Such bosses are bound to incur losses in the long run in business and personal spheres. Because, any person who fails in moral standards will have to face consequences.
A good boss is one who takes care of his staff in all possible ways, and treat them as his family. He should shower praises when good things are done and should also criticise them for mistakes. Before bringing in any changes in system and procedure, he should seek the opinion of staff also to instil confidence and sense of belonging in the latter.
It is a wrong notion that some bosses assume that any appreciation will weaken his control over his staff and result in decline in staff's performance, which ultimately will affect his reputation and Career prospects.
There are many business groups like Tata in India which have a staff-favouring atmosphere consisting of the qualities described hereinabove.
