Leadership Failure Assignment Example | Topics and Well Written Essays - 1250 words

Leadership Failure - appointment ExampleMany factors, from a leadership perspective, ask been accounted for Lehman brothers downfall that burst out by the extirpate of 2008. Foremost, the executive leaders of the institution seemed to be unaware of the market complexities that had changed drastically over the last some decades. Leadership can be well executed only if the leaders are proactive with compliance to all aspects of the organic law and changing behaviors of people, customers, market, and shareholders. Kelly and Csorbas (2009) extensive report on leadership gaps at Lehman Brothers understandably identifies reasons for its failure. In short, this report points at factors such as leadership autonomy, inappropriate human resource practices, hierarchy versus authority, personal character and values of leaders, inappropriate decisions with respect to alignment of individual goals and objectives with that of organizations objectives. notification George (2008) of Lehman Brot hers also pointed at the critical decisions made by leadership that focused on short-term financial targets and incentives and deprivation of risk assessment. Incidences of resistance from leadership level towards risk assessment have also been account in the Lehmans history. This not only indicates lack of risk assessment merely also lack of shared leadership concept that is extremely important to run large organizations (OToole, Galbrath & Lawler, 2002). Leaders need to have the courage of taking risks, however, taking uncalculated risks can be the potential threat to the organization at large. investment funds in complex and highly uncertain areas were some of the most critical leadership decisions that changed the plight of the organization and all its stakeholders. Leaders need to develop careful judgment of risks and strategize appropriate risk management practices to keep on the organization when faced with risky situations.In conclusion, leadership is a quality that an individual must possess, but not limited to fulfilling the individuals desires, motives, or goals it is more about taking decisions and doing actions that contribute to the ontogenesis of business through all people associated with the business.