Pros: There is evidence that traits do matter when evaluating a person in a leadership role. The 6 traits are drive, the desire to lead, honesty/integrity, self confidence, cognitive ability and knowledge of the business. People that have these traits have a "natural ability" to lead and they have been told that their entire lives. It gives them the motvation and the confidence to know that they can succeed in a leadership role.
Cons: Often times, a person that doesn't have these natural traits hears the comments around him that others are natural born leaders. When the same things aren't told to that individual it is hard for them to find the motivation and the confidence to put themselves in a leadership role. Also, if these certain individuals don't have any role models in their lives to show them what and effective leader looks like, it is difficult for them to succeed in the leading roles. They don't have the reinforcement and the support from outside individuals to recognize what it takes to be an effective leader.
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