Discuss the qualities of effective business leaders. Reference at Research Paper

Discuss the qualities of effective business leaders. Reference at least two business leaders . What methods do they use to create a culture of motivation and high performance - Research Paper Example They should have the ability to influence their subordinates in a positive manner with the aim that they are motivated to perform much better. A democratic working style is much better than an authoritarian working style for the leader. A leader with a democratic outlook will strive towards the betterment of the organization rather than his personal benefits. Effective business leaders are usually self-starters and they themselves always strive to improve their performance. They make themselves always available in their organization (Harvard Business School, â€Å"Becoming an effective leader†). Leaders should be visionaries and they should have the capability to articulate their vision to their employees. They should have good communication skills; they should be willing to take risks and always should have the willingness to learn (Holbeche, L., â€Å"Motivating People in Lean Organizations†). Bill Gates has been described many a times as a fierce competitor but no one can deny the fact that he is a great visionary who has always been a step ahead of his times. Microsoft has certain practices that contribute in motivating their employees. The product designers of Microsoft work in small teams. They are provided assignments that are challenging and they are also given recognition for their work. Performance assessment is carried out twice a year in Microsoft. Certain performance objectives are set and employees may compare themselves against those objectives. These self-evaluations are rated by their managers. The rating ranges from exceptional to a very low level. The low level of performance means that it is not matching up to a certain minimum standard. The good performance is rewarded by increase in salary. Bill Gates personally visits those employees who have performed exceedingly well and they are honored for their achievement. The employees are awarded by giving sha res of the company to