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Importance of leadership on business success
Importance of leadership on business success
The role of a leader in the success of an organization
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A company’s success is dependent on the leadership abilities of its internal customers, which in turn enables a company to surpass its competition and gain a sustainable competitive advantage. Through the actions of an effective leader, the company is able to obtain higher profit margins, increase its ROI and become a force to be reckoned with in its industry, as showcased by Chairman of Xerox Ursula Burns. In other words, it is critical for an organization to align prospective candidates to the right job positions, in order to assist the company in meeting its short-term as well as long-term goals. Moreover, with the advancement in technology, people have become disconnected, which has negatively impacted their interpersonal skills. This is why it is imperative for an individual to possess characteristics that coincide with cultivating relationships when put in leadership positions. Essentially, when a …show more content…
There are a multitude of individuals that are exemplary in their fields, but despise their jobs. This suggests that business professionals should pinpoint their strengths and find a career that is in alignment with their capabilities. According to Ursula Burns, finding a job is not a difficult task, it’s locating the right job. As a result, business professionals should utilize their niche when seeking employment to procure a position they will enjoy for the long haul. In addition to the aforementioned statements, it is paramount for an individual to give more than they take. It is evident, that there are numerous individuals that think the only route to success entails “taking”. To remedy this skewed mentality, it is vital for a business person to recognize that the grass is not always greener on the other side. Ultimately, it is counterproductive to constantly seek better opportunities when an individual is not applying the full spectrum of their
This book is important to business students because it shows that even the most seasoned executive runs into unexpected challenges and can find themselves in uncharted territory. Jim Barton’s experiences and lessons can be lessons for anyone. Any employee, whether they are support staff or a top executive, should always maintain an open mind and be ready to learn from a situation or the people around them at any time.
There is no scarcity of opportunity to make a living at what you love; there’s only scarcity of resolve to make it happen. ~Wayne Dyer
I chose this particular concept due to the need for effective leadership in today’s workforce as it pertains to employee development. In most cases, many businesses have ineffective leadership development programs that are designed to tear down employees rather than build them up. I have experienced such a lack of leadership through past employment experiences, however, those experiences have afforded me the ability to recognize and prevent those issues from occurring today. I have noticed a lack of focus on behalf of organizations where employee turnaround is the highest. There is nothing more stressful than an organization that is continually trying to see you fail added in with the daily problems of an adult life. The importance of leadership development is found in the constant need for strong and intuitive leadership throughout today’s modern organizations (Rowland, 2016). Organizations of the modern setting will need to explore alternative and innovative avenues to implement effective leadership skills as it pertains to specific industry cultures and or competition. I personally believe that the diversification of today’s workforce has promoted a positive change in how employees are treated and how organizations operate competitively in today’s business
The authors, Nelson and Quick describe that relationship oriented leader’s do well in situations of intermediate favorableness by determining the “degree of fit between the leader and the situation” (Nelson & Quick, 2013). Relations...
Systematic research on leadership began in the early 1930s (House & Aditya, 1997). Researchers were interested in identifying leadership traits that might differentiate leaders from non-leaders. Despite of devoting so much effort to this area, only a few leader traits were found to be positively related to leadership effectiveness such as intelligence and Self-confidence.(Mann, 1959).After this leadership researchers turned their attention to leaders’ behavior. Two types of leadership behavior were identified in different studies (1) Initiating structure that includes task related behaviors such as organizing work, defining role responsibilities, and setting up work activities. (2) Consideration includes relationship oriented behaviors such as building trust, respect, and liking between leaders and followers. The University of Michigan group also identified two types of leadership behaviours. (1)Production orientation means that how much leader is concerned with achieving organizational goals and tasks and (2) employee orientation means that how much followers’ needs are important to leader (House & Aditya, 1997). (Song Heyi and Mao Na Guo Dan, 2007) inspect the relationship between the traits and the performance of the leader in different organizational cultures and found that in today’s dynamic world the negative traits are directly related to the performance, leaders play significant role in every organization. As the competition between the service oriented organizations is very high and continuous change is needed here and growth of these organizations where the only possibility to survive successfully is due to the effective and productive leadership. Leadership is process of social interaction where leaders try...
Leadership directly impacts an organization's bottom line, employee satisfaction, and turnover; it can impact how the organization is viewed by society and in particular its marketing audience. This is particularly significant during a downturn in economic markets. Organizations must meet budgetary controls, and need to communicate...
Trust and shared vision unify the facets of interpersonal resources leaders, direct or guide as employees, navigate through the structured network of relationships that encompasses the cooperative relationship of shared vision, shared values, and mutual goals (Frisina & Frisina, 2011; Li, 2005; McLeod & Young, 2005; Rodríguez-Campos, 2007). Faithfulness and dependability of purpose, move the organization forward from an expected ideal state or big picture whereas the behavior of the leadership becomes the forecaster of organizational performance (Frisina & Frisina, 2011; McLeod & Young, 2005; Rodríguez-Campos, 2007). Reemphasizing Frisina and Frisina (2011) quote, “Whenever performance does not match potential, there is a gap between how we are actually performing and what we could be achieving with the appropriate level of influential leadership and personal motivation” (p. 27).
The only way to develop the kind of leaders a changing organization needs is to make leadership a critical criterion for promotion, and then manage people’s careers to develop it.
Managers should understand an employee’s skills and abilities to make an informed decision on whether or not to hire him. Once hired a manager uses skills and abilities as a deciding factor for an employee’s job placement within the corporation. Secondly, an evaluation of an employee’s personality helps the manager in his leadership approach of that employee. Thirdly, perceptions can be the deciding factor of whether or not a candidate is hired and or promoted. An individual perceived as fitting in may be hired to negotiate business deals. Particularly, if the individual shows a favorable attitude through actions and deeds and has strong values and behaves
Dave Armstrong is about to graduate from Harvard Business School and is facing three career options. The decision problem that Armstrong should be considering is not which of these three jobs should he take, but rather what job will satiate his career goals. By asking this, Armstrong can gain a complete perspective of his options instead of being confined to three career options that may not be in his best interests. His objectives are not clearly outlined in the case; however, we can infer from the manner in which he is describing the jobs that he would like to have ownership in a company, enjoys thrilling non-office jobs, and wants to grow his network. Also, he has to take into consideration his wife’s objectives for him of having a job
Suddenly, some companies become extremely successful, while rest of them unfortunately remains a failure. There can be off-course a lot of reasons for this failure but one of the main reasons is lack of leadership qualities. There are many s...
Retaining work relationships with peers and subordinates is considered to be an essential aspect of effective leadership. Leaders/managers should be able to recognize and understand their co-worker’s/supervisor’s strengths, weaknesses, personality types and preferred way of communication. This often results in productive collaboration of the organization leading to the accomplishment of the desired goals. Leaders should also be able to manage diversity at their workplace. Diversity generally strengthens the organization and a diverse workforce is a key to success. “A diverse workforce can deliver better decision making, better products and services, happier customers, increased productivity and a better bottom line” (Kampf, 2011, p. 44). However,
In today’s ever changing work environment, the notion of beginning and ending a career at one place of employment is considered passé. “Many people entering the work force may work for as many as seven or eight companies during their careers” (p. 42). Within their careers they also learn a vast array of specialized skills, also making the employees more marketable. Within all of these changes is the notion that with all of the skill sets employees are learning “it is not unusual for an employee to work for two or three companies that are competitors of one another, using the knowledge they acquire from one company to enable a different company to compete more effectively” (p. 42).
Numerous find that the freedom, reputation, and sentiment contributing something significant to society that frequently accompany being a business person exceeds these perils – however, these prizes are rarely instant.
The goal of nearly every company or organization is to motivate those involved towards a unified vision and or goal. When an organization is able to identify the major individual variables that influence work behavior, they can offer an atmosphere that is healthy. Typically, all organizations experience the direct relationship between job satisfaction, and performance. In an effort to maximize the performance of staff within a system it is important to develop an optimal interpersonal chemistry. In order to be most effective, leaders in an organization must have a clear understanding of their employees,