Strategic leadership Essay Example | Topics and Well Written Essays - 500 words

Strategic leadership - Essay Examplee analysis of the practical facts, and essentialtesting of the theories presented, which provides arealisticsituation on the ground thus preventing thedevelopmentof products that may not be well received by customers as earlier perceived.Through creative thinking, itwas envisionedthat the Exact Online software would becrucialto the operations of the business. Since itwas perceivedto be afeasibleidea and an innovational product, market researchwas not conductedto determine the customers requirements and views. Thus, a ratiocinationwas drawnwith reveal sound argumentation of the facts present, and nojustificationwas madeto cuss if the idea could work.According to de Wit and Meyer (2010), themanageruses his intuition based on his experience in the industry. This intuition gave the bigger picture of how theproductwould soak up an bear upon on business, and consequently, the profit margins of the company. The board bought the idea and made a conclu sion without having arigorousanalysis, which increased thespeedof implementation of theideaand itssubsequentproduction. However, the decision for theproduct productiondid not havefeasibleimpact, because it did notcapturewhat the customer wanted, thus thelukewarmattitude towards the product.Prior analysis of the product would have had a different outcome on the performance of the Exact Online software in the market. This is one of the points of tension, since market research and subsequent analysis would have brought out themarketexpectations of the product. Consequently, an appropriatedecisionwouldhave been drawnbased on these facts and arguments and not solely on intuition. Intuition only focuses on the qualitative datasuch as the presumed impact of the product and theeventualprofits the company would make. This show that intuition can lead to new, innovative product, which if notwellresearch on can lead to negative