Describe Three Characteristics of Strong Strategic Leaders

question 47

Essay

Describe three characteristics of strong strategic leaders. Explain how each of the three characteristics would help motivate and lead an organization's personnel.

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Definitions:

Cost Driver

A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate overheads more accurately.

Responsibility Centre

A unit or department within an organization, headed by a manager, who is accountable for its activities and financial performance.

Direct Costs

Expenses that can be directly attributed to the production of a specific product or service, such as materials and labor.

Resources

Assets, materials, or other inputs necessary for an organization to produce goods or services and operate effectively.