Strategic leaders manage the firm's portfolio of resources by organizing them into capabilities, structuring the firm to use the capabilities, and developing and implementing a strategy to leverage those resources to achieve a competitive advantage.
<h3>What is strategic leadership and how do you become a strategic leader?</h3><h3>Strategic leadership skills and characteristics</h3>
Key traits of an effective strategic leader include loyalty to the organization's vision, judicious use of power, transparency, effective communication, problem-solving, readiness to delegate, passion for their job, compassion, and empathy for others and self-awareness.
<h3>Why is strategic planning considered a core responsibility of an effective leader?</h3>
“Strategic planning” means planning for long-term success by continually leveraging new sources of information.
A strategy enables leaders to anticipate changes, opportunities, and challenges in the business environment that will make an impact on the future of the organization and its members.
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Answer:
Independent internal verification
Explanation:
Answer :
. a proposed firm's goals, strategy for achieving them, and standards for measuring success.
Explanation:
A business plan is a proposed firm's goals, strategy for achieving them, and standards for measuring success.
The business plan outlines how the firm will meet it set goals and objectives and the strategy it will use in achieving them. It must also include how the firm will measure it's success.
It is a written orderly statement of the firm's goals ,methods of achieving the set goals and how it will measure its achievement.
Business plan gives the organisation a sense of purpose.
Answer:
1. b. Tax homeowners who plant trees.
2. Win - society and consumer
Loose - tax payers and producers.
Explanation:
1. a). If the good creates a positive externalities, then the 
from the good.
In the context, the following would not help to correct the problem :
Taxing the homeowners who plant the trees.
If the government taxes or takes some money form the people or the house owners who plant trees in their neighborhood will discourage the people to plant the trees and would not help in correcting the problem.
2. If the government pays for the program that helps to increase the planting the trees, then,
the one who will win from this program is : society and the consumers
the one who will loose : tax payers and the producers as the government would impose more tax in order to fuel the project.
Answer: A - It results in a decrease in inventory
Explanation: Goods receipt will result in increased inventory as goods are received into the store or warehouse were it will be sold.
Goods receipt occurs during a procurement process therefore creating a financial accounting document called invoice and delivery note which will be used to ascertain the actual cost of the goods purchased and actual quantity of goods received.
