Leadership acts as the catalyst that makes all other elements work together; without leadership, all other business resources lie dormant. Savvy business leaders are in tune with the needs and issues of their subordinates, and keep up to date on new developments in leadership theory and methodology to maximize their effectiveness.
What should leader do and what’s the importance of leadership? Here are some methods and points about importance of leadership:
Leader, who motivates the employees with economic and non-economic rewards and thereby gets the work from the subordinates. A leader, who proves to be playing an motivator role in the concern’s working.
Leader’s motive ought to be primary level and his/her co-ordination can be achieved through reconciling personal interests with organizational goal. This synchronization can be achieved through proper and effective co-ordination.
3. Creating Confidence
It’s also important for leader to hear the employees within good behavior to their complaints and problems. A confidence is an very important factor which can be attained through expressing the work efforts to the subordinates by explaining them clearly their role and giving them guidelines to attain the goals efficaciously.
Leaders are invaluable when it comes to formulating and communicating new strategic directions, as well as communicating with and motivating employees to increase dedication to organizational goals. A leaderless organization is like an army without generals. Work forces need the leadership of skilled and experienced individuals to provide guidce and a single direction for all employees to follow.
Leaders and leadership styles may need to be changed to suit specific situations. A new CEO in an established company, for example, may benefit from altering his leadership style to be more in line with the culture of his new company. Top executives themselves may need to be switched out from time to time if a company’s performance establishes a pattern of decline.