Visionary leadership and innovative mindset for sustainable business development: Case studies and practical applications

Abstract

This study investigates the significance of visionary leadership and innovative leadership mindset on organizational sustainable development. The study investigates five case examples of business leadership to answer the research question of how the three-way interaction between visionary leadership, innovative leadership mindset, and business leadership approach may contribute to an organization’s sustainable development. The main argument is that the three-way interaction is considerable for the continuous development of an organization. This study uses the purposeful sampling strategy that matches the aim of the study. Therefore, five case examples from five different industries (the technological industry, the airline industry, the mining industry, the banking industry, and the automotive industry) have been selected intentionally to understand the study argument and to gather information that will answer the research question. The analysis highlighted key qualities of visionary leadership, innovative leadership mindset, and the five leadership approaches. The study infers that the proper match between the performed leadership approach and the existing visionary leadership and innovative mindset can create a unique organizational identity that serves its differentiation and continuous development.