We would like to express our gratitude to Dr. Papori Baruah, Associate Professor, Department of Business Administration, School of
Management Sciences, Tezpur University, for providing us the opportunity, to do a case study on Muhammad Yunus and his leadership skills. The study enabled us to discover different styles of leadership that he applied, which led him from being an Economics lecturer of Chittagong University to a world renowned economist and a Nobel laureate.
Dipankar Das Himangshu Pathak Partha Jyoti Borthakur
This is a project report on Leadership Skills of a successful Leader, which in our case is Muhammad Yunus. Muhammad Yunus is an economist and the founder of Grameen Bank. He developed the concept of Microfinance and Microcredit which has been now accepted worldwide. This project highlights the leadership skills of Muhammad Yunus, which led him, pave the way out for millions of poor people and realise their dream with his concept of Microfinance and establishment of Grameen Bank.
INDEX 1. Introduction (Definition and Concept) 2. Importance of Leadership 3. Muhammad Yunus(Profile, Awards and Accolades) 4. Muhammad Yunus - the pioneer, the leader 5. Muhammad Yunus- a visionary leader 6. Conclusion 7. Bibliography 5 6 8 9 10 14 15
DefinitionKoontz defined leadership as, “The art or process of influencing people so that they will strive willingly and enthusiastically towards the achievement of group goals.”
The Concept of LeadershipManagers are people who do things right, while leaders are people who do the right thing at the right moment. Leadership is all about courage to dream big. Leadership is a complex process by which a person influences others to accomplish a mission, task, or objective and directs the organization in a way that makes it more cohesive and coherent. Leadership makes people want to achieve high goals and objectives, while, on the other hand, bosses tell people to accomplish a task objective. Though leadership is considered to be a good quality in an individual, leadership skills can also be perverted to pursue bad ends.
Importance of LeadershipLeadership is a very important quality in a person which makes people follow his lead. The following viewpoints make leadership an essential quality: 1.Initiates action: A leader communicates the policies and plans to the subordinates from where the work actually starts. He has to initiate an action and formulate a line of action which the followers can follow to accomplish the given goals. 2. Motivation: A leader has to motivate his followers. Motivation is a factor which, if used properly gets the work done. There are various ways in which a leader can motivate his followers. A leader motivates his employees/followers with economic or non-economic rewards so that the motivation factor comes into play. 3. Providing guidance: A leader guides by instructing the subordinates the way they have to perform that work effectively and efficiently. He should guide his followers whenever needed. He should act as a friend, a philosopher and a guide to the people who follows him. 4. Creating confidence: Confidence is an important factor which can be achieved through expressing the work efforts to the subordinates, explaining them clearly the role and giving them guidelines to achieve the goals efficiently. Also, it is very important to listen to the complaints, problems and clarifications from the followers. 6
5. Building morale: A leader should be a morale booster to his employees or followers. He should frequently boost their morale and build their confidence by recognizing their hard work and rewarding them...