Strategic Leadership in the Light of a New Paradigm of Strategy Research and Practice: A Dynamic Capabilities Approach

This paper argues that the basic parameters of many industries are changing. Furthermore, strategic management is in a period of transition toward more practical and “realistic” conceptual developments. The increasing acceptance of dynamic capabilities within research communities acts as a major trend within the subject discipline and simultaneously appears to reflect this wider and contemporary phenomenon. Extended conversations with senior leaders result in the establishment of a framework for “dynamic leadership capabilities”. It is hoped that future research into leadership development incorporates insights from dynamic capabilities-based approaches in order to contribute to this theoretical notion.