They are able to implement a long-term approach to organizational planning that allows their organizations to make long-term improvements and profitable investments.
A third characteristic of good leaders is the ability to take accurate assessment of the relative strengths and weaknesses of others as well as of themselves and to delegate authority in the manner most appropriate to those relative strengths and weaknesses. That requires the ability to evaluate fundamental areas of business management skills and to make definitive decisions about assigning responsibilities to those most capable of achieving success. In that regard, good leaders must also be their own most honest critics to avoid confusing their authority with their ability. Good leaders must know their limits and they must be able to trust allowing others the authority to make decisions based on their talents and abilities in specific areas.
Conclusion
Without effective leadership, it is extremely difficult for organizations...
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