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Which Leadership Qualities Are Necessary to Generate Organisational Success in Today’s Economy? (Report Date: January 2003, Full Report: 19 pages) Summary This report identifies the leadership qualities and abilities that are conducive to organisational success in the current business environment, and describes in what way these qualities contribute towards the bottom line results of an organisation. There is a strong link between effective leadership and superior business performance. Leadership skills are a major determinant of business success and companies need to be aware of that fact if they want to retain their competitive advantage in the market. A recent benchmarking study found that leadership skills, leadership development programmes, and selection and placement decisions have a significant impact on the bottom-line figures of an organisation, including revenue growth, productivity, profitability and market value. Unfortunately, it seems that many company leaders lack the necessary skills to ensure continuous success for their company. It has been estimated that around 40% of new managers fail within their first 18 months on the job. To complicate matters further, the world economic downturn, the September 11 attacks in the United States, and the current war against terrorism have given rise to an increasingly uncertain business environment which challenges traditional leadership models. Leaders may therefore need to let go of old assumptions and make room for new ways of doing things. This report identifies the main leadership qualities and abilities that are necessary to guide a company towards superior business performance in today’s rapidly-changing business climate.
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