Characteristics of Effective Leaders
Successful Industry Leaders
Technological Industry- Tim Cook (Apple Inc. CEO)
Tim Cook has been at the helm of Apple Inc. CEO since 2011 after taking over from Steve Jobs. Tim Cook is renowned for his democratic leadership style, a sharp contrast to his predecessor, who was an autocratic leader. Cherry (2019) avers that a democratic managerial style fosters talent collaboration and consensus-building among top organizational employees.
Retail Industry- Jeff Bezos (Former Amazon CEO)
Jeff Bezos, the immediate former CEO at Amazon, is known for his transformational leadership skills. The CEO used a pragmatic approach to leadership, such that he motivated employees to achieve more than they thought they could achieve. Bezos’ leadership style ensured everyone in the organization was committed to the company’s objectives.
Finance Industry- George Soros (Chairman of Soros Fund Management and Open Society)
George Soros is known for his maverick hedge fund management. Soros’ flagship project, the Quantum Fund, is revered in the finance world. His success in the finance world is attributable to his risk-loving approach to hedge fund management.
Key Leadership Characteristics
Ability to Influence
Leadership is all about influencing followers. An effective organizational leader ought to be a go-to person so that employees can consult on various issues (Landry, 2018). Also, an influential leader is capable of building consensus and bringing a team together. With such capabilities, a leader can successfully influence employees to pursue organizational goals.
Decisiveness
According to Landry (2018), today’s fast-paced business environment needs leaders who make quick strategic decisions. That means acting quickly even when there is insufficient information. A decisive leader has the bigger picture of their organization’s needs at their fingertips and, hence, can act promptly to grab emerging opportunities.
Relationship between Leadership Characteristics and Company Values
Firstly, decisive leadership breeds discipline. Once the leader makes a decision, employees stick with it unless there are compelling reasons to adjust focus. On the other hand, a leader’s ability to influence others breeds passion in the organization. When there is passion across all organizational segments, all organizational participants focus on organizational goals.
References
Cherry, K. (2019). 2 Leadership Styles. http://myweb.astate.edu/sbounds/AP/2%20Leadership%20Styles.pdf
Landry, L. (2018). 6 Characteristics of an Effective Leader | HBS Online. Business Insights – Blog. https://online.hbs.edu/blog/post/characteristics-of-an-effective-leader
This week’s content focused on the characteristics, traits, and behaviors of great leaders. In this assignment, you will demonstrate your understanding of these concepts by developing a list of characteristics, traits, and behaviors that research shows are necessary for leadership success.
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Question 
Instructions
Conduct research on successful leaders in three (3) separate industry sectors to determine their leadership styles, characteristics, traits, and behaviors. Choose one leader from three (3) of the following sectors or others:
Characteristics of Effective Leaders
Hospitality
Retail
Informational Technology/Technological/Scientific
Healthcare/Pharmaceutical
Manufacturing/Mining
Transportation/Utilities/Logistics
Finance/Real Estate/Public Administration
Use course content and the results of your research to complete the following instructions:
Identify and describe the single most obvious leadership characteristic that each of the leaders demonstrated
Decide on at least two (2) leadership characteristics that are necessary for successful leadership in an organization and explain why they are necessary
Explain how these leadership characteristics support your own company’s values