Tuesday, October 29, 2019
Reflections on World's Leadership Research Paper - 3
Reflections on World's Leadership - Research Paper Example Prince Alwaleed bin Talal best known as one of the world's value investor. ââ¬Å"Alwaleedââ¬â¢s Kingdom Holding Company, where he posses at least 95%, trading on the famous Saudi stock exchange, in addition he owns stakes in several hotel management companies the famous four Seasons Hotels & Resorts, moreover he has a stake in Savoy Hotel in Londonâ⬠(Lazaridis, 211). ââ¬Å"Kingdom investment has billions of dollars of the U.S. and international equities, as well as shares of News Corp and Citigroupâ⬠(Myers, 21). ââ¬Å"During the year 2012 he and the Kingdom investment purchased an approximated 3% stake in the social media Twitter through the secondary market for whopping $400 million. The same year February, Kingdom investments invested around $136 million in fast growing Chinese e-commerce company. In addition to other known investment he Prince posses far-reaching real estate plus other assets exterior of the Kingdom Holdingâ⬠(Khan, 65). He is perhaps well i dentified internationally as the controlling shareholder of the Kingdom Holdings Company and the chairman, of the worldââ¬â¢s most significant investment company. All through Middle East he is renowned as the proprietor of the Rotana, which is the Arab worldââ¬â¢s largest leisure company. ... ifically directed towards supporting global cultural understanding, community development projects in Saudi Arabia, all around the world and Lebanon, women empowerment and disaster recovery. Key leadership qualities which drives me into considering him as a good leader in business According to (McGreevy, 209), ââ¬Å"An Interview with HRH, Prince says that A successful businessman has to have an ultimate plan and a well stated objectives, in conjunction to a well defined mission statementâ⬠, he goes ahead to say that the leader has to have an audacity to make decisions which most of the time might not be emulated by others in the short run. He goes ahead to say that as a leader and sometimes he made decisions which are may not be appreciated by both young managers and the community. ââ¬Å"Nevertheless, he just has to remain a one-man show. He established these traits at KHC sometimes backâ⬠(Myers, 21). Key Leadership Traits That Makes Prince To Stand Out As A Good Leader Has a clear vision; old adage "either stand something, or you might fall for everything." ( Sweeny, 79). Prince practically stood firm when it come to the implementation of the company's policies and procedures. More over as a leader, he has a clear way to communicate his vision and the companyââ¬â¢s vision to the people such as his employees. Have passion in his word. He realized that his employees wanted passion; and that his employee would even go to the ends of earth as a result of it, die and live. He also realized that his passion inspired others to conquer new and dangerous challenges. ââ¬Å"Great decision maker. He clearly understood his process for decision making. Take for example he talked to his management teamâ⬠(McGreevy, 209). In addition to conducting a cost analysis. ââ¬Å"He went ahead to even
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