An Integrative Approach to Operationalizing Strategic Leadership in Banking Institutions

Authors

  • Jay Chishamba Management College of Southern Africa
  • Canicio Dzingirai University of Namibia

Keywords:

Strategy, Sustainable Competitive Advantage, Top Management Teams, Chief Executive Officers, Board of Directors

Abstract

This study aimed to operationalize strategic leadership (SL) constructs, assess strategic leaders’ alignment, and prioritize their significance in influencing strategic management practices. Building on SL theories, themes, and metrics within strategic management, the paper integrates diverse scholarly perspectives, addressing gaps in SL operationalization, measurement, and construct development. A semi-systematic and integrative literature review was complemented by empirical research conducted with 13 banks in Zimbabwe, representing at least 80% of the country’s banking sector market share. Purposive sampling yielded a 76% response rate from 380 strategic leaders, and the data was analyzed using descriptive statistics. Six key SL constructs were identified for operationalization: determining strategic direction, leveraging core competencies, developing human and social capital, sustaining an effective corporate culture, emphasizing ethical practices, and establishing strategic controls, with determining strategic direction ranking highest in influencing strategic outcomes. The study highlights the need for a unified SL measurement tool, emphasizing the integration of SL constructs to enhance strategic management practices and improve leadership effectiveness in the banking sector. It offers a holistic, multi-theoretical measurement framework for SL, adaptable across contexts, and provides practical insights for evaluating SL’s role in driving organizational outcomes.

Author Biographies

Jay Chishamba, Management College of Southern Africa

  

Canicio Dzingirai, University of Namibia

Doctoral Research Supervisor, PhD - Department of Economics

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Published

2024-10-31

How to Cite

Chishamba, J., & Dzingirai, C. (2024). An Integrative Approach to Operationalizing Strategic Leadership in Banking Institutions. Acta Universitatis Danubius. Œconomica, 20(5), 23–48. Retrieved from https://dj.univ-danubius.ro/index.php/AUDOE/article/view/3024

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Business Administration and Business Economics