Yes Bank is a bank functioning in India. It is planning to diversify into insurance business. Previously, it was a prerogative of LIC and GIC to do insurance business. But now, with liberalisation, licenses have been given to start insurance business under 'Insurance Regulatory and Development Authority'. For this, the managers need to direct the employees effectively State clearly, as to what would be the benefits derived by the company from effective leadership?

Explanation

The benefits of leadership for the organisation will be as follows:
(i) It will help to influence the behaviour of people and make them contribute positively to achieve group goals.
(ii) A leader maintains personal relations and helps to fullfil the needs of the employees.
(iii) It will help to introduce changes easily in the organisation.