Abstract
The business environment has changed dramatically as it modernizes in the recent years especially in developing countries small businesses are increasingly threatened. Most of the newly introduced factors such as technology, trade policies, competitiveness and so on, are not supportive to the SMEs. The capacity to enhance performance is a learnable organizational competence. In order to achieve a high level of organizational performance the role of effective strategic leadership is very important. The best way to survive and thrive in the pharmaceutical industry is to develop strategic leadership skills to achieve better organizational performance to exist successfully the growing challenges of the 21st century. Therefore, keeping in view the lack of research on the topic of strategic leadership in Pakistan's SMEs, contradictory evidence about the role of leadership in organizational performance requires further need to explore the strategic leadership role in pharmaceutical industry in the context of enhancing organizational performance. The main purpose of the study is to evaluate contemporary strategic leadership practices in SMEs within the Pakistan pharmaceutical industry and its impact on organizational performance. Qualitative data collection methods were applied to collect information. Semi-structured interviews were conducted using fifteen broader themes. A sample of twelve mid to senior level management staff were interviewed 103 over a period of three weeks. Interviews were tape recorded and transcribed verbatim in word document before data was thematically analysed. Effective leadership is necessary for a good organizational performance in the pharmaceutical SMEs of Pakistan. It was extrapolated that effective leadership lacks in long-term vision, inappropriate human resource management, inappropriate policies, standards and procedures, ineffective system of monitoring and evaluation coupled with technological issues. This might have resulted in low performance of the firms. However, there is a growth opportunity due to increase in the demand in Pakistan. Strategic leadership needs to develop and use assessment tools, criteria, standards and policies to assess threats and opportunities. Emphasize should be put on to develop standards for measuring and controlling organizational outcomes along with developing policy and plans to combat and adjust in changing external environment. Ethical performance should be recognized and appreciated.
Dr. Saud Taj, , Bilal Zulfiqar,, Ashraf Nasir . (2020) Evolution of strategic leadership practices and its impact on organizational performance in Pakistan’s SMEs, Balochistan Review, Volume 1, Issue 1.
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