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NEWS
Henley offers scholarships to investigative journalists
Henley offers scholarships to investigative journalists

5 trends that can keep the South African MBA relevant
5 trends that can keep the South African MBA relevant

We need to realign government, business and civil society
We need to realign government, business and civil society

Life as a full-time MBA student
Life as a full-time MBA student

Brexit delay provides breathing space for SA
Brexit delay provides breathing space for SA

MSA joins the ADvTECH family
MSA joins the ADvTECH family

SA plunges to 117 out of 149 in gender wage equality
SA plunges to 117 out of 149 in gender wage equality

UCT’s Executive MBA recognised for its distinctive approach
UCT’s Executive MBA recognised for its distinctive approach

GIBS Executive MBA programme debuts in top 50
GIBS Executive MBA programme debuts in top 50

Can Africa fill the glass?
Can Africa fill the glass?

YALI AFRICA launch at Unisa
YALI AFRICA launch at Unisa

The fake resurrection of South Africa
The fake resurrection of South Africa

Don't panic: The digital revolution isn’t that unusual
Don't panic: The digital revolution isn’t that unusual

Why Agile works
Why Agile works

How firms can avoid the mediocrity trap
How firms can avoid the mediocrity trap

How a 100000-strong company is relearning how to innovate
How a 100000-strong company is relearning how to innovate

The changing shape of the MBA
The changing shape of the MBA

Adding climate change to curriculum is a top priority
Adding climate change to curriculum is a top priority

The MBA should turn you into a business disruptor
The MBA should turn you into a business disruptor

Innovation in SA organisations driven by C-level support
Innovation in SA organisations driven by C-level support

UNISA SBL a torch-bearer of training for military veterans
UNISA SBL a torch-bearer of training for military veterans

Scaling up the MBA for relevance in the 4IR
Scaling up the MBA for relevance in the 4IR

Moody's: SA not out of the woods yet
Moody's: SA not out of the woods yet

GIBS manufacturing-focused MBA kicks off in Durban
GIBS manufacturing-focused MBA kicks off in Durban

Henley’s Makhoalibe selected for sought-after programme
Henley’s Makhoalibe selected for sought-after programme

Personal potential, a source of power
Personal potential, a source of power

Reach your business leadership potential with a MBA from WBS
Reach your business leadership potential with a MBA from WBS

MPC: SA needs a period of stable interest rates
MPC: SA needs a period of stable interest rates

SA’s energy problems just the tip of the iceberg
SA’s energy problems just the tip of the iceberg

What's really driving disruption?
What's really driving disruption?

Why has there been such a failure of leadership?
Why has there been such a failure of leadership?

Steinhoff: Exactly where does responsibility stop and start?
Steinhoff: Exactly where does responsibility stop and start?

The cure for the loneliness of command
The cure for the loneliness of command

How to survive in the age of digital transformation
How to survive in the age of digital transformation

New MBA timetable starts in 2016
New MBA timetable starts in 2016

EVENTS
Henley MBA & PGDIP Preview Day
Henley MBA & PGDIP Preview Day
29 May 2019,
Pretoria

UCT GSB MBA Information Sessions
UCT GSB MBA Information Sessions
15 October 2019,
Johannesburg



03 DECEMBER 2018
10 traits that make for a good small business leader
Small to medium businesses make up 91% of South Africa’s formalised businesses. They create 60% of all jobs and contribute to around 34% of the GDP. This ability to catalyse economic impact is why effective leaders of small businesses play such an integral role.

Many of these successful business owners and leaders, regardless of their industry or the size of their business, share similar yet specific characteristics and traits. De Wet Schoeman, Director: Centre for Applied Entrepreneurship from USB-ED lists 10 essential characteristics shared by business leaders that have contributed to their success:

1. Integrity: Maintaining a high level of integrity is essential for success in the long run. As a business leader you have to set the example by living out the values and ethics of their company. As a business leader, the best manner in which to earn trust from employees, consumers and other stakeholders is to be 100% authentic, transparent and direct. This will indirectly lead to increased profitability.

2. Passion: Most successful small business owners have developed businesses based on their passions, or they are able to integrate things they are passionate about into the day-to-day operations of their enterprise. Starting a small business in the current economic climate can be daunting; without a true passion for the industry or craft, many businesses fail to achieve success because of a lack of motivation and driving force.

3. A positive approach towards life: Life is full of ups and downs. Great leaders always see the glass half full rather than half empty. Their ability to retain a positive outlook even when the odds are stacked against them is what often takes a leader and a business from being good to being great. A successful leader must consider every worst-case scenario and cascade a plan through the business to handle each prospective challenge.

4. Confidence: An effective leader needs to be confident in his or her ability to achieve set goals. Projecting confidence can warrant respect, instil trust, increase morale and effective decision-making. All of this in turn contribute to a more productive business team. The leader must, however take care that her/his confidence is balanced and unobtrusive and does not border on narcissism or egotism.

5. Industry knowledge: Successful business leaders must acquire adequate knowledge on their industries before heading into a competitive market. It is essential that they are experts in the overall dynamics of the market, are on top of industry trends, know the competitive landscape and have full knowledge of the day-to-day operations-side of their businesses, even if they entrust the running of this to others.

6. Innovation: Innovation is essential for success and survival in today’s business world where change is at the order of the day. Successful leaders are innovators. Whether innovation comes through thought, technology or practice, it is an essential trait that will impact the longevity of the business.

7. Business acumen: In order to be a good business leader, one needs to have a good sense of all the functions of a business. You do not have to be an expert at all business functions, but you need to be able to understand the big picture and all of its dynamics.

8. Empowerment: The ability to inspire and empower others is an indispensable trait for any successful business leader. A good leader knows when to delegate responsibility and tasks. Not only does this provide employees with the opportunity to advance their skills-sets and accelerate their growth but is a valuable tool in assessing the strengths and weaknesses of individuals and teams within the business.

9. Team builder: An effective business leader does not have to be an expert in all functions of a business, but should have the ability to “assemble” a strong team. This includes aspects such as the team architecture (who to put in a team), organising and motivating the team.

10. Accountability: Holding people and oneself accountable is important for sustained team performance. It is more than only taking responsibility for one’s actions; it is also the action taken to address the consequences. A successful business leader has be humble enough to account for his or her actions, as well as the actions of the business team.
Source:

USB Executive Development (USB-ED)
We develop and connect leaders through innovative and transformational learning experiences because we believe that empowered leaders can bring about change. Visit our website.

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