Management Sciences

at the

National University of Modern Languages & Sciences

Islamabad

NAME ROLL NO.

HAMZA TAHIR 2161006

BBA

6th A, Morning

SUBMITTED TO: SIR ADNAN IFTIKHAR

DATE: December 09, 2019

Table of Contents
Abstract ................................................................................................................................................ 3
Introduction .............................................................................................................................. 3
7 Habits of Stephen R. Covey ......................................................................................................... 3
Biography ............................................................................................................................................. 4
Early Life .............................................................................................................................................. 4
Habit 1 ................................................................................................................................................... 5
Habit 2 ................................................................................................................................................... 5
Habit 3 ................................................................................................................................................... 6
Habit 4 ................................................................................................................................................... 6
Habit 5 ................................................................................................................................................... 6
Habit 6 ................................................................................................................................................... 7
Habit 7 ................................................................................................................................................... 7

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 BUSINESS LEADERSHIP
Abstract: Leadership in business is the capacity of a company management to set
and achieve organization goals and objectives. Leadership is very important in the
organization because leader is a person who motivates, inspires and guide others
toward pre-established goals. In this report we discuss the seven habits of effective
leaders by Stephen Covey with real life example. Habits are as follow: be proactive,
being with the end in mind, put first things first, think win/win, first to understand then
to understood, synergizes and sharpen the saw. Therefore, these are the habits that
makes a person good leader and they will help us to become a successful leader.

Introduction: Leadership is the timeless practice of guiding others in pursuit of a

goal or desired outcome. Leadership is the important part of management in the
company which help to maximize the efficiency and productivity and to achieve
organization goals. Leaders motivate team members through goal establishment,
coaching, feedback and by providing ongoing developmental support. Leaders core
role is to engaged trust in their team, provide clear direction, take responsibilities for
their team members and results, creating confidence and motivate their team
members. Effective leaders are constantly on the lookout for ways to tap into the
drive and passion of their employees. According to Stephen R. Covey “leadership is
communicating to people their worth and potential so clearly that they are inspired to
see it in themselves”. He wrote a book The 7 Habits of Highly Effective People in
which he discusses the habits that essential for any person to become an effective
leader. Their seven habits are be proactive, being with the end in mind, put first
things first, think win/win, first to understand then to understood, synergizes and
sharpen the saw. These are the habits which is required in a person to become a
great leader. In this report we will discuss the great leader, industrialist, business
tycoon “Henry Ford” and compare their leadership abilities with the 7 habits of
Stephen Covey.

7 Habits of Stephen R. Covey:

1. Be Proactive
2. Being With The End In Mind
3. Put First Things First

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 4. Think Win/ Win
5. Seek First To Understand, Then To Understood
6. Synergize
7. Sharpen The Saw

Bill Gates

Biography: Bill Gates is a technologist, business leader, and philanthropist. He grew up

in Seattle, Washington, with an amazing and supportive family who encouraged his interest
in computers at an early age. He dropped out of college to start Microsoft with his childhood
friend Paul Allen

Early Life: Gates was born William Henry Gates III on October 28, 1955, in
Seattle, Washington. Gates grew up in an upper-middle-class family with his older
sister, Kristianne, and younger sister, Libby. Their father, William H. Gates Sr., was a
promising, if somewhat shy, law student when he met his future wife, Mary Maxwell.

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She was an athletic, outgoing student at the University of Washington, actively
involved in student affairs and leadership.

The Gates family atmosphere was warm and close, and all three children were
encouraged to be competitive and strive for excellence. Gates showed early signs of
competitiveness when he coordinated family athletic games at their summer house
on Puget Sound. He also relished in playing board games (Risk was his favorite) and
excelled at Monopoly.

Applying 7 Habits of Effective People on Bill Gates

Habit 1: Be Proactive “You Create Your Reality, You’re in Charge”

You can only ever be totally proactive if you have the ability to learn continuously.
Gates is famous for being a Harvard dropout, but the only reason he dropped out is
that he and Paul Allen saw a window of opportunity to start their own software
company. In fact, Gates loves learning and often sat in on classes he wasn't signed
up for. That's something he had in common with Steve Jobs, who stuck around after
dropping out of Reed College, sleeping on floors, so that he could take classes that
interested him. "Just about every kind of book interested him -- encyclopedias,
science fiction, you name it," Gates's father said in an interview. Although his parents
were thrilled that their son was such a bookworm, they had to establish a no-reading-
at-the-dinner-table rule. Bill has always come up with revolutionizing innovations
because he knows that he is in charge of his own fate.

Habit 2: Begin With The End In Mind “Strat Creating Your Reality”

Being with the end in mind means being clear about who you want to be and where
you want to go. Obviously easier said than done, but Gates saw the future first at
several key moments. One of them--and this is a classic story--came in 1980, when
he negotiated a deal to license the DOS operating system to IBM for a low $50,000,
but had the foresight not transfer the copyright. As a result, Microsoft was able to
license the OS to other vendors who cloned IBM's machine, thus making a much

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bigger and more profitable market for his company. Bill Gates became a boss at a
fairly early age. He deserved it, and it put him in an excellent position with pure
control over his success.

“If you don’t build your dream, someone else will hire you to build theirs.” – Bill Gates

Habit 3: Put First Things First “Time Management is Life Management, Put Your
Life Priorities First”

This is extremely evident in Bill’s life. Too many of us are easily distracted and guilty
of multitasking, even though we know it's dreadfully inefficient. Not only does Gates
resist the temptation to multitask, he also exhibits really deep concentration while
working on tasks. So much so that he's been known to drift off to sleep while coding,
wake up an hour later, and pick up right where he left off. With such an amount of
money, there are obviously much more distractions, yet Gates lives by time
management.

Habit 4: Think Win/ Win “This habit is a character based to Human Interaction”

The habit has to do mostly with your thought processes. You can have a really good
career if you always listen to other people's opinions and predictions. But to have a
breakout career like Gates or Jobs, you need to listen to yourself first and foremost,
even if the entire world is telling you you're wrong. That's what happened when
Gates and Allen launched Microsoft. In a speech, Gates said the company was
"based on this wild idea that nobody else agreed with -- that computer chips were
going to become so powerful that computers and software would become a tool that
would be on every desk and in every home." Everyone said they were wrong, they
launched it anyway, and the rest is history.

Habit 5: Seek First To Understand, Then To Understood “This habit is to

establish trust and communicate”

For Bill Gates, the trust and communication is mostly with his consumers and
market. Gates and his team at Microsoft are especially careful with establishing trust
with their customers. This is very clear as we rarely ever see anyone changing from
Windows to something like Linux or iOS. In an 2008 interview, Gates credited some

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of Microsoft's success to his and his leadership team's ability to quickly recognize a
mistake, say, "Oops, this isn't working," and try a different approach. He's certainly
made plenty of mistakes over the years that he can learn from. Remember Windows
Vista?

Habit 6: Synergize “A Team is Stronger Than an Individual”

Bill Gates is a real life example of teamwork and building teams. When
asked in an interview to name the best business decisions he'd ever made,
Gates replied, "I'd say my best business decisions really have to do with
picking people." Even though he and Allen have had a complicated
relationship, he went on to say that choosing Allen as a business partner
was at the top of that list. We all need to be good at promoting ourselves,
but it's smart to give the credit to the people you work with whenever
possible.

Habit 7: Sharpen The Saw “Take Care of Your Greatest Assets”

This goes without saying, the biggest asset that Bill Gates has is his money.
Surprisingly, for being the richest man alive, he is very conservative with his money.
"I wanted to have enough money in the bank to pay a year's worth of
payroll even if we didn't get any payments coming in, and I'm true to that
almost the whole time," he told an interviewer in 1998. "We have almost
$10 billion now, which is pretty much enough for the next year." He saves
his most abundant resource.