Different personal and professional skills needed for effective management. In this chapter I provide a case study of three successful well known leaders to provide comparison of skills and attributes for the different types.
Sir Alan Sugar. Rupert Murdoch & Roman Abramovich
Sir Alan Sugar has become famous for his contemporary program in the apprentice.
He is now extremely popular upon television but whilst he is now a British business magnate, media personality, and political advisor.
He started from humble origins in the East end of London. Sugar now has an estimated fortune of £770 million US dollars it is 1.14 Billion and was ranked 89th in the Sunday times rich list 2011.
Alan Michael Sugar, Baron Sugar was born in 1947.
In 2007, he sold his remaining interest in the consumer electronics company Amstrad, his largest and best known business venture.
Sugar is also notable for his time as chairman of Tottenham Hotspur from 1991 to 2011. Sugar appears in the BBC television series the apprentice, which has been broadcast annually since 2005 and is based upon the popular US television show of the same name, featuring the American entrepreneur Donald Trump.
He was born into a Jewish family in a council flat. He attended Northwold primary school and then Brooke house secondary school in upper Clapton, hackney. He made extra money by boiling and selling beetroot from a stall. After leaving school at 16, he worked briefly for the civil service as a statistician at the ministry of education.
He started selling aerials and electrical goods out of a van he had bought with his savings of £100. A collection of classic Rolls Royce and Bentley motorcars. Sugar owns a Rolls Royce phantom with the number plate AMS1, which appears during all episodes of the apprentice.
A qualified pilot with 30 years experience, sugar owns a Cirrus SR20 four set aircraft, based at staple ford airfield.
20th June 2009 he assumed office of the House of Lords joining the labour government to advise on business and entrepreneurs.
AMSTRAD
Sugar founded it in 1968, the name being an acronym of his initials. Alan Michael sugar trading. Despite this acronym, sugar also trades under other business names.
The company began as a general importer and exporter and wholesaler, but soon specialised in consumer electronics.
By 1970, the first manufacturing venture was underway. He achieved lower production prices by using injection moulding plastics for turntable covers, severely undercutting competitors.
His personal attributes are that he is a socialist and supporter of the labour party movement, particularly to enable the economy to prosper by entrepreneurialism. He is very passionate about business and innovation.
He has invested his own personal capital into the projects of the apprentice and supports the winner by a million pound contract.
He provides mentoring and guidance to young people and also has tried to contribute to government policy on business issues.
His other qualities are anticipating the needs of people in advance of the consumer market. He did this with his Amstrad products for years. There was hardly anyone who did not own one during the 1980s as they were so popular.
His professional insight has helped the British economy to grow and has I would say contributed to the growth and to the stability of the country. Particularly as he has employed many younger and other skilled electronic professionals. He is extremely commercially minded, and has a trusted circle of friends and inner—circle of staff. He has a leadership style which can be autocratic and can often take criticism as a personal attack.
However he has shown himself to be consultative by his role in the apprentice where he allows individuals in the team to achieve results, he leverages the skills and talents of individuals.
He has been influential in government and policy. He has three children and is a very supportive father and encourages them and is a role model to them.
There also does seem to be a huge following of him, and he has obviously inspired a generation of people into business and entrepreneurship. He is very passionate about all his projects, as can be seen when he was investing in Tottenham Hotspur. He certainly does not lack vision .He provides us with an example of that dedication and perseverance and a strong will power is required for successful leadership.