Abstract
Lecturer, Faculty of Management Studies, University of Central Punjab, Lahore, Assistant Professor, Faculty of Management
Studies, University of Central Punjab, Lahore, Assistant Professor, Hailey College of Commerce, University of Punjab, Lahore
The study aimed to examine the transformational role of leadership on employee behavior during a cross culture acquisition of Bank
Islami with KASB Bank. Qualitative data is collected through semi-structured interviews with eight respondents from top leadership
of both banks including CEOs and regional managers. The data is collected from the leaders who were involved in integration process
and were witnesses of all decision making. The study found several leadership challenges, during and after the acquisition, including
employee negative emotions, demotivation, cultural differences and institutional pressures. Using transformational leadership
strategies (including employee gelling, mentoring, open communication and retention policies), the leaders were able to influence
employee performance and creativity but played less role for employee resilience and engagement. The study inferred that there is
an effective role of transformational leadership in the acquisition of bank Islami and KASB. Transformational strategies enabled the
leadership to effectively manage the cultural differences of Islamic and conventional banking environment, which resulted in positive
outcomes.
Amina Rizwan, Dr. Shabana Naveed, Dr. Hafiz Zafar Ahmed. (2019) Challenges, Strategies and Outcomes of Transformational Leadership in Acquisition: The Case of Bank Islami Pakistan Limited, Paradigms , Vol 13, Special Issue.
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