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Efficient and Dynamic Management and Leadership
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- A.10 Qualities of a Good Businessman
| Efficient and Dynamic Management and Leadership: The success of any business hinges on the capability, hard work, dedication and commitment of top management. A dynamic and upright management sees opportunities before they are evident to the public. They manage the resources of the organisation in the best form feasible. A.10 Qualities of a Good Businessman The management of any business concern should possess the following broad qualities in order to succeed in its effort to drive the organisation to realise its objectives. ii Ideology:i As a businessman, you must be able to have an ideology that places the interest of the customer in a prime place in whatever the company does. Any businessman that imbibed the ideology where the customer is taken to be the reason for the existence of the company and where the customer is seen as the 13 master in the company, all things being equal, the businessman is bound to succeed. iii Foresight:i Any businessman that will succeed must have foresight. He must be able to predict the future with high degree of accuracy. He must be able to anticipate the challenges of tomorrow and workout the strategies of confronting these challenges. iii) Initiative and Ability to take Prompt Decisions: Generating new ideas is fundamental to business success and ability on the part of the management to take decisive decisions as at when right is paramount to business success. The intense competition in the business world today, makes it expedient on management to be innovative and demonstrate the right initiative at all times and be able to take the right decisions as at when right. iv) Business Morality: To be able to run a successful business that is sustainable and growth inclined, one need to do business with the highest level of ethics and morality. Do business with the fear of God and diligence. Be less interested in business that affects ones reputation negatively. Run business with the highest level of honesty, dependability, sincerity and business ethics. vi Firmness and Courage: Success in business demands firmness, perseverance, steadfastness, courage, conviction, undisturbed focus, dedication, commitment to corporate goals. Success in business should not be discouraged by initial setback, but rather, be propelled to strive for ways and means of surmounting these initial trying periods. vii Personal Qualities: There are some personal qualities that successful businessman must possess. Some of these are self-confidence, good leadership qualities, originality, future-oriented, task-oriented, good time managers, etc. Download 3.37 Mb. Share with your friends:
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