Business Finance
Leadership Development Essay

Question Description

I’m working on a Business exercise and need support.

Leadership paper 6-8 pages Leadership paper 6-8 pLeadership paper 6-8 pages Leadership paper 6-8 pages Leadership paper 6-8 pages

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Final Answer

Attached.

Running head: Z-F LEADERSHIP DEVELOPMENT

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Running head: Z-F LEADERSHIP DEVELOPMENT

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Innovation is the key leadership level that I will focus on. Innovation is an important
function for a leader because it determines the success of the company. Innovation determines the
improvement of the product and whether it is competitive in the market. Failure to innovate is
planning to fail due to changes in demands. Customers will always need new produt6csthat would
satisfy their current needs. Failure to innovate leads to low performance and market share in the
market. Innovations is a way of responding to competition and trends. It enables the leader to see
opportunities in the future for the existing product. Innovation also influences the strategic
planning of the organization and this enables the leader to make an informed decision for the future
of the company.
Purpose 1: Increase sales
There is the purpose of innovation to increase the sales of the company. Innovation will
enable the company to increase its production by adding new equipment that could be able to
produce more products at lower costs. This will enable the company to meet the demand in the
market by supplying the products on time. Sales increases in an organization will create a big
picture of the development and growth of the company since more revenue will be generated to
support the operations of the company (Klagge, 2015).
Plan
In order to increase sales in the company new equipment will be required, which could
help in maximizing the production. Employees will be motivated by providing them with a good
working environment to increase their creativity. They will also be given the required support in
terms of financial resources to promote their creativity. The company will then compensate the
employees for their innovation and support for the success of the company. Secondly, the company

Running head: Z-F LEADERSHIP DEVELOPMENT

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will hire a group of experts who will assess the situation in the company and be requested to
develop technologies that could lead to the mass production of goods. Therefore competence and
passionate of innovation will be required in achieving the goal.
Expected outcome
One of the expected outcomes of innovation is the increase in profitability. The company
will be able to generate more profits from increased sales. Innovation will also promote growth
o0f t...

Kevins_Jr (11451)
UC Berkeley

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