Emergent in Strategic Management, Theories, and Strategic Leadership: Implications of Absorptive, Adaptive, and Managerial Manifold Wisdom

Abstract

The strategic management study has been the fastest-growing field for over twenty years.The strategic management theoretical principles have been systematically posited as the most effective and efficient tools for solving the deprived and pathetic organizational performance issues, which concurrently increases strategic management performance.The strategic management theories cover evaluation, methodologies, and thoughtfulness rationale for a business organization's competitive supremacy and sustainable performance.Despite this, strategic management still experiences insignificant organizational performance on a yearly basis, which is assumed to be the weakness of strategic management theories and deliberately neglected strategic leadership theory as a part of strategic management theories.The present study aims at systematic reviewing and amalgamating the strategic management theories, strategic leadership theories, absorptive capacity, adaptive competency, and managerial manifold wisdom toward efficacious organizational performance.The systematic review of the study literature is built on objectivism and constructivism examinations from highly influential journals.The study was scrutinized for imaginative, bibliographic, methodologic, findings, and conclusions.The study projects that strategic leadership theory absorptive capacity, adaptive competency, and managerial manifold wisdom have the utmost capacity to steer effective strategic management theories and sustainable organizational performance.Recommendation: The study submits that strategic leadership theory is the synergistic combination of agency theory, resource-based theory, contingency theory, human resources-based theory, survival-based theory, profit maximization, and competitive-based theory for effective and efficient strategic management design, implementation, and evaluation in order to improve and win organizational competitive supremacy and sustainable performance.