A Study to Explore the Implication of Strategic Leadership in Acquiring a Competitive Advantage

Abstract

Those in positions of leadership who have a strategic view are conscious of the reality that global business practices are undergoing fast change. The goal of these executives is to build competitive advantages that are anchored in the fundamental competencies of the organization, in addition to minimizing expenditures. A significant number of business executives are unable to achieve their financial goals. In order to gain a competitive advantage, a significant number of senior executives in large businesses take on the role of strategic leader, despite the fact that they do not possess the necessary professional skills or educational background. In the business world, this is a problem that is frequently encountered. One of the obstacles that can prevent a firm from successfully executing its plans and gaining a competitive edge is a lack of strategic leadership present inside the organization. Possible explanations for the lack of conclusive research include the fact that previous studies may have failed to take into account elements that affect or intervene in the relationship. As a consequence of this, strategic leadership is required to provide a comprehensive definition of the concept, together with its procedures, viewpoints, and measurements. Evaluation of strategic leadership and competitive advantage with the purpose of identifying gaps in the existing body of knowledge and laying the groundwork for further investigation. The current research on strategic leadership is characterized by confusing results, definitions that are in disagreement with one another, and a wide variety of contextual elements. In order to provide a foundation for future research in strategic management, the primary objective of this study is to provide essential insights into strategic leadership and competitive advantage respectively.