Leadership: Leadership is an activity on the part of the managers to get something done by others, willingly and not by compulsion. Functions of a Leadership: The functions of a leader can be detailed as follows, 1. Taking the initiative – A leader initiates all the measures which are necessary for the purpose of ensuring the health and progress of the undertaking in a competitive economy. 2. To guide and direct the organization 3. he represents the organization 4. He acts as an arbitrator 5. To assign reasons for his actions 6. To interpret the objectives of organization 7. He identifies group goals 8. To encourage team work 9. He manages the organization Importance of Leadership: Without a good leader, organization cannot function efficiently and effectively. The leader guides the action of others in accomplishing the organizational goals. A good leader motivates his subordinates, creates confide...