Final answer:
Leaders can embrace a. cultural diversity and b. technological advancements for a competitive advantage, as well as stay informed about market trends.
Step-by-step explanation:
According to Chapter 13 in Scandura's text, leaders can embrace a. cultural diversity for a competitive advantage.
Embracing cultural diversity can allow leaders to tap into a wider range of perspectives, experiences, and ideas, ultimately leading to more innovative and effective solutions.
By valuing and incorporating diverse cultural backgrounds, leaders can also create a more inclusive and equitable work environment, which can attract and retain top talent.
Additionally, embracing b. technological advancements can give leaders a competitive advantage.
Technology can streamline processes, improve efficiency, and enable leaders to stay ahead of their competitors.
Adopting and leveraging technology can also enhance communication and collaboration, allowing teams to work more effectively and achieve better results.
While market trends do play a role in a leader's decision-making process, it is important to note that market trends are more external factors that leaders need to be aware of and adapt to rather than something they can directly embrace for a competitive advantage.
Market trends can inform leaders about customer preferences, industry developments, and emerging opportunities, but ultimately it is how leaders respond to these trends that can give them a competitive edge.