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Title: Business Essay Research Assignment
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Contents
Introduction    3
Incompetent vs Competence    3
Personal Greed    3
Self-Serving Interest in the Company    4
Actual Examples of Greed and Self-Serving Interest in Businesses and Companies    4
Impact of Greed and Self-Serving Interest on Businesses and Companies    5
Impact of Greed and Self-Serving Interest on Economies with Examples    5
Conclusion    5
Works Cited    7
Introduction
The financial crisis in any economy emphasizes the deficiency in the regulatory structures, economic imbalances and conflicts in the interests. As stated by Larreina and Gartzia, These factors are raised due to the capital as well as trade liberalization. The current study will highlight the various incompetency that is shown by the leaders of an organization, which leaders to the business crisis. It will also evaluate whether the incompetency is far worse compared to the self-centeredness and greed of the leaders. Various examples will be used in accessing the impact of greed and self-serving attitude of the leaders in the business.
Incompetent vs Competence
Incompetent leaders in business are found to impact negatively in business and impact negatively on the subordinates. They are found to have low levels of trust, productivity and engagement. They are found to burn out more often due to stress. As opined by Decoster et al., a competent leader not only have confidence but have potential qualities of leadership. This included the ability to guide and work in a team, motivate the subordinates and guide them in the time of crisis. According to Grisaffe et al., the competent leader is often observed to be humble and sensitive. They are able to take a rational decision so that the business can be operated rationally.
Personal Greed
At times in business in order to grow and achieve the goals may give rise to a higher expectation. Under such circumstances, the leaders may succumb to greed that can impact on the business. As stated by Peng et al., it starts influencing the actions and decisions of the leaders. Further, it is observed that the individual is more concerned with making money rather than improving the customer experience or business operation. As expressed by Fehon and Garrard, on some occasion the customers are found to charge more, which adversely impact on the customer loyalty and declination of the business. Further, as opined by Anwar et al., the leaders who succumb to greed are observed to overlook the flaws in the work process or in the employee if monetary results are reflecting.
Self-Serving Interest in the Company
When the leader or the manager of the organization is more concerned in making their own benefits at the expense of the other employees may act as a self-serving leader. As opined by Lambie and Haugen, these kinds of leaders are more concerned in protecting their power and position rather than performing their duties. They usually do not take the...