Critical success factors of Strategic Leadership: A literature review

Abstract

A strategic leader in an organization plays a crucial role in a dynamic business environment. The paper examines an individual's general characteristics as an effective strategic leader with the support of a comprehensive secondary literature review. Data has been secured from three significant databases, i-e, google scholar, SSCI, and Scopus. Secondary research results indicated that being visionary, the strength to have the strategic and creative mindset and the knowledge to develop and maintain the right social capital, and the inclination to have moral integrity are some of the indispensable elements of effective strategic leaders. Thus, leader succession training and development models must inculcate those abilities, competencies, and characteristics into their top talents to magnify an organization's future performance. Yet, research has been exclusively studying from individual aspects composed of literature studies of business organizations, both public and profit organizations. Therefore, strategic leadership encompassing top management and board of directors' success factors in terms of a team's abilities, knowledge, and skills is still an untapped domain.