Open strategy - the role of strategic leadership

Kristina Stoiber, Julia Hautz, Kurt Matzler, Christian Stadler and Stephan Friedrich von den Eichen

Chapter 16 in Handbook of Research on Strategic Leadership in the Fourth Industrial Revolution, 2024, pp 365-388 from Edward Elgar Publishing

Abstract: The phenomenon of open strategy is a promising approach for companies seeking to meet the challenges of the Fourth Industrial Revolution, respond to rapid changes in the environment, and harness the power of digital technologies for strategy development. While the concept of open strategy emphasizes the importance of non-executives outside the management ranks, in this chapter the authors propose that the success and benefits of greater inclusion and transparency in the strategy process may still depend on strategic leaders. However, they find that openness transforms the role of formal strategists as strategy experts and decision-makers into open strategists as coordinators and orchestrators of strategy development. Drawing on Mintzberg’s ten managerial roles, they discuss the emerging demands on strategic leaders arising from their transformation from strategy-makers to strategy managers, providing far-reaching implications for managerial practice as well as new directions for future research.

Keywords: Business and Management; Economics and Finance; Environment; Law - Academic; Politics and Public Policy Sustainable Development Goals (search for similar items in EconPapers)
Date: 2024
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