The Importance Of Good Leadership An Organization And...

Figure 1: Components of the Character of Good Leadership (Source: Peterson Seligman, 2004) Importance of Good Character Leaders with good character are vital for build organizations that are socially responsible. Character also plays important role in determining the ethical management of an organization and responsible decision making. A leader with good character can touch the hearts of workforce (Peterson Seligman, 2004). On the other hand, the leaders lacking good character generate chaos and promote despair among the workforce due to their unethical management and irresponsible decision making. In order to avoid outcomes like despair and chaos, it is crucial that leadership in business organizations realizes the significance of†¦show more content†¦The essential nature of this attribute cannot be underestimated. It is the building block of corporate social responsibility, good citizenship and ethical decision making. Integrity bestows inner strength and enables the leaders to play positive role and make difficult decisions to the common good (Wright Goodstein, 2007). The strategies, po licies and steps based on integrity rather than the decisions based on political measures are reported to be more beneficial and defensible as far as organizational outcomes are concerned. Wisdom and its role in good leadership Wisdom is another key attribute of character in leadership. It refers to the ability of a leader to utilize his/her experience and knowledge of the market to make decisions and judgments (Neubert et al., 2009). It is the wisdom that allows leadership to exercise its power and authority in pursuit of applying and implementing certain strategies. It brings the leadership to identify opportunities and think creatively to avail them. A leader with wisdom is open to variety of perspectives and mastering innovative business models. It enables systematic thinking in complex business situations and communicates without any ambiguity. The leaders with wisdom are capable of understanding the big picture and make decisions accordingly (Sonenshein, 2007). For instance, it was the wisdom that helped leadership in oil and gas industry to acknowledge the effects of this industry on environment leading to the