qualities of a good business leader

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leadership as a art described

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A good leader can't get too far ahead of his followers –Franklin D. Roosevelt Qualities of Effective Business Leader:

A good leader can't get too far ahead of his followers –Franklin D. Roosevelt Qualities of Effective Business Leader Presented By: Ankan Bandyopadhyay Stream: ECE , Year: 4 th College: Saroj Mohan Institute of Technology

Content:

Content Meaning of leadership A story of leadership Theories of leadership Qualities of a good business leader Types of leadership style Changes in leadership Queries Conclusion

Leadership:

Leadership According to Merriam-Webster Inc. a leader is defined as “ a person who has commanding authority or influence”. Leadership has been described as the “process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task”. This definition however is very vague as well as void of the important individuality that each person brings to the concept of leadership. It is for this reason the qualities of a “good leader” are difficult to define. Each individual comes to the table with different philosophies. What is important is that each leader takes the time to evaluate not only his/her own leadership strengths and weaknesses but also the needs and dynamics of the group with which they will be working.

A leadership Story :

A leadership Story A group of workers and their leaders are set a task of clearing a road through a dense jungle on a remote island to get to the coast where an estuary provides a perfect site for a port. The leaders organize the labor into efficient units and monitor the distribution and use of capital assets – progress is excellent. The leaders continue to monitor and evaluate progress, making adjustments along the way to ensure the progress is maintained and efficiency increased wherever possible. Then, one day amidst all the hustle and bustle and activity, one person climbs up a nearby tree. The person surveys the scene from the top of the tree. And shouts down to the assembled group below…“Wrong Way!”. (Story adapted from Stephen Covey (2004) “The Seven Habits of Highly Effective People” Simon & Schuster). “Management is doing things right, leadership is doing the right things” (Warren Bennis and Peter Drucker)

Theories of Leadership:

Theories of Leadership Trait theories: Is there a set of characteristics that determine a good leader? Personality? Dominance and personal presence? Charisma? Self confidence? Achievement? Ability to formulate a clear vision?

Theories of Leadership:

Theories of Leadership Behavioral: Imply that leaders can be trained – focus on the way of doing things Structure based behavioral theories – focus on the leader instituting structures – task orientated Relationship based behavioral theories – focus on the development and maintenance of relationships – process orientated

Theories of Leadership:

Theories of Leadership Contingency Theories: Leadership as being more flexible – different leadership styles used at different times depending on the circumstance. Suggests leadership is not a fixed series of characteristics that can be transposed into different contexts. May depend on: Type of staff History of the business Culture of the business Quality of the relationships Nature of the changes needed Accepted norms within the institution

Theories of Leadership:

Theories of Leadership Transformational Theories: Widespread changes to a business or organization Requires: Long term strategic planning Clear objectives Clear vision Leading by example – walk the walk Efficiency of systems and processes

Theories of Leadership:

Theories of Leadership Transactional Theories: Focus on the management of the organization Focus on procedures and efficiency Focus on working to rules and contracts Managing current issues and problems

Qualities of a Good Business Leader:

Qualities of a Good Business Leader Here is a list of potentially successful leadership traits. It is nearly impossible for any leader to represent all of these qualities in their work, how ever one may use the list as a guide to those qualities seen as successful and important for strong leadership. 1. Character 2. Charisma 3. Commitment 4. Communication 5. Competence 6. Courage 7. Discernment 8. Focus 9. Generosity 10. Initiative 11. Listening 12. Passion 13. Positive attitude 14. Problem solving 15. Relationships 16. Responsibility 17. Security 18. Self-discipline 19. Servant hood 20. Teach ability 21. Vision

Types of Leadership Style:

Types of Leadership Style Autocratic: Leader makes decisions without reference to anyone else High degree of dependency on the leader Can create de-motivation and alienation of staff May be valuable in some types of business where decisions need to be made quickly and decisively

Types of Leadership Style:

Types of Leadership Style Democratic: Encourages decision making from different perspectives – leadership may be emphasized throughout the organization Consultative: process of consultation before decisions are taken Persuasive: Leader takes decision and seeks to persuade others that the decision is correct

Types of Leadership Style:

Types of Leadership Style Laissez-Faire: ‘Let it be’ – the leadership responsibilities are shared by all Can be very useful in businesses where creative ideas are important Can be highly motivational, as people have control over their working life Can make coordination and decision making time-consuming and lacking in overall direction Relies on good team work Relies on good interpersonal relations

Types of Leadership Style:

Types of Leadership Style Paternalistic: Leader acts as a ‘father figure’ Paternalistic leader makes decision but may consult Believes in the need to support staff

Change in Business Leadership :

Change in Business Leadership The most challenging aspect of business is leading and managing change The business environment is subject to fast-paced economic and social change Modern business must adapt and be flexible to survive Problems in leading change stem mainly from human resource management. Leaders need to be aware of how change impacts on workers

Any Queries ?:

Any Queries ?

Conclusion:

Conclusion Often times it is seen that the leaders seem to think that their primary duty is to bark orders and delegate every aspect of their job to their subordinates.  In the end most are confused on why these same subordinates don't respect them. The answer lies in understanding that leadership is much more than ordering others; it is also about establishing credibility with those you wish to lead.  Credibility comes from performance.  After giving it some thought, here is a line from a poem about this: To lead by example is the true treasure, The secret of leadership, in one simple measure. Victor Antonio G. ,

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