Write a formal expository essay, 500-600 words, that answers the following question: Despite the progress made in leadership within current local firms and industries, numerous leaders exhibit reluctance to embrace innovative and strategic approaches that have the potential to yield productive outcomes. This hesitancy can be attributed to a tendency to adhere to established habits and traditions. Discuss the potential impact of an individual who has completed an M.Sc. in Strategic and Innovative Leadership on leadership practices within various firms and industries.