LSBE - Leadership Skills for Business Overview

Leadership Skills for Business Environment Overview

 

 

Leadership is a very important function of management which helps to maximize the effectiveness and efficiency of business operations in order to achieve the business or organizational goals. Without strong leadership, companies tend to lose focus, thus hurting business operations.

Most, if not all, of you have probably worked in teams on school projects and assignments. Your common goal in such situations is to follow your teacher’s instructions and meet the project requirements, thus earning good grades. However, what happens when everybody is trying to run the project? Typically, chaos and arguments ensue! When a team member with good leadership skills takes charge, everybody is able to make individual contributions that will ultimately result in a team project.

In this module, you will learn how to develop and apply leadership skills in a business environment. You will also learn how to demonstrate organizational and decision-making skills.

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Key Terms-

Accountability: Responsibility for one’s obligations.

Commitment: Dedication to a cause, activity, or assignment.

Confidence: Feeling of self-assurance or trust.

Delegation: Process of entrusting tasks.

Dilemma: Difficult situation or problem.

Empathy: Ability to understand and share the feelings of another.

Ethics: Moral principles that govern someone’s actions.

Innovation: Process of seeking new methods, ideas, and products.

Integrity: Having strong moral principles.

Leadership: Guiding a company or organization towards the achievement of common goals.

Organizational Skills: Ability to remain focused on different tasks and use resources effectively and efficiently to achieve the desired outcome.

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