Leaders can conduct impact assessments by following these steps: 1. Define the Scope: Clearly outline the objectives and boundaries of the assessment. 2. Gather Data: Collect relevant information from various sources, including internal reports, market analysis, and stakeholder feedback. 3. Analyze Data: Use analytical tools to evaluate the potential impacts. 4. Engage Stakeholders: Involve stakeholders in the process to gain diverse perspectives and insights. 5. Develop Action Plans: Create strategies to enhance positive impacts and reduce negative ones. 6. Implement and Monitor: Execute the action plans and continuously monitor their effectiveness.