Business Challenges and Leadership Development By Milemm Madinah
Economic activities were not that complex and intricate as they are now, in the modern age of information technology and globalization. Challenges are growing. Competition is high. Since the present-day world is a free world, the days of imperialism are bygone, it is not possible for companies in trade and commerce to force their subjects: people of conquered lands, to buy the stuff from their masters by hook or by crook, you have no hope to force out your economic rivals by defeating them in the battle field, so, the companies in the era of free
economy have to seek new and attractive ways to catch the attention of their potential customers and to defeat their rivals. That company wins the competitions which, in addition to hard work, think out innovative ways and techniques to sell its products and services more than the others. The executives of the business companies are facing great deal of challenges in leading their companies through the great competition. He must possess the great qualities of leadership and management to come successful. An executive is a leader of the
business company. He is the brain, and the managers, offices and workers under him are his limbs whom he has to use to achieve his targets. To be well aware of the abilities and capabilities of the working hierarchy: managers, officers, workers, working under him, are the prerequisite of a good leadership and management quality. An executive must hold finer administrative skills for the better management of the company or the organization he is working for. An executive should have a direct relation with his working hierarchy under him at every level,
GetRuralLeaderMag.com | NOVEMBER 2016 11
