Which of the following statements is true about strategic leadership?
A) It is the primary responsibility of the functional managers of an organization.
B) It does not take into account the task of maximizing shareholder value.
C) It is involved with making decisions regarding how to create a competitive advantage.
D) It is a concept that does not apply to multidivisional companies with several business units.
E) It is essentially about supervising workers at a manufacturing unit of an organization.

Question

Quizplus · Accepted Answer

Strategic leadership is all about creating a competitive advantage by making important decisions regarding the organization's future direction. It requires an understanding of market trends, customer needs, and business opportunities. Functional managers may be involved in strategic leadership, but it is ultimately the responsibility of top-level executives. Maximizing shareholder value is often a key focus of strategic leadership, as it contributes to the long-term success of the organization. Strategic leadership is relevant to all types of organizations, including multidivisional companies with several business units. It is not simply about supervising workers at a manufacturing unit, but rather involves a broader perspective on the organization's goals and objectives.

Which of the Following Statements Is True About Strategic Leadership