Global Journal of Commerce & Management Perspective
Open Access

Abstract

The Role of Leadership in the Effective Management of Corporate Strategy: A Case Study at Databank Ghana

Rafique and Daudi

Fundamentally, the bane of most businesses, especially in Ghana, is the lack of effective leadership. Leadership involves the provision of direction to organizational members, and therefore plays a crucial role in the effective management of the organization’s corporate strategy. Unfortunately, most organizations in Ghana have still not adequately appreciated the role of leadership, especially at the corporate strategy level. After a cursory review of relevant literatures, primary data were collected from the staffs of Databank Ghana in order to appreciate their perspective of the role leadership plays in effectively managing corporate strategy. After a thorough analysis of the data collected, the overriding finding was that, leadership is relevant in the effective formulation and implementation of Corporate Strategy. The role of leadership in this regard includes: the definition of vision, mission and objectives; generation of consensus and commitment from stakeholders; ensuring effective communications; provision of the required financial and nonfinancial resources