Importance Of Leadership in Organisations

INTRODUCTION
There is explicit connection between management and leadership quality and economic performance - the link between the two should be tracked over time in order to achieve continuous progress.
An effective organizational leadership accounts for most of the success stories of business firms and companies worldwide. Much of a company’s success or failure rests on the kind of management capability and strategy that a company employs. However, an alarming report by the Council for Excellence in Management and Leadership found out that, “supply of and demand for management and leadership capability in the UK finds that current management and business leadership development is "a dysfunctional system", and that the UK's economic performance is being held back by a shortage of appropriate and practical leadership skills” (Council for Excellence in Management & Leadership).
The report is the culmination of two years of wide-ranging consultation and analysis across the UK's...