The impact of good leadership in any business

In the opinion of many, leaders are born, yet some others argue that leaders are not born but made. Whether born or made, what makes a good leader is the ability to lead the people right on the levels that fulfills the yearnings and aspirations of the followers and the led.

Good leaders steer the ship of state to success and impact positively on the progress and development of their nations and the lives of the people, just as a good business leadership grows the business to stardom, reverence and beyond competition.

Exceptional leadership qualities extend from communication ability (oratory), motivational ability to managerial capability. Leadership has to do with control and effective management of people whether in government or other spheres of life, including business.

Leadership

Leadership entails;

  1. establishing a clear vision,
  2. being able to share the vision with others to willingly go with you,
  3. being able to provide the information, knowledge and method to realize the vision,
  4. being able to co-ordinate and balance the good conflicting interests of all members and stakeholders.

A good leader steps out in times of crises and difficult situations think and act creatively to chart the way out and forward. Unlike management, leadership cannot be taught, although it may be learned and enhanced through coaching or mentoring.

Worldwide, Bill Gates stands out today as one of great leadership skills, who despite his early failures persevered and  with continued passion and innovation, drove Microsoft and the software industry not only to success but greater height.

A good leader not only embodies inspiration, he inspires his followers, his subordinates to performance, set and achieve a goals.

Ten Top Qualities of Good Leadership

  • Honesty.
  • Ability to Delegate.
  • Communication ability.
  • Sense of Humor.
  • Confidence.
  • Commitment.
  • Positive Attitude.
  • Creativity.
  • Intuition.
  • Ability to Inspire.

Nothing splendid has ever been achieved except by those who dared to believe that something inside them was superior to the circumstance around them; and they remain those with the credentials to assume positions of leadership.

The Six Leadership Styles

  1. The Pacesetting leader: A leader of this class pervades excellence, confidence and inspires self-direction. Simply put, this leadership style is better of a “Do as I do, now,” hence the pacesetting style is said to work best for a team that is already motivated and skilled under a leadership that is in a hurry for quick results. Though in use extensively, the style could overwhelm team members and squelch innovation.
  2. The Authoritative Leader: Leaders in this category mobilizes their team toward a common vision, focusing on end goals as they saddle the individual to be summmember with the means. If this style were to be summed up in one phrase, it would be termed: “Come with me.” The authoritative style works best when the team needs a new vision because circumstances have changed, or when explicit guidance is not required. Authoritative leaders inspire entrepreneurial spirit and vibrant enthusiasm for the mission. It is not recommended for a leader, who works with a team of experts that are more knowledgeable than him.
  3. The Affiliative Leader: He works to create an emotional bond that oozes a feeling of attachment and belonging to the organization. This leadership style could also be dubbed: “People come first.” It works best in times of stress when teammates need to heal from a trauma or to rebuild trust. Because of its over dependence on praise and nurturing, the style is not recommended to be applied exclusively as praise and nurturing have the tendency of fostering mediocre performance and disrupting focus and direction.
  4. The Coaching Leader: This leadership works to develop people for the future. If rephrased, it would better qualify as: “Try this.” The coaching style works best with leaders, who engage teammates to build lasting personal strengths for wholesome success. It is least effective when teammates are defiant and unwilling to change or learn, or with leaders, who lack proficiency.
  5. The Coercive Leader: Leaders here are forceful, work with authority and ask always for immediate compliance. In one phrase, it means, “Do what I tell you.” This leadership style is most effective in times of crisis, such as in companies, undergoing turnarounds or facing takeover attempts, or in times of emergencies, arising from such incidents as tornado or fire. This style also helps to put in check problem teammates when everything else has failed. The style should be avoided in almost every other case because it could alienate people and stifle flexibility and inventiveness.
  6. The Democratic Leader:  This leadership builds consensus through participation. In a single phrase, it means, “What do you think?” The democratic style is most effective when the leader needs the team to buy into his plan or programme or wants them to possess the ownership of a decision, plan, or goal, or when he is uncertain about a policy or plan and needs fresh ideas from qualified teammates. It is not a recommended style in emergency situations, when time is of the essence or when teammates are not informed enough to offer sufficient guidance or contribution.

Without good leadership of outstanding qualities and the application of the necessary leadership style in business as the occasion demands, even the most successful business is prone to failure. More than anything else, the role of leadership business cannot be quantified.

Credit: Godwin O. Ogene, a Financial Accountant at SS Afemikhe Consulting

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