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Questions for Discussion WEEK 1 Question 1: What personality traits do leaders like Todd McFarlane possess that distinguish them from other individuals? Answer: It is easy after reading the brief information on Todd McFarlane that he does have qualities a leader should possess. Edwin Ghiselli identified in his studies that there are six traits important to effective leadership. There have been many more studies where scholars have identified more traits. If you look at them all for the most part, they are similar. One of Edwin Ghiselli’s identified traits is need for achievement. McFarlane displays that he has this personality trait when starting his company. His passion and desire kept him motivated, even after 300 rejection letters from companies he sent his work too. As a leader or an entrepreneur, you must see through with your goals. You have to be able to take rejection and not let it deter you from your dreams. We will write a custom essay sample on Questions or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page After his differences with Marvel comics, he took the risk and initiative to go out on his own. The fact that he left a company and never looked back shows his decisiveness trait. The fact that he is persistent he has become one of the most successful entrepreneur today. Now he owns his own company with a variety of products. Being self-confident is apparent as one of McFarlane’s traits, which a good leader should possess. The last trait I will write, although he has many is obviously intelligence/knowledge. McFarlane has many personality traits that have helped him in his life/business. Just like most good leaders McFarlane’s ability, vision, enthusiasm, and persistency has paid of for this entrepreneur. Question 2: How have global competition and technology advances changed business conditions and leadership challenges? Answer: Global competition today has changed how many operate their businesses. Global competition has the biggest impact in manufacturing industry. With our economy not being the best, money issues are a major problem. Companies must decide to either make a product in America or take manufacturing overseas. Although usually giving up quality, products overseas are manufactured cheaper. With that in mind means, the product can be sold to the consumer at a cheaper price. Companies can use manufacturing overseas and have better margins on their products. This in mind leaders must be decisive in their decision making process. Leaders must be knowledgable in current technology, global markets, and much more. As technology advances so, do business processes. Being a leader, you must adapt to these changes. You must strive to remain current in your knowledge of new technology that can help you company. Use technology to your advantage. Information system can help make all your information process faster and more accurate. Today we live in a fast past world the technology helps us communicate a lot faster. It allows us to communicate face-to-face using web cams and Skype. A good leader needs to ensure he can communicate properly in front of other people. Using the web can be a great way to sell, promote, or get information to the consumer or investors. You must have vision to see your business in the future. As technology grows, be flexible to remain competitive you must adapt and use technology to your advantage. References Curtis, Kent, Manning, George (2009). The Art of Leadership, VitalSource eBook for DeVry University (3rd Ed). Pearson Learning Solutions. Retrieved from http://devry. vitalsource. com/#/books/0077589327