5 important skills of a Business Tycoons:

1. Problem-solving and decision-making skill:

A man establishes leadership through the problem-solving decision he makes. Creative thinking is the way of leadership.

2. Communication skills:


He must be good at communicating with people, expressive in speech and writing and sophisticated in manners and department. He uses communication to inform, persuade and stimulate.

3. Human relations skills:

He takes care to see that goodwill and mutual understanding prevail in his relations with his followers and among themselves. He respects human dignity.

4. Conceptual skills:


A leader has to deal with abstractions set up models and devise plans. He needs therefore, a high degree of conceptual skill.

5. Social skills:

A leader should possess social skills.