Why understanding leadership in commerce is very important

Why understanding leadership in commerce is very important

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Are you looking to begin a management position soon? This post will tell you all you need to learn about leadership.

While leadership styles can differ greatly, there are some vital leadership skills that all leaders need to have regardless of their industry or the nature of their position. For example, having high levels of emotional intelligence can make you a better leader as comprehending the personality types of your group and what encourages them the most typically results in increased productivity and higher engagement. Efficient communication is also an essential ability as having the capability to provide clear guidelines lessens the likelihood of communication breakdown, not to mention that it helps improve operations. No matter the position, being a fantastic orator can help you develop buy-in and impact others, whether they belong to your organisation or external stakeholders. In this context, individuals like Sheikh Saud Bin Saqr Al Qasimi would concur that reliable leadership is incredibly important as leaders are ultimately the ones responsible for the success or failure of their organisations.

The concept of leadership in management is one that has gained a lot of popularity in the last few years as leading by example frequently results in more advantageous results. It is for these factors that leaders are expected to practice what they preach and be a source of inspiration for their direct reports. Research studies have shown that engaged and motivated staff require little oversight as they currently understand what's anticipated of them so they achieve it to the greatest of requirements and in a prompt manner. This also highlights the importance of choosing the right team from the start and to make sure that they are the ideal fit to carry out the management's vision. Leaders are expected to invest some time choosing their teams to prevent costly errors, not to mention resource waste. Individuals like Rania Al Abdullah would likely agree that handpicking people with shared principles leads to increased efficiency and productivity.

While managers typically pick a specific management method when starting a new position, this choice is usually considerably affected by their personality type. For instance, people who are authoritative and detail-oriented usually choose a more stiff management method as they hold their direct reports to the same requirements they hold themselves to. They are not against cooperation but they prefer to take control of group projects and offer their team clear instructions and a specific timeline. Alternatively, managers who delight in listening to opposing points of view and take useful criticism onboard tend to choose a more collaborative management approach. This means that they want their personnel to be self-starters who can take ownership of their own projects instead of being appointed tasks and given particular due dates. People like Mohammed VI would likely agree that the importance of leadership cannot be downplayed but choosing the approach that works best for your team is likewise essential.