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Strategic planning is a fundamental process that ensures the long-term success and sustainability of organizations. Leadership and managerial skills play a crucial role in effectively formulating, implementing, and evaluating strategic plans. Effective leaders provide vision, inspire teams, and foster innovation, while managerial skills ensure the systematic execution of plans through decision-making, problem-solving, and resource allocation. This paper explores the interplay between leadership and managerial competencies in strategic planning, highlighting how transformational and transactional leadership styles contribute to strategic goal achievement. Additionally, it examines the significance of communication, adaptability, and analytical thinking in aligning organizational strategies with market dynamics. The findings indicate that organizations that integrate strong leadership with sound management practices achieve higher efficiency, competitive advantage, and resilience in a rapidly evolving business environment.
Taleh Khalılov (Wed,) studied this question.