MSG Team's other articles

10924 Reinsurance and Man-Made Catastrophes

The purpose of reinsurance is to financially help the ceding insurer when they face very high losses which are linked to a catastrophe. However, it is important to note that reinsurance companies do not consider all catastrophes to be the same. There is a very clear and marked distinction between natural calamities called “nat-cats” and […]

12159 Politics in Virtual Workplace

Politics is an inevitable phenomenon faced by the employees in any workplace – virtual or collocated. The personal agenda of individuals in terms of career aspirations and motivations to work as well as organizational culture are the key determinants of workplace politics. Political processes can be either overt where the organizational hierarchy is rigid or […]

9617 How Geopolitics Impacts Business Decision Makers and Why it is Important?

How Geopolitics Impacts Businesses Geopolitics deals with the relations between nations and the forces that determine the friendly or hostile relations between them. Businesses, on the other hand, operate in a macro and micro external environment wherein the larger economic, political, and social forces as well as the smaller laws of the economy and the […]

9866 Importance of Team Building in Corporates

Employees are the assets of every organization and its success is directly proportional to the hard work every employee puts in. Individuals must work in a little different and smarter way than the others and always feel motivated to give their best. Effort by a single team member goes unnoticed and every team member should […]

10914 Recruiting a Diverse Team

The previous articles in this module discussed how diversity as a core value is important for organizations. We have also discussed how actualizing diversity means that the entire organization has to walk the talk instead of merely espousing it in name and then practicing something different altogether. One of the most important actions that any […]

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What is Leadership

Leadership is a process by which an executive can direct, guide and influence the behavior and work of others towards accomplishment of specific goals in a given situation. Leadership is the ability of a manager to induce the subordinates to work with confidence and zeal.

Leadership is the potential to influence behaviour of others. It is also defined as the capacity to influence a group towards the realization of a goal. Leaders are required to develop future visions, and to motivate the organizational members to want to achieve the visions.

According to Keith Davis, “Leadership is the ability to persuade others to seek defined objectives enthusiastically. It is the human factor which binds a group together and motivates it towards goals.”

Characteristics of Leadership

  1. It is a inter-personal process in which a manager is into influencing and guiding workers towards attainment of goals.

  2. It denotes a few qualities to be present in a person which includes intelligence, maturity and personality.

  3. It is a group process. It involves two or more people interacting with each other.

  4. A leader is involved in shaping and moulding the behaviour of the group towards accomplishment of organizational goals.

  5. Leadership is situation bound. There is no best style of leadership. It all depends upon tackling with the situations.

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