Describe Leadership and Qualities of a Good Leader - 1100 Words

Describe Leadership and Qualities of a Good Leader (Essay Sample) Content: Leadership and Qualities of a Good LeaderNameInstitutionInstructorDateIntroductionLeaders and leadership is a field that has been faced with critical controversies. The qualities of the leader may be developed, inborn, or inspired by the followers. Many leadership theories that attempt to explain the concepts of leadership have been developed. The writer will evaluate his admired leader in the lens of the three leadership theories. The three leadership theories will be the trait, the behavior, and the transformational theory. The writer will explore the qualities that have made him a success and evaluate his personal leadership qualities in the lens of the admired leader. The writer will explain his idea and plan for his leadership improvement.Analysis of the Admired LeaderMy admired leader is the recent United States president-elect Donald Trump. The person has come from a humble background and has established a multi-billion real estate business building it from scr atch. In the last elections held in the United States, the person emerged the winner despite most of the former leaders failing to support him. The person was vying for the presidential seat using a political party that to the eyes of many was most likely to lose. However, the outcome of the results was a rude shock to most of the people that thought their opinions and votes would determine the results. However, for the keen people like me, it was possible to sit back and reflect on the leadership qualities that had made Donald Triumph despite the rejection of most of the people and the lack of the majority of the electoral votes.Donald can be explained as a leader that is capable of setting his mission and relevant goals that he is able to follow through (Ewoh, 2013). From the establishment of a multi-billion real estate business from the scratch, it can be inferred that the person had a higher mission and goals of seeing his business prosper. He has followed the mission and the vi sion that has seen the business grow from nothing to a world leader and competitor. Through his business involvements, Trump can be seen as a person that possesses appropriate negotiation and communication skills relevant for a leader and a winner. To close the deals in the real estate in a winning position, the person need to have the best negotiation skills and ability to determine the least value he can take in the deal and when to let go.Trump can be seen as a person that believes in himself and is not afraid of saying what he is convinced despite the other people`s perceptions. The idea of having the majority as right and the minority as wrong to him is alien. He believes that in most of the cases, the majority are misguided and it is the duty of the leader to transform them and make them see the light. He employed the design in showing that most of the Americans and the World was wrong about the leadership in the US and that it was in dire need for the change. Throughout his c ampaign, he stuck to what he had said despite receiving critical condemnation and dissipation from the people of different opinion that were perceived to be many.However, his conviction, patience, and ability to set goals and follow them through made him stick to his original plan (Ewoh, 2013, p. 124). It was quite fascinating to see the persons that were critiquing his ideas at first without giving them a thought pose and analyze the meaning and interpretation of the ideas later in the campaign. Donald had successfully employed the effective communication leadership strategies in his campaign. The issues that he had raised had caused stir and raised eyebrows in the US and in the globe. The design made sure that he had the attention of all the people in the America and across the globe. With their attention, what remained next was how to utilize the opportunity for his benefit and winning. Holding their attention depended on his leadership and performance that he utilized effectivel y throughout the campaign.Eventually, he disconnected from the interest at the final day by identifying with the other party, indicating his interest in protecting the concerns of the other party above his interests, disclosed what the other party was to gain by voting for him and what was at stake, and lastly, giving the voter the action point. The strategy represented the qualities of a good leader that identifies the concerns if the other party in the negotiations. The leader ensures a win-win situation for the concerned parties. Trump employed a rare marketing leadership stunt of prompting the target audience to towards a specific desired action (Ewoh, 2013, p. 129).Analysis of My leadership SkillsAssessment of my leadership abilities were developed in the four critical management functions and leadership perspectives. In the management dimension, I employed the systems management theories while in the leadership theory I employed the Maslows hierarchy of needs (Cory, 2004). My management design involves evaluation and focus on the effective performance of the organizational operation and functional non-human resources and the effective working of the systems through the human interface. I am a person that is focused on optimization of the organizational resources through multi-tasking rather than job specialization. I value innovation and creativity in the organization above the experience and the demonstrated skills and professionalism. I believe the creative and inventors are the workers that are responsible for changing the businesses and giving them a competitive upper hand in the business through invention and creation of bett...

Financial Forecasting Impacts In Strategic Growth Of Firm - 550 Words

Impacts Of Financial Forecasting In The Strategic Growth Of A Firm (Essay Sample) Content: Financial ForecastingNameInstitution AffiliatedDateIntroductionA financial forecast is a projection of the anticipated finances in terms of income, revenue and expenses. It gives a firm a reasonable idea of the anticipated revenues over a given period of time. This is essential to the strategic growth of the firm involved. Financial statements are also required in financial forecasting to ease the task of coming up with a business strategy. A firm has to come up with an accurate financial forecast to avoid business failure.DiscussionFinancial forecast should not be confused with a financial plan. Forecasting involves estimations, projections and anticipations of future finances. On the other hand financial planning involves clearly stated steps to generate and manage future finances. It is important to note that financial forecasting is a key consideration before coming up with a financial plan. Therefore, a financial forecast will highly affect the content of the fi nancial plan.A business plan is a tool for strategic planning which eventually if followed by strategic business growth. A financial forecast tries to predict what might happen in the future in terms of revenue and expenditure of a firm. This anticipated ensure that as a business lays down strategic steps it covers a given period with a general expectation. Planning also involves seeking financing. A forecast will project when the firm will need external funding and thus can be used by a bank as an evaluation resource before lending out a loan (Grant 2016). Therefore, financial forecast is important is seeking financial help which is important in achieving strategic growth goals of the firm.Very many risks face a business; that it why every entrepreneur needs to be a risk-taker. Unprecedented risks are the major causes in business failure. A firm that has a capability of foreseeing impeding risks will always have an upper hand in the market. This is what sets apart firms that are ab le to experience achieved strategic growth to be multinational and those that fail as startups (Bracker, Keats Pearson 1988). A well modeled financial forecast is able to foresee the expected and even at times unexpected risks and helping a firm in coming up with strategic growth plans that cater for the occurrence of the risks.Innovation is an important tool in strategic growth of a business. Firms that exhibit continued growth are always coming up with new products and ways to ensure the market is hooked up to them. A financial forecast is important when a company is to release a new product or employ new techniques into the market. The forecast will try to project the cost that the firm will undergo when launching a new product and the expected income that such products will earn the firm (Rhyne 1986). If the forecasting is precisely done, the firm will take measures to ensure that the business benefits maximally from the release of new product.A firm may use relevant employees to come up with a business forecast or may employ experts to do so. Whoever comes up with the business plan, they will be required to use financial statements. Financial statements help keep records of the business transactions. Forecast ideas are based on the firms financial sta...