The ultimate aim of any modern corporate is growth with profit maximization. Growth is the first and foremost characteristic of nature and its products which include modern societies with all their industrial, agricultural and service sectors and above all the research organizations to cater to the needs of primary, secondary and tertiary sectors. Governed by the laws of the universe and nature, societies, markets and above all human life are in the constant churn of development in the realm of creativity and innovativeness.

A better appreciation of the concept of strategic leadership can be obtained by comparing it with managerial leadership and visionary leadership. Managerial leadership is the one that is exhibited by majority of the executives in most of the organizations. In fact, nearly all the organizations including those of the government have a system of training executives in managerial leadership. Managerial leadership is rule-bound, it is process-based; it relates people according to their roles in the decision-making process. It is impersonal and passive, with a focus on goals.

Strategic Leadership can be distinguished from leadership on two basic aspects: [1] Strategic leadership theory relates to the study of people at the top of the organization while leadership theory relates to the study of people at any level of the organization. [2] Leadership theory focuses on the behavior and relationship between leaders and followers. Strategic Leadership theory covers a wider spectrum; it studies the executive work as a relational activity; it examines the context of the interactions in terms of strategic and symbolic activities. Strategic leadership can be defined as the leader's ability to anticipate, envision, maintain flexibility, to think strategically and to work with the members of the team to initiate changes that will create a viable future for the organization. It is the ability of the leader to influence others to voluntarily make day-to-day decisions that enhance the long-term viability of the organization while at the same time maintaining the short-term financial stability.

ICICI Prudential Life Insurance Company , strategic leadership , behavior, Managerial leadership,financial stability,envision, day-to-day decisions , training executives