What Is a Good Definition for Leadership in Business?

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In business, leadership is the ability of the organization’s manager to make good decisions and encourage other organizational members to perform their duties properly. The characteristics of a good leader include self-confidence, ability to control people, dynamism and good communication skills. If properly applied, these skills lead to business success.

A manager with good leadership skills has the ability to set difficult goals and work toward achieving set goals despite the challenges he faces. He is also effective at making quick decisions and outdoing his competitors. He is a risk-taker and able to withstand failure as well. Effective leaders in business often take on top executive roles.