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Open strategy - the role of strategic leadership

In: Handbook of Research on Strategic Leadership in the Fourth Industrial Revolution

Author

Listed:
  • Kristina Stoiber
  • Julia Hautz
  • Kurt Matzler
  • Christian Stadler
  • Stephan Friedrich von den Eichen

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.

Suggested Citation

  • Kristina Stoiber & Julia Hautz & Kurt Matzler & Christian Stadler & Stephan Friedrich von den Eichen, 2024. "Open strategy - the role of strategic leadership," Chapters, in: Zeki Simsek & Ciaran Heavey & Brian C. Fox (ed.), Handbook of Research on Strategic Leadership in the Fourth Industrial Revolution, chapter 16, pages 365-388, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21349_16
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    File URL: https://www.elgaronline.com/doi/10.4337/9781802208818.00024
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