Beneficial outcomes you can expect if you study strategic leadership include increasing your value as an employee, updating your management skills, and getting hands-on practice at combining management techniques with leadership training. If you aren't working in management yet, studying strategic management can help you learn how to be more effective as a manager from the first day on the job. If you're already working in management, adding strategic management skills to your resume can help you move up to a higher level in management by increasing your efficiency and effectiveness as a leader.