International Journal of Academic Research in Business and Social Sciences

search-icon

The Impact of Leadership Styles on Enhancing the Financial Performance through the Strategic Alignment in the Jordanian Insurance Companies

Open access
This study aims to investigate the impact of the leadership styles on the financial performance through strategic alignment in the Jordanian insurance companies. A questionnaire was designed and distributed to (227) executive managers whom they form part of (28) companies. The results showed a strong impact of the leadership styles and the strategic alignment on the financial performance. Moreover, the strategic alignment variable has a positive impact on the financial performance. Finally, the results showed that the leadership styles have no impact on financial performance through the strategic alignment in the Jordanian insurance companies.
1- Aral, S., & Weill, P. IT Assets, Organizational Capabilities, and Firm Performance: How Resource Allocations and Organizational Differences Explain Performance Variation. Organization Science, Vol. 18, Issue5,2007.
2- Bergeron, F. o., Raymond, L., & Rivard, S. Ideal patterns of strategic alignment and business performance. Information & Management, Vol. 41, Issue8, 2004.
3- Botella, J., Pe±a, D., Contreras, M. a. J., Shih, P.-C., & Santacreu, J. Performance as a Function of Ability, Resources Invested, and Strategy Used. Journal of General Psychology, Vol. 136, Issue 1,2009.
4- Byrd, T. A., Pitts, J. P., Adrian, A. M., & Davidson, N. W. EXAMINATION OF A PATH MODEL RELATING INFORMATION TECHNOLOGY INFRASTRUCTURE WITH FIRM PERFORMANCE. Journal of Business Logistics, Vol. 29, Issue2, 2008.
5- Chan, Y. E., Huff, S. L., Barclay, D. W., & Copeland, D. G., Business Strategic Orientation, Information Systems Strategic Orientation, and Strategic Alignment. Information Systems Research, Vol. 8, Issue 2,1997.
6- chan E., Why Havn't We Mastered Alignment? The Importance of the Informal Organization Structure, MIS Quarterly Executive, 1, 2 pp 97-112, 2002.
7- Christine M. Shea, The Effect of Leadership Style on Performance Improvement on a Manufacturing, Journal of Business, Vol. 72, No. 3, pp 408-422, 1999.
8- Cragg, P., King, M., & Hussin, H.IT alignment and firm performance in small manufacturing firms. The Journal of Strategic Information Systems, Vol. 11, Issue2,2002.
9- Dimitrios, N. K., Sakas, D. P., & Vlachos, D. The Role of Information Systems in Creating Strategic Leadership Model. Procedia-Social and Behavioral Sciences, 73, 285-293, 2013.
10- Durrani Bilal, Ullah Obaid, & Ullah Sabeeh, Effect of Leadership on Employees Performance in Multinational Pharmaceutical Companies in Pakistan, Journal of Contemporary research in Business, Vol. 2,No. (9), 2011.
11- Fazli Idris & khairul Ali, The Impact of Leadership Style and Best Practices on Company Performance: Empirical Evidence From Business Firms in Malaysia, Total Quality Management, Vol. 19, No. 1-2, pp163-171, 2008.
12- Henderson, J. C., & Venkatraman. Strategic Alignment: Leveraging Information Technology for Transforming Organizations. IBM Systems journal, Vol 32, Issue 1,1999.
13- Huang, C. D., & Qing, H. Achieving IT-Business Strategic Alignment via Enterprise-Wide Implementation of Balanced Scorecards. Information Systems Management, Vol. 24, Issue 2,2007.
14- Iman Nofie & Hartono Jogiyanto, Strategic Alignment Impacts on Organizational Performance in Indonesian Banking Industry. Gadjah Mada International Jornal of Business, vol. 9, Issue 2, 2007.
15- john Hawkins & Victor Dulewicz, Relationship between Leadership Style, the Degree of Change Experienced, Performance and Follower Commitment in Policing, Journal of Change Management, Vol. 9, No. 3, 2009.
16- Kearns G. S., Lederer A. L., A Resource-Based View of Strategic IT Alignment: How Knowledge Sharing Creates Competitive Advantge, Decision Sciences, 34, 1, pp1-29
17- Kearns, G. S., & Sabherwal, R, Strategic Alignment Between Business and Information Technology: A Knowledge-Based View of Behaviors, Outcome, and Consequences. Journal of Management Information Systems,Vol 23, Issue 3, 129-162, 2006.
18- Kobelsky, K., Larosiliere, G., & Plummer, E. The impact of information technology on performance in the not-for-profit sector. International Journal of Accounting Information Systems, 15(1), 47-65, 2014.
19- Lee, B., & Barua, A., An Integrated Assessment of Productivity and Efficiency Impacts of Information Technology Investments: Old Data, New Analysis and Evidence. Journal of Productivity Analysis, Vol. 12, Issue 1, 21-43,1999.
20- Liza Christiansen & Malcolm Higgs, How the Alignment of Business Strategy Can Impact Performance, Journal of General Management, Vol. 33, No. 4, 13-33, 2008.
21- Luftman, J., Assessing IT/Business Alignment , Information Systems Management, Vol. 20, Issue 4, pp9-15, 2003.
22- Luftman, J., & Kempaiah, R., AN UPDATE ON BUSINESS-IT ALIGNMENT: "A LINE" HAS BEEN DRAWN. MIS Quarterly Executive, Vol 6, Issue 3,165-177,2007.
23- Man, N., & Hartono, J., STRATEGIC ALIGNMENT IMPACTS ON ORGANIZATIONAL PERFORMANCE IN INDONESIAN BANKING INDUSTRY. Gadjah Mada International Journal of Business, vol 9, Issue2, 253-272, 2007.
24- Malpica Romero, A. D., Ramírez Solís, E. R., & Baños Monroy, V. I. STRATEGIC ORIENTATIONS AND THEIR RELATIONSHIP WITH PERFORMANCE: A CASE OF A MEXICAN FAMILY FIRM. Academy of Strategic Management Journal, 13(2), 2014.
25- Marturano, A. & Gosling, J., Leadership: The Key Concept, Routledge, London, 2008.
26- M. booth & G. Philip, Information Systems Management: Role of Planning, Alignment and Leadership, Behaviour & Information Technolojy, Vol. 24, No. 5, P 391-404, 2005.
27- Mohammed khaiata & Imran A. Zualkernan, "A Simple Instrument to Measure IT-Business Alignment Maturity ", Information System Management, 26, 2009.
28- M. Young & v. Dulewicz., Leadership Styles, Change Context and Leader Performance in the Royal Navy.Journal of change management, Vol. 6, Issue 4,383-396, 2006.
29- Nakata, C., Zhen, Z., & Kraimer, M. L., The Complex Contribution of Information Technology Capability to Business Performance. Journal of Managerial Issues, Vol. 20, issue4, 485-506, 2008.
30- Özer, F., & T?naztepe, C. Effect of Strategic Leadership Styles on Firm Performance: A Study in a Turkish SME. Procedia-Social and Behavioral Sciences, 150, 778-784, 2014.
31- Patrick C. Flood, et al., Chief executive leadership style, consensus decision making, and top management team effectiveness, European journal of work and organizational psychology, Vol. 9, Issue 3, 401-420, 2000.
32- Pleshko, L., & Nickerson, I., STRATEGIC ORIENTATION, ORGANIZATIONAL STRUCTURE, AND THE ASSOCIATED EFFECTS ON PERFORMANCE IN INDUSTRIAL FIRMS. Academy of Strategic Management Journal, 7, 95-110, 2008.
33- Qrunfleh, S., & Tarafdar, M. Supply chain information systems strategy: Impacts on supply chain performance and firm performance. International Journal of Production Economics, 147, 340-350, 20014.
34- Ralph Adler & jonathan Reid, The Effects of Leadership Styles and Budget Participation on Job Satisfaction and Job Performance, Asia-Pacific Management Accounting Journal, Vol. 3, No. 1, pp21-46, 2008.
35- Sabberwal, R., & Chan, Y. E., Alignment Between Business and IS Strategies: A Study of Prospectors, Analyzers, and Defenders. Information Systems Research, Vol. 12, Issue1, 2001.
36- Steffens, P., Davidsson, P., & Fitzsimmons, J., Performance Configurations Over Time: Implications for Growth- and Profit-Oriented Strategies. Entrepreneurship: Theory & Practice, Vol. 33, Issue1, 125-148, 2009.
37- Stremersch, S., & Teilis, G. J., Understanding and managing international growth of new products. International Journal of Research in Marketing, Vol. 21, Issue 4, 421-438, 2004.
38- Tallon, P. P., A Process-Oriented Perspective on the Alignment of Information Technology and Business Strategy. Journal of Management Information Systems, Vol. 24, Issue 3, 227-268, 2007.
39- Tanriverdi, H. s. INFORMATION TECHNOLOGY RELATEDNESS KNOWLEDGE MANAGEMENT CAPABILITY, AND PERFORMANCE OF MULTIBUSINESS FIRMS. MIS Quarterly, Vol. 29, Issue 2, 311-334, 2005.
40- Venkatesh, V., Bala, H., Venkatraman, S., & Bates, J., ENTERPRISE ARCHITECTURE MATURITY: THE STORY OF THE VETERANS HEALTH ADMINISTRATION. MIS Quarterly Executive, Vol. 6, issue2, 79-90, 2007.
41- Venkatraman, N. (1989). The concept of Fit in Strategiy Research: Toward Verbal and Statistical Correspondence. Academy of Management Review, Vol. 14, Issue 3, 423-444, 1989.
42- Zhou, H., Collier, D. A., & Wilson, D. D. The Relationship of Strategic Business Alignment and Enterprise Information Management in Achieving Better Business Performance. Enterprise Information Systems, Vol. 2, Issue 2, 219-237, 2008.
Tawaha, M. S. (2016). The Impact of Leadership Styles on Enhancing the Financial Performance through the Strategic Alignment in the Jordanian Insurance Companies. International Journal of Academic Research in Business and Social Sciences, 6(6), 104-117.