necessary sometimes. Especially when a strategic decision take to made pronto. T he advert of this style is for legion(predicate) people, this style feels harsh, a great possibility of demotivation. peace of mind of peopleassured leader can examine consideration and compassion for team while utilise the Autocratic style, even though the team is not directly involved in the decision. There are situations in which leader wants input from employees or teams. Leaders, uses pop style workout that situation well. This kind of decision- devising allows for restless participation from the team. But of group and personal responsibility is the disadvantage of this style.IBM prefers transformational leadership style, so that leaders are paganly correctable and can unleash IBMs energy and can execute strategies well.There is a common thought that leaders who listen considerately to their followers opinion before making final decision get good result as compared to non-listeners. In the case of democratic style, the leader gives up ownership and control of a decisio n and allows the group to vote. Advantage of this style is fairly prodigal decision, and an amount of group participation. No organisation or leader can implement a single style to deal with the multitude of decision that necessitate to be made during change process (Nancy, 2007). British petroleum, a major energy telephoner globally in terms of oil and flatulence deserves, play alongs growth has been accompanied by a number of accidents and safety-related violations which have had tragic environmental and personal consequences.Lord Browne joined BP as an apprentice in 1966 and became group chief decision maker in 1995. He was a charismatic leader, and he has brought lot of success to the confederacy. But he was squeeze to resign in 2007 due to a personal scandal. Charismatic leadership style got few drawbacks. The complaint against Lord Browne was administration by media and traffic associates fuelled his charismatic style and he ignored day to day vegetable marrow ba rter activities.1.3 How leadership styles can be adopted to different situations? Success of an organisation or a group dependent on the effectiveness of the leader. Leaders success depends not solitary(prenominal) on who they are, but the style they adopt, action and reaction to unlike situations. None of the leadership style is appropriated in all situations. Emergence of discipline engine room and globalisation has drastically changed the expectation and behaviour ofthe people in the organisation. In that respect, leaders must(prenominal)(prenominal) understand the different leadership styles effectively and appropriately. Leaders must be up to date of the situations. Leaders must be prepared to mistreat in and scan the way in all kind of situations. disparate style can be adapted to different situations in relation to 1. Business- situations 2. Types of team players involved 3. merged culture Business situation This is a fast-changing world, technological changes, eco nomy changing, weather changing and so forth In much(prenominal) a situation a leader cannot lose the sense of changes. Business situation doer competition, market changes, market share, financing, world economy, sense of requirement in fianc and talents. We know that lavishly risk situation involve very ardent and active appointment by the leader to keep it control. The people or team fellow members In every organisation, there will have different kind of employees or members.Differ by characters, talents, skills, attitude etcetera identifying the team members is a tough task. In the changing situation, whether the team members are competent and committed. The corporate culture There is no doubt that the culture in the organisation will influence the leadership style. The more conservative the organisation culture, the more leaders will feel touch to stay on the right side of the model. poop Welchs leaders Style jack Welch, he was the youngest chief executive officer of common electricals history. He made a resolution to transform GE into one of the world openhandedgest firm. With his queer leadership style and character, Welch made history during his 2-decade journey at GE. His way of leading was based on some concepts. Lead, not manage- according to him leadership can be found in as long as they come up with good desires and can poise rather than depress and control. Get less imposing Jack doesnt wear ties to work he often holds informal encounters and encourages everyone to lighten up. Informality inspires people to have more ideas and it is one of the keys to GEs success.No bureaucratism Welch wished that each employee should work on getting rid of bureaucracy every day. bureaucracy can be the most stubborn disease, it can waste and slow down decision making process. Face reality company was losing its market values and there was too much bureaucracy when Jack Welch joined the company. He realised the realities and brought out st rategies andinitiatives that made things make better. Simplify the furrow his goal at GE was simplify the ancestry. He didnt think that subscriber line had to be involved. He tried to eliminate complicated memos and letters. Change He initiated the necessary changes to make GE a far more flexile and competitive organization. He made change a part of GEs shared value.Change, according to Welch, doesnt need to upset things or make things worse. It can mean opportunities, good ideas, new business or new products (kevin, 2007). Lead by energizing others, not managing by authority Welch called his leadership ideal line less, which means an open organization, free of bureaucracy and anything that prevents the free flow of ideas, people and decisions (kevin, 2007). His choice was animate others to perform well. Lead by doing- one of the leadership style adapted by GE nurture technology is precise to the early of GE. As a key pipeline for future leaders of GEs best global IT organization, the Information engineering leaders Program delivers continued education with over 12 weeks of technical, project management and leadership train over the two classs (GE, 2013). The job denominations and reading are designed to enable participants to use their information technology experience to disgust some of GEs strategic business initiatives (GE, 2013). Each assignment and training experience is global allowing participants to travel to other countries, work with colleagues from around the world, and make an impact on products and services that make the world better (GE, 2013)2.1 limited fall over the impact that selected theories of management and leadership have on organisational strategy Situational theories or incident theoriesThose theories began in 1960s. The basic assumption behind the theory is that individual characteristics make them suitable leaders completely in genuine situations. Each situation requires a leader to vary behaviour to fit the conditions. In other words, there is no right or wrong way in leading all the time. Fred Fiedlers contingency theoryIn 1967, Fred Fiedler proposed his contingency theory. His objective was to convey out when a task lie attack would be more effective and when arelationship oriented approach would be more effective. He explained that task oriented leader very effective when conditions are either very gilt or which are very negative to the leader. When conditions are favourable, member relations are strong there is a positive relationship between the group and the leader and the task is clear and structured the group members are ready and instinctive to work, and their energies can be rivet on the goal. Task-oriented leaders are effective because they suffer job performance (Henman, 2007).According to Fielder, the relationship oriented style is more effective in situations which are intermediate in favourableness. When an intermediate situation is present, the leader can he lp to build confidence and gumminess by focvictimization on the personal needs of the individuals (Henman, 2007). Hersey and Blanchard theoryIt is another situational theory. This theory was introduced 10 year after Fiedlers theory. First of all capital of Minnesota Hersey and Kenneth Blanchard assume that leaders are more flexible than Fiedler does. They explained that leader should change behaviour as the pursuit maturity increases. This is the first of the situational theories to address the element of follower maturity.They point out that variables of maturity should be considered only according to a specialised task. That is, following are not mature or light-green in any total or chronological sense rather, they have varying degrees of maturity depending on knowledge of or experience with a particular goal (Henman, 2007). Leader-style theoryThis theory was introduced by roar and Yetton. They explain the different shipway leader can make decisions and necessary guideline s for leader in order to determine the extent to which subordinate should participated in decision making. Charismatic leadershipCharisma, as explained by gook Weber, is a certain tonus of individual temperament, by virtue of which he or she is apart from so-so(predicate) people and treated as a personality with exceptional power or qualities. On the basis of this, they are considered as leaders.Each theory differs slightly. That indicates that there is no one best among all types of style. favored leader is the one who can adapt to the changes. An effective leader needs to diagnose the needs and wants of pursuit and then react accordingly.The impact of different theories of management on organisational strategy will be different. IBM needs extraordinary leaders who can create high-performance work climates and foster employee engagement people who not only succeed but enable others to as well. A disciplined process of identifying and developing high achievers and leaders has been a main stone of IBMs strategy to regain market leadership in the IT industry. In order to build a pocket billiards of leader for the future strategies, IBM has been establishing periodically refreshed ticker competencies for all IBM employees. They have a pervasive use of competencies for emergence, succession planning and selection.The impact of different leadership theory on strategy can be explained as follows. For example lets consider contingency theory. As Fiedler explained, task oriented leaders are very effective when conditions are favourable or unfavourable. When conditions are favourable, members relations are strong, there is a positive relation between team and leader. thereof new strategies can bring and work it out well so easily. In unfavourable circumstances or in stressful situations, a leaders structure and control can remove undesirable ambiguity and the anxiety that goes with it. Hence effectiveness of strategy can be maintained. In an intermediate situ ation, relationship oriented style is best. The leader can help to build confidence and gluiness by focusing on the personal needs of the individuals. That was the approach adopted by Jack Welch, GE.2.2 have a leadership strategy that support organisational direction leading strategy for frequent ElectricsThe General Electric Company, or GE, is an American multinational conglomerate confederation incorporated in New York. Company operates in five sectors via energy, technology infrastructure, capital finance, consumer andindustrial.It has been almost a decade since Jack Welch retired as GEs chairman and CEO, the brain behind the success of GE. The company continued success is an immortal line from doubting Thomas Edison, inventor of the light bulb and founder of GE. The ongoing CEO of GE is Jeffrey Immelt. The strategy of GE is growing by focusing more on expanding business and creating new ones than on making acquisitions.Jack Welch and Jeffrey immelt are considered to be the most influenced business leaders. If we consider their way in which they lead, and their decisions, it is clear that they preferred transformational leadership style. nevertheless though both used the same style, Jack Welch had been more extreme than his successor. lead strategy choosing a best leadership style is the major step in leadership strategy. Leadership at company like GE is very crucial. Transformational leadership style is better for GE. They have the story of success using the same style. Transformational leader is able to influence his followers and make them do more than what is expected from them, what they were willing to do and often more than what they thought they were fitting of.Transformational leadership is, a process that changes and transforms people. It is concerned with emotions, values, ethics, standards, and long-term goals and includes assessing followers motives, satisfying their needs, and treating them as full charitable beings- (Northouse). T he reason behind the selection of this leadership style is this style motivates the followers. The leader and followers are well aligned in this system. A transformational leader can motivate the followers by setting gainsay goals. Transformational leadership is composed of four key elements, influence, inspirational motivation, intellectual stimulation and individualized consideration.This will be the one of the best style that can be engaged in GE environment. The transformational leader has also the capacity to involve his followers to envision the future of the company by communicating them attractive goals and expectations and by showing them a strong commitment to apply these expectations and to be in line with thevision he shares (Riggio). Transformational leaders encourage the followers to be yeasty and innovative.We have seen the different leadership style and their impact on organisation. compensate though, no particular leadership style is better always. It depends on the situations. The best style GE can use is transformational leadership because of its unique advantages. Transformation leader can take risk, as Jack Welch did in GE.Leadership strategy makes univocal the number of leaders postulate, and what kind of, where, with what skills and styles. GEs corporate strategy is to expand instead of alliances. So they need thousands of leaders all around the world. The leaders should have collective capabilities like providing direction, motivate the followers, lovable employees in decision making and to gain their active support in implementing planned cross-functional actions, implementing successful innovations, adapting to change, ensuring transparence just like former leaders, developing talents and being responsive to customers like Jeffrey Immlet. Since the corporate strategy is comely more global, it require greater cultural predisposition among leaders, enhanced representation of different geographies at superlative degree level, e nhanced language skills to enable cross cultural relationships and greater understanding of local laws and business establishment in strategy making.3.1 Use appropriate methods to review current leadership requirement We know the all important(predicate) of leaders. It is very necessary to identify the leadership counterpane in any organisation so that blow over management can take necessary actions. both(prenominal) of the best and most venerable organizations are helplessness to adapt to change, implement their strategic plans successfully or prepare for a more uncertain future because of the reason that they failed to forecast the leadership requirement. Organisations need to debar the risks associated with inadequate leadership and need to prepare better for its current and future leaders.Leadership requirement for General ElectricsLeadership programs are amazing at bottom GE that are designed to build the neighboring coevals leaders. These programs build perfect found ation for accelerating arresting and development in a particular domain, from commercial to operations, from benignant resources to information management, from finance and communications to technology (GE, Leadership Programs, 2013).There are more than 300,000 employees in GE. The company operates through different sector. GE consistently ranks as the most admired and respected company in the world. Profit of GE grows consistently. Company serves customers in more than 100 countries. Before flavor for leadership requirement, need to understand the corporate strategy.Leadership requirement can be planned based on that. CEO of GE believes that ideal situation for a global firm was to have its factory on a barge that you could move around the world to wherever it was the best competitive environment at the time. Their strategy is to expand business globally, instead of just looking for alliances.Fast moving Globalisation opens new opportunities for a global firm like GE. Hence lead ership requirement at GE is tremendous. They need leaders at various levels. The company is focusing on margin expansion, new product and service launches as well as growth from emerging economies to drive growth its industrial businesses in 2013. Additionally, the natural gas revolution, increased global investment in infrastructure, and low interest rates in developed countries will provide further momentum to its earnings growth in 2013 (team, 2012). These new strategies hopefully drive them to big success. But they need leaders not only in quantity but also in quality.3.2 Plan for the development of future situations requiring leadership demand of leaders in the GE increases. Leaders are not only required in the exceed level but also in the various bottom levels also. A good leader is always prepared for the any kind of challenge. He acts quickly and accurately according to the given situation. We can say that a good leader takes the right decision at the right time. Leadership plan and programs are necessary for the development of future situations requiring leadership. Leadership Programs GE has various leadership programs. As part of their strategy to achieve commercial excellence and drive constitutional growth, they are developing a pipeline of strong sales and market leaders at GE throughthe moneymaking(prenominal) Leadership Program (CLP).CLP offers a curriculum that boosts the development of commercial skills and techniques that are critical to success in all GE businesses. CLP prepares candidates for a successful career in sales or commercial operations by providing the opportunity to learn about GEs products, industry, and customers while making rich contributions to the on-going success of GE. Those programs are very effective. They need to add more values to those programs. Candidate should be aware of the changing market, technology and global economy. Leadership opportunities even though, GE spent more than $1 one thousand thousand a nnually in training and development of programs, a global company having more than 300,000 employees and constituent in more than 100 countries, that one billion is not an adequate amount. As compared to their profit growth, they need more to build leadership qualities in their employees. mankind resource leadership program In GEs gracious Resources Leadership Program people are gaining real-world business experience, contributing to GE businesses and getting in line for HR leadership roles crosswise the company.HRLPs can build countless HR leaders in spite of appearance GE. experient commercial leadership programs The undergo Commercial Leadership Program (ECLP) prepares MBA graduates and experienced professionals for GE leadership roles in merchandise and sales. The biennial rotational program offers opportunities for individuals to drive growth within a business, experience initiatory commercial and leadership training, and be part of a global network of marketing and sales leaders 4.1 Plan the development of leadership skills for a specific requirement Leadership skills are the key ingredient required for a good leader. Some would say key ingredient in management. The basic leadership skills required in most situations are same. But under certain specific condition, they need specific skills. The basic skill required for leaders are explained below.Integrity this is the basic quality of a leader. This quality makes people trust the leader. pull is essential in all human relations. government agency it is essential quality for all leaders. Developing impudence is the preliminary to becoming a leader. Self-awareness People who have a high degree of self-awareness recognize how their feelings affect them, other people, and their job performance. They can speak openly and accurately about their limitations. Self-regulation People who are in control of their feelings and suddentemptation are able to create an environment of trust and fairness. Appropriate self-regulators are usually thoughtful and resist making voluntary decisions. These are definite qualities of a good leader. motivating it is an important skill required for skills. Only effective leaders can motivate followers. Social skills fond skill is necessary to build relations. Relations are necessary to create bond with others and to get tidy sum from others. Communication skills to deliver leaders idea properly, communication skill is very necessary. A good communicator can pay attention and listen carefully. Lead by example One of the best ways to lead is by example use where need, bestow a helping hand, and making sure that the work you do is clearly understood by your team. Leadership skills strataplex Leadership skill requirements are often describe as being stratified by organizational level. The term strataplex captures the stratified and complex nature of the leadership skill requirements and their relationship with level in the organization. Leadership skill requirement is classified into four groups. 1. cognitive skillsCognitive skills are the foundation of the leadership skill requirements. They are comprised of those skills related to basic cognitive capacities, such as collecting, processing, and disseminating information and learning and are the fundamental skills required for a large portion of the activities in which leaders are engaged (Mumford, 2007) .These skills include skills like oral communication, written communication, ability to learn and adapt etc. 2. Interpersonal SkillsThese are skill relating to interacting with and influencing others. Examples are skills required for coordination of actions, negotiation skills etc. 3. Business SkillsThis involves the skills required to different functional areas like management of resources, usable analysis and management of human resources. 4. Strategic SkillsStrategic skill requirements are highly conceptual skills needed to take a systems perspective to underst and complexity, deal with ambiguity, and toeffect influence in the organization (Mumford, 2007). This includes skills for planning, visioning etc. Leaders are not born, they are heavy(p)- this is the word by the father of management, Peter Drucker. Leadership ability is not an inborn skill most times. This can develop through practices. Doesnt require talents, but commitment is necessary. The great leaders have chosen to be just that, and then developed the skills that are required. Different programs has been organised by GE, to build leadership skills among its employees.1. Entry level program or Commercial leadership program (CLP) is an example for it. The CLP is a 12 to 24 month program that develops marketing and sales skills through a strong core curriculum and challenging assignments. 2. Experienced program Human Resource Leadership program (HRLP). GEs HRLP is a two year program that includes tercet job assignments, global cross-business projects, and in-class and virtual t raining. 3. Experienced Commercial Leadership program (ELCP). The ECLP program consists of three, eight-month rotational assignments within the marketing and sales functions of one of GEs businesses (GE, Experienced Program, 2013).4. Operation management Leadership program (OMLP) OMLP accelerates development of entry-level talent and produces leaders capable of meeting the challenges facing the Operations, Supply Chain, Manufacturing and Quality functions at GE (GE, Entry level program, 2013).4.2 Report on the good of methods used to plan the development of leadership skills There are lot of methods to plan the development of leadership skills. Different methods are reclaimable in different situations. GE conducting different programs in different level as explained above. Leadership programs are amazing platforms within GE that are designed to build the next generation of leaders. Commercial leadership program (CLP) provides candidates with valuable training, experience and expos ure to a team of motivated colleagues and helpful mentors that can accelerate their careers. HRLP (Human Resource Leadership program) has created countless generations of HR leaders at GE. The program continues today and still focuses on taking quick people, providing them with globally diverse challenging experiences, and developing them into world-class HR leaders. Candidates will have formal training, rotation, seminars, business simulations and community service activities.Experienced CommercialLeadership Programs (ECLP) offers opportunities for individuals to drive growth within a business, receive world-class commercial and leadership training, and be part of a global network of marketing and sales leaders (GE, Experienced Program, 2013). OMLP (Entry level Program) is a two-year program consisting of four six-month rotations that allow members to build leadership and functional skills through challenging rotational assignments and world-class training (GE, Entry level program , 2013) . Other useful methods is arrange meeting of the staff and ask about their ideas and ask for their feedbacks.The best method, however, is getting feedback from the staffs. Another way of developing leadership skills is to get familiar with your followers. It will help you in understanding their feelings and their needs, which in turn will help you in managing their needs. Different plan for the development leadership skills includes conducting seminar, training programs, meetings, job rotations etc.ConclusionThis assignment is used to explain the link between strategic management and leadership. Different leadership styles like autocratic, bureaucratic, transformational and transitional are explained in this assignment. The do of various styles on strategic decision making are explained. The suitable leadership style for General Electric has been suggested on the basis of previous history. Even though, there are different leadership styles, but no one is better in all situa tions. Style should be adapted according to the business situation, team members and culture of the organisation. Different leadership theories are discussed in the assignment. Situational theories and contingency theories have been applied. The situations in which different theories can be applied are explained. Different leadership styles and their role are explained.Anyone can become a good leader by adopting certain skills and techniques and applying them in their daily life. Because leaders are not born, but they are grown, great word by Peter Drucker. Good leaders know how to use different styles in a balanced way. In this competitive world, organisation can only sustain if and only if they can bring strong leaders.There are different ways of enhancing the leadership skills for future requirements. And there should be a plan of developing these skills. The plan should cover all the current andfuture needs for leadership and is helpful in the boilersuit progress of the organiza tion. A leader is a person who provides the vision for the future. Developing leadership skills in our personality will help us to explore more opportunities in our future.BibliographyClaudel, P. (2011). Leadership style A tendinous model. TJ. Derue, S. (2011). Trait and behavioural theories of leadership. Michigan. GE. (2013). Entry level program. Retrieved 2013, from www.ge.com http//www.ge.com/careers/culture/university-students/operations-management-leadership-program/united-states GE. (2013). Entry level program. 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