Leadership and its impact on firm success
The leader plays a chief role in the direction and orientation of the firm which is the one that create the mission and vision of the firm and others obey it. Therefore, a proper style of leadership ensures and influence the economic growth and prosperity of both employees and organisation. It can be said that leadership has a direct effect and cause connection to firm and their success. A leader recognise culture, value, employee motivation and change tolerance. They shape institutional methods such as their effectiveness and execution. The study will provide an understanding of the success of a firm from the actions of its leaders with examples.
Successful organisations have effective leaders who assist an organisation accomplish its objectives and encourage manpower to be productive. Leadership refers to the action of leading individuals in a firm towards accomplishing objectives and aims. They do this by affecting staff behaviours in numerous ways. Leaders set a precise vision for the firm, encourage manpower, directs staff via the process of work and build morale (Semuel, Siagian and Octavia, 2017).
Leadership is considered one of the utmost significant features in any organisation because it identifies the entire success of the specific firm in every chief functionality and activity. It is a process of influencing individuals, so that their attempts are focused on towards accomplishing their objective (Iskamto et al., 2021). When an organisation unsuccessful to accomplish its chief objectives, senior management or leadership carries the responsibility and when a business successful in their entire functionalities and operations, the success is credited to the leadership. Thus, the failure or success of any firm, community, group relies on the outcomes to the sustainability, success, growth, and development of the organisation or groups. On the other hand, poor or bad approaches and styles of leadership lead to the failure of groups and organisation in accomplishing their chief goals (Gren?íková, Guš?inskien? and Španková, 2017).
Setting a precise vision shows influencing staff to accept and understand the future condition or state of the firm. An effective leader would influence the team members to achieve their responsibility of their role in the result. A leader is accountable for personal setting the tone of fineness, with maintenance an operations as true partner. Leadership serves numerous exercises significant to the success of a firm. It can be said that one of the utmost significant practices of leaders are to give a vision for the organisation. Leaders describe the vision and what organisation’s members must do to accomplish it (Asghar and Oino, 2017).
While a firm could have individuals with several capabilities and talents, it is leader that connects individual efforts towards the communal objective. By motivating and inspiring teams and directing or managing personal activities for the enhancement of a general objective, a leader assists their organisation accomplish excellence (Day and Sammons, 2016).
Leaders assists in integrate the mission and vision of the organisation to manpower. It gives guidance and assists everybody recognise the roles that utmost fit experiences and skills. Through precise and accurate communication, a leader supports his/her team members and subordinate to function for the actualisation of goals. Further, a leader is passionate regard his/her vision and influence others with his/her energy to accomplish it. It can be said that an effective leadership motivates others to buy into the organisation’s goals and give a robust reason for everyone to remain devoted to their responsibilities (Klein, 2018).
The role of effective leaders in achieving organizational goals
Once team members know what to do to deliver on specific works or projects, a good leader supervise their work to make sure they accomplish their duties and roles efficiently. Leaders ensure efforts of employee align with goals and vision of organisation for enhanced efficiency. Apart from this, an effective leader is committed to the success of his/her firm and its manpower. They do not permit provisional setbacks to diminish their spirits and remain focused on the long-term goals of the company. When they experience an impediment, an effective leader encourages his/her teams and assist them see outside the issues stopping them from reaching the communal objective (Tariq and Syed, 2017).
Effective leadership teaches the firm ethical values. Despite their issues, effective leaders do the correct things to accomplish their objectives. For them, fairness, truthfulness, and integrity are chief features they wish to see in their organisation and its relations with clients and contractors. Moreover, the best leaders form an atmosphere where others could develop and grow (Del Giudice et al., 2017). They are open to fresh methods and ideas of accomplishing outcomes and adjustable enough to confess their faults or errors. They support subordinates to give inputs on how to enhance processes of work and reward excellence to improve loyalty and creativity. If the employees improve the work process, then it will definitely be beneficial for the success of the company and the company will be closer to achieving its goal. The growth of employees directly and indirectly has a positive impact on the success and growth of the organization.
Effective leadership poises personal interest with organisational goals. A leader knows that staff have personal motives for working with their organisation. They form an atmosphere in which the firm could accomplish its objectives without sacrificing worker satisfaction. (Some examples of leadership which contribute to success of the organisation. Elon Musk, the founder of Tesla, inspires his team by sharing vision of the company. He does not only inspire his staff but also assist to make his vision happen and accomplish (Khan, 2021). Jeff Bezos, on the other hand, is the founder of Amazon who is known to be a task-oriented and transformational leader. In order to help Jeff Bezos, contribute to the success of his corporation, he searches for ways to become innovative. He believes that if a leader wants his company to be successful then start innovating and experimenting. Moreover, he is one of the globe’s differentiated leaders, having the preconised set of beliefs, values, standards and cultures for his business. He directs his manpower to obey these primary guidelines (Gradinaru et al., 2020).
There are different types of leadership that leaders are adopt in their organisation. Knowing style of leadership by leaders is vital as it could assist in recognise how they influence those who are under their straight influence. Names of some common leadership styles: autocratic, transformational, strategic, democratic, and transactional leadership. Every style has its own advantages and disadvantages. It depends on the leader and process and policy of the organisation which leadership style he/she choose in order to accomplish the success of the organisation (Laureani and Antony, 2017).
Leadership styles and their importance
Apart from this, poor leadership could also be felt all over the firm – merely not in an effective manner. Company culture becomes a pointless term in which a leader claims it exists while staff shake their heads in disappointment. It can be said that there is absence of consistent, clear integration from leadership to the manpower. Due to this, the work is run by gamesmanship, politics and rumour mill. Employees are not sure about the objectives and goals of the organization for success and as a result, this directly affects the success of the organisation. The result of poor leadership is a high turnover, low morale, and a diminished ability to have any sustained success. Some examples of poor actions of leaders that affect the success of the organisation. A few years ago, Volkswagen engineers installed a “faulty device” to perform diesel-powered care of passenger work in order to satisfy the emissions test of the Environmental Protection Agency. It refers to the illegal action of the leader and the company faced loss of reputation and damage success of the organization (Hassan, 2019).
One of the challenges that the organisation usually faces – how to describe the mission and vision of the firm into clear outcomes in the chief areas that the leader recognises to be vital. Effective leaders would solicit input from group people in the growth and enhancement of well-established goals. In this manner, the group as a whole is spent in the job or project. The result is an enhanced product or result. Moreover, to support the adoption of the firm’s objectives by the individual members of the group leaders presents the group members that they all are valued by respecting their suggestions, and listening to, and recognising their work contributions. It can be said that harmony of the firm advantages from such a strategy (Javed et al., 2019).
It can be concluded that successful organisations have effective leaders who assist an organisation accomplish its objectives and encourage manpower to be productive. Leaders assists in integrate the mission and vision of the organisation to manpower. It gives guidance and assists everybody recognise the roles that utmost fit experiences and skills. Leaders ensure efforts of employee align with goals and vision of organisation for enhanced efficiency. Apart from this, an effective leader is committed to the success of his/her firm and its manpower. If the action of the leaders is unethical and illegal then it causes great damage to the success of the organization. Employees are not sure about the objectives and goals of the organization and as a result, it directly affects the success of the organisation. Therefore, it can be said that the actions of the leaders play a major role in the success of the organisation.
References
Asghar, S. and Oino, D., 2017. Leadership styles and job satisfaction. Asghar, S., & Oino, I.(2018). Leadership Styles and Job Satisfaction, Market Forces, 13(1), pp.1-13
Day, C. and Sammons, P., 2016. Successful School Leadership. Education Development Trust. Highbridge House, 16-18 Duke Street, Reading Berkshire, England RG1 4RU, United Kingdom.
Del Giudice, M., Khan, Z., De Silva, M., Scuotto, V., Caputo, F. and Carayannis, E., 2017. The microlevel actions undertaken by owner?managers in improving the sustainability practices of cultural and creative small and medium enterprises: A United Kingdom–Italy comparison. Journal of Organizational Behavior, 38(9), pp.1396-1414.
Gradinaru, C., Toma, S.G., Catana, S. and Andrisán, G., 2020. A view on transformational leadership: The case of Jeff Bezos. Manager, (31), pp.93-100
Gren?íková, A., Guš?inskien?, J. and Španková, J., 2017. THE ROLE OF LEADERSHIP IN MOTIVATING EMPLOYEES IN A TRADING COMPANY. Journal of Security & Sustainability Issues, 7(2).
Iskamto, D., Srimulatsih, M., Ansori, P.B., Ghazali, P.L., Foziah, N.H.M., Arifin, J. and Bon, A.T., 2021. Analysis of Relationship between Leadership and Employee Performance at Manufactur Company in Indoenesia. In Proceedings of the 11th Annual International Conference on Industrial Engineering and Operations Management. Singapore: IEOM Society International (Vol. 8, pp. 3262-3269)
Javed, B., Abdullah, I., Zaffar, M.A., ul Haque, A. and Rubab, U., 2019. Inclusive leadership and innovative work behavior: The role of psychological empowerment. Journal of Management & Organization, 25(4), pp.554-571
Khan, M., 2021. A critical analysis of Elon Musk’s leadership in Tesla motors. Journal of Global Entrepreneurship Research, pp.1-10
Klein, J., 2018. Connecting with and Developing Employees for Real Leadership. International Leadership Journal, 10(2), pp.8-15
Laureani, A. and Antony, J., 2017. Leadership characteristics for lean six sigma. Total Quality Management & Business Excellence, 28(3-4), pp.405-426
Semuel, H., Siagian, H. and Octavia, S., 2017. The effect of leadership and innovation on differentiation strategy and company performance. Procedia-Social and Behavioral Sciences, 237, pp.1152-1159
Tariq, M. and Syed, J., 2017. Intersectionality at work: South Asian Muslim women’s experiences of employment and leadership in the United Kingdom. Sex Roles, 77(7), pp.510-522
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
