In: Economics
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.