The Important Keys To Effective Leadership Commerce Essay Example

that will assist them transport out their professional duties. Ensure that undertakings are understood, supervised, and accomplished - Communication is the key to this duty.

Train as a squad - Many leaders may refer to their organization as a squad, but in reality, they are just a group of individuals doing their jobs. To fully harness the capabilities of your organization, section, subdivision, etc., foster a team spirit and train as a cohesive unit.

Leadership Features

1. Interpersonal skills: Trusted and respected leaders utilize these skills to guide the organization towards its goals. They excel at navigating difficult relationships, maintaining peace within departments, and providing constructive feedback.
2. Communication skills: Effective leaders possess strong communication skills as both speakers and listeners. Through their words, they motivate and commit the workforce, while actively listening to their followers for a clear understanding.
3. Values: Recognizing the value of a diverse workforce, leaders treat their followers with respect without discrimination. They operate ethically, setting an example for others and embracing various perspectives that bring a broader view to the organization.
4. Organizational Consciousness: Leadership features extend beyond personal traits to include organizational awareness. Leaders understand the organization's goals and establish networks within it to help teams complete tasks. They also break down barriers in order to advance.

Leaders demonstrate confidence, as they should, and willingly accept accountability for both positively received and unpopular decisions.

They must possess the capability to learn from criticism, and are often highly aware of their own flaws. Confident leaders have the ability to maintain a calm attitude even during emergencies, and this can be influential when necessary.

the demands of the current work environment. They must be able to collaborate with others to achieve organizational goals, and change focus as needed.

Creative leaders possess the ability to simplify complicated information into easily comprehensible solutions for all individuals.

• Another crucial quality of effective leaders is their capacity to achieve desired outcomes. Leaders not only serve as role models, but they also play a significant role in attaining organizational objectives. Through their leadership skills, they ensure exceptional performance within their organizations and can motivate their workforce even during difficult situations.

Business Leaders

Mukesh Ambani

Accomplishment: Mukesh Ambani serves as the Chairman and Managing Director of Reliance Industries Limited, India's largest private sector company. He was honored with the title ET Business Leader of the Year in 2006 and ranked 42nd among the World's Most Respected Business Leaders. Additionally, he was featured as one of four Indian CEOs in a study conducted by PricewaterhouseCoopers published in Financial Times, London, November 2004. Mukesh Ambani represents the face of India's emerging new era and was born on April 19, 1957 in Mumbai.

Mukesh Ambani, the son of businessman Dhirubhai Ambani, initially started as a small entrepreneur but later became an iconic figure in the Indian industry. He obtained a Bachelor's degree in Chemical Engineering from the University of Bombay and pursued his Master's in Business Administration at Stanford University in the USA. In 1981, he joined Reliance and played a vital role in expanding the company's product range to incorporate polyester

fibers and petrochemicals alongside fabrics. Throughout this period, he supervised the establishment of 51 new manufacturing facilities utilizing various technologies, resulting in a significant increase in Reliance's production capacities.

Mukesh Ambani, the architect of Jamnagar's impressive grassroots crude oil refinery and leader of Dhirubhai's visionary project Reliance Infocomm, is now strategically focusing on establishing widespread retail stores across the country. However, following the division of the Reliance Empire, his brother Anil Ambani took over control of Reliance Infocomm.

Mukesh Ambani recently made a significant investment in an agreement with the Haryana Government to establish a Special Economic Zone (SEZ). In addition to this achievement, he has received several honors and accolades. In 2006, he was named the ET Business leader of the Year. He also ranked 42nd among the World's Most Respected Business Leaders and second among four Indian CEOs in a study conducted by PricewaterhouseCoopers and published in Financial Times, London in November 2004. Furthermore, Total Telecom recognized him as the Most Influential Person in Telecommunications and awarded him the World Communication Award in October of that same year.

Mukesh Ambani was honored with the Asia Society Leadership Award by the Asia Society in Washington D.C., USA.

Lakshmi Niwas Mittal

Lakshmi Narayan Mittal, also known as Lakshmi Niwas Mittal, is a wealthy industrialist. He was born in Sadulpur, Churu territory of Rajasthan, India in 1950. Growing up with a large family of 20 people in humble living conditions - sleeping on rope beds with bare concrete floors and cooking on an open fire in a brickfield house built by his grandfather. Laxmi Mittal belongs to the Marwari Aggarwal caste and his grandfather worked for Tarachand Ghanshyam Das house, one

of the prominent Marwari industrial houses during pre-independence India.

The Chairman and CEO of Mittal Steel Company, Lakshmi Mittal, is a London-based steel baron and the world's 3rd richest man. He obtained a Bachelor of Commerce degree from St. Xavier's College in Calcutta and is married to Usha Mittal. They have a son and daughter.

With over 30 years of experience in the steel and related industries, Mittal began his career in his family's steelmaking business in India. In 1976, he founded Mittal Steel (formerly known as the LNM Group) and has been instrumental in its continuous growth. Currently operating in 14 countries across 4 continents, Mittal Steel is the only global steel manufacturer. He revolutionized the industry by introducing integrated mini-mills and utilizing Direct Reduced Iron ("DRI") as an alternative to traditional steelmaking. Furthermore, he played a crucial role in consolidating the worldwide steel industry.

In 2004, Mittal Steel, being the largest steel producer globally, shipped 42.1 million tons of steel and achieved profits exceeding $22 billion. For his accomplishments, Mittal has received numerous accolades including Fortune magazine's "European Businessman of the Year" award in 2004, New Steel's "Steelmaker of the Year" title in 1996, and the esteemed "Willy Korf Steel Vision Award" in 1998. The latter recognition commends his exceptional vision entrepreneurship leadership skills and success advancing global steel development as acknowledged by American Metal Market PaineWeber's World Steel Dynamics.

In 2002, Mittal was embroiled in a political scandal with British Prime Minister Tony Blair due to his contribution to the Labour party. This resulted in Blair interfering in a business transaction concerning Mittal's company. In response, Mittal donated A?2 million to the party. Alongside his entrepreneurial

pursuits, Mittal is actively involved in philanthropy and holds positions on various trusts and councils.

These include the Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the World Economic Forum's International Business Council, and the International Iron and Steel Institute's Executive Committee. He also serves as Director of ICICI Bank Limited and is a member of the Advisory Board at Kellogg School of Management in the U.S.

By March 2005, Forbes Magazine ranked him as the world's third wealthiest individual and the richest non-American with an estimated wealth of US $25 billion.

Poor Communication by Senior Management

Effective communication is vital for building strong business relationships, both with clients and among employees. Regardless of the workplace's size or industry, there is always room to improve communication. It serves as a crucial element in efficiently sharing information within the organization and empowering individuals to achieve their goals.

One common issue in today's workplace is the insufficient information available to complete necessary tasks. Despite living in a society overwhelmed with information, employees often lack the specific information required for their job. While they can access external sources of information, they frequently lack the knowledge possessed by their supervisors and colleagues who have not effectively shared it. This breakdown in communication occurs because individuals holding this information are still processing it themselves and are unaware that others also require it. A workplace can experience poor communication through various means, and recognizing these barriers is crucial to identifying and resolving them within your own business. Ideally, effective communication should be clear, delivered at an appropriate pace, employ suitable vocabulary, and be engaging.

To keep the listener engaged and understand the message,

it is crucial for speakers to effectively communicate. Unfortunately, this is not always achieved. Often, people speak too fast or slow, hindering our ability to comprehend. They may also be overly loud or softly spoken, employ unfamiliar terms or simplistic language that lacks depth and essential details required for effective communication.

In the workplace, it can be difficult to overcome poor communication. Many people use a high-pitched or sing-song voice to divert attention, causing important information to be missed. However, it is crucial to address this issue and make sure employees communicate effectively.

Office Politics

Office politics refers to using individual or assigned power within an organization to gain advantages that go beyond legitimate authority. These advantages can include access to tangible assets or intangible benefits like status or pseudo-authority, which influence others' behavior.

Both individuals and groups can engage in Office Politics. Office Politics is defined as the way power is exercised on a practical, daily basis. It differs from office gossip in that people participating in Office Politics do so with the purpose of gaining an advantage, while gossip may be purely social. However, both activities are closely intertwined. Individuals often use office gossip as a means to position themselves in a way that allows them to control the flow of information and therefore gain a maximum advantage. Office Politics also encompasses the behavior and interactions among colleagues.

Office politics encompasses both positive and negative actions, as it entails using indirect methods to achieve objectives. This behavior can occur in any relationship, particularly within the workplace. In situations where resources are limited, individuals may prioritize their own goals over those of their colleagues.

For instance, if there are six

candidates competing for a single promotion, they would ideally anticipate the selection process to be solely merit-based. However, if one of the applicants perceives that this approach would put them at a disadvantage, they might employ alternative tactics or exert influence to secure a favorable position.

When individuals being manipulated start communicating honestly with each other or when additional information surfaces, such as economic consequences, the manipulator will maintain a prepared account but will already be pursuing their own agenda. They prefer to remain in control rather than face exposure of their actions. The objective of office politics or workplace manipulation is not always to achieve a higher salary or promotion. Often, the goal is simply to gain more power or control for personal reasons, or to undermine a competitor. The manipulator often achieves professional or personal objectives by involving as many colleagues as possible in their plans, solidifying their own position by ensuring they are the last one to be blamed for any mistakes. They align themselves with everyone and switch sides as needed to suit their own hidden agenda.

Office politics is a significant concern as individuals who manipulate their working relationships consume time and resources for their own benefit at the expense of the team or company. Additionally, office politics can have a more profound impact on crucial business processes such as strategy formation, budget setting, performance management, and leadership. This disruption arises from the interference caused by individuals involved in office politics on the flow of information within the company. The information may be distorted, redirected, or deliberately suppressed to manipulate a situation for personal gain in the short term.

Lack

of team collaboration

Many situations assume that work and fun cannot coexist. Most executives have never been in a workplace where teamwork was the norm. People are afraid to step out of their comfort zone and work in a collaborative environment; building teamwork is difficult. There are two major reasons for this fear:

• People often prioritize job security over happiness in their workplace. They are willing to sacrifice happiness and mental well-being in exchange for the guarantee of having a job tomorrow. Security seems to oppose joy and teamwork.
• People dislike change, and teamwork brings significant change. This is because a stable and unchanging workplace represents security.
• Implementing teamwork in the workplace can bring joy to the organization or team that embraces it and establishes a system that incorporates it.
• Teamwork is fundamental to human nature.

Teamwork is discussed in business courses, preached in church, and expected in sports teams...

Why is there such a rare occurrence in our working life? Why is there such a major gap between our work and our place - between our calling and our happiness? Many organizations operate in a way that contradicts human nature. Although we are all individuals, we have certain important qualities in common. However, in business, the conflict typically arises when our core values clash with the organization's financial outcome. In this type of organization, it is usually the individual who is sacrificed to safeguard the bottom line.

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How to Safeguard the Financial Situation and the Individual?_x000D_

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Through establishing a team that functions effectively and follows established principles that protect both the organization and its employees. This team carries out their tasks with imagination, purpose, and significance._x000D_

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The Importance of Using Politically Correct Language_x000D_

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Language was not deliberately designed - it naturally developed as a means for communication. Language is constantly changing as new words are created to represent new ideas and technologies._x000D_

Some of the modern forms of communication can be compared to cosmetics, as they hide and confuse. As someone who has been on Earth long enough to witness this, let's take a closer look. In the 1940s, there were places called dosshouses where dishonest and idle individuals gathered. The removal of these dosshouses is credited to urban reclamation efforts, but what happened to the dishonest and idle individuals? It may seem like they have vanished because they are no longer mentioned. However, they still exist among us, and we refer to them as homeless people.

In terms of language, rotten individuals are classified in the same category as those who are homeless due to fires, floods, hurricanes, and earthquakes. This means there is a moral equivalence between those affected by floods and rotten individuals. After all, who can morally judge someone who has lost their home? The new millennium brings about other individuals who experience loss. What happened to mentally ill people, people with speech impediments, physically disabled individuals, those who are deaf and mute, and slow learners? Today, we refer to them as being challenged or disabled in one way or another, and sometimes even surpassing expectations.

Nosy colleagues

Maintaining privacy can be challenging in the workplace.

Having nosy

colleagues who enjoy prying into your affairs and spreading information through gossip and innuendos can be difficult to avoid. In fact, the more you try to avoid a nosy co-worker, the more they may assume you have something to hide. However, you can try the following tips to address this issue directly: