BUSINESS

Question 2: Does leadership matter in the iron ore industry?

   

Question 2: Does leadership matter in the iron ore industry?

Introduction

The global business arena is faced with numerous challenges as there are rapid changes occurring in the operations and technology of doing business. The area of management and leadership is gaining more popularity for effective performance of the organization. Leadership in every organization is the set of capabilities that an individual has to influence the minds of people or a group of people, making their teams work enthusiastically in achieving goals and objectives. It is also understood as the ability to take initiative, manage, hold, promote, encourage, motivate and evaluate a group or team (Northouse, 2007). It does not matter what type of business is it, leadership plays a vital role in the success of an organization. This paper aims to analyze the importance of Leadership in Iron core industry and how much the leadership matters in this industry.

Discussion

Iron ore is the raw material for the production of ferrous metals. The development of the iron ore industry is largely determined by the trend on the world market of ferrous metals. Australia is one of the world's leading producers and exporters of iron ore. Australia's iron ore industry has a dominant position in the markets of Asia due to a favorable geographic location, stability, trade and strong reputation for quality products and reliable delivery. Ore deposits of Australia excavate and enriched.  Iron ore is one of the major exports of Australia for the past 30 years (Pratt, 1993). The ore is usually transported and stored in stacks on the coast, which are then loaded onto ships. Iron ore exports from Australia were: in 2000 - 165.2 million tons, in 2001 - to 164.4 million tons, in 2002 - 163 million tones ($ 5.5 ...