Question

In: Economics

discuss the importance of leadership in a business

discuss the importance of leadership in a business

Solutions

Expert Solution

The importance of leadership in a business:

•Initiating the start- It is the leader who plans and decides on policies and initiates the work, from where it actually starts.

•Co-ordination- The primary motive of the leader should be co-ordination. Co-ordination between employee and leader, coordination between working efficiently and giving a break, etc. Co-ordination is the primary thing!

•Motivation- The leader encourages and motivates the employees by providing them incentives for their work, so that the subordinates can enjoy working too.

•Guidance- The leader makes sure that the subordinates work efficiently and effectively, by guiding them what to do and what not to.

•Confidence-building - The leader boosts confidence of the coordinates by explaining them their roles and the guidelines to follow for achieving goals.

•Morale-building - Boosting up the employees' morale, is also one of the works of the leader. So that the employees give their best to achieve goals efficiently.

•Building work environment- An efficient work environment is necessary for achieving the goals. The leader needs to maintain human relations rightly by keeping contact with the employees and hearing and solving their problems.


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