Essay from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: 80, University of Canberra (School of Management, Faculty of Business, Government & Law), course: Master of Business Administration, language: English, abstract: Leadership is one of the most significantly observed and examined phenomena which has remained debatable since ancient civilisations. No social, political and orgnisational subject has been explored more fanatically than leadership. Leadership is a complex group process by which an individual applies influence over other people and inspires, motivates and directs their activities to help their followers in achieving collective goals. Modern concepts of leadership emerge through the diverse political processes, complex career progressions and exceptional societal contributions developed during the twentieth century. The twenty-first century offers several novel challenges to effective leadership meshed with the moral philosophies, hyper-competitiveness, commercialism, internal and external environments, digitisation, sustainable economic prosperity, revolutionising social values, recognising fabric of multiculturism and the expanding globalisation. Leadership is a vital and arduous task, and it is the cornerstone of overall organisational success.