Assignment of C3

Name: Jeiningstar Kharwar

Course: M.com 4th semester

Enrollment No:18FMPCMSDO3037

Subject: Leadership Skills & Change Management.

Q. Discuss the 5 components for shaping great stories that build Leadership.

Ans: The 5 components for shaping great stories that build Leadership are as
follows:

1. Ability to delegate tasks:

Often, leaders are perfectionists: they have a particular vision and they want to drive their staff,
and their company, to reach that vision. However, this means that sometimes they prefer to do
work by themselves, rather than sharing the burden with others. But in reality, everyone could
use a helping hand, and the most effective managers and leaders are those that recognise that
they too are human. By delegating tasks to others, the workload is shared and team spirit
thrives. Though there is one caveat: the right task must be assigned to the right person, so that
it can be completed correctly, effectively, and in a timely manner.

2. Excellent communication:
An effective leader is one who communicates well across a variety of different media – email,
telephone, and face-to-face. Staff need to be able to grasp the purpose, the directions, and the
end goal of any project in order for it to be completed successfully. Without excellent
communication skills, managers will have an extremely difficult time establishing and
maintaining a productive work environment. Leaders can attend events in their community to
enhance their communication skills. These events allow them insight into issues that affect
them at management level, a chance to discuss these topics with their peers, as well as
prospects for personal education and development, and valuable networking opportunities.
3. Confidence:

Leaders are expected to be the company's backbone by being strong and confident. Managers
are expected to support and carry an organisation through both the good times and the bad,
while still displaying an assertive and positive demeanour. If an enterprise's leader continues to
display confidence despite difficulties, employees will continue to feel comfortable and secure,
and the work atmosphere will remain calm and motivated.

4. Honesty :
An extremely integral aspect of effective leadership is honesty. When a leader makes a
statement or takes a particular decision, all team members must be able to believe that the
leader will follow through and keep his or her word. If staff feel that their leader is dishonest –
without due explanation – an environment of distrust is fostered; this can lead to high
employee turnover, and further problems and expense for the organisation.

5. Creativity:
Though we all strive to hit targets, sometimes things do not go as planned. Unexpected events
occur that require adjustments to be made to previous decisions that were made, or current
plans of action. At these times, leaders must be able to step up to the plate quickly, and think
creatively to come up with stable solutions, as staff turn to them for support and guidance.

When implemented, these qualities improve in-house communication, employee morale, and
strengthen company culture. And just as a tribe flocks to support its chief, so do employees to
an effective manager – thereby strengthening the enterprise as a whole.