This report delves into the charismatic leadership theory, highlighting the characteristics of charismatic leaders such as being visionary, articulate, sensitive, risk-takers, and creative. It examines how these qualities enable leaders to effectively lead teams and achieve organizational goals. The report further discusses the challenges faced by contemporary leaders in the global business environment, including developing managerial effectiveness, inspiring others, developing employees, and guiding change. It concludes that charismatic leadership provides a framework for overcoming these challenges through effective communication, motivation, and a willingness to embrace innovation and change. The report references several academic sources to support its analysis, offering a comprehensive overview of charismatic leadership and its relevance in today's globalized world. Desklib offers a range of solved assignments and past papers for students.
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