What Is a Good Definition for Leadership in Business?
Last Updated Apr 10, 2020 2:47:58 AM ET
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.
More From Reference
What Is the Homestead Act of 1862?
How to Make an Emergency Preparedness Plan for Your Household
The (Failed) Assassination of Pope John Paul II and Its Odd Aftermath
What's Going on in Taiwan? How China-Taiwan Tensions Impact Global Relations
What Is a Coin Shortage, and Are We Facing One Right Now?
What Are the Strengths & Weaknesses of Psychoanalytic Theory?