Essay On Leadership In Business

According to the viewpoint of Kugler & Arbetman, (2018) Leaders do not take risk seriously despite global instability to support people and maintain economic stability in the country.  However, the growth and political stability are interconnected and the uncertainty associated with the unstable political environment may reduce the investment as well as pace of economic growth of the country. Due to instability and rising inflation may lead to government collapse and political unrest. It has been identified that, countries having democratic government, leaders like to avoid taking risk as compared to monarchy (Galston, 2018). Proper thinking and approach are important for the leader to gain support of people in the country. Leaders around the world avoid taking risk as to maintain stability and gain popularity of the party among its people. Through this approach, leaders have opportunity to re-elected and maintain better approach. If the leader does not take risk, it become easy for its regime to increase investment which help in offering stability.

 

In the view point of Beardsworth, (2018) Most of the decision taken by the representative based upon the situation and choices like global instability tends to increase the popularity of the leader. Although, decision making is crucial in the politics as they are known for their risk-taking ability. For example, George Washington crossing the Delaware or Shinzo Abe resisting the Japan nuclear power plant after Fukushima meltdown. However, the political elites make decision for the development and growth of its people nation and avoiding risk become important. Due to Covid- 19 global instability have increased as most the countries like Pakistan and Sri Lanka are facing inflation (Tisdell, 2020). Looking at the situation, most of the leaders do not take risk and avoid future risk. Vietnam for example, is controlled by the ruling party and its economic is most volatile is Asia.

 

As per Crawford et al., (2020) Leaders avoid risk as this impact overall image of the respective party and it can rule out by its people in future elections. There is different factor to avoid risk to maintain constant growth, rule and proper this is important to support people. The stable government leads to higher economic growth and prosperity. In order to understand the psychology behind the leaders avoiding risk despite instability is to study the behavioural theory. This allows to have in-depth information about the political leaders thinking process and the factors and how they take decision. For the representative making decision for the country is difficult as there are different which need to consider like party member constant, economic condition and other approach. The behaviour theory will help in understanding the political mindset why leaders do not take risk.

 

The cognitive behaviour of the leader revolves around three main factor which are personal, behaviour and Environmental Influences. The leader of the respective country take decision by following all these aspects to ensure to avoid risk. The decision making for the leader is lengthy process as it is vital to provide better outcomes and solution with the objective to maintain political stability. The war between Russia and Ukraine has the impact at the global level as government around the world are taking effective approach to avoid inflation. For example, Joe Biden is not taking any risk by avoiding taking action against Russia as it will impact on the country economic activity. Most of the resources like Oil and gas comes from Russia and taking any step will increase the inflation in the country.

 

This is essential for the government to make sure to concern with the experts before taking decision which impact on the country’s economic instability. The theory explains about the individual behaviour and how they make decision based upon the culture values and norms. It is the key cognitive where self-efficacy is important variable of the political leaders. Soon after the Russia and Ukraine war America put sanction in the country as this impact Russian economic. Some countries like India and China seek opportunity and buy discount oil from the country. Such decision taken by the leaders to avoid any kind of inflation in their respective country. This indicates the cognitive behaviour of the leaders and take decision which allow constant economic growth. However, pandemic have impact at international level and people have suffer losses. In this situation political leaders are taking decision which are important for betterment of society and avoiding risk and uncertainty. Countries like Canada, Denmark and New Zealand are most stable countries as the leaders of these countries avoid taking risk and focusing to improve the economic activities of the country (Wilson, 2020). While leadership is often depicted as an existing and glamours endeavour taking important decision is vital to retain in the power.

 

There is psychological reason where the leaders avoid taking political risk as any bad decision will affect the government image. Hence, it is crucial to make decision which are important for country and ensure to have better approach towards growth and development (Weiss, 2019). It also depends upon the individual leader capability and strong approach which allow to make decision for its people. Political risk totally depend upon leader approach and how strategic steps are taken maintain economic stability. The representative of make elites decision which help in improving overall objective which benefits society. On the hand, political leaders clearly understand their roles and responsibility as to maintain peace and stability in the country.

 

Beardsworth, R. (2018). Our political moment: Political responsibility and leadership in a globalized, fragmented age. International Relations, 32(4), 391-409.

 

 

Crawford, J. A., Dawkins, S., Martin, A., & Lewis, G. (2020). Putting the leader back into authentic leadership: Reconceptualising and rethinking leaders. Australian Journal of Management, 45(1), 114-133.

 

 

Galston, W. A. (2018). The populist challenge to liberal democracy. Journal of Democracy, 29(2), 5-19.

 

 

Kugler, J., & Arbetman, M. (2018). Relative political capacity: Political extraction and political reach. In Political capacity and economic behavior (pp. 11-45). Routledge.

 

 

Tisdell, C. A. (2020). Economic, social and political issues raised by the COVID-19 pandemic. Economic analysis and policy, 68, 17-28.

 

 

Weiss, J. C. (2019). A world safe for autocracy: China's rise and the future of global politics. Foreign Aff., 98, 92.

 

 

Wilson, S. (2020). Pandemic leadership: Lessons from New Zealand’s approach to COVID-19. Leadership, 16(3), 279-293.