Suggested Strategies For Effective Implementation Of Strategic Leadership Practices In This Globalization Era

Abstract

This study briefly explored the concepts of global economy and the new competitive landscape. The study also summarized strategic leadership practices that help firms to achieve and maintain competitiveness. Critical issues facing top management in the 21^st century are also touched on. Finally the study examined the perceptions of CEOs toward suggested strategies (growth orientation, knowledge management, mobilization of human capital, developing an effective organizational culture, and remaining future focused) for CEOs and their top management teams to effectively implement strategic leadership practices. The results of this study indicate that a majority of the CEOs of multinational corporations who were surveyed agreed that the recommended strategies will help in the effective implementation of strategic leadership practices.