Identify the Correct Statement Regarding Strategic Leadership

question 14

Multiple Choice

Identify the correct statement regarding strategic leadership.

• A) It is responsible for the relationship of the external environment to choices about vision, mission, strategy, and their execution.
• B) It is a form of leadership that comes naturally to individuals.
• C) It reacts to environmental changes, rather than studying the events that have already taken place and acting based on their anticipation of what the future might be like.
• D) It is the most important as well as the most difficult part of strategy execution.

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Definitions:

Opportunity Cost

The benefit that is missed or given up when an investor, individual, or business chooses one alternative over another.

Bavarian Beer

A type of beer that originates from Bavaria, Germany, known for its strict brewing laws and quality standards.

Opportunity Cost

The value of the next best alternative that is forgone as a result of making a decision.

Startup Airline

A newly established airline company that is in the initial stages of its operations.