The Importance Of Leadership In Business

Decent Essays
Leadership in business is critical, no matter what industry it is, as leading people is a critical part of any successful business enterprise. Although some believe that great leaders are born, there are many qualities that can be developed that can help almost anyone become a great leader.

1. Act Ethically and Honestly

The first and most important quality of leadership in business is to always act ethically and honestly, whether you are dealing with a subordinate or a superior. By acting ethically and honestly, a leader promotes similar attitudes in others in the company. One suggestion is to make a list of the values that the brand represents and post them prominently in the office. This emphasizes core beliefs and encourages others to
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Outside the Box

Creativity is another critical leadership quality. Solutions may not always be clear, which is why a good leader needs to look at creative solutions for some problems. However, it is also important to remember that not all creative decisions are the correct decisions, so careful thought and consideration must be given to the best method for implementing solutions.

9. Inspire Others

When people are asked about great leaders from their past, they almost always talk about how they were inspired by them. A great leader makes the team feel invested in the company, as if they own a portion of the business themselves. Not only does inspiration help your team achieve long-term goals, it can also benefit the company with current issues as well.

10. Courage

Courage is important in business as there will be times when a leader is faced with difficult decisions. Courage allows you to face fears and make decisions, even when the outcome of those decisions may be painful, such as layoffs during economic downturns. Good leaders take obstacles and turn them into opportunity.

11.
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Good Instincts

Leadership requires good instincts. Often, a "gut feeling" is more accurate than pages of data, and a good leader knows how to put those "gut feelings" to work properly. A good sense of judgment is a very important leadership quality, but it is also important to recognize good instincts in others as well.

13. Firm but Flexible

Once a decision is made, a good business leader remains firm in that decision. However, it is also important to listen to others who may see flaws in the decision. Therefore, leadership in business requires not only the ability to firmly stand by a decision, but to have enough flexibility that those decisions can be tweaked as necessary.

14. Accept Responsibility

There is a lot of truth to the famous Teddy Roosevelt quote "The buck stops here." A good leader accepts responsibility, not only when things are going well, but when things go wrong as well. Ultimately, decisions fall on the shoulders of the leader, and when things go wrong, the leader must step up and take responsibility.

15. Team

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