Prepared for Mark R. | Delivered January 25, 2020
Strengths of a Good Businessman
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To find out the strengths of qualities of a good businessman, as well as case studies of brands that have been built by outstanding businessmen.
Qualities of a Successful Businessman
According to Business Management Ideas, the main qualities of a successful businessman include the following:
of business, accuracy,
and time sense, alertness, honesty and morality,
and the capacity to make decisions, ability to co-operate, dependability and consistency, energy, and personal qualities.
To be successful, a businessman should
his business thoroughly. Also, he should be
or precise about what he talks about and what he really means.
Businessmen should appreciate time and take actions that conform to the rapidly evolving needs of
Also, to be successful, businessmen must be
and accommodate the people they come in contact with. It is important to compromise, adapt,
adjust, and admit
that his judgment might occasionally be wrong.
According to Inc., business leaders need to have the following character traits in order to run an effective business:
, decisiveness, fairness, enthusiasm, and
Leadership Style, Skills, and Traits of Nike's Co-Founder (Phil Knight)
Nike was founded in
In terms of leadership, Phil Knight has a
attitude. He was also good at employing the best people who were a perfect fit for the job at Nike.
Knight understood his leadership style and created
from it. He also
recruited and invested
in people who were passionate about Nike's mission.
Phil Knight was very
and never allowed failure to discourage him. He knew his
assets and liabilities
, as well as how to use them.
Knight led with
during his time at Nike. This contributed in helping Nike gain an industry leadership position
ahead of competitors
such as Adidas.