Question

In: Finance

1. Describeatleasttwo(2)keyfactorsthatinyouropinionmakeyourchosenleadersuccessful? 2. Identifyatleasttwo(2)keyswaysthatyoucanmeasuretheireffectiveness? 3. Howhastheirperformanceasaleadercontributedtoorganisational/companysuccess?

1. Describeatleasttwo(2)keyfactorsthatinyouropinionmakeyourchosenleadersuccessful?

2. Identifyatleasttwo(2)keyswaysthatyoucanmeasuretheireffectiveness?

3. Howhastheirperformanceasaleadercontributedtoorganisational/companysuccess?

Solutions

Expert Solution

1) The following are some key factor that make a leader successful

Good communication

Communication is one of the most important and key factor that make leader success. A good communicator can be a good leader. Until we clearly communicate the plan or mission to the team, it will be very difficult to get result. Words have the power to motivate the people. And if we are not able to make communicate our messages to the subordinate or to the team, we can never be a good leader

Decision making capability

It is another important factor that make a leader successful. A leader should have ability to take decision at right time. For an organization decision making are very important. There are various type of decision a firm want to take in the life of a business. A good leader can take good decision at right time. A leader should think long and hard before taking a decision but once the decision is taken, stand by it. So, decision taking skill of a leader can be said as a key factor for a successful leader

2) the following are some of the key ways that can measure the effectiveness of a leader

· Creativity

· Confidence and humility

· Passion

· Communicator

3) role of a leader is very important in an organization. Leadership is action of leading peoples in an organization towards achieving its organizational objective. Leadership is an important function of management which helps to maximize efficiency and effectiveness of an organization. An effective leadership can influence the organizational values such as honesty, ethics, respect and tolerance etc. a leader should set a clear vision for the organization, he motivates the people guides employees through the work process and build morale a good leader is skillful person he have the qualities like honesty and integrity, confidence, he inspire others, good communicator, creative and innovation, vision and purpose, decision making capability etc. all the qualities of a good leader will contribute to the organization and it will leads to achieve the organizational objective


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