In: Economics
Please define the 3 Biggest Leadership challenges that Leader face as business grow. And explains why for a sustainable business growth, Effective Leaders need all these 3 to be well managed and strong.
As business grow the leader has to face many challenges for controlling their subordinates. A appropriate leader is the one who behind all the subordinates success the firm. The of must choose a right person with all the leadership qualities to the position. Culture, organization and capability is said to be the three major challenges faced in a growing business.
BIGGEST LEADERSHIP CHALLENGES
a) CAPABILITY
The leader must be capable of developing staff, manage performance, deal capacity stress and conflicts, with capabilities, motivating and inspiring.. A good leader is one who have critical skills. organizational and every employees of the enterprise is highly educated and intelligent. They use all the capabilities for making the business a profitable venture. But all of them may not have leadership skills such as confidence, communication skills etc. The leader should focus of his subordinates critically for supporting them. A leader should be appointed in all levels of management.
b) CAPACITY
The biggest challenge that every growing business faces is shortage of the leaders. The number of leaders available to the business must match with the requirement. The inefficient leaders may affect the business negatively. The leader nee the capacity to face sudden issues and challenges that a business face. It is th responsibility of a leader to ensure necessary capacity for change. the lack of leadership capacities which lead to a major issues are self leadership, empowering, collaborating ang influencing, vision, creativity and innovationand inspiring.
C) CULTURE
Culture, capacity and capability is required for every business for its sustainable growth. The growing business firm face challenge in keeping th positive culture. The employees from different streams are working together to maintain the company culture. The enterprise need cultural growth increase the opportunities for leaders. An organization shares the beliefs and the values of the firm and defines the inappropriate behaviour as well as appropriate behaviour.
All the above three is essential for a growing business to sustain. A leader should take all the efforts for improving the capacities and capabilities. Implementing sustainable growth is not at all an easy task. It requires proper planning. As we know the business environment is not at all stable. It keep on changing. So ensuring stable growth in the dynamic environment is difficult process. But by reducing the major challenges we can easily achieve the success. Innovative skills are very important to the leader for making their business unique. The biggest challenges faces by the leader can be eradicated by sing these strategies. It is necessary to retain the loyal customers, stay efferent in business, embrace the proper technology, choosing right person as leader for sustaining g the business growth. A leader must use all the capabilities and capacities for stable growth of enterprise. A good leader should frequently make self assesments based on his/her individual qualities.