How can leaders effectively address and resolve conflicts within a team to promote a harmonious work environment and enhance team dynamics for better business performance?

Leaders can effectively address and resolve conflicts within a team by fostering open communication and actively listening to all parties involved to understand their perspectives. They should encourage collaboration and compromise to find mutually beneficial solutions that address the root causes of the conflict. Additionally, leaders can implement conflict resolution strategies such as mediation or team-building activities to promote understanding, trust, and respect among team members. By addressing conflicts promptly and constructively, leaders can create a harmonious work environment that enhances team dynamics, boosts morale, and ultimately improves business performance.