Leadership is an important function of the management which helps to enhance productivity and to achieve organizational goals. But great leaders need to be cultivated, mentored and developed – a task that doesn’t come easy when we’re living through a global crisis. Some perhaps in early childhood possess or develop the traits of effective leadership, but it takes more than that to actually become an effective leader. But great leaders have the ability to step back and frame their work around the company's vision. People need laws and rules to govern their actions. But with the financial and logistical challenges faced by businesses this year, it has certainly put a strain on leaders and cast a spotlight on those at the top. Bach of the United States Army addressed student officers during his farewell address at Fort Sheridan in 1919. Crucially, in doing so, they gain the respect and trust of their workforce, bringing them on their journey. Leadership is the ability of an individual or a group of individuals to influence and guide followers or other members of an organization. The well-known management author Peter Drucker emphasized this point when he said that Effective Management is perhaps the main resource of advanced countries and the most desirable resource of developing ones. And as research shows, a motivated workforce is more creative and contented, with lower levels of absenteeism and turnover too. Based on their latest, report, here’s some key findings for 2020 and beyond, on the, An effective leader could be considered a senior figure that delivers a company vision with success. If the company stock takes a hit or if an important investor falls through, great leaders will be transparent and honest with their employees to allay any fears. A trend we’re seeing more of is remote and. By continuing to browse the site you are agreeing to our cookie policy. Whether you follow the Golden Rule or follow your own moral code, your perceived ethics and morality play a big role in your company's success. Importance of Effective Leadership Date: May 1, 2017 Author: journalism242blog 0 Comments Major C.A. Strong leadership can turn a high-turnover employee pool into a committed, engaged workforce; it can spur innovation and creativity where others are stumped by challenges; and it can empower individuals to take ownership and pride in their work instead of passing the buck. If the company leaders emphasize the importance of sexual harassment training, employees will take heed and be more cautious and respectful in their own behavior. Even when leaders motivate and empower their employees, they still have one more important responsibility: being a champion for the company's vision. However, it remains a challenge when the majority of budgets (72 per cent) have been culled. This means that every time you visit this website you will need to enable or disable cookies again. The result is a more proactive workforce, where everyone is engaged in driving company success. shows, a motivated workforce is more creative and contented, with lower levels of absenteeism and turnover too. As these factors change, the qualities of leadership change too. As a leader, you have likely spent time thinking about the strengths that would make you, or leaders on your team, more effective. If a company has to downsize, for example, a great leader will rally the remaining employees and keep their spirits up and their focus pointing to the future. Upskilling leaders is a complex and delicate balance, centred around: But there is an answer. This style of leadership inevitably stifles employees because they don't feel empowered to be their best. This has been widely acknowledged, with 42 per cent of employees agreeing that strong leadership and direction must be a priority right now. They value integrity and transparency, and use clear communication to share their vision. We've all seen those companies where leaders just can't let go: the company founder needs to be in every meeting and have a say in every project; the engineering team manager wants to tell her engineers how to do their work; or the COO feels he must be involved in every decision, no matter how small. The importance of leadership in society should not be underestimated. But first, it’s important to understand what makes an effective leader in the first place. Some things however haven’t changed. And where does the company see itself in 10 years? I think the implications of this are quite serious. The importance of leadership can be under­stood from the following points: 1. In fact, one study found that leaders who prioritized morality were linked to higher performing organizations with less employee turnover. This is essential for motivating teams and ensuring they remain focused, driven and productive. 8 Must-Have Qualities of an Effective Leader As well as providing direction, inspiration, and guidance, good leaders exhibit courage, passion, confidence, commitment, and ambition. The most important traits of a successful leader are actions, accepting mistakes, and honesty. But first, it’s important to understand what makes an effective leader in the first place. How to Conduct a Training Needs Assessment. A strong leader communicates effectively and often communicates. Leadership: The act of establishing direction, purpose and the necessary capabilities among a group of people. Perhaps more than ever, the importance of effective leadership is obvious during this COVID-19 crisis. 2020 has been a year unlike any other. tend to be more affordable and accessible in the current climate. successful and effective leadership, leadership styles and behaviour for effective management of change. Effective leaders take a personal interest ... he may never use memorable devices to dramatize the purposes of his group or to focus attention on his leadership. However, research from Go1 suggests that especially in these challenging times, we must continue to invest in our workforce, particularly those at the top, if they are to help navigate us through the uncertain waters ahead. They value integrity and transparency, and use clear communication to share their vision. In fact, studies show that empowered employees have greater job satisfaction, better organizational commitment, and improved task performance. All of these actions by great leaders can have direct consequences on a company's bottom line and overall success. In an enterprise setting, leadership acts as the catalyst that makes all other business aspects work in tandem. The management staff plays key roles in influencing the running of the organization as well as taking part in administration roles such as planning, leading, organizing, staffing, controlling and communicating. Leadership is the ability of an individual or group of individuals to lead, guide, or influence other groups of people or an organization. Not just because of limited budgets and logistics, but the challenge of no ‘one-size-fits-all’ solution. Leadership may be regarded as an important part of the managing process. For example, what does the company strive for? This section Effective Communication Skills teaches you the importance of communication in leadership and has articles on improving your communication skills.. Communication is one of the most key qualities of a strong team and a strong leader. Some leaders create a mission statement to capture these goals. But there is an answer. They play it safe rather than innovate, and they do the bare minimum rather than doing what's best for the company. These leaders are also more likely to have employees who take on greater accountability: they delegate authority to their employees, ask them for their input, and encourage them to make their own decisions. From governments through to start-ups, the onus lies on effective leaders not just in 2020, but in the turbulent months ahead. Effective leadership accomplishes common goals but also helps people to connect with their immense potentials and enable them to accomplish purposeful things collectively that give the individual contributors sense of personal accomplishment and fulfillment. It is not the hope or intentions that reveal your character; it is your actions that speak. Here are some more reasons explaining why leadership is important for every business: Helps in Influencing the Behaviour of People Top Importance of Effective Management. The success of an enterprise depends to a great extent upon effective leadership. This is especially true when the company management starts to dwell on things like profit margin, expansion, or market placement. Values are important as they consist of those qualities that allow a person to make the right decision in any situation.6Skills are the knowledge and abilities gained to perform the required duties to complete a task. When the majority of budgets ( 72 per cent of employees agreeing strong. Means that every time you visit this website uses cookies to make achievable... As best as they can, and they do the bare minimum rather than doing 's... To develop innovative and effective leadership, where everyone is engaged in driving company success empowered to be trusted their... 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