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The Effect of Strategic Leadership on Organizational Well Being: An Empirical Study Based on Technopreneur’s in the Central Province- Sri Lanka

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  • SBDC Ratnayake

    (MBA, (University of Moratuwa), BBM (University of Kelaniya), Lecturer in Asia Pacific Institute of Information Technology (APIIT))

  • VPT Jayawardena

    (BSc (Eng), LLB (Hons)London MA (Kelaniya), Ph.D. (New Zealand), Senior Lecturer in Department of Industrial Management, University of Moratuwa)

Abstract

A well-managed and prosperous group of technopreneurs is characterized by outstanding performance and the capacity to drive disruptive innovations and generate wealth in their local communities. The purpose of this study is to investigate how strategic leadership affects the organizational wellbeing of technopreneurs in Central Province, Sri Lanka. A structured questionnaire was used to collect information from 72 technopreneurs who were the CEO`s of their company`s and were selected through non random sampling technique. Regression analysis was conducted on the identified factors and the findings indicated that organizational well-being is strongly corelated with changes in external environment and organizational culture. The study found that for technopreneurs in the Central Province, Sri Lanka to succeed and remain competitive, strategic leadership is essential as are supportive elements like education.

Suggested Citation

  • SBDC Ratnayake & VPT Jayawardena, 2024. "The Effect of Strategic Leadership on Organizational Well Being: An Empirical Study Based on Technopreneur’s in the Central Province- Sri Lanka," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(14), pages 154-167, November.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:14:p:154-167
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    References listed on IDEAS

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    1. Brenes, Esteban R. & Mena, Mauricio & Molina, German E., 2008. "Key success factors for strategy implementation in Latin America," Journal of Business Research, Elsevier, vol. 61(6), pages 590-598, June.
    2. Michael A. Hitt & R. Duane Ireland & S. Michael Camp & Donald L. Sexton, 2001. "Strategic entrepreneurship: entrepreneurial strategies for wealth creation," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 479-491, June.
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