As a Process, Leadership Can Be Defined As

question 81

Multiple Choice

As a process, leadership can be defined as:

• A) the practice of empowering employees to participate in organizational decision making.
• B) the set of characteristics attributed to individuals who are perceived to be leaders.
• C) the use of noncoercive influence to shape an organization's goals.
• D) the ability to assess business process performance.
• E) the ability to adjust to and understand the changes in a workplace.

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Definitions:

Cost Leadership

A competitive strategy where a company aims to become the lowest-cost producer in its industry or market.

Labor Specialization

The process of dividing work into unique tasks performed by different individuals, improving efficiency and expertise.

Market Share

The proportion of total sales or revenue that a company or product secures within a particular market, compared to competitors.

Cost Leadership Strategy

A business strategy focusing on gaining a competitive advantage by becoming the lowest cost producer in the industry.