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Leadership

Leadership has been described as the “process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task”. Definitions inclusive of nature of leadership have also emerged. Alan Keith of Genentech states that, "Leadership is ultimately about creating a way for people to contribute to making something extraordinary happen." According to Ken "SKC" Ogbonnia, "effective leadership is the ability to successfully integrate and maximize available resources within the internal and external environment for the attainment of organizational or societal goals." Leadership is "organizing a group of people to achieve a common goal."

Intelligent Risk Taking
Risk taking is an integral part of business and life, but so few people know how to manage it properly. The word risk has a slightly negative connotation to it — it implies danger, tension, and possible loss. But risk also has a positive side, the chance of hitting a big win, of getting more on the back side than you invest on the front side. The most intelligent risks are those where the potential downside is limited, but the potential upside is virtually unlimited. Those are the risks you should jump to take.

Decision making
can be regarded as the mental processes (cognitive process) resulting in the selection of a course of action among several alternative scenarios. Every decision making process produces a final choice. The output can be an action or an opinion of choice. 1. Decision making is the study of identifying and choosing alternatives based on the values and preferences of the decision maker. Making a decision implies that there are alternative choices to be considered, and in such a case we want not only to identify as many of these alternatives as possible but to choose the one that (1) has the highest probability of success or effectiveness and (2) best fits with our goals, desires, lifestyle, values, and so on. 2. Decision making is the process of sufficiently reducing uncertainty and doubt about alternatives to allow a reasonable choice to be made from among them. This definition stresses the information-gathering function of decision making. It should be noted here that uncertainty is reduced rather than eliminated. Very few decisions are

you do not have a decision. A business plan is a formal statement of a set of business goals.made with absolute certainty because complete knowledge about all the alternatives is seldom possible. Thus. tax-payer. Business plans may also target changes in perception and branding by the customer. the reasons why they are believed attainable. When the existing business is to assume a major change or when planning a new venture . It may also contain background information about the organization or team attempting to reach those goals. If there is no uncertainty. every decision involves a certain amount of risk. and the plan for reaching those goals.a 3 to 5 year business plan is essential. client. or larger community. you have an algorithm--a set of steps or a recipe that is followed to bring about a fixed result. .