“In matters of style, swim with the current; in matters of principle, stand like a rock.” – Thomas Jefferson
Thereās no shortage of leaders in business. Everyone has had one, but that doesnāt mean all the leadership youāve experienced has been truly strategic.
Like Jeffersonās quote above, strategic leadership goes beyond just standing at the helm of a project. Itās about knowing when to be flexible, when to stand firm, and how to lead a team properly through both. Thatās because leaders arenāt just influencing business outcomesāthey shape the culture and values underpinning their success.Ā
This blog explores the significance of strategic leadership and how the fractional marketing model can help you unlock your potential, foster innovation, and ensure long-term growth.
Leadership vs. Strategic Leadership
It may seem trivial to differentiate leadership and strategic leadership, but to understand why you should be investing in one over another, itās worth the time.
Strategic leadership is more than just managing teams and overseeing projectsāit’s about setting a vision, inspiring people, and navigating complexities with foresight. Leaders who employ strategic thinking are adept at aligning their goals with the organization’s broader objectives, making decisions that drive progress, and cultivating an environment where innovation thrives.Ā
Everyone has had a boss. Many people have had a leader. Fewer people have had a truly strategic leader, and businesses have a responsibility to make sure the leaders they invest in are feeding more into their organization. Letās talk about what a strategic leader can give back.
Related: Closing the Leadership Gap for Fast-Growing Businesses
What Makes a Strategic Leader?
Strategic leaders have a host of responsibilities thatāwhen executed properlyācan create incredible success for your organization. Letās cover just three of the biggest ones.
First up, strategic leaders often have to be fortune tellers and anticipate changes in the market and consumer needs. That also means being ready to pivot when those changes arise and leading a team through those changes, so your company remains competitive and relevant.
Because of how often market conditions change, strategic leaders must be comfortable with risk-taking. Strategic leaders also know how to reduce risk when they do try something new. They can wisely diversify their projects and investments while leaving room to be innovative. But theyāre also ready to take on any consequences should they arise, and that means getting connected with the right teams early.
In essence, strategic leaders are never working alone.
Hereās a great resource about balancing risk and opportunity you might find interesting whether youāre in a leadership position or not.
On the topic of teamwork, perhaps the biggest role of strategic leadership is in how leaders shape company cultures and values. Leaders set the tone for organizational behavior, establish ethical standards, and create an environment where employees feel valued and motivated. A strong leader’s vision and values permeate throughout the organization, shaping its culture and ensuring that the company’s mission and goals are embraced at all levels.
That means investing in a strategic leader isnāt just a stamp of approval for ongoing business goals. Itās a benchmark for how your businessāand everyone involved in itāwill go about achieving those goals.
All of this begs the question: How do you find a strategic leader?
Related: Driving Brand Growth with the Right Leadership
Fractional CMOs: A Strategic Investment
You can certainly find strategic leadership in the traditional way by investing in a full-time marketing executive. But for small-to-medium-sized businesses, this is often a cost-prohibitive (though necessary) function.
Thatās why many companies are turning to fractional CMOs as a strategic investment. This gives you high-level marketing expertise without the full-time commitment or cost. The fractional CMO model involves engaging a seasoned marketing executive on a part-time or project-based basis, but unlike working with a third-party agency, fractional CMOs become part of your team.
They offer top-tier marketing expertise and strategic guidance, help you build and execute a tailored marketing strategy, and even work with your budget to ensure youāre making wise investments throughout the process.