Impact of superior leadership Essay

Introduction Leadership can be defined as â€Å"a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent. Leaders carry out this process by applying their leadership attributes, such as beliefs, values, ethics, character, knowledge, and skills†. (A good leader offers reality check, thank you – The Business Journal of the Greater Triad Area) â€Å"Leadership is concerned with intimacy, intimacy with the substance of the work and with the people you serve,† (What is Leadership?) Nowadays in the world of business, one of the most important issues that companies face is that their workforces, including executives, are incapable of wrapping their minds completely about how to think and act as a superior leader. To become a superior leader, your role in your organization should be lasting success. Besides this, superior leaders must be ambitious, hard working, broad minded, striving, caring, competent, intelligent, cooperative, loyal, dependable, supportive, forward looking, mature, self controlled and so on. Superior leadership motivates us to do more, learn more and dream more. In fact, superior leadership is an approach that unleashes your employees’ brainpower. This is due to the fact that when this brain power is completely utilized, workers and employees are motivated, innovative, creative and committed. How Good Leadership Affects Organization Obviously, we all are aware of the fact that employees are our most significant asset and the best ones are self-starter and self-motivated. Unfortunately, they are approximately only 5 to 6 percent or so naturally occurring. By using a superior leadership strategy, the management can certainly make huge number of employees highly self-motivated and self-started. And in this regard, this superior leadership strategy can be taught to newly hired and prospective managers to maintain your product quality and to provide fineness in leadership. According to Richard Hughes, R&D director for groups â€Å"Specifically, most organizations whether they are in the corporate sector or not have business strategies but have not given sufficient thought to what human capabilities are needed to implement that business strategy effectively†. (McLean, 2005) Furthermore, as a corporate leader of a firm, delivering satisfactory results to your employees, customers, organization and shareholder/investors is your responsibility. Primarily, result-based superior leadership motivates trust, energizes organizational employees and makes performance measurement easier for an organization. Nobody can deny the statement that your company’s overall performance depends upon the fact that how your management plans certain things and applies them in business activities. And with respect of this, a strategic leader should make a caring plan that gives assurance of your company’s goodwill and future business. And to achieve the aforementioned things, the management and the leaders should treat team members as partners instead of employees. In addition to this, a successful leader builds a strong communication connection inside and outside the organization, and understands your stake holders’ and investors’ mutual expectations. Moreover, in order to understand a company’s goals and objectives productively, a workforce should mutually understand and practice its strategy because of the fact that overall success of a company depends upon good leadership. A responsible team leader or manager should apply the aforementioned points. In today’s globalized world of business, many corporations are facing economic, social, political and climatic changes. Hence, a good leader is one who can cope with day to day changing political and social situations. Certainly, true leadership provides business to organizations in any circumstances whatsoever. However, the business environment can have impacts on the style of leadership â€Å"Successful leaders of change may not always be successful leaders of stability, consolidation, continuity, or thriving leaders in periods of massive disruption, such as 9/11. These different conditions require a different style of leadership, which may not necessarily be found in the existing senior management†. (emcc – Transforming organisations – the importance of leadership and culture in managing change) If a strong leadership culture is not present in any type of organization, employees do not contribute a common vision to the organization’s future and would disagree on what the most significant priorities are. In this regard, one would believe that such indicators are influenced according to an organization’s size or in other ways like in which responsibilities are distributed in an organization. In this regard, Marvin Lieberman, Lawrence Lau and Mark Williams conducted a study which is considered a most classy study in the automobile industry. These researchers estimated the productivity equation in order to ascertain the growth in both labor and capital outputs in six companies over a period of forty years. They found that â€Å"effects of top management on all of the companies except Toyota (because it had a system that made performance robust and largely independent of who occupied senior leadership positions) and that these effects were significant† (Pfeffer and Sutton, 2000) Furthermore, there is evidence that leadership results are modest because of the fact that employees who are allowed to keep and hold leadership positions are similar to each other. Practically speaking, leaders are selected for similarity in outlook and education. Consequently, in most of the organizations, leaders who appear to be successful are highly sought after and are likely to take bit positions. Another theorist described his views about leadership and its impacts on your organization as â€Å"building your superior confidence in you requires giving them your confidence. Once you and they have established in both ways, your organization may have an unbeatable competitive advantage, whatever the battlefield†. (Hinders, 2005). Generally, it has been observed that bad leadership has adverse effects on organizational performance and work output. For instance, organizations without proper project management miss milestones. Projects in such organizations cost more than the estimated amount and do not deliver the desired results. Certainly, leadership plays a tremendous role in every aspect of the organization. For example, most of the US financial companies systematically hired the best world talent regardless of the market size and shifted these leaders through every critical and non critical aspect of its operation. Because of the leadership fact, human assets pay off handsomely in today’s global world of business. And in this regard, the world’s best economists also weigh the fact that in today’s business world, it is very difficult to run your business operations economically without having a good leader who has the ability to cope with different problems and solve problems economically and excel among business competitors. Tsun-yan Hsieh and Sara Yik, in an article while emphasizing the leadership importance for an organization stated that, â€Å"â€Å"what do we mean by â€Å"leadership†? Whereas good managers deliver predictable results as promised, as well as occasional incremental improvements, leaders generate breakthroughs in performance. They create something that wasn’t there before by launching a new product, by entering a new market, or by more quickly attaining better operational performance at lower cost, for example. A company’s leadership reaches well beyond a few good men and women at the top. It typically includes the 3 to 5 percent of employees throughout the organization who can deliver breakthroughs in performance†. (Hsieh and Yik).