True
It is true that a price leadership strategy provides a legal way for firms to agree on prices without explicitly coordinating prices. With this, the method is legal and in accordance with existing regulations.
Leadership strategy is the way a leader in a company develops a strategy to achieve certain goals. The strategy should indicate the steps the company needs to take to move from the current state to the desired state. Several ways of solving problems that can be done for this can include overhauling or creating a new organizational structure, to allocating resources.
However, the strategy made should not only be based on “for now” decisions. Leaders must also consider the company's long-term goals. Simply put, the goal of strategic leadership is to prepare the organization for whatever the future may bring. Whether it's a completely new risk or a challenge from the past that might repeat itself.
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