ASSESSMENT OF THE IMPACT OF LEADERSHIP STRATEGIES ON ORGANISATIONAL PERFORMANCE IN ZENITH BANK PLC

Abstract

Leadership strategy appears to play a vital role in the performance of an organization; it is also a process whereby one individual influences other group members toward the attainment of defined group, or organizational goals. Leadership is a one-way process, in which followers passively respond to what a leader does, or what a leader is, which tend to over simplify the processes at work. The study identified certain areas of problems ranging from unethical practices engaged by management staff, issues of corporate governance as well as inefficient management plan among others. Therefore, this study investigates the influence of strategic leadership on the performance of Zenith Bank, Plc by exploring communicating strategic direction, core competencies, human capital development, effective corporate culture and organizational flexibility as a component of strategic leadership on performance. Data was collected through the use of questionnaire and then analyzed using multiple regressions. The results indicated that there is a significant relationship between all these components and organizational performance. The study concluded that strategic leadership influenced organizational performance. It therefore recommends that high performance strategic leadership practice should be engaged by focusing on those variables that are found to be significant in this study. It is also recommended that the managers need to focus on establishing a good communication channels, focus on corporate governance and competencies.