Assignment About Institutional Affiliation

Student Name
INSTITUTIONAL AFFILIATION(S)
ORGANIZATIONAL
STRATEGY AND
LEADERSHIP

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Introduction/ Summary
In the 21st century, competition arising in businesses have made the global economy
more challenging, complex and inclusive of various opportunities as well as threats. Under
such circumstances, I believe that effective leadership practice is the only way which can
assist organizations and enhance performance metrics while competing amidst unpredictable
and turbulent business atmosphere. According to Ireland & Hitt (2005), although
contemporary organizations may face difficulties in making future predictions accurately,
they can examine events which have taken place already. This can help them in getting
prepared for the future along with recognising what influence their business the most.
Contrastingly, Hitt, Haynes, & Serpa (2010) claims that globalization has made organizations
fall into a complex network of the relationship while operating across international borders.
Now, companies require focussing more upon enhancing interdependencies between
organizations situated worldwide. I found that such changes not only amplify challenges
faced by top management and leaders but also enhance opportunities for organizational
growth and development.
The global landscape that is expected in future years includes disequilibrium
conditions along with discontinuations. Industries might face blurring boundaries, become
price-oriented, hypercompetitive. Customer satisfaction, continuous growth and innovation,
although will become the primary objective of many firms, employees career aspirations and
requirements, might also get changed (Hitt, Haynes, & Serpa, 2010). Similarly, Ireland &
Hitt (2005) finds that by examining innovative and appropriate strategic leadership skills used
by visionary organizations, it is probable that practices required by organizations in future
years can also be predicted. Analysing such predictions is significant as strategic leadership

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approach might prove to be an essential issue facing future organizations. Organizations
without having effective strategic leadership strategies might face challenges or difficulty in
achieving satisfactory performance. I found that both the author give stress on revolutionary
changes of upcoming years which might occur swiftly, continuously and affect every virtual
part of the organizations concurrently. The discontinuity, ambiguity and uncertainty taking
place because of revolutionary changes will challenge firms and the strategic leadership
approach to foster the decision-making processes.
Self-interest can be desired from future organization's leaders including capabilities
through which they can motivate individuals and competencies to serve the firm as well as
the society as a whole. However, it can also be noted that excessive self-interest can prove
ineffective as leaders might undertake actions that serve their self-interest only. This self-
interest might change into greed and executive benefits might get increased much more than
returns provided to the company shareholders and the society (Hitt, Haynes, & Serpa, 2010).
Alternatively, Ireland & Hitt (2005) claims that future organizations will make strategic
leaders undertake competitive mindset with mental capabilities, innovation, firm flexibility
and global strategic intention will be made priority to exploit emerging new opportunities.
The opportunities faced by leaders can occur majorly because of a disequilibrium created by
global economic changes such as technological advancements in a competitive business
environment. More specifically, the global economy is considered primarily by the authors
which have given rise to irrevocable events and influence of it can already be seen in current
strategic leadership practices.