When it comes to Business, you’ll find that Leadership is an important concept. The Business can be related to any sector, and chances are, you’ll find yourself asking the million-dollar question, “why leadership is important in business“. It all comes down to strategy and how you prepare your company to face upcoming challenges.
Now, you’ll better understand why Leadership is important in Business. Take the case of Twitter ever since Elon Musk purchased it. Since then, Twitter stock prices have set a new low; the company is now either firing employees or locking them all out, physically, out of their office altogether.
Twitter is garnering the limelight – just not for the right reasons. It’s akin to Alice and the mad tea haters’ party! The company’s Leadership is crucial and can make all the difference between its success and failure.
Moreover, the Leadership is in charge of inspiring, motivating and charting the Organization’s future and success. To be specific, a leader is the one who gets to create the company’s vision.
The vision sets the tone for both the workforce and the competition. In fact, with the company’s core vision, ideals and principles, you may find it easier to motivate or inspire your workforce. That’s why you need to review some of the critical benefits of Leadership at the helm of the company!
A collective business identity:
If you have never visited Google headquarters, this may be the right time to check out the company headquarters in Mountain View, California. You would soon realize that nearly the entire workforce has a single collective business identity.
This enables them to be in sync with the rest of the workforce and its management – as far as the company’s vision, principles, ideals, goals etc., are concerned.
A leader often sets the tone regarding the company’s vision, goals and core principles. He motivates and inspires the entire workforce to follow suit. And in the process, he manages to imbue the whole workforce with a collective business identity that sets them apart from other workers. The perfect example would be the Apple workers operating the Apple stores. Their apparel is designed to appear similar, emphasizing the collective business identity.
- Vision and goals:
When it comes to a company’s vision, goals, and core principles – the leader assumes importance since he is the one who gently guides the Organization through choppy waters. It sounds like a line from a movie, but it is the literal truth. When it comes to Business, you will need help managing your Organization’s day-to-day affairs. And that’s why it makes sense for each employee to have a good grounding on the core principles, goals and values. Without these principles or a vision to guide your workforce, you will soon find it downright hard to guide your Organization.
- Overcoming obstacles:
Any company is bound to go through various obstacles and handle several issues, from strikes to cut-throat competition. And having an effective leader at the helm of the Organization can help the company navigate these obstacles, including pay rise issues, the disparity in products, and even employee issues, including termination and employee rights.
Granted, only some leaders can handle these issues every day, as only a select few can do so. And that’s why, the moment you become a leader, you should review the various obstacles the company faced in the past. This should clue you in on the obstacles bound to crop up, and you can take effective corrective measures in advance.
- The right person can help boost the entire workforce’s morale:
The above statement is true. If you are the right person to assume Leadership of the Organization, then you shouldn’t have any issues in helping to boost the morale of the entire workforce.
Some may not consider ‘morale boosting’ as either necessary or essential. It needs to be pointed out that only if the workforce is truly motivated with high morale will they naturally work extra hard to complete a project.
The perfect example to elucidate this point would be what’s happening at Twitter now. The employee morale is so low at Twitter that comedy hosts have started doing surveys on which is bound to last longer – Twitter rebirth under Elon Musk or Donald Trump.
Of course, for some of us, neither option is favourable, but that being said, when mainstream comedy central starts taking digs at your company, then you know that something is seriously wrong.
Twitter fired over half its workforce and is determined to make things doubly hard for those who opted to remain back. You should take a cue here; things are in the toilet bowl when you disparage your own company and your main product.
Leadership is essential, if not downright crucial, for any business. You must ensure that your Organization has the right vision to overcome the various hindrances you are bound to face daily.