Question

Discuss how leadership and governance are intertwined and briefly outline the outcomes of the effective application of each

Answer 1

Effective leadership and Good Governance are like the two sides of a coin. The two concepts have many factors in common. In the absence of effective leadership, one can not visualize Good Governance in its totality. In real terms, Good Governance might not be achieved to its fullest because of cultural, psychological, and sociological differences. governance and leadership are important requirements for an organization to be considered successful in the eyes of stakeholders in today's world. There is a direct connection between the two concepts i.e, Good Governance, and effective leadership that leads to economic prosperity. Lack of leadership is the main cause for many countries lagging from the rest of the world. Governance intertwined with effective leadership is the key variable and success factor.

Outcomes of the effective application of each are as follows:

- effective leadership can help in leading all the employees of the company in one single direction for the accomplishment of the common goal.

- commitment and faith can be developed due to the application of leadership among employees.

- by implementing good governance, a rational decision can be made and implemented in the organization.

- governance focuses on participation, transparency, and accountability of rules and policies of the organization.

- leadership encourages the employees towards a common goal while governance makes the passage for achieving the same.