What differentiates an adaptive strategic leader from the rest?

Strategic leadership, which is a manager's ability to develop and execute strategic visions using the available resources optimally, plays a vital role in the overall growth of an organization. Being one of the most sought-after skills by companies, the scope of adaptive strategic leadership as a career is on a constant rise. A recent IBM study found that over 90% of the start-ups in India fail due to a lack of innovation and improper execution of their business strategies. Consequently, every corporation wants to have honed strategic managers who can prepare both short- and long-term plans to outrun the intense competition in business. A strategic manager plays multiple roles and needs to adapt according to the situation.