Leadeship:A Vital Part Of Business

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LEADERSHIP A Vital Part of Business
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Introduction

• Leadership means different things to different
  people. And understanding what makes someone a
  leader can depend on their profession and their
  leadership style for Business.
• Leadership is accomplishing things that reach
  beyond solitary abilities by acting and getting
  others to act swith a maturity that surpasses
  limited self-interest.

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Importance of Leadership

• Leadership is an important factor for making an
  organisation successful.Leadership is an
  important function of management which helps to
  maximize efficiency and to achieve organizational
  goals.

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• The following points justify the importance of
  leadership in a concern.
• Initiates Action
• Motivation
• Providing Guidance
• Creating Confidence
• Building Morale
• Builds Work Environment
• Co-Ordination

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• Initiates Action
• Leader is a person who starts the work by
  communicating the policies and plans to the
  subordinates from where the work actually starts.
• Motivation
• A leader proves to be playing an incentive role
  in the concerns working. He motivates the
  employees with economic and non-economic rewards
  and thereby gets the work from the subordinates.

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• Providing Guidance
• A leader has to not only supervise but also play
  a guiding role for the subordinates.the way they
  have to perform their work effectively and
  efficiently.
• Creating Confidence
• Confidence is an important factor which can be
  achieved through expressing the work efforts to
  the subordinates,It is also important to hear the
  employees with regards to their complaints and
  problems.

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• Building Morale
• Morale as leader denotes willing co-operation of
  the employees towards their work and getting them
  into confidence and winning their trust.
• Builds Work Environment
• Management is getting things done from people. An
  efficient work environment helps in sound and
  stable growth. Therefore, human relations should
  be kept into mind by a leader.

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• Co-Ordination
• Co-ordination can be achieved through reconciling
  personal interests with organizational goals.

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Benefits of Good Leadership In Business

• Leadership is the most influential and critical
  element of all businesses. Effective leaders have
  the necessary tools and skills to inspire and
  impact their teams allowing firms to run
  competently and smoothly.
• As a good leader, you should understand the
  mission statements, objectives, actions plans and
  goals of the company to be able to lead your
  workforce into realizing them.

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• Improved Productivity in Businesses
• Improved ability to succeed under pressure.
• Increased emotional intelligence.
• Improved charisma and seriousness in business
  operations.
• Growth in confidence in your team.
• Improved listening and communication skills.
• Increased awareness of diversity in the
  workforce.
• Improved innovation and creativeness.
• Dependable, reliable and competent workforce.

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What Are the Advantages Disadvantages in
Leadership in Business?

• Businesses often start out as sole
  proprietorships where a single entrepreneur
  controls all aspects of a business. While it can
  be difficult to run a solo operation.

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• It also keeps things simple the owner does not
  have to worry about leading or managing
  employees. As businesses grow, owners may
  eventually hire workers to assist with increasing
  workloads. Leadership presents several potential
  advantages and disadvantages to entrepreneurs and
  their business.

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