THE ROLE OF STRATEGIC VIGILANCE ON STRATEGIC PERFORMANCE OF OIL INDUSTRY IN IRAQ: MODERATING ROLE OF LEADERSHIP STYLE
Keywords:
Strategy Formulation, Strategy Implementation, Leadership Style, Strategy Evaluation, Strategic Performance, Oil Industry in Iraq.Abstract
The success of an organization is significantly influenced by strategic performance, a focal point in recent scholarly investigations and regulatory considerations. This study delves into the examination of the impact of strategy formulation, implementation, and evaluation on the strategic performance within the context of the oil industry in Iraq. Additionally, the research explores the moderating influence of leadership style on the relationship between strategy formulation, implementation, evaluation, and strategic performance in the Iraqi oil industry. Data collection involved the utilization of survey questionnaires distributed to selected employees of Iraqi oil companies. Statistical analysis, specifically SPSS-AMOS, was employed to scrutinize the interconnections among the variables under consideration. The findings unveiled a positive correlation between strategy formulation, implementation, evaluation, and the strategic performance of the oil industry in Iraq. Moreover, the study revealed a significant moderating effect of leadership style on the relationship between strategy formulation, implementation, evaluation, and strategic performance in the aforementioned industry. This research provides valuable insights for policymakers, suggesting that enhancing strategic performance can be achieved through effective strategy formulation, implementation, and the adoption of an impactful leadership style.