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PLEASE RESPOND TO THIS, I MUST COMPLETE A PEER REVIEW ON THE BELOW. Thanks
Please demonstrate critical thinking abilities. No fewer than 250 words for post. Do not summarize the post and/or course concept(s), but perhaps comment on concepts directly applicable to your workplace.
For this response, should outside sources be used to support the content within the postings, proper in-text citations and correctly formatted references should be prepared consistent with the APA (6th edition). The list of references should be physically positioned at the end of the postings.
The top three most important attributes for a leader are: ability to manage risk, seize opportunities, and maintain strategic business perspective (Graham-Leviss, 2016). Business growth and longevity is often a product of sustainable competitive advantage. In the modern day competitive business environment, it is difficult for a company to attain and retain competitive advantage unless it reaches for risky yet beneficial opportunities. As Burgelman (2015), illustrates, there is never a grand plan that guarantees future business success. It is about leadership. Business leadership is a journey characterized by strategy evolutions and transformations that ensure longer survival of a company. A leader must be able to seize opportunities, manage risks, and maintain strategic business mindset to be able to deliver lasting success for a company.
Fourne, Jansen, and Mom (2014) refer to it as an strategic agility that is necessary for any multinational enterprise to thrive in an emerging and established market. Both emerging and established markets present challenges and opportunities. Excelling in such situations requires a strategically agile leader; a leader that is quick to identify and optimize on opportunities while managing risks and maintaining strategic business perspective. Today’s business environment is increasingly heterogeneous and hypercompetitive such that unless a business leader nurtures these qualities, their longevity may be uncertain.
Burgelman, R. A. (2015, March). Built to become: Corporate longevity and strategic leadership [Working Papers (Faculty).] Stanford Graduate School of Business, 1-81. Database: Business Source Premier.
Fourne, S. L., Jansen, J. P., & Mom, T. M. (2014). Strategic agility in MNEs: Managing tensions to capture opportunities across emerging and established markets. California Management Review, 56(3), 13-38. doi:10.1525/cmr.2014.56.3.13
Graham-Leviss, K. (2016, December 20). The 5 skills that innovative leaders have in common. Harvard Business Review Digital Articles, 2-6. Database: Business Source Premier.