LEADERSHIP IN STRATEGIC MANAGEMENT: THEORETICAL APPROACH

Summary: Leaders can make significant contributions to the functioning of the firm, regardless of their time and position. Leadership with effective strategies can provide a fundamental foundation for the effective use of the strategic management process. Leaders who follow strategies can accelerate the growth of relevant strategic activities and determine how to implement them. These activities serve as a gateway to higher average results and strategic competitiveness. Managers working in various organizations are fully aware of the need to create a strategic plan for the future of their organizations and participate in the effective adoption of these well-planned plans. In strategic management, the leader assumes various roles. He/she creates the conditions for change. Secondly, he/she selects key players from the organization and in the third stage, he/she creates a leadership team by shaping the vision and strategy through a visionary process that breaks down the existing hierarchy and clarifies the strategy that the entire organization can understand. Taking into consideration above mentioned facts, the article focuses on theoretical background of the topic. Scientific literature has been used in order to shred light into the topic.