INTRODUCTION:

The four elementary factors affecting any business are its land, labor, capital, and entrepreneur. But there is another factor that has a direct impact on the success of any business i.e. its leadership. An organization operating without a leader is like an army without its generals. It is of vital importance to any organization that they have a management who ponders upon the goals and set targets that the organization dreams to achieve. In business, it is important to work with a strategy. Leaders come into play when an organization needs to frame new strategies as well as encouraging and motivating its employees for its sole purpose.Strong leaders can help their organizations by implementing such strategies that can maximize its productivity and profit and minimize the cost. On the other hand, a weak leadership can become the cause of huge losses to an organization.

This report discusses the importance of leadership for the growth of a business by exploring the two types of leaders present in the market, innovative leaders and reactive leaders. Further, it elaborates the traits and characteristics of both types of leaders, their advantages and disadvantages to a business and by examining their styles conclude which leadership approach is more practical and proficient. (Ingram, 2017)

LEADERS:

It is an established fact that without a leader it is like boat trying to sail to the other side of the river without a captain operating it. Some of the important characteristics that can be seen in a leader are as follows:

Innovative And Reactive Leadership Harvard Case Solution & Analysis
• Character
• Good communication
• Optimistic Nature
• Direction
• Sense of Responsibility
• Vision

1.      Character:

The most important trait of a leader is its character. A leader should be a role model to all of his employees. It is important to an organization and its leader that the staff looks up to him for the direction and is willing to take his guidance and follow him under any circumstances.

2.      Good Communication:

Likewise, if an organization wants to achieve the set goals and meet all of its targets, it is important for the leader to communicate with all of its employees. A leader must have the skill of clear communication. Only through communication, a leader can deliver whatever the tasks of its employees are. The employees can only produce the best results if they are clear about the vision and goals of the organization.

3.      Optimistic Nature:

The best leaders give positive vibes and become the source of positive energy themselves. An organization would struggle if the environment of the workplace is not good. A leader does not have a personal rivalry with any of its employees and criticizes only to bring improvement. To achieve the goals it is important to consider all of the available options and a good leader is always hopeful and on a lookout for a better opportunity.

4.      Direction:

A leader directs an organization towards success. To meet the set goals, the leader formulates a strategy and give directions to its employees. By examining all the opportunities available and then to illustrate which is best for the organization and to take the right steps to make the most out of them is an important characteristic of a good leader. (Pirouz, 2015)..................

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