Write 2 page essay on the topic Strategic leadership.e analysis of the practical facts, and&nbsp.thorough&nbsp.testing of the theories presented, which provides a&nbsp.realistic&nbsp.situation on the

Write 2 page essay on the topic Strategic leadership.

e analysis of the practical facts, and&nbsp.thorough&nbsp.testing of the theories presented, which provides a&nbsp.realistic&nbsp.situation on the ground. thus preventing the&nbsp.development&nbsp.of products that may not be well received by customers as earlier perceived.

Through creative thinking, it&nbsp.was envisioned&nbsp.that the Exact Online software would be&nbsp.crucial&nbsp.to the operations of the business. S

ince it&nbsp.was perceived&nbsp.to be a&nbsp.feasible&nbsp.idea and an innovative product, market research&nbsp.was not conducted&nbsp.to determine the customer’s requirements and views. Thus, a&nbsp.decision&nbsp.was drawn&nbsp.without sound argumentation of the facts present, and no&nbsp.justification&nbsp.was made&nbsp.to verify if the idea could work.

According to de Wit and Meyer (2010), the&nbsp.manager&nbsp.uses his intuition based on his experience in the industry. This intuition gave the bigger picture of how the&nbsp.product&nbsp.would have an impact on business, and consequently, the profit margins of the company. The board bought the idea and made a conclusion without having a&nbsp.rigorous&nbsp.analysis, which increased the&nbsp.speed&nbsp.of implementation of the&nbsp.idea&nbsp.and its&nbsp.subsequent&nbsp.production. However, the decision for the&nbsp.product production&nbsp.did not have&nbsp.feasible&nbsp.impact, because it did not&nbsp.capture&nbsp.what the customer wanted, thus the&nbsp.lukewarm&nbsp.attitude 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 the&nbsp.market&nbsp.expectations of the product. Consequently, an appropriate&nbsp.decision&nbsp.would&nbsp.have been drawn&nbsp.based on these facts and arguments and not solely on intuition. Intuition only focuses on the qualitative&nbsp.information&nbsp.such as the presumed impact of the product and the&nbsp.eventual&nbsp.profits the company would make. This show that intuition can lead to new, innovative product, which if not&nbsp.well&nbsp.research on can lead to negative