An Examination of the Role of Leadership in Strategic Management: A Study of Banks in Sokoto State
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Background of the Study
Leadership plays a pivotal role in strategic management, influencing the formulation and implementation of organizational goals. Effective leadership fosters innovation, improves decision-making, and enhances organizational adaptability, especially in dynamic industries like banking (Yusuf & Bello, 2023).
In Sokoto State, the banking sector faces challenges such as intense competition, regulatory demands, and economic instability. Strategic leadership is critical for navigating these challenges and achieving sustainable growth. Research by Ibrahim and Musa (2024) emphasizes that leaders who align their vision with organizational objectives are more likely to achieve success. This study explores the role of leadership in driving strategic management practices in banks in Sokoto State.
Statement of the Problem
Despite the importance of leadership in strategic management, many banks in Sokoto State struggle with aligning leadership styles to strategic objectives. Challenges such as inadequate leadership training, resistance to change, and poor communication often hinder the effectiveness of strategic management.
Existing research provides limited insight into how leadership influences strategic management in the banking sector in Sokoto State. This study seeks to bridge this gap by examining the relationship between leadership practices and strategic management outcomes in the region's banking sector.
Objectives of the Study
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To assess the role of leadership in strategic management in banks in Sokoto State.
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To identify challenges affecting effective leadership in strategic management.
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To recommend strategies for enhancing leadership effectiveness in the banking sector.
Research Questions
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What role does leadership play in strategic management in banks in Sokoto State?
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What challenges hinder effective leadership in strategic management?
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What strategies can improve leadership effectiveness in the banking sector?
Research Hypotheses
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Leadership significantly influences the effectiveness of strategic management practices.
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Inadequate leadership training negatively affects strategic management outcomes.
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Effective leadership strategies improve organizational performance in the banking sector.
Scope and Limitations of the Study
The study focuses on banks in Sokoto State, examining the relationship between leadership and strategic management. It excludes other industries or states. Limitations include variations in leadership styles and organizational cultures among banks.
Definitions of Terms
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Leadership: The ability to guide and influence individuals or groups toward achieving organizational goals.
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Strategic Management: The process of planning, implementing, and evaluating strategies to achieve long-term objectives.
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Banks: Financial institutions that provide banking services such as savings, loans, and investment products.
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