Many successful individuals have single-handedly directed their companies to success. Is participative strategic management approach likely to stifle or suppress the contributions of such individuals?

An organization is a group of individuals cooperating to attain a typical objective. By this very meaning of an organization, it is paramount that not just an individual particularly the Director of the association, however all the parts of the association are knowledgeable what is a definitive objective (or mission) of the association and how they are getting there aggregate.

A strategic planning process helps an association to set a mission and concur on a guide on the whole how to get to the mission.It is, along these lines, generally acknowledged that gave substantial number of individuals in an association partake in creating their guide, they will be spurred and will have the capacity to help in a serious manner by using their true ability. In cases, courageous people may succeed in administering an organization to achievement; on the other hand, shots of disappointment will be high. In addition, such a chief can't create a decent group which is instrumental in improving association's general execution as a group increases qualities and partitions troubles to all.

Many successful individuals have single-handedly directed their companies to success. I do not think so. We have inbuilt in our mind set that we see only the fruit in trees and owner that has the trees. We forget the hard work of the workers who work on caring the trees. Similarly, in the business, we see the success of product that makes the owner successful. We forget the people working there in finance, marketing, human resources and operation for the fulfillment of dreams that the owner sees and they feel.

           What two people think together will be always better than what one person thinks. Yes, participative strategic management approach is likely to increase the contribution of such individuals. In this approach, people from top to bottom level participates together to put up their ideas on creating strategies then formulate and implement the strategies. This makes them feel that they are important for the organization and have to be loyal to complete their responsibilities.  This is the best way for the motivate people and use their talent. When people are self managing their duties then the successful individuals have to less worry about the implementation of the strategies and see only implementation is in direction of mission, vision and goals or not. The individuals have enough time to think on new plan and projects. Therefore, the individuals can increase their contributions in the organization.

Reference:

Pearce, John A., and Richard B. Robinso. Strategic Management . New York : McGraw-Hill Irwin, 2011.