The ability of a company's management to make sound decisions and inspire others to perform well. Effective leaders are able to set and achieve challenging goals, to take swift and decisive action even in difficult situations, to outperform their competition, to take calculated risks and to persevere in the face of failure. Strong communication skills, self-confidence, the ability to manage others and a willingness to embrace change also characterize good leaders.
Leadership is often overlooked by investors. This may be because it is tough to place a value on qualitative aspects of a company (leadership being one), compared to quantitative metrics, which are commonly tracked and much easier to compare between companies. Individuals with strong leadership skills in the business world often rise to executive positions such as CEO, COO, CFO, president and chairman.
A successful businessman who has frequently been admired for his leadership skills is Jack Welch, former CEO of General Electric. He eliminated inefficiencies, dramatically increased the value of the company and routinely fired underperforming managers while rewarding the best.
Investment dictionary. Academic. 2012.
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leadership — lead‧er‧ship [ˈliːdəʆɪp ǁ ər ] noun [uncountable] 1. the position of being the leader of a team, organization, country etc: • The company did well under the leadership of its founder, Haruo Suzuki. 2. the qualities needed in order to be a good… … Financial and business terms
leadership — [ lidɶrʃip ] n. m. • 1875; mot angl. , de leader ♦ Anglic. Fonction, position de leader. ⇒ commandement, direction. ♢ Par ext. Position dominante. Le leadership d une nation, d une entreprise, d une théorie. Perdre son leadership. ⇒ hégémonie. ●… … Encyclopédie Universelle
Leadership — Lead er*ship, n. 1. The office, position or function of a leader; as, Gingrich held the House leadership for six years. [1913 Webster] 2. The quality of character and personality giving a person the ability to gain the confidence of and lead… … The Collaborative International Dictionary of English
leadership — The established meanings ‘the position of a leader’ and ‘the ability to lead’ have been joined in the 20c by the meaning ‘group of leaders’: • A dinner for the heads of the Senate Committees and the Leadership on both sides and their wives Mrs L … Modern English usage
leadership — LÍDER ŞIP/ s. m. funcţie, poziţie de lider. (< engl. leadership) Trimis de raduborza, 15.09.2007. Sursa: MDN … Dicționar Român
leadership — I noun ascendancy, authority, captaincy, chieftainship, direction, directorate, directorship, domination, first place, generalship, governorship, guidance, influence, legal power, management, mastery, paramountcy, potency, primacy, predominance,… … Law dictionary
leadership — / li:dəʃip/, it. / liderʃip/ s. ingl. [comp. di leader capo, guida e ship, terminazione che esprime condizione, ufficio e sim.], usato in ital. al femm. 1. (giorn., polit.) [funzione e attività di guida, anche carismatica, di un gruppo o un… … Enciclopedia Italiana
leadership — 1821, position of a leader, from LEADER (Cf. leader) + SHIP (Cf. ship). Sense extended by late 19c. to characteristics necessary to be a leader … Etymology dictionary
leadership — /ˈliderʃip, ingl. ˈliːdəʃɪp/ [vc. ingl., comp. di leader «capo, guida» e il suff. di qualità ship] s. f. inv. preminenza, guida, egemonia, controllo … Sinonimi e Contrari. Terza edizione
leadership — [n] guidance administration, authority, capacity, command, conduction, control, conveyance, direction, directorship, domination, foresight, hegemony, influence, initiative, management, pilotage, power, preeminence, primacy, skill, superintendency … New thesaurus
leadership — [lē′dərship΄] n. 1. the position or guidance of a leader 2. the ability to lead 3. the leaders of a group … English World dictionary