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Showing posts from August, 2015

Qualities Of a Good Leader

Physical fitness: - A leader should be fit physically. He should have untiring stamina supported by other physical features i.e height, weight, complexion etc An attractive appearance provides a leader good leadership personality. Vision and foresight: - A leader should have a sense of foresightedness and visibility of the future course of action. He should be imaginative enough to read the events likely to happen in the proper perspective. Integrity and honesty: - A leader should be sincere and honest to the course of his followers. He should fight for the cause of his followers with all vigor, integrity, and honesty. Technical know-how: - A leader should have an edge over his followers in the technical matters. He should be expert to resolve the technical problems of his subordinates. Motivation: - A leader should have the capacity to seek the willing co-operation of followers toward the achievement of the goal of the organization. He should be eligible to inspire his followers...

Importance of Leadership

A leader has a very vast role in the organization. Leadership is essential in the organization as it is processed of motivating the subordinates. Leadership exists in the organized and non- organized groups. The main importance of leadership as follow:- Guiding and inspiring subordinates: - A leader guides the subordinates towards the achievements of organizational goal and inspires them for better performance. It transforms the individual efforts into group efforts. Co-operation and co-ordination: -  A leader combines the individual goal with organizational goals it helps in securing willing co-operation from the subordinates and better co-ordination in their actions. Motivates: -  Ability to do work is important but will to do work is most important. As a leader, a manager provides financial incentives to his subordinate and inspires them to contribute their maximum role. Boosting morale: -  A leader boosts morale in their subordinates for performing their best. A fully satisfied wo...

LEADERSHIP

Leadership is the ability to induce others to work. It is an element of directing. A leader appraiser is followers towards the achievement of organizational goals. ‘leadership’ and ‘managership’ are not treated as one and something . Leadership of managership mainly depend upon his personal qualities and the attitude of followers. As a leadership means ‘to lead’ therefore a leader lead subordinate to perform their job. Leadership is very necessary for an organization because a leader coordinates the resources and motives the workers. ACCORDING TO Koontz and O   Donnel, “Leadership is ability of a superior to induce subordinate to work with confidence and zeal”

MOTIVATION

MOTIVATION :- The term ‘motivation’ is derived from the Latin word ‘motive’ which means ‘to move’. Motivation is the process of generating an urge aiming the subordination toward achievement objective of the organization. Motivation helps to transform the ability of work into willing to work. It sets the action of people into motion. It improves the efficiency of workers and ensures the achievement of the goal of an enterprise. Effective motivation leads to success and growth of the enterprise. Motivation is processed of inducement which guides the worker to work in the desired manner. It is a continuous process of organization ACCORDING TO Koontz and o’Donnel, “To motive is to induce people to act in the desired manner”

Functions of Entrepreneurship

An entrepreneur is a person who undertakes the business of its own. His business is known as entrepreneurship.following are the function of entrepreneurship:- RISK TAKING: -  One of the most important function of entrepreneurship is to take a risk. An enterprise may earn profits or suffer losses because of various factors. An entrepreneur needs to assume the risk involved in the enterprise. He should be a risk taker, not risk avoider. INNOVATION: - Innovation implies doing creating something new with using new technology. Innovation includes the introduction of new goods, new methods, new markets and new technology etc. Tastes and preference of consumers are undergoing a great change. innovation plays a unique role to meet their requirements. BUSINESS PLANNING: - Need for planning arises as soon as the business is undertaken. Formal business planning is vital in the success of every business enterprise. FUNCTION OF MANAGERIAL SKILL: -  Managerial skills are the important functions o...

CHARACTERISTICS OF ENTREPRENEURSHIP

The   following are the main characteristics of entrepreneurship:- ECONOMIC ACTIVITY - Economic activity means that activity which  is associated with certain monetary rewards because entrepreneurship also includes creation and operation of an enterprise. so it is an economic activity. INITIATIVE ACTIVITY - It is an initiative activity because the enterprise takes the form of the initiator by business, ideas which are already being use in developed economies. GOAL ORIENTED - Entrepreneurship is always goal oriented. it aims at generating personal and financial gains. the concept of social entrepreneurship is also taking place, where the objective is uplift of weaker section of society GAP FILLING FUNCTION - The job of the fill the gap between knowledge and information. entrepreneur combines all the input. thus, he performs the function of gap filling. MANAGERIAL SKILL - An entrepreneur uses all the managerial skills of motivation. leadership etc for running the enterprise efficiently...

Entrepreneurship

Entrepreneurship :- The word '"entrepreneurship" has been derived from a French word 'enetrprender' which means 'to undertake'. Today people call it by various name like risk taking innovation etc. It is a composite skill, a mixture of many qualities like managing, leadership etc. Entrepreneurship is  a task through which a person organise the business of its own, runs it profitably, makes the decision and undertake the risks. thus, Entrepreneurship may be regarded as what an entrepreneurship does it followed first by entrepreneur and then by enterprise. Entrepreneur proceeds entrepreneurship. Entrepreneurship is series of action which an entrepreneur takes to establish the enterprise.