Wednesday, June 12, 2019

What does it take to become a successful leader in today's business Research Paper

What does it take to become a successful crowner in todays business world - Research Paper display caseAn essential requirement for the business leader of today is to clearly understand major societal and environmental forces that shape business. Central in creation of economic value is knowing where and how to respond to societal demands in terms of the daily running of business. This calls for s strong sense of vision and emotional intelligence.The core of leadership in business still remains leaders should be able to motivate employees, inspire and foster the spirit of teamwork among the people they lead so as to obtain common business goals. But the business environment has undergone tremendous changes in the past few decades presenting new management challenges to the business of today. They have to work in an environment with more challenges and expectations while leading teams in accomplishing the set business objectives. The implication of all these is that the new-made b usiness requires more than managers people who can lead by vision and create the working environment in which the common vision is shared by everyone one involved. With the evolving purpose of the business leadership role, modern leaders must approach their work with a different perspective, lead change across & beyond the boundaries of business and effectively work in collaborationism with relevant stakeholders in achieving the missions (Gitsham and Wackrill, 2012).A leader in the modern business world must keep up with developments in technology. Technological trends especially in business are evolving at the speed of lightning and this renders even a management tool that rocked the business world just in the past few historic period completely obsolete. Some leaders may face great challenges but keeping the pace would mean taking advantage of technological tools to the competitive avail of the firm. The leader should be capable of utilizing tools such as social media and at th e same time an environment in the firm where technology

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.