Strategic Leadership and Competitive Advantage in Lusaka’s Selected Firms
DOI:
https://doi.org/10.47604/ejbsm.3567Keywords:
Strategic Leadership, Competitive Advantage, Firm PerformanceAbstract
Purpose: In an increasingly competitive and changing world economy, organizational capacity to achieve and maintain competitive advantage is inextricably linked with the caliber of strategic leadership. This study examined the application of strategic leadership in realizing and maintaining a competitive advantage in the business environment of Zambia, based on two Lusaka-headquartered companies as case studies. The primary objective was to analyze leadership practices in selected firms and determine their role towards performance, innovation, and differentiation against a negative economic backdrop.
Methodology: The study employed a qualitative multiple-case study design to offer rich explications of practical leadership practices. Two private firms were purposively selected: Firm A, manufacturing, and Firm B, services. The firms were chosen based on their market presence and strategic interest. Data were collected through intensive semi-structured interviews with 12 participants- six from each firm-including senior leaders and mid-level managers who were directly involved in strategic planning and implementation. Secondary data obtained from internal business documents, strategic plans, and performance appraisals were also utilized for finding triangulation and contextual enrichment. Data was analysed thematically.
Findings: Thematic analysis of the findings revealed that there is a need for strategic leadership to achieve differentiation through vision-connected alignment, responsive planning, and continuous organizational learning. It was also noted that there were weak systems for leadership growth, regulatory uncertainty, and market volatility. These factors impede the optimal utilization of leadership potential and strategic outcomes. The study ends by making a suggestion to develop leadership capacity, implementation of flexible strategy models, and enhanced linkage between leadership vision and operational activities. These actions are required by companies eager to navigate their path through the intricate business environment of Zambia and sustaining long-term competitive advantage.
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