Introduction The success of any organization or business is based upon the types of leaders and their leadership qualities. One of the qualities that are required of an executive is having a vision. Visionary leaders are necessary in order to transform the business and make it a success. Most executives continuously make poor decision despite spending most of their time on making people decisions. Morale and emotions in the workplaces are important aspects to understand since they play an important role in the effectiveness and productivity of the employees. Organizations should strive for excellence in order to become a leader in wealth creation. Excellence could be shown in the way the organization organizes its teams. For a team to perform well, it needs to posses certain characteristics and observe certain values. The business environment is an ever-changing one. Due to advancements in technology, various changes occur in order to bring about processes that are of high quality and that ensure efficiency. This brings about competition among similar businesses. In order for an individual organization to survive, it must devise ways of maintaining its position as the customers’ choice. Appreciation and management of diversity is important for the success of any organization. Overview and Analysis Managers should recognize that the successful management of excellence within the organization would inevitably lead to successful wealth creation. Due to the excellence assured by the Nobel Consulting Company during its early development, it was able to get a RMB28-million order from a certain company that processed soft drinks. Its success in this business prompted other leading companies to seek services from Nobel Consulting. These included the automobile assembly, manufacturing and telecommunications companies, among others. It is evident that though most executives spend the majority of their time on people decisions, they continue to make poor decisions in this area. Frank Chan, for example, made several bad decisions when it came to important matters. One of his greatest failures was in employee appraisal. He did not show appreciation for his employee’s efforts. Even when one did a good job, he did not show appreciation by rewarding them. This had a negative impact on employee satisfaction and morale. This is evident in the way Shen reacted to Chan’s leadership by simply walking away. Zhang felt equally dissatisfied and was in a dilemma when Shen called him to inform him of an opportunity to go work with him and get a better pay package and working conditions. Frank was also a dictator. This is evident in the way he made decision. He always considered his decisions final and always brushed off opposing opinions. He also made it clear in writing that he (the boss) was always correct. There is a difference between underperforming teams and well-performing teams and several factors influence each. Nobel Consulting Company valued teamwork. Frank Chan described the company’s employees as a big family. He also organized dinners and parties for all employees in order to cement the feeling of family. He also showed appreciation at individual level since he made sure that every individual received a cake during his or her respective birthdays. In addition to this, the Salema Project was successful since the team had a well-defined division of labor. This is characteristic