Donald John Trump
"Sometimes your best investment are the ones you don't make."
Biography
Real estate developer Donald John Trump was born on June 14, 1946, in Queens, New York. At the age of 13, Trump was sent to the New York Military Academy in hopes of channeling his energy into a positive manner. He came out as a star athlete and student leader by the time he graduated in 1964. Trump continues to pursue his studies in Wharton School of Finance at the University of Pennsylvania with a degree in economics.
Donald Trump is now the chairman and president of The Trump Organization and founder of Trump Entertainment Resort. In 1974, Trump's first breakthrough as the city's best known and most controversial developer was when he obtained an unprofitable hotel, the Commodore which was located adjacent to the Grand Central Station. He partnered with Hyatt Hotel Corporation and gave the building a new facade which was made out of reflective glass and it proved to a success out of his numerous developments to come.
He was deep in debt in 1990 when real estate market decline drastically and The Trump Organization was near bankruptcy. Nonetheless, Donald Trump net worth rose back to nearly $2 billion in 1997. His popularity has spread over social networks and well known for starring in the NBC reality series "The Apprentice" and has been running on air for its tenth season. A master of diversity and interest, Mr. Trump has had numerous best sellers including: The Art of the Deal, which is considered a business classic, Think Like a Billionaire, Trump 101, The America We Deserve, How to Get Rich, and Think Like a Champion. The Trump brand is readily acknowledged as representing the gold standard across the globe.
Achievements
· Awarded 'Lifetime Achievement Stevie Award' (2005), 3rd Annual American Business Awards
· Trump International Hotel & Tower Chicago ranked #1 for Service in the U.S. and Canada by Travel + Leisure 2011 World's Best Service
· Trump Premium Grape Vodka won "Best of Show-The Platinum Award" in 2009 at the World Spirits Competition
· Two Time Emmy Award nominated personality
· Award a star on Hollywood Walk of Fame
· Awarded honorary degree in business in 2012 by The Robert Gordon University
Leadership Style
Donald Trump incorporates a mixture of democratic, autocratic, and transformational leadership style. It is evident in the many years of his career he has carved out for himself. In addition, Donald seeks his close pool of associates whenever his in doubt or when there is an unproductive issue to be resolved. A diligent worker and a leader by example, he motivates his employees.
The extent, to which Donald is transformational, is measured first, in terms of his influence on the followers. The followers of such a leader feel trust, admiration, loyalty and respect for the leader and because of the qualities of the transformational leader are willing to work harder than originally expected which many of his employee are willing to give strong testaments. These outcomes occur because the transformational leader offers followers something more than just working for self gain; they provide followers with an inspiring mission and vision and give them an identity.
Trump as a powerful leader understands the need of "power" and frequently uses his authority to enforce his ideas and decision. His business savvy attitude and strong willed mind had many at times been tested and often gotten negative responses from people who are against and with him, yet his autocratic leadership was how it gained him worldwide recognition by believing in his ideas that it would succeed and it sure did.
What Makes Him A Good Leader?
An innovator from the start, Donald has created a series of numerous skyscrapers across Manhattan and world class golf courses that beautify and set world class standards across the globe. He assesses the ability and performance of his employees rather than the qualifications they have. However, he still respects that it is an important aspect and emphasizes on the leadership and results a person may achieve rather than his or her academic background.
Rising from the ashes, he has seen the ups and downs in the business world. He has lived through near bankruptcy and bounced back many times better and richer. The quality of being determined and tenacious leader enable him to continue being a leader of real estate developer. It is those who often last through tough times that set them apart from other leaders.
Creativity was what placed him on the frontier of the real estate industry and his continuous improvement to better oneself and to come out with better and more innovative ideas. A risk taker who sees opportunities in a sea of risk, his honesty and business minded sense has work with him.
Many of the qualities Trump possessed has inspire people all over America to be like him. A strong, merciful, respectful and empathic leader who knows the importance of honesty and has worked from the bottom up, certainly makes him stand out and his employees' support unconditionally. An example of a leader who leads.
What Is Exemplified By the Individual?
1. Passion
The moment Trump has a new project; he is set on completing it. He does not falter in his determination.
2. Honest and Direct
He does not mince his words or cushion what he think of an individual employee, he lets them know exactly what he wants or think.
3. Foresight
Starting with in his father's company, he went on to venture on his own as he saw great development potential in the then Manhattan.
4. Unique
Donald did not yield to his competitors price war but instead set a premium above the rest as part of his marketing strategy.
5. Great Experience
Trump went on to create his own series of NBC reality show titled "The Apprentice". He utilizes his experience to teach the potential young contestant and to nurture them into leaders.
6. Be Hands-On
Trump started with his father's real estate company as young as the age of 16 and immerse himself with the knowledge and technical expertise he could learn from his father.
7. Act Decisively
He is a business magnate who has the knowledge and potential to see what decision would best benefit his company and the employees. For example, he decided to lower his ownership of the casino in the Atlantic City to the stockholders so that the debt would be lowered.
He is a business magnate who has the knowledge and potential to see what decision would best benefit his company and the employees. For example, he decided to lower his ownership of the casino in the Atlantic City to the stockholders so that the debt would be lowered.
8. Giving Back to Society
Donald believes in contributing back to the society so future generations can benefit and continue to ensure their own success.