Leadership Characteristics – What Makes an Effective Leader

There are some specific characteristics that are found inside people who are born that seem like a developed skills and abilities which open themselves in a wise position where they look like a good leader. There are some characteristics that are found in a good leadership skill and these qualities can be a natural part of their personality and daily activities.

First, confidence that must appear from a person like trustness and believing in their own abilities. And also can be said that someone empowers their working for them to make their own decisions. For example, make a decisions following on their own idea like creating something new and with some experience like a student doing their best in their final exam with a lot hopes and also the confidence comes from the parents and teacher who guides and approaches them at all the times.

Second, a good character  plays in an important and vital role in determining the effectiveness of their leadership. Trustworthiness and honesty are the two main important aspects of a leader’s character otherwise there is a slight flaw in leader’s character and it will be lead or caused to the follower, don’t trust he leader. For example, a true leader must always be true and loyal with themselves to what to be done what they have been promise to do and must follow what they have said so that it can be shown as a good example for others in their activities and in future attitude.

Third, a great effective communication is an important and vital leadership of a good leader that should be able to put across what that have to make satisfied the circumstance and how .… Read the rest

Leadership and Followership

All-important social accomplishment requires complex group effort and, therefore, leadership and followership. Leader-follower relationship is two way, leader as well as followers have great capacity to influence the relationship. Just as a leader is accountable for the actions and performance of followers, so followers are accountable for their leaders. Followers support leaders when necessary and help them correct their actions, just as leaders must support followers and help them to correct their actions. This is partnership and both sides must be proactive. Organizations are successful or not partly on the basis of how well their leaders lead, but also in great part on the basis of how well their followers follow. Courageous followers help leaders stay on track and manage their decision-making processes in the right direction. Responsible and effective followers have a critical role in maintaining the desired partnering dynamics. In his book The Courageous Follower, Ira Chaleff points out that the old paradigm of the leader/follower is based on power. The leader has traditionally had the power to reward and promote, this has led to a relationship in which the follower avoids jeopardizing their chances of obtaining these rewards. Hence, the follower tends to do what the leader wants and, just as important, not offend or create a negative impression of them. A relationship based on this kind of power does not serve the organization, it shuts down the open flow of communication and candor a leader needs to order to optimize their effectiveness. Chaleff sees a very different kind of relationship between leader and follower.… Read the rest

Comparison of Japanese and Western Management Styles

The key difference between Japanese and Western management style is not one of method but of attitude and philosophy. The Japanese have studied the Western style of management, concentrating mainly on American management styles for the past 30 years and have adapted what they believed to be useful methods to their own work environment. It now appears that Western companies are studying some of the Japanese management styles, attitudes, and philosophy and have adopted areas of work ethic, which they believe to be valuable to their companies. It is necessary that Western companies study and deploy various Japanese management styles because the most important reason behind successful Japanese outcome in productivity and quality is the quality of their work force. Western companies aren’t often able to compete with Japanese companies. They must simply adjust their human relations and ways of management in order to become more competitive with not only Japan, but also the world.

The basic difference between Japanese and Western employees is the connecting relationship between the employee and the employer. In Japan there exists a reasonably strong bond, especially in those circumstances where employees are hired for the stability of their work life. The relationship between company and the employer, under these circumstances become a key aspect of the individual and his or her identity. This employee/employer bond often turns out to be a strong relationship that may grow even stronger than the parent/family or husband/wife. On the other hand, the bond between employee and employer in the West is relatively weak, as it is generally based on a relationship, which can be separated independently by either employee or employer with short notice.… Read the rest

Characteristics of Successful Ecommerce Businesses

Ecommerce had brought much change in way business. It is enabled businesses to connect with each other in new way of thinking in every area on commerce. The turnover from usual business to e-commerce has anticipated exceeding far then expected by spectator. Many companies nowadays using Ecommerce had been successfully gained more profit in their business. These companies have their own features that show them as the highly rated successful companies. Most of these companies also have good strategies in planning their business that enables them to success.

Amazon is one of the most famous e-commerce companies and founded by Jeff Bezos. Today, Amazon offers everything from books and electronics to tennis rackets and diamond jewelry. According to the research conducted, Amazon attracted about over 615 million customers every year. The ability of online friendly website by Amazon is one of the key of success for this company. Another company that been successfully in e-commerce is Dell. Dell has made rapid strides, the company has achieved big profit in online sales. The company’s effective strategy of selling products without retail has been admired by customers and many e-commerce dealers imitate their strategy. As same as Amazon, Dell success key factor is online friendly website.

Most of successful companies achieve success by having their own characteristics and features that led them. Effective strategies also the key factor the company’s success achievement.

Features of Successful ECommerce Businesses

Many companies use e-commerce as one of the ways to gain profit. For each successful company, they have various features that help them in e-commerce business.… Read the rest

Forecasting for Strategic Planning

Forecasting is a collection of mostly statistical and/or judgmental procedures  which aim at predicting the future based on the available information and/or data (These processes may include activities such as data collection, data pre-processing and preliminary data analysis, forecasting method selection, which also involves model selection, model fitting, and diagnostic checking, and control in a forecasting system in use). In such processes, forecasting has lots of potentials for strategic level managers including revealing system dynamics, problem determination, predicting, monitoring, and control.

Forecasting techniques are used by managers to plan future capacity to meet market demand and to procure the needed inputs to produce this demand at optimum costs. Forecasting models are used to predict future aspects of business operation. They include averages, moving averages, weighted moving averages, exponential smoothing, linear trend models, and simple and multiple regression models.

Forecasting as a Strategic Decision-Making Tool

Surviving in highly competitive markets and adapting to new states require both strategic thinking and utilizing all the available information about the future, as well as that about the present. Nevertheless, the information required about the future may not always be readily available. Even though it is possible to obtain a part of those data and/or information (e.g. inflation figures, growth forecasts, exchange rates) from external sources, firms mostly produce and obtain the required data (e.g. the amount of future stocks, cash flows, market shares) themselves within their own bodies. Moreover, firms, themselves, may also have to produce some of the external data needed (e.g. inflation rates and exchange rates) for themselves, which could normally be obtained from external providers otherwise.… Read the rest

Corporate Parenting Strategy

The complexity of transitional business conditions creates a need for creating value through aggregation of different businesses in complex corporate enterprise, which gives it the character of a multi-business firm. Businesses could be defined as being whatever the enterprise chooses to operate as organizationally separate profit-responsible units. Such business entities are often referred to as Strategic Business Units (SBUs) and they are organized as largely separable businesses with control over the main strategic levers that affect their performance. Besides this organizational definition, the businesses could be defined in economic sense relating to Strategic Business Opportunities (SBOs), which are clusters of product-market transactions able to sustain a successful focused business, with financial independence. Processes of merger, acquisition, divestment, and the other processes of transformation continually create new challenges to corporate management towards providing better performance of aggregated businesses than they would achieve if they were independent, stand-alone entities. It is corporate strategy that should guide key decisions in the businesses and coordinate their business strategies. But, for most corporate enterprises, the corporate strategy is simply the sum of business strategies, with some broad objectives and statement of business mission. Therefore, senior managers who are responsible for defining the overall corporate strategy, often recognize that something in their strategies is wrong. They may conceptually change strategy through offering some financial guidelines, and determine which businesses are “core”. This affirms creating advantage through parenting (Parenting Advantage), which, as a principle, should guide decisions about the nature of the businesses in the portfolio and about its structure.… Read the rest