What is Leadership? Leadership turns potential into reality. Leadership acts as a catalyst that makes all the other elements work together; without leadership, all other company resources lie idle. Savvy business leaders are attuned to the needs and problems of their subordinates and keep abreast of new developments in leadership theory and methodology to maximize their effectiveness. Importance of Leadership Good leadership is essential to business, government, and the many groups and organizations that shape how we live, work, and play. Leadership is an important factor in the success of an organization. The importance of leadership in management cannot be underestimated. To get people to get things done, management must provide leadership within the organization. Teamwork is essential to achieve organizational goals. Managers must influence the team to get work done through leadership. Secondly, leadership helps authority. There are limits to the use of authority to achieve high performance among subordinates. Authority alone cannot generate a ...