The venture to be the owner of an accounting and tax service provider is not a small task, and you have realized the challenges that many experience in starting their own business. Fortunately, you have taken steps early within the life of your new business in an attempt to correct any problems and learn from past mistakes in order to be successful in the future. In our previous communications you mention that you started your own business because you wanted to work in your own community, have the flexibility of owning your own business, while also being able to make a good living, and these are all worthy motivators for a fledgling business owner. You have earned your degree and your certified public accountant (CPA) designation, which has allowed you to realize success as an employee of a popular accounting firm. While employed at the firm, you were able to progressively take on greater responsibilities during your tenure and gain much needed experience; however, starting and managing a business requires some additional skillsets. Regina, you have proven that you are a bright individual with the necessary resourcefulness and skills to be a certified professional accountant and open your own business, and I am confident that you will be able to gain the skills needed to be successful with your business, and to become an effective leader.
I commend your ability to grow your clientele quickly, having the forethought to hire additional CPAs to be able to handle the influx of business that is relative to the tax season, as well as hiring Lisa to provide administrative support for the office. Through the gathering of information from our discussions, interviewing staff, analyzing customer surveys, review of financial docu...
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...House, R. J. (1996). Path-Goal Theory of Leadership: Lessons, Legacy, and a Reformulated Theory. Wharton School of Management, Leadership Quarterly. 7 (3) P. 323-352. Retrieved from http://leadership.wharton.upenn.edu/l_change/publications/House/house2.pdf
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Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2014). Fundamentals of human resource management (5th ed.). New York, NY: McGraw-Hill Education.
Owning a business is very difficult. It takes hard work, determination, and knowledge. “Running a business is one of the most rewarding — and most challenging — endeavors for entrepreneurs” (Owens, 2010). My goal is to start my own business and turn it into a multi-million dollar company. Achieving this goal will be difficult, but with the help of God, I will be able to do so.
Path-Goal is another form of leadership development approach. It is about how leaders motivate their subjects to see them accomplish the given objective. According to this school of thought, an active leader should have the ability to drive their followers, as well as removing the possible obstacles towards the given goal (Baker, 2013).
Path-goal approach to leadership by House (1971) mentions that the roles of a leader involve primarily increasing individual rewards of followers to gain goal fulfillment and make the path to rewards seamless by clarifying, removing roadblocks and increasing followers opportunities for satisfaction (Dessler & Valenzi, 1977). The theory, which primarily feeds off motivation, has conquered as an acceptably rational explanation for an individual decision-making process. The days when organizations were able to function and prosper based on their product, service, or structural innovations are no longer sufficient to keep them afloat. Nowadays, companies are required to pay extra attention to the leadership process that makes things happen.
According to the text, the “Path-goal theory is about how leaders motivate followers to accomplish designated goals” (Northouse, 2016, p.115). The basic idea is that leaders: defines goals, clarifies the path, removes obstacles
Reed, S. M., & Bogardus, A. M. (2012). PHR/SPHR: Professional in human resources certification study guide (4th ed.). Indianapolis, IN: Wiley Publishing, Inc. ISBN-13: 9781118289174
Path Goal Leadership Theory is a theory that says a leader can reward a follower to achieve the results need for the project or organization (Dewan & Dewan, 2010). There are four styles of leader behaviors in this theory. They are achievement-oriented, directive, participative, and supportive.
Impact. Human Resource Planning, 24 (4), 27-35. Missildine, C. (2013). From HR Metrics to HR Intelligence. HR Examiner retrieved February 12,
Path-Goal Theory helps you identify an effective approach to leadership, based on what your people want and your current situation. In this article, we 'll look at Path-Goal Theory, and we 'll explore how you can apply it to your own
Many theories have been introduced to shape the leadership approach. As in today’s world, it is important for one to have the most resourceful skill when it comes to leadership. It is being fulfilled by incorporating proper leadership approach. To fulfill the social needs path-goal is useful for a leader than any other theories to be successful. This theory is based on emphasizing a leader 's technique or actions that fit the employee and work atmosphere in order to achieve a goal within an organization. For leaders in an organization, it is crucial to motivating the subordinates to achieve a goal. This theory specifically sheds a light on why it is beneficial for leaders to utilize path-goal model over other theories. On the contrary, the
The implementation of the path-goal theory is to examine ways of how leaders are effectively able to remove obstacles from people’s lives (Laureate Education, 2012). To remove obstacles, a working set of goals are needed to attain overcoming personal, behavioral, or environmental object laid out in the valences associated with the barriers (House, 1971; Laureate Education, 2012). The obstacles are either familiars or unfamiliar to the leader requiring an exponential entrenchment to mobilized achieving the course of action (Laureate Education, 2012; House, 1971). Leaders who can recognize short terms goals to obtain permanent long-term working goals strategies needs to improve the process of failures caused by the class difference among followers,
Tracey, W. R. (1994). Human resources management & development handbook. Amacom books. Retrieved from EBSCOhost.
Reed, S. M., & Bogardus, A. M. (2012). PHR/SPHR: Professional in human resources certification study guide (4th ed.). Indianapolis, IN: Wiley Publishing, Inc. ISBN-13: 9781118289174
Noe, Raymond A., John R. Hollenbeck, Barry Gerhart, and Patrick M. Wright. Human Resource Management: Gaining a Competitive Advantage. 7th ed. Boston: McGraw-Hill Irwin, 2010. Print.