List of Five Hard Skills and Soft Skills That I Need To Master To Become Efficient Leader

Hard Skills and Soft Skills That Need to Master to Become Efficient Leader. Top Five Hard and Soft Skills to become the Future Ready Leader.

Hard Skills and Soft Skills

 Hard Skills

A set of abilities and skills that are quantifiable and tangible. It refers to those skills that we can acquire in different ways such as by reading books, practicing, learning from TV or the internet, and so on.  For example, Computer Programing, driving, cooking, using different kinds of types of machinery.

Soft Skills

Soft skills refer to those skills or abilities that are not tangible but unquantifiable. These skills are one’s personal skill, their specialty. Soft skills cannot be taught, unlike hard skills. These are called people skills.

List of five hard skills that need to master
Bilingual or Multilingual

A leader must know foreign languages to communicate with people or leaders of other nations. It is essential for every leader, from a nation’s prime minister to an organization’s owner or stakeholders. Hence, I want to know this skill to collaborate, cooperate with other people of other countries.

Computer Expert

In the present time of globalization and the internet revolution, being a computer expert is very important. Every leader needs to know how to use a computer. I must have to know this skill for getting information to analyze, market assessment, learning new technologies to security development in every aspect.

Researcher

A researcher enriches the world with new in-depth knowledge, influences people’s Perspectives, come up with new thoughts.  People all over the world get to know his findings and get to learn more.

Time Management

A leader must know to use his time properly. There are a lot of employees in his organization and he is the only responsible person who needs to manage everything. I want to learn managing time properly for making done all tasks on time.

Listener

A leader must have to be a good listener. He can’t just protest or disagree with every statement of his or her employee. A leader should try to listen to everyone’s statement before giving his or her statement. I want to be a good listener.

List of five soft skills that need to master
Communication

A good communicator can deliver his speech clearly. People will not believe your statement without clear speech. I want everyone to believe my words for my effective communication skill.

Flexibility

I need to be flexible in terms of different environments or situations.  I have to be calm to understand the situation before taking action. Angriness is very harmful if you get it when need to make a decision.

Teamwork

Teamwork is an important soft skill that makes a leader to be associated with employees or partners. I need this skill to build up unity to gain the objectives.

Empathy

I want to have empathy skill that helps to understand the emotions of others. I think it is one of the most important skills that will make me able to feel other’s emotions and conditions.

Consistent

A leader should never stop if he or she decides to start. It is very difficult to gain success without consistency. I want to have this skill for being a good leader in the future.

Personally I want to master all these hard and soft skills from now and onward to become a good leader. I think these skills would be quite enough for being a good leader.

Importance and Contribution of Leadership in the Challenging Environment of Post-COVID-19 and V.U.C.A World

Importance & contribution of leadership in post-COVID-19 & V.U.C.A world. Importance & contribution of leadership in the challenging environment of post-COVID-19 and V.U.C.A world. 

Importance & contribution of leadership in post-COVID-19 & V.U.C.A world

Importance of leadership in post-COVID-19 and V.U.C.A world

Leadership is the ability to guide others without force into a direction or decision that leaves them still feeling empowered and accomplished (Gupta, 2009). In an Organization, Leadership is the action of leading people in an organization towards achieving goals (Ross, 2014).

In the challenging environment after COVID-19, an effective leader is essential to put up all things back to the previous situation. After ending this pandemic, every leader of a nation or organization must come up with recovery processes. All we know that the current situation of the world is not the same as it was before. This pandemic made critical situation filled with uncertainty, complexity, and ambiguity. So, a leader will plan to execute all the procedures by motivating people for managing the crucial situation. There is no alternative but an effective leader can fill the gaps to move forward for the development. We have work hand in hand for a better future. Hence, effective leadership is the most important thing to recover from the post-COVID-19 situation.

Contributions of leadership in the challenging environment of post-COVID-19 and V.U.C.A world. 

A country’s or an organization’s recovery, development, and profit certainty all depend on its leadership contributions. There are some basic contributions to the leadership that are very necessary to cope with this challenging environment of post-COVID-19 and V.U.C.A world such as decision making, effective communication, motivation, and determination.

First of all, decision Making is seems a prime step to recover from the VUCA world. A good leader makes new decisions spontaneously through using the information and analyzes the condition situation. He will visualize the whole scenario with his experiences and finally come up with better plans or policies to proceed on.

Secondly, effective communication can accelerate the pace of recovering situation.  An effective leader will communicate with employees, co-workers, and others to develop and redesigning plans. He connects all the people together to work as a team which makes it more efficient to come up with any plan.

In addition, Inspiration and Motivation is another important skill for efficient leadership. The leader will inspire and motivate others to work together effectively. A leader can make new leaders with this admirable quality. He shares his experience, thoughts which encourage others to work for him or work like him. Eventually, it will accelerate the process of planning and its implementation.

Furthermore, Integration and determination skill should have possessed by every effective leader. He can overcome any situation with his integrity, honesty, and a good level of confidence. In the post-pandemic situation, there is too much uncertainty. If there is a lack of confidence and integrity no plans can work.  Therefore a leader with these qualities can help to overcome devastating situations and to achieve success.

Finally, Effective leaders should come up with versatile and strong personality skills. An effective leader will be versatile in terms of decision and policymaking. And, a strong personality includes public speaking, a good listener, a learner, in-depth knowledge, and so on. These characteristics of a leader influence people of a nation or organization to follow him. According to the opinion, these are very good contributions that leaders should possess.

References

Ross, S. (2014). A conceptual model for understanding the process of self-leadership development and action-steps to promote personal leadership development. The Journal of Management Development33(4), 299-323.

Critically Review Enron Scandal: How & Why Enron Corporation Collapses

Critically Review Enron Scandal: How & Why Enron Corporation Collapses. My opinion on how to protect a company from collapse.

Critically Review Enron Scandal

Enron Corporation, an energy company based in Houston, Texas, was involved in one of the most devious economic scandals. The company was also a commodities and services organization that served much of the country. Multitudes of financial results issued by the company have been found to be based on a systemic scheme that can be distilled down to pure accounting fraud.

Enron’s relationship with accounting firm Arthur Anderson had been challenged numerous times. Questionable accounting techniques were brought to light, and many suspected that the stench of fraud was lingering around the business. During the profitable years, Enron’s stock price was above $90 per share. However, the scandal that eventually was revealed toppled the business in an instant by Bottiglieri, Reville, and Grunewald. The stock closed in 2001 at an ultimate low of 26 cents a share. Furthermore, Enron’s inevitable declaration for bankruptcy.

Kenneth Lay, the founder of Enron, promoted the importance of high stock prices above all else. He pushed employees to focus on rising rates of return by trading assets and borrowing more money. An asset free balance sheet meant that new resources could come in and trick the public into thinking that the company was hugely successful. Lay essentially began the craze for high earnings, an obsession that cost his company its life. Ultimately, it was Lay’s role that set in motion the collapse of Enron.

Andy Fastow, Enron’s CFO, was a master at manipulating liabilities. He used a technique common among energy corporations that used special purpose entities to relocate liability away from Enron. He made it so that the stock price per share would continually increase, which allowed it to continually hold a high investment rating. Fastow was the reason that Enron got away with the scandal for so long. He enabled the company to hide behind false information and comfortably take advantage of the system.

Enron, as a company, completely fell apart after the collapse. It was forced to renounce earnings with multiple partnerships such as Chewco Investments and JEDI. The corporation was then required to recover profits back to 1997, which amounted to just $586 million which was just 20% of the estimated earnings. The stock prices dropped to mere pennies and lost all consumer and financial buoyancy. Enron declared bankruptcy shortly after

Enron’s shareholders did not benefit from the greed of the executives. Those that had their pension funds financed in the company lost almost everything. Consequently, the SEC and Congress worked swiftly to begin immediate restructuring to reduce losses like those experienced, in the future. A $40 billion lawsuit followed the collapse, demanding compensation for the shareholders’ worthless stock. The collapse destroyed more than $2 billion in pension plans.

The Enron workers have suffered immensely and in most cases lost all that McLean and Elkind “The Guiltiest” had put in the company. One employee, Charles Prestwood, lost $1.3 million in the Enron collapse. Money entrusted in the company in retirement savings or investments disbanded overnight. The SEC announced after the crash that they would try to regain as much of the missing money as they might through their justice system. Enron employees have fired abruptly without issuing any notice. Employees also need to vacate the company within 30 minutes. So, the company should be aware of the economic situation and the factors of the company’s downfall. We must always monitor and speed constantly.

Enron executives also felt the consequences of the collapse. Paula Rieker was charged with insider trading when she sold just under $1 million worth of shares just a week before the collapse. Skilling was charged with 24 years in prison due to mostly charges of securities fraud. Lay was charged with 45 years in prison but died before the sentence was scheduled. Fastow was sentenced to 10 years in prison with no parole.

My Opinion on Critically Review Enron Scandal

So in my opinion the company should be aware of the economic situation and the factors of the company’s downfall. We must always monitor and speed constantly. Instead of the company’s Enron wasting the struggle to make a loan to support Enron’s business.

The company should try to cover back the share that employees have invested in the company. So no company still bears debt in terms of banks and between employees but often if the share, if the company loses indirectly the person involved or invests with the share also loses. This is because if the employee wants to claim rights, the company has nothing, they want to sue the company is under bankruptcy so no point. From this, the company must take care of management at least issue a notice saying the company can’t cope for the next month, so employees can take time from the issuance of the notice to find a job.

Besides that, is that the ethical choices of corporations need to be more closely monitored. If an organization is left unchecked, it has the ability to abuse the system and do whatever it wants. I believe that due to the Enron collapse people will pay more attention to how corporations operate even if they cannot directly control the ethics of the company. At least in this case there will be significant pressure to do what’s right.

Last but not least, that our group can conclude was organizations can be as ethical or unethical as they want. They will treat their employees, shareholders, partners, and creditors however they want. Sometimes corporations will act in their best short term interest, but there’s also the option to behave properly and look at the long term goals. Risk tolerance can be a good thing, but it is up to the corporation to decide how much risk they are going to take and at what cost are they going to take risks. We can do our best to regulate and criticize, but in the end, it’s their call. We can only hope they do the right things.

Enron Scandal Movie Review The Crooked E: The Unshredded Truth TV Film