Question

What is the role of business and business leaders and why are they important?

Answer 1

Inspiring Morale
It has been said in some quarters that an organization without a leader is like an army without a general. A business leader’s position is to inspire morale among the organization’s employees. This makes the employees work harder and they have their eyes on the prize.

Guiding an Organization Towards Embracing Diversity

A sound business leadership in any organization will always have room for diversity.

Diversity with regards to employment of women, millennials, and minorities in an organization should be guided by the management to create an affirmative action towards this.

Organizations always have a policy on inclusion, and it is the place of business leaders to ensure that there is diversity in an organization. The issue of diversity also needs to be addressed in the board of directors’ level.

A business leader needs to always be on their toes and alert in order to ensure that the organization has a vision and stays on course towards the achievement of that vision. This is because in the course of everyday ebbs and flows in an organization, the employees and the organization as a whole may at some point lose track of the big picture.

A good business leader ensures that the ship is sailing the right direction, even in times that the organization has lost its course.

Communicating New Strategic Directions
Once an organization’s management has decided on a new strategic direction for the organization, leadership must communicate this through memos, emails or staff meetings.

This ensures that the change is communicated from a point of authority and therefore diffuses any doubt of whether it is true or not.

It also helps the employees to better deal with the changes that may come with the adopted strategic directions. The business leader is held by employees as a unifying figure and receiving of such communication from their leader is a sort of a reassurance.

Availing Necessary Resources and Support
While the department of finance may be the one to procure the resources needed by the various employees in order to perform better, it is the business leaders that give the go-ahead for acquisition.