Leadership in Business Essay Example | Topics and Well Written Essays - 1500 words

Leadership in Business - Essay Example According to the research findings, it can, therefore, be said that the high competition in the business world nowadays needs competitive business leaders who will manage to organize their business organizations to achieve their goals. Business leaders need several characteristics in order to achieve their goals. Risk taking is doing something hoping for any outcome, be it good or bad. Any competitive business leader must be ready to take risks. Starting a business involves depositing money or capital where you are not certain whether you will get profit or not. It involves one asking themselves many questions like, â€Å"should I start a business, or should I not?†, â€Å"Should I employ new workers or not?† and many others. Those people who take risks in business will emerge successful, given the high competition in the business world. A business leader who fears to take risks cannot succeed in business because they will fear to get to losses. A good example of an ent repreneur is Amazon’s CEO, Jeff Bezos. Amazon is an organization that deals with the internet business. The CEO says it is good to take risks to manage a business, but it is also good to reduce the risks as the business grows. He says he had to think whether to build Amazon or continue with his previous job on Wall Street. He risked leaving his job to start Amazon, but he succeeded in his online business. Therefore taking risks is always important for success in a business. Another successful business leader, Sir Richard Branson, CEO of Virgin Group (A group of companies in the United States), says, â€Å"Great success does not come without taking risks†. The most important thing is taking the right risks.