Chapter 3: Literature Review of Strategic Leadership Models

Strategic leadership has been researched extensively (Boal & Hooijberg, 2001; Finkelstein & Hambrick, 1996; Ireland & Hitt, 1999; Vera & Crossan, 2004). In the Indian business landscape, practice of strategic leadership is altering because of macro-economic shifts. These include organizational demographic composition becoming younger, increased employment of women, increased diversity in organizations various qualification and skill sets, cultural values of organizations changing because of reducing power distance, increasing uncertainty avoidance, changing description of leadership towards androgynous definition, increased expectations from all stakeholders increased competition in the market both from domestic as well as foreign players, increased media scrutiny, increased scope of real-time communication channels with followers and increased presence of mobile technology in society.