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5 Unique Perspectives On What Makes A Great Business Leader

5 Unique Perspectives On What Makes A Great Business Leader

There is a lot of competition in the corporate world nowadays, and the common thing that every successful firm possesses is a capable and talented leader. Therefore, those people who want their firm to become successful should learn how to become influential leaders in order to make their dream come true. An aspiring business leader should adapt these five qualities.

Keeping Up with Change

While neoliberalism has the advantage of making businesses more competitive and efficient, it has also resulted in intense competition for businesses. Globalization means that an entrepreneur’s competition is not just limited to their national rivals, but also producers across borders.

Moreover, the influx of technology and the rapidly growing number of consumers of the Internet means that trends are not static. They are always changing. Therefore, it is highly important for successful entrepreneurs to possess an amorphous, flexible nature and to keep in touch with changing styles and trends.

According to the famous Bill Gates, one should always be willing to experiment with change and new experiences, despite its potential risks, because at the end of the day, you need to be ahead of your rivals. As he said, “We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don’t let yourself be lulled into inaction.”

Thus, a successful business leader needs to be brave and welcoming towards changes and embrace it with open arms!

Having a Proper Target or Vision for the Future

At the end of the day, leadership boils down to one word-organization. A leader organizes people and their effort to achieve the target he wants to. But if the vision or target, which is supposed to act as a catalyst, does not exist how the leader is supposed to do that? Thus, having a clear vision and articulating that to your team is extremely important. Your vision will not only allow you to motivate and organize your employees, but it will also allow you to take important decisions and priorities in terms of your resources. As Bhagi Rath said, “A great leader possesses a clear vision, is courageous, and has integrity, honesty, humility and clear focus. He or she is a strategic planner and believes in teamwork”

Determination

One needs to have faith in themselves and in their ideas for success. The business world can be quite harsh at times, and there is plenty of cutthroat competition out there. This does not, however, mean that one should back down and lose hope in their ambitions. Rather, if there is something that the lives of people like Bill Gates and J.K Rowling have taught us, it is this; that one should never back down and loses hope. In fact, Bill Gates chose the risky option of dropping out of Harvard to achieve his dream. He watched businesses like Digital Equipment and Wang fail right in front of his eyes and he idolized these firms, however, he stayed firm to his decision and did not back out. This is the sort of determination and optimism that a successful business leader needs.

We live in a world where financial markets are highly volatile and geopolitical tensions between superpowers can generate some ups and downs for a business. Thus, possessing determination is highly important for a business leader to be successful.

Developing a Good Relationship with Your Employees

In order to organize effort into a meaningful output, you need to be making use of your employees successfully. Developing a good relationship with your employees will mean that you know their strengths and weaknesses well and allocate tasks accordingly, and that you can motivate them in the best way possible. Your relationship with them determines their confidence around you to perform well and thus, their productivity can be maximized.

Passion

The biggest motivator for any person is passion. If you are not passionate about the firm you are leading or the project you are undertaking, you cannot be successful at it. When people asked Steve Jobs for his top advice to business leaders he said, “I’d get a job as a busboy or something until I figured out what I was really passionate about.” This emphasizes that one cannot achieve perfection at something unless they are passionate about it. Thus, you should only invest in a field or project that you really care about or enjoy, otherwise finding motivation for it can be really hard. Thus, these five qualities are the most essential when it comes to becoming an influential leader and should be adopted by every ambitious corporate worker.


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by Mark Hoffman // Mark Hoffman is a passionate blogger who loves to write about prevailing trends. He is a featured author on multiple authoritative blogs.

Opinions expressed by contributors are their own.