If you go to the crux of it, what is leadership all about? Is it about the leadership styles or strategies that the wise old men teach you in B-schools? Or is it something which is pretty much ingrained into you during your lifetime?
Is it something you're born with? What are the qualities that you need to have in order to be a true leader, and how do you get them?
Tried and True Skill Sets
For effective leadership and management, one needs to have quite a few qualities and skills.
Set a Benchmark: He should be able to set a performance benchmark and be what he expects the employees to be. He himself should display the set of qualities which he expects from his team.
People-Skills: Whatever the monetary and non-monetary rewards, employees will only be really motivated to work if they know what it is that is motivating the leader. So, he or she should be able to communicate his strategies and vision to the rest of the team, in a way that the employees too feel, 'Yes! This is what we want too!'.
Hence, listening too is one of the most important practices for good leadership.
Ability to Motivate Others: He or she should know how to get the work done from his team. He should be able to motivate his workers with monetary and non-monetary rewards. He should be able to make his team a part of his vision. A leader should be able to coach his team, so that they can give their best performance.
Discipline: A leader needs to be well-disciplined himself, and should be able to imbibe qualities like professionalism and hard work in his team.
Remember, a leader should exemplify the skills and behavior he wants his team to have. In short, he should be a role model for the rest of his team.