Level 5 Leaders Have

question 29

Multiple Choice

Level 5 leaders have:

• A) the ability to meet all challenges without assistance.
• B) a strong drive for personal success.
• C) no need for the limelight.
• D) no responsibility for their company's success.

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Definitions:

Forward Integration

A business strategy where a company controls the distribution and sale of its products by moving downstream in the supply chain.

Diversification

A risk management strategy that involves expanding a company's operations by adding new products, services, or markets to its existing portfolio.

Market Penetration

Strategies aimed at increasing the market share of an existing product, or promoting a new product, through aggressive marketing and sales approaches.

Planning Gap

The difference between a company's target performance and its forecasted performance, requiring the development of strategies to bridge or close the gap.