Can poor leadership and managerial qualities lead to bankruptcy.

[CALVINDOL]

There is absolutely no much difference between leadership and management of a business and in fact everything that leadership means totally also refers to what management itself stands for. It is absolutely possible for a business to go bankrupt if the business managers and owners fail to exhibit good and effective leadership skills. Some of this leadership skills mandatory for all business owners to exhibit which could one way or the other lead to their business success and prosperity include: understanding, approachable, and being realistic. There are more to this, but the ones listed above are considered to be the most important. A business owner is 100% expected to be understanding especially towards his or her employees and workers. And understanding manager or business employer will be able to assign task and responsibilities to his employees and workers not beyond their capability and ability but rather according to their ability and what they can possibly do.

Although being industrious and hard-working is also one important quality that should be exhibited by business managers, but being approachable and realistic also counts. And approachable and also a realistic business manager is always sincere and honest and the fact that he or she is approachable and realistic, and not rude or cruel makes his or her employees and workers feel at home around him or her, it also makes his business employees and workers experience satisfaction and comfortability while carrying out their organisational day-to-day responsibilities and duties.

 

[Mastergp]

Yes it can lead to bankruptcy because if the heads are weak in expressing power the other part would also lose focus, so in a firm or business organization the managerial position should be able to express power.

Leadership position is very important in a business and without this group a business might not move smoothly, in many business around our environment have shot down because those managing those business are not able control the excesses of that business that is why they were not able to run the business successfully.

Before appointing someone to the position of a manager one must be able to understand what that position involve and also know how to relate with his workers so as to create a teamwork, and he or she must understand and have qualifications that prove that he or she can carry out this task.

 

[Muhammad Sadisu Ahmad]

YES! Poor leadership and managerial qualities can lead to bankruptcy. The success of any business organisation lies upon the leader of that particular organisation. Leadership is everything in an organisation. The issues of poor leadership and managerial qualities were stem from the following.
1.lack of education: A leader must be educative to be able to lead people and make a business organisation to be tenable. If a leader is not educative, will not be able to manage a business organisation and that may lead to bankruptcy.
2.Tolerance: poor leadership can lead to intolerance. A good leader must have some degree of tolerance to be able to understand the people working under him/her in other to get best out of them and to be protected from bankruptcy. As such if there's intolerance in the leadership, bankruptcy may result.
3. Skill and experience: lack of skill and experience can lead to poor leadership and poor leadership lead to bankruptcy. Because poor skill means leader lack some techniques that can lead to the progress of a business organisation.