Personal Success Factors in the Business World

The fast development of the business sphere preconditioned the appearance of multiple opportunities for individuals to engage in various activities and generate income. However, the popularity of the given field also fosters the increase in the level of rivalry that becomes a severe challenge to both companies and people. Under these conditions, the personal qualities of an individual, his/her peculiarities of thinking, and the ability to make the right decisions acquire the top priority. Among the most critical elements, the majority of reputable sources devoted to the issue differentiate flexibility and adaptability, leadership qualities, and effective communication skills. The existence of these personal success factors can be considered a key to the creation of a successful business model and its development.

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Speaking about flexibility and adaptability, these two aspects become fundamental for the modern business world. Change is inevitable in the existing fast-paced corporate environment, and it might become a serious barrier limiting individuals’ opportunities for development and growth (“Six Key Behaviors that Make a Great Leader”). For this reason, the ability to reconsider the employed strategy to adapt it to the latest conditions becomes critical. It ensures that a person will remain informed about the newest alterations in a particular sphere and possess the levels of flexibility that will suffice for the introduction of in-time interventions to solve complex situations and challenges (Bloomgarden). In such a way, these personal qualities can be taken as critical success factors that help individuals to acquire an advantageous position.

Second, leadership is another essential trait that is one of the integral components of success. Today, there is a correct understanding of the fundamental role this very quality plays in the business world. Effective leaders are the drivers of change as they help teams to evolve and achieve new levels of excellence (“How to Succeed in Business While Really Trying”). For this reason, the cultivation of outstanding skills related to this aspect becomes popular as one of the methods to create the basis for future successes and guarantee that any planned activity will help to generate multiple benefits that will be later used for different purposes.

Finally, communication skills can be taken as another significant personal success factor. Any individual in contemporary society faces the need to collaborate with its other members to achieve the desired goal. At the same time, cooperation is a key to more effective performance (Greenfield and Levy). Statistics show that teams with a better level of understanding have enhanced outcomes if compare with collectives with problematic communication (Bloomgarden). That is why the ability to employ successful and practical communication strategies can be taken as a fundamental success factor that should be considered by all persons who work in the sphere of business or tries to acquire a competitive advantage to stimulate the development of a particular project.

Altogether, the modern business world is characterized by the increased level of rivalry and sophistication of relations between its representatives. Under these conditions, the correct understanding of success factors becomes essential for the attainment of desired outcomes. By reliable sources, flexibility, leadership qualities, and communication skills can be related to this cohort. These traits have a significant impact on a person and his/her ability to solve problems that might appear at any stage of a business project’s development. That is why their cultivation becomes a pivotal aim of entrepreneurs focused on final success and generation of benefits.

Works Cited

Bloomgarden, Kelly. “You Can’t Achieve Success Without This.” Fortune, 2016, Web.

Greenfield, Rebecca, and Francesca Levy. “The Secret to Successfully Mixing Business with Friendship.” Bloomberg. 2019, Web.

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“How to Succeed in Business While Really Trying.” Bloomberg. 2017, Web.

“Six Key Behaviors that Make a Great Leader.” Bloomberg. 2019, Web.

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StudyCorgi. "Personal Success Factors in the Business World." June 13, 2021. https://studycorgi.com/personal-success-factors-in-the-business-world/.

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StudyCorgi. 2021. "Personal Success Factors in the Business World." June 13, 2021. https://studycorgi.com/personal-success-factors-in-the-business-world/.

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StudyCorgi. (2021) 'Personal Success Factors in the Business World'. 13 June.

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