Leadership

Leadership is the art of motivating a group of people to act toward achieving a common goal. In a business setting, this can mean directing workers and colleagues with a strategy to meet the company's needs.

Here's what you need to know about leadership, and some examples of how it can benefit businesses.

What Is Leadership ?

Leadership captures the essentials of being able and prepared to inspire others. Effective leadership is based upon ideas—both original and borrowed—that are effectively communicated to others in a way that engages them enough to act as the leader wants them to act.

A leader inspires others to act while simultaneously directing the way that they act. They must be personable enough for others to follow their orders, and they must have the critical thinking skills to know the best way to use the resources at an organization's disposal.

Alternate definition: Leadership may also refer to an organization's management structure.

How Does Leadership Work?

In business, leadership is linked to performance, and any leadership definition has to take that into account. Therefore, while leadership isn't intrinsically linked to profit, those who are viewed as effective leaders in corporate contexts are the ones who increase their company's bottom line
While there are people who seem to be naturally endowed with more leadership abilities than others, anyone can learn to become a leader by improving particular skills. History is full of people who, while having no previous leadership experience, have stepped to the fore in crises and persuaded others to follow their suggested course of action. They possessed traits and qualities that helped them to step into roles of leadership.





Leadership theory  :

Just as there are multiple definitions of leadership, many different leadership theories exist. These theories are often grouped into buckets based on the ideas each theory professes.

For example, one group is the Great Man Theory, a category that originated in the 19th century and stresses that great leaders were men born to the task. Another group is the Trait Theory, which dates to the mid-20th century and also centers on the idea that some people are born with the traits that make them great leaders, such as integrity and self-confidence.

The second half of the 20th century saw the arrival of several more categories. Those include situational leadership, where the leadership style is adjusted based on the readiness or skill level of followers in a given situation, and contingency theories, in which effective leadership depends on having the right leader for the right situation; transactional leadership theories, in which leaders reward or punish followers to achieve results; and transformational leadership theories, where leaders help transform followers through example.



Leadership styles :

Similarly, leadership experts believe there are different types of leadership styles and that some leaders have a dominant single style, while other leaders use different styles in different situations or with different followers.

Commonly identified leadership styles include affiliative, authoritative, coaching, coercive, charismatic, democratic, innovative, command and control (or bureaucratic), laissez-faire, pacesetter (or transactional), servant, situational and transformational.


The Importance of Great Leadership: Facts and Statistics:

  • A whopping 79% of employees will quit their jobs due to lack of appreciation from leaders.
  •   Only 18% of people believe their company has a transparent and open approach, while 37% are worried about their ability to create trust.
  • Only 10% of CEOs are natural leaders who guide staff by example. 
  • 63% of Millennials believe their leadership skills are not being fully developed.

  • In a Gallup 2018 survey, only 22% of teams believe that their leaders have any clear direction for their company.
  • Trust in leaders is the highest-ranked link to employee engagement at 77%. It’s even higher than traditional motivators like organizational culture (73%) or opportunities for career growth (66%).
  • 69% of Millennials believe there is a lack of leadership development in the workplace.
  • Only 15% of women have board of director roles in the workplace.
  • 80% of work accidents occur due to stress from a negative work culture. 
  • Many organizations have expressed dissatisfaction with their leadership preparations. 25% are confident that their company is effectively building digital leaders, but only 30% say that future leaders are trained to meet evolving challenges.
  • 58% of organizations top priority is closing leadership skill gaps.
  • 91% of Millennials will stay in their jobs for fewer than three years.
  • 83% of enterprises believe it’s important to develop leaders at all levels in a company.
  • Only 5% of companies have integrated leadership development in their corporations.


Great Leadership Is an Art :

As much as we all might wish there were, there isn't a playbook on being an incredible leader. That's why we see successful leaders with so many different styles. There are multiple ways to go about influencing others and sharing a vision, and there's no one right way.



Contact us for your personal Data Analysis 
Email : eminentind6@gmail.com
(Cost for data : ₹300) 
No hidden charges

Click on Email Sign :