The given statement is true.
A leadership strategy strives at growing in a declining industry by picking up the market share of companies that exit leaving the industry.
A leadership plan specifies the types, numbers, locations, talents, and behaviours of the leaders that will be required to achieve the goals, both individually and collectively. Authoritative, Coaching, Affiliative, Democratic, Pacesetting, and Coercive are the six emotional leadership styles, according to Daniel Goleman, Richard Boyatzis, and Annie McKee. Each leadership style has a distinctive impact on the emotions of the followers you are guiding.
The main goal of strategic leadership is to shift an organization's trajectory from one that leads to its default future to one that leads to a better future. This is accomplished through the processes of defining strategy and executing strategy. Process simplification, increased strategic productivity, and innovation are all benefits of strategic leadership.
Employees may be independent, productive, and push for new ideas under this leadership. Programs for incentives and rewards are essential for strategic leaders. They support staff members in achieving their strategic objectives.
Hence, The given statement is true.
A leadership strategy strives at growing in a declining industry by picking up the market share of companies that exit leaving the industry.
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