Academic Leadership: The Online Journal


In the chaotic, volatile and complex business environment at the present time, an organization must be able to learn from and adapt to changes in order to enhance competitive advantage. As a result, leaders who make strategic decisions must adopt a new mind-set as new realities emerge and encourage strategic flexibility across and within their organizations (Hitt, Ireland, & Hoskisson, 2005). There are two significant factors to be strategically flexible on a continuing basis including leaders must develop an organization vision with a corresponding strategic plan and have the ability to manage changes (Zaccaro & Banks, 2004). Vision and leadership are the requisite for organization’s success and survival (Fechter & Horowitz, 1991; Nanus 1992).