A Statistical Analysis of Strategic Leadership Qualities in the Pharmaceutical Sector of India's National Capital Region
DOI:
https://doi.org/10.52756/ijerr.2024.v41spl.022Keywords:
Leadership Styles, Innovative Leadership, Employee Engagement, Pharmaceutical Industry, Organizational CultureAbstract
In recent years, leadership quality has played a vital role for professional success of corporate leaders and their organization. However, it is affected by various dominant variables. This information paves the way for the present study. This research paper presents a comprehensive analysis of demographic characteristics, perceptions of leadership styles, innovative leadership practices and employee engagement within pharmaceutical industries located in India's National Capital Region (NCR). Considering their professional tenure and strategic decision-making ability, 383 participants were examined for this work. This research paper analyses different types of innovative leadership styles and highlights their shortcomings and strengths. In addition, the study also assesses the effects of innovative leadership practices. The study finds that while moderate positivity is appropriate, it also has many inconsistencies, especially in relation to the Indian pharmaceutical sector. The work shows moderate positivity in perceptions related to roles, recognition, and decision-making, with average ratings around 3.20. Significant variations in how valued and involved different groups feel indicate discrepancies across departments, emphasizing the need for initiatives that enhance inclusivity and uniform recognition to boost engagement and satisfaction.
References
Alblooshi, M., Shamsuzzaman, M., & Haridy, S. (2021). The relationship between leadership styles and organisational innovation: A systematic literature review and narrative synthesis. European Journal of Innovation Management, 24(2), 338-370. https://doi.org/10.1108/EJIM-11-2019-0339
Bass, B. M. (1990). From transactional to transformational leadership: Learning to share the vision. Organizational Dynamics. https://doi.org/10.1016/0090-2616(90)90061-S
Bass, B. M., & Riggio, R. E. (2006). Transformational leadership. Lawrence Erlbaum Associates. https://doi.org/10.4324/9781410617095
Chen, J. (2005). The physical foundation of protein architecture. Prentice Hall.
Gupta, J., Rathore, P., & Kashiramka, S. (2023). Impact of intellectual capital on the financial performance of innovation-driven pharmaceutical firms: Empirical evidence from India. Journal of the Knowledge Economy, 14(2), 1052-1076. https://doi.org/10.1007/s13132-022-00927-w
Handoyo, S., Suharman, H., Ghani, E. K., & Soedarsono, S. (2023). A business strategy, operational efficiency, ownership structure, and manufacturing performance: The moderating role of market uncertainty and competition intensity and its implication on open innovation. Journal of Open Innovation: Technology, Market, and Complexity, 100039. https://doi.org/10.1016/j.joitmc.2023.100039
Harter, J. K., Schmidt, F. L., & Hayes, T. L. (2002). Business-unit-level relationship between employee satisfaction, employee engagement, and business outcomes: A meta-analysis. Journal of Applied Psychology, 87(2), 268-279. https://doi.org/10.1037/0021-9010.87.2.268
Klarin, A., Sharmelly, R., & Suseno, Y. (2021). A systems perspective in examining industry clusters: Case studies of clusters in Russia and India. Journal of Risk and Financial Management, 14(8), 367. https://doi.org/10.3390/jrfm14080367
Kumar, V., & Deshmukh, S. G. (2013). Sustainability in pharmaceutical supply chains: A systemic literature review. International Journal of Pharmaceutical and Healthcare Marketing, 7(3), 197-221.
Lei, H., Leaungkhamma, L., & Le, P. B. (2020). How transformational leadership facilitates innovation capability: the mediating role of employees' psychological capital. Leadership & Organization Development Journal, 41(4), 481-499. https://doi.org/10.1108/LODJ-06-2019-0245
Lockwood, N. R. (2007). Leveraging employee engagement for competitive advantage: HR’s strategic role. SHRM Research Quarterly.
Malik, A., Sharma, P., Pereira, V., & Temouri, Y. (2021). From regional innovation systems to global innovation hubs: Evidence of a Quadruple Helix from an emerging economy. Journal of Business Research, 128, 587-598. https://doi.org/10.1016/j.jbusres.2020.12.009
Ray, S., & Ray, P. K. (2021). Innovation strategy of latecomer firms under tight appropriability regimes: The Indian pharmaceuticals industry. Journal of International Management, 27(1), 100820. https://doi.org/10.1016/j.intman.2020.100820
Samimi, M., Cortes, A. F., Anderson, M. H., & Herrmann, P. (2022). What is strategic leadership? Developing a framework for future research. The Leadership Quarterly, 33(3), 101353. https://doi.org/10.1016/j.leaqua.2019.101353
Shenoy, S. S., & Shailashri, V. T. (2022). An Analysis of Indian Pharmaceutical Sector using ABCD Framework. Int. J. Case Studies in Business, IT and Education (IJCSBE), 6(1), 1-13. https://doi.org/10.47992/IJCSBE.2581.6942.0145
Shivdas, A., & Ray, S. (2021). Research and development efforts in Indian pharmaceutical industry: How much does it matter? International Journal of Pharmaceutical and Healthcare Marketing, 15(4), 534-549. https://doi.org/10.1108/IJPHM-01-2020-0004
Singh, A., Lim, W. M., Jha, S., Kumar, S., & Ciasullo, M. V. (2023). The state of the art of strategic leadership. Journal of Business Research, 158, 113676. https://doi.org/10.1016/j.jbusres.2023.113676