Highlights
Task:
Consultancy Project Topic/ Title
Provisional topic and title for the report.
The influence of strategic management and leadership on decision making and performance: The Case Study of African Rainbow Minerals
Project Description
Please explain the problem, issue or opportunity that the research will try to address. You need to give evidence to support your explanation – for example, if the research is going to be about staff absenteeism, provide evidence of the current rate of absenteeism, how this compares with relevant sector rates, whether the problem is getting worse, what consequences there are for the business (direct costs and wider impacts on staff and customers) etc.
The principles and application of strategic management and leadership in an organization provide a competitive edge and both of them are interlinked. Strategic management converts business into a sustainable that helps the business to grow even if there is a downfall in the market. (Elkhdr, 2019) On the contrary, leaders help in the application of the policies framed in the process of strategic management effectively.
Background
Please include a summary of relevant factual background necessary for the reader to understand the proposed topic, such as what the organisation does, location, size, profitability, etc.Strategic management and leadership provide the organization a clear vision and both the conceptsare linked to each other. Strategic management directs the organization to become sustainable which helps the business to survive at times of downfall or recession. On the other hand, leadership helps in implementing the strategies effectively framed by an organization. Leaders work as per the strategies framed and management works towards strategies that would be made applicable by the leaders. A Leader cannot work successfully in an organization without effective strategic policies framed by the managers. Hence both are concepts are linked to each other and they contribute towards the success of an organization
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