What makes a person a good business leader? A popular consensus seems to be that a good leader is able to not only understand each employee's needs and abilities, but also motivate and empower that employee to use his abilities to the full. This requires that a leader take the time to understand the employee and to develop him to his full potential.
In addition, a group of Fortune 500 executives stated that they "value flexibility..., and communication skills" (Terry, 2001, p.1). These executives also related, "Employers' wish lists for new leaders include charisma, the ability to inspire others, the courage to take risks, awareness of one's own strong and weak points, the respect of peers, ethnic diversity, and a zest for continuous learning" (Terry, 2001, p.1).
There are many other traits that earmark a good supervisor; for instance setting a "good example," being efficient, thorough, and dedicated. "Flexibility" is also important. It is necessary to provide employees with "training and feedback." A good supervisor is "consistent and fair." A good supervisor also provides his staff with "recognition for a job well done" (Merit, 1998, p.1).
Several self-made millionaires have attained success as business leaders. John Bogle, founded a company called Vanguard. "His unique ideas about investing helped him create the first index fund, and the world's second-largest mutual funds company." Jake Burton Carpenter founded Burton Snowboards by turning his "passion for snowboarding into a business, jump-starting an industry and an Olympic sport." Scott Cook founded Intuit, the developer of Quicken software. This company was the result trying to make his wife's bill paying experience easier. The result? A $2 billion public company. Donna Dubinsky founded a $241 million company called Handspring. Robert Johnson founded BET Network, the first African American cable network. This venture eventually made Mr. Johnson $3 billion. (Merit, 1998,... [continues]
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