Final answer:
The components of 'leads by example' include the leadership's commitment to moral law, discipline, and the strategic focus on core competencies, mirroring successful business practices.
Step-by-step explanation:
The components of the subset leads by example under the Core Leader Competencies consist of several key elements. The consummate leader is expected to cultivate the moral law and adhere to both method and discipline, as this provides the power to control success. In terms of business contexts, the concept of core competency is related, as companies often find more success when they focus on a few core products or services, applying leadership principles to business strategies.
These ideal characteristics of a leader within the Leads competency ensure that they are seen as exemplary figures, capable of guiding action through personal example, maintaining high ethical standards, and instilling confidence and commitment in others. By championing core competencies, leaders can effectively steer their organizations towards success, mirroring the strategic focus seen in successful businesses that concentrate on their principal strengths.