Answered: What constitutes effective leadership?…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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What constitutes effective leadership? Why is effective leadership important for the success of an organization?

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INTRODUCTION:

There are different organizations and industries that are active these days. There is digitalization in the whole world. Digitalization means the internet can be accessed all over the world. This has further paved the way for globalization. The organizations are trying to gain a competitive advantage over one another.

Globalization means the organizations of different countries may communicate with each other for different purposes of trade, import, export, and business. The organizations are trying to gain market share and all these tasks are done with the help of the employees of the organization.

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