Qualities of a Successful Businessman

• According to Business Management Ideas, the main qualities of a successful businessman include the following: knowledge of business, accuracy, foresight and time sense, alertness, honesty and morality, initiative and the capacity to make decisions, ability to co-operate, dependability and consistency, energy, and personal qualities.
• To be successful, a businessman should understand his business thoroughly. Also, he should be accurate 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 consumers.
• Also, to be successful, businessmen must be co-operative 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: self-awareness, decisiveness, fairness, enthusiasm, and integrity.

Leadership Style, Skills, and Traits of Nike's Co-Founder (Phil Knight)

• Nike was founded in 1964 by Bill Bowerman and Phil Knight.
• In terms of leadership, Phil Knight has a visionary and intuitive 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 healthy habits from it. He also recruited and invested in people who were passionate about Nike's mission.
• Phil Knight was very passionate and never allowed failure to discourage him. He knew his assets and liabilities, as well as how to use them.
• Knight led with honesty during his time at Nike. This contributed in helping Nike gain an industry leadership position ahead of competitors such as Adidas.