Some key capabilities for strategic leaders in Lao commercial banking sector to maximise competitive advantage

Abstract

A commonly used approach in western countries, this paper considers the use of strategic leadership in Laos, in particular in the banking sector. The investigation looks at the understanding of banking leaders within Laos and finds many do not join the two terms of leadership and strategy together. The Laos bank leaders at senior level are aware that vision, core competencies and strategies are important to the development of their businesses in what is becoming a more competitive environment. Due to this more emphasis on developing vision and the people responsible must be implemented. Similarly leaders need to have both a short-term and long-term focus in their strategic leadership. The net result is that selection of the right person for the job is of vital importance