Leadership. Donald Trump Essay Example
Leadership. Donald Trump Essay Example

Leadership. Donald Trump Essay Example

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  • Pages: 14 (3625 words)
  • Published: June 4, 2017
  • Type: Autobiography
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“A leader leads by example, whether he intends to or not. ” Introduction: Donald John Trump was born on June 14, 1946, in Queens, New York, the fourth of five children of Frederick C. and Mary Macleod Trump. Frederick Trump was a builder and real estate developer who came to specialize in constructing and operating middle income apartments in the Queens, Staten Island, and Brooklyn. Donald Trump was an energetic, assertive child, and his parents sent him to the New York Military Academy at age 13, hoping the discipline of the school would channel his energy in a positive manner.

Trump did well at the academy, both socially and academically, rising to be a star athlete and student leader by the time he graduated in 1964. He entered Fordham University and then transferred to the Wharton School of Finance at the University of


Pennsylvania from which he graduated in 1968 with a degree in economics. Trump seems to have been strongly influenced by his father in his decision to make a career in real estate development, but the younger man's personal goals were much grander than those of his senior.

As a student, Trump worked with his father during the summer and then joined his father's company, the Trump Organization, after graduation from college. Trump was the third generation of a business family. While working with his father, Donald Trump extremely successful in making profitable deals. His father commented on his son's business success by stating that "everything he seems to touch turns to gold". The young Trump assisted his father, Fred Trump, in ventures to build affordable housing.

His father was a successful property developer that helpe

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forms Trump's business sense. Trump acknowledged his father's influence by stating that "My father was my mentor, and I learned a tremendous amount about every aspect of the construction industry from him. " Donald Trump’s Business Donald John Trump is the Chairman and CEO of the Trump Organization, a US-based real-estate developer. Trump is also the founder of Trump Entertainment Resorts, which operates numerous casinos and hotels across the world.

Trump's extravagant lifestyle and outspoken manner have made him a celebrity for years, a status amplified by the success of his NBC reality show, The Apprentice (where he serves as host and executive producer). After gaining the necessary business skills in real estate from his father, Trump moved into the Manhattan real estate scene and charmed his way past the members' committee of an exclusive club - on the condition that he kept his hands off the wives of other members.

With these New York contacts, he became the access to power and money, and Trump made the rich and famous his niche market. He understood their psychology well and, while other developers fought to cut corners and lower prices, Trump raised his. He became one of the most powerful landlords of the 1980s and went on to acquire some of the most exclusive properties in the city. Trump Casino, Trump International Hotel, Trump Marina Hotel and Casino, Trump Taj Mahal Casino Resort and Trump Tower are among his prestigious portfolio of real estate properties.

He has also had a hand in the construction of the Jacob Javits Convention Center; high profile restoration projects including the Plaza Hotel and Grand Central Terminal; and in one particular public relations

coup reopened a dilapidated ice skating rink in Central Park months shorter and millions lower than city budget estimates. Trump's name is almost synonymous with the city in which he was born where he brands his properties with the Trump name displayed prominently. They all have the Trump name in their titles and often have large "T" symbols placed all over the important areas of the building.

Through his properties and business dealings he has developed a celebrity personality and often appears in gossip columns, television programs and magazines. Bankruptcy and Comeback Despite his knack for making deals and recognizing a good investment when he saw one, Trump's billion-dollar empire crumbled in 1990, when he was forced into bankruptcy for over $2 billion bank loans that he couldn't pay. Although he handed over most of his holdings to the creditor banks, he remarkably managed to bounce back by the end of the 1990s.

He shared his story in the book, The Art of the Comeback, and has done more work in the publishing world as he has co-authored several books about none other than himself, including Trump: The Art of the Deal, and Trump: The Art of the Comeback as well as Trump: The Art of Survival, among others. His most recent book, How To Get Rich: Big Deals from the Star of The Apprentice also made the bestseller lists. Donald Trump has also been caught in the 2008 financial crisis as sales for his Trump International Hotel and Tower in Chicago have been lagging and he failed to pay a $40m loan to Deutsche Bank in December.

Arguing that the crisis is an Act of God, he

evoked a clause in the contract to not pay the loan and initiated a countersuit asserting his image has been damaged. Deutsche Bank has in turn noted in court that 'Trump is no stranger to overdue debt' and that he has twice previously filed for bankruptcy with respect to his casino operations. “I don’t think it’s a failure, it’s a success,” Donald Trump said in the interview. “In this case, it was just something that worked better than other alternatives. It’s really just a technical thing, but it came together. “We have one of the most powerful gaming companies the day it comes out (of bankruptcy). There’s no way we could have done that without the ’B’ word,” he said. “The future looks very good. ” Donald Trump is the owner of many important and beautiful buildings. He has been renown for many of his real estate buildings. Among them is the world-renowned Fifth Avenue skyscraper, Trump Tower. Luxury residential buildings include Trump World Tower at the United Nations Plaza, Trump Park Avenue at 59th Street and Park Avenue, Trump Place on the Hudson River, and Trump Palace.

In 1997, Trump International Hotel & Tower opened its doors to the world, a 52-story super luxury hotel and residential building designed by the famed architect Philip Johnson. The property is one of only three in the country to have received a double Mobil Five-Star rating for both the hotel and its restaurant, Jean-Georges. In 2008, the 92-story Trump International Hotel & Tower Chicago opened and was touted by Conde Nast Traveler as the “hottest new hotel in North America. ” The Trump Hotel Collection has projects going

up around the world and met with tremendous success.

Mr. Trump is also known as a world-class golf course developer, with award-winning courses in New York, New Jersey, Los Angeles (Trump National Golf Clubs), Palm Beach (Trump International Golf Club), Canouan Island in the Grenadines and one in development in Aberdeen, Scotland (Trump International Golf Links) as well as Puerto Rico and the Dominican Republic. Mr. Trump is an avid golfer and his passion is evident in the spectacular courses he has developed and continues to develop worldwide. His latest acquisition in New Jersey is Trump National Golf Club/Colts Neck.

As an accomplished and bestselling author, Mr. Trump has had numerous best sellers including The Art of the Deal, which is considered a business classic, The Art of the Comeback, The America We Deserve, How To Get Rich, Think Like a Billionaire, Trump 101, Why We Want You To Be Rich, Think Big, and Never Give Up. In a departure from his real estate acquisitions, Mr. Trump and the NBC Television Network is partners in the ownership and broadcast rights for the Miss Universe, Miss USA and Miss Teen USA Pageants. In January of 2004, Mr.

Trump joined forces with Mark Burnett Productions and NBC to produce and star in the television reality show, The Apprentice. The show quickly became #1 on television and is currently in its eighth season. Mr. Trump’s production company, Trump Productions, is based in Los Angeles. Mr. Trump also had a successful radio program on Clear Channel for several years. The Leadership Style of Donald Trump Donald Trump is known for his eccentricity and unconventional businesses practices. He exhibits an unconventional leadership style,

which is characterized by many characteristics.

One of those is the need for power. This is exhibited by every piece of real estate Mr. Trump owns. Every casino, building or golf course has his name on it. He is eccentric, powerful, but yet he makes very smart business decisions. He is also a risk taker. All these business skills have made him a very well recognized business leader, and one of the nation’s most known billionaires. Donald Trump has appeared in many magazines, have written a couple of books and even gotten his own show on NBC called “The Apprentice”. There are certain characteristics common in all leaders.

Some of those are values, skills and cognitive abilities. Mr. Trump exhibits all of these traits Perhaps he has something extra that has propelled him above everybody else. Everything that he touches seems to turn to gold. Donald Trump’s leadership styles have made him rich, powerful, famous and known throughout the world. Donald Trump is an autocratic leader. Although he very much values the input of a select few from his team, he is still considered to be a little rough and "bossy" in his approach. Autocratic leaders work very well in emergency situations or when a stressful situation arises.

Leadership Qualities and personality characteristics of Donald Trump: Trump is a self confident and extravagant businessman that has made himself instantly recognizable wherever he goes. His interests include real estate, entertainment, gaming, and sports. Never afraid of Failure: Donald trump is never afraid to face failure. Failure is the path to success. Success takes time and it requires failure, through the process of failing you will learn how to succeed.

One should not be afraid of failure. Donald trump says that “Sometimes by losing a battle you find a new way to win the war. Passion for work: Donald Trump says “Without passion you don’t have energy; without energy you have nothing. ” The main ingredient for success is drive and energy. Nothing great can ever be accomplished without passion for work. One should always follow one’s passion, and then one will always have the energy to accomplish your dreams. Openness to Experience: According to Donald Trump, “Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you're generally better off sticking with what you know.

And the third is that sometimes your best investments are the ones you don't make. ” One needs experience; there are things that experience teaches a person that one can’t learn in any other way. Donald trump purchases many properties etc which is a quite risky business, but he is always ready to experience. Self Confidence: Donald Trump is self confident and so he projects that self confidence to his group or subordinates. He has acquired many properties with self assurance that he could lead all in best way. He is one of the richest person and owner of billions of dollars. The Guinness Book of Records lists him as having the biggest financial turnaround in history". In the early 1990s, I owed billions of dollars and many people thought I was finished," says Trump. "I refused to give in to the negative circumstances and I never lost faith in myself. I didn't believe I

was finished even when the newspapers were saying so. I refused to give up. " Enthusiasm: A good leader should be enthusiastic. Enthusiasm helps to create good behavior relationship with team members and motivates them which result in organizational benefit.

Donald has an enthusiastic behavior with his work which has lead him to success. He says “I knew that things were cyclical and also I'm a firm believer that you should look at the solution, not the problem. I focused on the solution and refused to give up. Being tenacious is part of my personality and I'm not easily discouraged. It's necessary to be tough in the business I'm in, or in any business for that matter, and in certain situations you either have to be equal to the challenge or be defeated. Defeat is not in my vocabulary personally or professionally, which I think served me well in my comeback. CHARISMATIC AND TRANSFORMATIONAL CHARACTERISTICS: Donald trump possesses characteristics of both charismatic and transformational. He has a very powerful, influential and energetic personality which has made him a great leader. CHARISMATIC LEADERSHIP: He has in born qualities of influencing his work people. Besides it, he has good communication skill. He has achieved famous, success and glory because of his hard work. Apart from some of the critics he faced, he is a good person. His famous words are “ you are fired”. He is innovative, powerful and credible.

He has successfully made his good image in the minds of the people and therefore today, people all over the world accept him as a great leader. He possesses both referent power and expert power. Donald Trump us a

master of his subject and his knowledge i. e. in property has made him expert in his field classifying him having the expert power. Donald Trump has referent power and influencing personality which has resulted in retaining employees at Trump Organization. The following are charismatic characteristics of Bill Gates: Communication Skill: He has a good communication skill.

He talks with employees and discusses issues with them. He also communicates with different property dealers to gain more information regarding property. He is an extrovert and loves to talk to people around him. This also helps him to think and discuss his new opinions and ideas. Optimistic: He has always seeks for positive response. Although he has faced many difficulties in the path of achieving success but he faced them bravely. What worked for someone else will not necessarily work for you on your path to success. Challenges that others did not have, you may have.

Donald Trump says “What separates the winners from the losers is how a person reacts to each new twist of fate. ” At another place, he also said “My father was friends with Dr. Norman Vincent Peale, and I had read his famous book, The Power of Positive Thinking. I'm a cautious optimist but also a firm believer in the power of being positive. I think that helped. I refused to be sucked into negative thinking on any level, even when the indications weren't great. That was a good lesson because I emerged on a very victorious level. It's a good way to go. ” Energetic:

He is energetic and has passion to achieve success. He is a continuous learner and is always in

a way to discover something new or innovate. He remains engaged all the time to get new information. He is mostly famous because of his famous TV show i. e. “The Apprentice”. As the pre-eminent developer of quality real estate, his acumen is unrivaled, and the diversity of his interests has set a new paradigm in the world of business. His commitment to excellence is legendary, and his work as a philanthropist is an integral part of his ethos. He is the exemplary businessman, and an icon of New York. Risk bearer:

He has faced many risks in pursuing his career and in development of his business corporation. Donald J. Trump’s casino empire has filed for bankruptcy protection after months of negotiations with bondholders over restructuring a crushing debt. Trump Hotels & Casino Resorts Inc. and numerous related operations filed for protection from its creditors under Chapter 11 of the bankruptcy code on Sunday in U. S. Bankruptcy Court in Camden, N. J. The Trump casino business consists mainly of three Atlantic City properties and a riverboat casino in Indiana and is only a small part of Trump’s overall real estate empire.

He is optimistic and took this bankruptcy as a setback. Visionary: He has many creative ideas in his mind for acquiring new properties and developing Golf clubs that are different and a fun place for golf lovers. He has a far vision that has made him a successful entrepreneur. Donald Trump says,” I have made the tough decisions, always with an eye toward the bottom line. Perhaps it's time America was run like a business”. In one of his quotes he says, “I try to

learn from the past, but I plan for the future by focusing exclusively on the present. That's were the fun is”.

He also believes that Everything in life is luck. TRANSFORMATIONAL LEADERSHIP: Donald Trump is a successful entrepreneur and as well a successful corporate leader. He has passion for achievement. His has achieved a lot of success in his business. He has a good relationship with his group and team members. He coordinates with them regularly. He had faced difficulties initially but now he has moved to high ground. The following are some of his transformational characteristics. Supportive Leadership: Donald Trump is gifted with great convincing skills and communication skills.

He shares his experience with others which help others to grow. He has shared business secrets with the people so openly, it will help other people to acquire new properties. Innovative Thinker: He is an innovative thinker which has made him a successful entrepreneur. He is and intelligent man having multi tasking skills and abilities. He is the richest man, having property of billions of dollars. Lead by Example: There are always some people who try to pull down a person. But standing against all critics proves that one has ability to deal with all kinds of circumstances.

Donald Trump is an exemplary leader of 21st century. He has set example for other business corporate and for an ordinary man. Donald Trump at his organization: From all aspects, Trump seems to run a successful organization. The success of his companies has as much to do with the character of its leadership as its strategy. This character, referred to as its culture, is much more powerful than its strategy.

It defines who the company is. When Donald Trump uses phrases to describe other people including "fat", "slob", and "ugly", it makes a strong statement to the employees of the company.

The employees who don't feel comfortable in this culture will find a way to separate themselves from this talk, often leaving the company. They will be replaced by others who "fit in" with this kind of leadership attitude. This leads to the second leadership statement, which is made indirectly to the employees, especially employees who sense that they fit into the categories being described unflatteringly by the leaders. The employees at Trump Organization watch every move, every comment, very closely, especially those with desire for upward mobility. They want to impress this Donald Trump be "like him".

Others within the organization want to be liked by their leaders. Learning from Donald Trump’s Leadership Personality There are lots of things we can learn from Donald Trump. Most of his achievements and misfortunes were seen by public at large. But it seems like he always jumps back on to his feet, no matter what brings him down. And so, there are lessons that we can learn from Mr. Trump's rises and falls. The first one is that one shouldn't get too comfortable when he/she get to the top. At the time when Donald Trump reached the top he didn't worry about anything because he had it all.

And it's evident he never thought about losing everything and that his empire could possibly fall, as it did. You have to continue working hard and have a plan "b" if something goes really wrong. After that, Donald Trump employed all of

his facilities to get to top back again. The first time his empire collapsed, he used his business contacts and knowledge, and created The Apprentice show. It helped him to get back in focus of attention. If Mr. Trump didn't have enough courage to get up on his feet and try to climb back, that show even might not have started.

The words, "You are fired", could not get the reaction they do today. When a person is down he or she should use any skills and contacts that would help to stand up on his or her feet. And in the end, one should never let obstacles to impose how high you can climb. If your life throws you a curve ball, use the bat to hit a home run. There's no such great difficulty that a person couldn't overcome. Encircle oneself with the right people and one will possess the countenance he or she needs to climb up again in case he or she falls. Conclusion: Donald J. Trump is the very definition of the American success story.

He says, “ I'm the No. 1 developer in New York, I'm the biggest in Atlantic City, and maybe we'll keep it that way” . He has continually set new standards of excellence while expanding his interests nationally and internationally. Mr. Trump is personally involved in everything that his name represents. This commitment has made him the pre-eminent developer of quality real estate known around the world, and in all his endeavors the Trump gold standard is apparent. He is the conventional and exemplary businessman, a deal maker without peer and an enthusiastic philanthropist.

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