Introduction The success of any organization is largely dependent on the way it is managed. Since the leaders’ decision and behavior may be considered a decisive factor in the efficiency of the organizational business conduct and the employees’ productivity, the selection of right strategic approaches in leadership may have a significant favorable effect on the corporate performance and its outcomes. The strategic and ethical leadership are meant to address a set of issues of both internal and external character. Through the elaboration of leadership strategies, the executives may achieve success in managing and guiding their subordinates. While strategic leadership is rather focused on the increase of organizational efficiency through the evaluation of environments, ethical leadership is more concerned with the issues of moral and respectful business conduct. Despite the differences in approaches, both leadership styles provide the opportunities for organizational improvement, and their incorporation into the organizational regulation may allow the leaders to attain long-term sustainability in business. Strategic Leadership In the article “Strategic Leadership of Corporate Sustainability,” Robert Strand investigates the managerial strategies, their interrelations with the leaders’ organizational responsibilities, and the overall effects on business outcomes. The author highlights the concept of corporate sustainability and makes it a landmark for the leadership to follow. As Strand (2014) claims, “corporate sustainability refers to the integration of economic, environmental, and social considerations on the part of corporations” (p. 688). Therefore, organizational leaders need to address these aspects of corporate performance while developing a strategy. Traditionally, strategic leadership focuses on the group of top management and its executive capabilities. The strategies may usually be task-oriented or employee-oriented, and through them, the leaders attempt to guide, support, and motivate the subordinates, communicate with them, and give feedback. The motivational aspect is essential to the strategic efficiency as it gives the employees the purpose for the effective fulfillment of their duties and increase of productivity. According to Strand (2014), the consideration of the concept of corporate sustainability by leadership allows the realization of the external advantages and disadvantages “that may have otherwise gone unrealized without concerted attention and coordination afforded by a strategic level position” (p. 687). In this way, by increasing the corporate social responsibilities, and inclusion of the concepts of sustainability into the organizational bureaucratic machinery, leaders attain the opportunity to expand their focus. As a result, the organization accumulates the competitive advantages that help it to overcome the crises, forecast it, and prevent the undesired outcomes. Ethical Leadership In the article “Ethical Leadership” written in 2010, Mihelic, Lipicnik, and Tekavcic review the main conceptual and practical constituents of ethical leadership. Ethical leadership is primarily concerned with decision-making and its consequences. According to the principles of ethics, the top managerial group needs to make the decision based on fairness, responsibility, and respect (Mi