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In today’s complicated and quickly changing business environment, having good leadership is very important for the success of any organization. Leaders have the job of making important decisions, handling resources, and guiding their teams to reach the organisation’s goals. While being a good leader involves many different skills, one important aspect that is often overlooked and has a big effect on leadership effectiveness is understanding money. Financial literacy means knowing and understanding money-related ideas and being able to use them when making decisions. In this article, we will talk about how understanding money affects leadership effectiveness and how leaders can improve their understanding of money to make their organizations successful.
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