Required Qualities Of An Effective Business Leader Essay

IntroductionAn impressive attractor is a attracter that employees ar get outing to follow and respond positively to. Terry Leahy, who is the chief administrator of Tesco, defined a good draw as someone who takes you nevertheless than you would go on your own. Also, a good and useful draw allow often sacrifice a sunrise(prenominal) vision if the situation needfully to be changed and everyone pull up stakes follow him. Surveys and studies cause shown that impressive leaders roughly the globe sh be the same few traits and same goes for the ineffective ones. So, what ar the qualities required in order to reverse effective transmission line leaders?Characteristics of an effective leaderFirst of all, an effective leader will have undoubted self-confidence in himself. It is the funda custodytal basis from which leadership grows. A leader without self-confidence is just like a house without foundation of sand. An effective leader will non be afraid to mould every d ecisions. If you, as a business leader, intend to build your self-confidence, you should learn to spicy with failures. When you have made a mistake, you should learn from it and move on, so that if comes a day when you are met with the similar obstacle, you can face it head-on because you already have experience on how to deal with it.Furthermore, the ability to think external the box and creativity is in addition required by an effective leader. Steve arguments and flier Gates are good examples of the great leaders of our clock time. Both these men lead their group with extraordinary leadership qualities, plus out-of-the-box creative minds. leadership should stimulate creativity for cardinal very important reasons, to prevent obsolescence and maturation productivity. An effective leader will alship canal come up with new ideas so that the business wont be obsolete and the changes whitethorn pay off the work of steep quality, lower cost and faster completion.EQTruly eff ective leaders are besides distinguished by a high degree of hornyintelligence, which includes self- sentience, self attention, neighborly awareness and social skills. It was Daniel Gole piece who first applied the concept to business. These qualities may sound dim and unbusiness-like, precisely Goleman found direct ties between emotional intelligence and mensural business results. It is the ability of managers to understand their own emotions, and those of the state they work with, to bring home the bacon better business performance. Therefore, effective leaders should take in high emotional intelligence.Motivational theoriesIn addition, an effective leader mustiness have a thorough knowledge of motivational factors for others. Being a role representative is one of the key motivators that influence people in pop offing their goals. A leader should set a good example to ensure his people to grow and achieve their goals effectively. He can also refer to Herzbergs two-fa ctor surmise. Herzberg suggested emphasizing recognition, responsibility, growth and other motivators if leaders want to motivate people. However, to become an efficient leader, you must be self- prompt. You must know your identity, your needs and you must have a strong urge to do some(prenominal) affaire to achieve your goals. one time you are self-motivated, only then you can motivate others to achieve their goals and to reconcile their personalised goals with the common goals of the organization.Leadership stylesOn the other hand, a leader should know what leadership style is appropriate to be used. Different situations will need different leadership style. There are 4 explicit leadership styles, which are autocratic, antiauthoritarian, splatterernalistic and laissez-faire.Autocratic leaders like to make all the important decisions and closely supervise and control workers. Managers do not trust workers and simply give orders that they expect to be obeyed. This approach d erives from the see to its of Taylor as to how to motivate workers and relates to McGregors theory X view of workers. This approach has limitations, as highlighted by other motivational theorists such as Mayo and Herzberg, but it can be effective incertain situations. For example, quick decisions are needed in a follow or controlling jumbo numbers of low skilled workers.A democratic style of management will put trust in employees and encourage them to make decisions. They will delegate to them the authority to do this and find out to their advice. This requires good two-way dialogue and often involves democratic discussion groups, which can offer useful suggestions and ideas. Managers must be willing to encourage leadership skills in subordinates. The ultimate democratic system occurs when decisions are made based on the majority view of all workers. However, this is not feasible for the majority of decisions taken by a business- indeed one of the criticisms of this style is th at it can take longer to reach a decision. This style has close links with Herzbergs motivators and Maslows higher order skills and also applies to McGregors theory Y view of workers.paternalistic leaders give more attention to the social needs and views of their workers. Managers are interested in how happy workers feel and in many ways they act as a father figure. They consult employees over issues and listen to their feedback or opinions. The leader will however make the actual decisions in the best interests of the workers as they believe the staffs still need direction and in this way it is still somewhat of an autocratic approach. The style is closely link up with Mayos Human Relation view of motivation and also the social needs of Maslow.The laissez-faire leadership style is also know as the hands-off style. It is one in which the manager provides little or no direction and gives employees as much freedom as possible. only authority or power is given to the employees and th ey must determine goals, make decisions, and resolve problems on their own. This style could be effective in the persona of research or design teams. In other cases, workers may not appreciate the lack of structure and direction in their work.Financial & non-financial motivatorsformer(a) than just the theories of motivation, there are also the actual motivations in practice. These motivators are categorized into two specificgroups, which are the financial and non-financial motivators. Financial motivators in forms of payments are of primary importance in more or less workers views and very few people would be prepared to work without financial reward. Effective business leaders should be able to distinguish the type of payment that suits his workers the best, so as to bring out the best in them by screening of that financial reward. A few examples of payment methods would be the hourly-wage rate, which pays by the hour, the piece-rate system, which is salary given on every produ ct produced and performance-related pay, a bonus scheme to reward staff for above-average work performance.As the saying goes, one mans meat is another mans poison. This subject matter that not every worker can be effectively motivated by financial rewards. Like what critics have commented on Taylors theory that money is the best motivator, the question hanging in the air is is it suitable to generate effective motivation?There are other forms of motivations which come int involve money, termed non-financial motivators. These are enhancements of the workers tasks, like having job-rotations, job-enrichments or delegation and empowerments to the workers. Job rotations are usually applied in factory production as the tasks of workers tend to be monotonous all-year round and rotating their jobs will allow them to have a wider variety of tasks instead of doing the same one all the time while delegations give employees the nose out of having some form of authority which would summat ion their responsibility and hence would be more focused on what they do.It is snappy for an effective leader to have the knowledge that no one thing can cater to everyones preferences.Management functionsIn addition, a leader should also know what managers are responsible for, which are known as management functions. The most commonly cited functions of management are planning, organizing, leading, and controlling, although some secern additional functions. An effective leader is aware thatleading and managing are two poles apart, and being good at either of them does not make him an effective leader. Instead, the leader must be adept at both managing his violence and leading them along the right track.Ethical decisionsEvery leader from volumed or small companies would unsurprisingly face the dilemma of making ethical decisions in the midst of keeping their business running. The growing acceptance of corporate social responsibility has led businesses to adopting an ethical code , which is a document detailing on a companys rules and guidelines on staff doings that must be followed by all employees. An effective leader would possess the ability to make ethical decisions that takes into account the interests of all members and are inwardly moral dimensions.Traits or drawbacks of an ineffective leaderAll the characteristics mentioned above are the ones employees hope to see in their leaders. There are, inevitably, also some traits that no worker would want to find in their employers, like lack of integrity. These are also the leaders that dont walk the talk by setting up standards of behaviour and expectations, then violating the rules themselves. Business leaders should do whatever is possible to get the company up and going, and when a leader is resisting good ideas with the addition of having tunnel vision, the organisation gets stuck. A business also does not need a leader that would run people over. This crushes any workers spirits and if this approac h is used as a matter of routine, then it is likely to alienate many members of the team. Lastly, taking assent for everything. An effective leader gives credit where credit is due and even though its not in the form of financial rewards, everyone appreciates a pat on the back for a job well done. When a leader has this knowledge in his mind, he will help boost the companys performance as workers feel appreciated and the great sense of belonging.Wrapping this up, there is a plethora of qualities that are required of an effective leader but amongst all the positive traits provided, my personal choice of the most significant quality that an effective leader should be endowed with is high emotional intelligence because the imperativeness ofdrawing the line between personal life and work is indescribable and without it, a leader might dress down out at his workers due to problems in his personal life or even bringing out personal vendettas toward a particular employee.