The role of leadership in economic development has been the subject of much debate. Some researchers think that it may have some impact, while others discount it as a possibility. However, this phenomenon is a fact of life. Organizations can either be led by capable leaders or they can be led by poorly performing ones. A poor performance from an organization's leadership often results in poor economic performance.
Whether leadership is a positive or negative influence in economic growth depends on various other factors. In a developing country, the quality of leadership can vary enormously. Leaders from poor communities can have a far different impact on overall economic development than those from wealthy nations. Leaders from developed countries typically excel at leadership when it comes to handling resource allocation and managing time and money effectively.
Leadership may also differ depending on the type of organization. For example, an organization may be led by a strong manager who is highly skilled at leading teams. Such an individual may be in charge of one of the most important aspects of the organization – human resources. This manager may not have the ability to deal with a large number of employees who are not her employees. In such an organization, a comprehensive development program focused on human resources would certainly be a worthwhile investment.
In addition, leaders may lack the skills necessary to implement changes. Even if the organization is well run, it may be difficult for the leader to get things accomplished without outside help. The best way to ensure that an organization gets the growth it needs is to carefully evaluate all possible ways of improving performance.
Leadership can also play a role in economic development through the implementation of a development strategy. There are many organizations which have developed special development strategies in order to ensure that the lives of people living in poverty are improved. These strategies typically address nutrition and health care, as well as employment training. These strategies are often the result of extensive research, and there are a number of credible organizations which have been developing such strategies for decades.
However, there are many problems associated with the development of development strategies. For starters, it is expensive to develop such plans. Additionally, development strategies can often fail to benefit those in poverty, simply because they are targeted at those who are affluent. This leads to inefficiency and a loss of opportunity for those at the lower end of the income scale. It is often difficult for organizations to change the patterns of distribution, especially when new strategies need to be implemented to address problems at the lower end.
Perhaps the most important thing that organizations can do to address poverty is to develop comprehensive development programs. Such programs must address aspects such as nutrition, employment training, work incentives, and other aspects of development which are directly relevant to the lives of the poor. Development programs are often designed and taught by people who have experience in dealing with people in the poor. Thus, the results that they come up with will be more likely to benefit the poor. These people will also know how to prioritize the development programs and where they need to concentrate most.
Although it is . . . . . . true that effective leadership is necessary for economic development, it is also important to recognize that a lot of factors affect leadership style and performance. No matter how good an organizer or leader may be, he or she cannot be expected to lead a group of people successfully if the group lacks a sense of solidarity. There needs to be a willingness to try new approaches, to try things that are not working, and to implement the most appropriate changes. Organizers and leaders need to understand that their behavior and actions have enormous consequences. If an organizer or a leader does not have an adequate understanding of how social situations and individual responses interlock, then effective economic development are unlikely to occur.