Business Is What Drives Our Economy And Is Common In Our

1358 WordsApr 20, 20176 Pages
Business is what drives our economy and is common in our everyday lives. Running a great business takes a lot of work and is challenging for many companies. As a result, 9 out of 10 start up companies fail, and faulty leadership has an essential role in these failures. Strong leadership in a business can yield positive changes. A good leader communicates well with one 's employees and mobilizes the company in a forward direction, known as the hedgehog concept. It is essential to have a leader who listens, is team oriented and works well with employees in order for a business to flourish. One of the books we read, titled Good to Great by Jim Collins focused on how proper leadership pushes a company forward. Good to Great leaders use the…show more content…
It’s not that Level 5 leaders have no ego or self-interest. Indeed, they are incredibly ambitious-but their ambition is first and foremost for the institution, not themselves” (Collins 21). More companies need to have the mindset of a level 5 leader, in order to prosper. Level 5 leaders care about the company as a whole, and they listen to what their employees have to say. These leaders give authority to people and credit to the people who do the work. Managers and leaders rely on the productivity of all employees to be successful. Treating other people the way you want to be treated is how people should operate a business. Rewarding good behavior provides an incentive for an employee to be more productive. Lastly, Collins discussed the hedgehog concept. This concept states that if you cannot be the best in the world at something, it isn’t for you. I can relate to this concept based on a recent experience at Hobart and William Smith Colleges. I was enrolled in Intro To Computer Science the first semester of freshman year. I thought it would be an interesting class, but I was wrong. In my opinion typing code on a computer isn’t interesting. Furthermore, it was extremely challenging, and the professor went at a rate too fast for me, since I had no previous computer science classes under my belt. I was a regular at the drop in hours for help, but it was not sufficient. The teaching fellows
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