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Answer Briefly the Following Questions: Define Leadership. - Business Studies

Definition
Short Note

Answer briefly the following questions:

Define Leadership.

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Solution

Leadership is the art of motivating a group of people to act towards achieving a common goal. In business, this can mean directing workers and colleagues with a strategy to meet the company’s needs. Esteem: Esteem is often used as a reward. An esteem reward maybe a promotion or a ‘lifelong achievement’ award. Although money is useful, beyond a reasonable salary, many people are not strongly influenced by cash incentives. Esteem often acts as an intrinsic reward and thus can be far more powerful than extrinsic rewards such as bonus payments or loyalty card points. Esteem as a reward:(iii) Esteemed needs are: Status, power, confidence, self-esteem, achievement, respect, etc.
Status: When a person has status, they are widely recognized and are effectively given social power through the influence that is gained. The status may be gained through basic admiration from others. It is also gained by position. such as when a person gets promoted within an organization.

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