The Impact of Resonant Leadership on Strategic Adaptation in Jordanian Islamic Banks

Abstract

This study investigates the impact of resonant leadership on strategic adaptation in Jordanian Islamic banks. Questionnaire data were collected from 146 bank executives across three banks including Safwa Islamic Bank, Jordan Islamic Bank, and Arab Islamic Bank. Regression analysis showed resonant leadership positively influences strategic adaptation. The dimensions of mindfulness, hope, and compassion were significant drivers of strategic change adoption, environment interaction, and strategic synergy. The findings demonstrate the importance of resonant leadership styles that emphasize emotional intelligence, vision, and relationships for enabling Islamic banks to successfully adapt strategies to dynamic conditions. This research contributes empirically to the understanding of leadership and adaptation in Islamic banking. The theoretical foundation for a deeper comprehension of the strategic adaptation implementation in Jordanian Islamic banks was provided by this research. However, this research offers a thorough analysis of the crucial elements for strategic adaptation to offer Jordanian decision-makers useful guidance on how to persuade managers to adopt resonant leadership. The study suggested enlarging the study to cover all foreign and commercial banks doing business in Jordan. It also suggested looking into other elements including managers' debt capacity and the march toward globalization.