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Similarity and differences of leader-member exchange
Similarity and differences of leader-member exchange
Similarity and differences of leader-member exchange
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As we’ve learned over the course of the semester the definitions and qualities of a good leader. We also discussed the best ways to handle and make an organization a competitor advantage in respective of what it does, and finally the assumption, understanding and implementation of change for the betterment of an organization. Jack Welch 's theories and ideas he discussed in the articles are not exempt from the lessons I learnt from the class. The paper will discuss Jack Welch 's leadership style, his ideas and actions that made him the greatest CEO of all time. Jack Welch believed that all leaders need to have a reality of the organization 's mission. He believed that leaders don 't need to assume and stay ideal but that need to face the reality of the situation, and also work towards it. For instead when Jack Welch found the problems (losing of market value and a lot of bureaucracy) that the GE company was in, he did not just assume that things will turn around in a good way with time but rather, he developed some strategies to face the reality, to make things better. He first looked at the organization 's problem with fresh eye, he tried not to fall into the "false scenarios ' trap and finally he had several options in case …show more content…
The meetings enabled Kathryn to come up with the five main dysfunctions of the senior management, it solutions, and was able to transform the team to become a high performance team. This meeting helped the team to discuss their feelings, problems within the organization, and things that will help promote success within the organization. These meetings helped members to build trust, commit to the team 's goal, easily held each other accountable, and was able to produce productive
Denisco & Barker, (2016) discusses the foundation of leadership and the four conceptual pillars that comprise it. Understanding the leadership is a responsibility of an APN, the following final question was posed to Ms. Gordner. “Of the four pillars of leadership; professionalism, inspirational motivation, interpersonal relationships, and business skills, do you feel that one is more important than another, and why?” She responded,
Across the globe, there are CEO’s, managers, and several other individual’s in leadership-type roles that have the expectation of making their company successful in the eyes of the investors, the employees, and the customers that they serve. This may be measured by a company’s gross profitability, employee engagement or overall customer satisfaction. Most companies have leadership models and strategies in place that leaders are expected to use in order to drive the expectations of the company while maintaining consistency across the business. In an effort to examine various types of leadership styles, I have conducted interviews with two individuals that are or have been previously tasked with leading their teams and their company towards success.
CEO Johnston also has plans to bolster the company’s leadership with the best minds available and also use motivational techniques to invigorate his employees. These ideas show the character of the CEO in enhancing productivity from his work force.
John P. Kotter, a worldwide famous expert on leadership at Harvard Business School, was a graduate of MIT and Harvard. He joined the Harvard Business School faculty in 1972 and who was voted tenure and a full professorship at the age of thirty-three in 1980. Kotter's honors include an Exxon Award for Innovation in Graduate Business School Curriculum Design and a Johnson, Smith and Knisely Award for New Perspectives in Business Leadership. He again gained the title as the #1 ¡§Leadership Guru¡¨ from a survey for 504 enterprises that was conducted by Business Week magazine. Outline of this book
“The team is faced with creating cohesion and unity, differentiating roles, identifying expectations for members, and enhancing commitment. Providing supportive feedback and fostering commitment to a vision are needed from the team leaders (Developing Management Skills).” ... ... middle of paper ... ...
With that interview, I have learnt a lot of leadership styles and motivational theories, which I studied in my University lectures from Mr. John. This paper is the reflection of what I learnt from him.
Mr. Brinker is well known for his leadership abilities; however, he first became a winner through his management skills. Being able to plan, budget, organize, and hire the right staff to get the job done led to his success with Steak and Ale. Moreover, Brinker’s vision was a key aspect that led him to become an accomplished leader. The leadership process he incorporated allowed him to set goals and directions for his Company. His charismatic style empowers and motivates people within his Company to work toward these goals and incorporate change within the organization when necessary. Through his powerful leadership style, Brinker molded many followers ultimately transforming them into future leaders.
“The Five Temptations of a CEO” by Patrick Lencioni is a must read for every aspiring business major. The book covers many very critical concepts that most business students have very little knowledge of. Self-examination is the stepping stone to becoming a successful CEO. Every CEO encounters difficulties and must know how to recognize them in order not to fall victim to the Five Temptations of a CEO. The Five temptations are status over results, popularity over accountability, certainty over clarity, harmony over conflict, and invulnerability over trust.
Sears Holdings is a company in transition. Now, faced with adversity and the threat of bankruptcy looming its leadership has come under scrutiny. “Great leaders not only have drive; they want to lead. Also important is a high need for power, a preference to be in leadership rather than follower positions. A high power need induces people to attempt to influence others, and sustains interest and satisfaction in the process of leadership. When the power need is exercised in moral and socially constructive ways, rather than to the detriment of others, leaders inspire more trust, respect, and commitment to their vision (Bateman, pp 399, 2007).”
In a firm, management and leadership are important and needed. Leadership and management are similar. Actually, leadership and management are totally different. The leadership would influence the firm. The leader would have difference leadership styles to lead the subordinate.
Warren Buffett, the CEO of Berkshire Hathaway, which owns many different companies, is one of the most successful business leaders of our time. According to Howard (2014), he is the second richest American, coming in at a net worth of over $70 billion. Besides his personal net worth, Berkshire Hathaway is the fifth-most valuable public company in the United States at $350 billion (Howard, 2014). While he is clearly a very wise investor, Warren Buffett is also a successful leader. As stated by Spindler (2010), leadership is a crucial part of any successful business, and good leadership is what Mr. Buffett portrays. The analysis given in this paper will show Warren Buffett’s values and leadership qualities, his leadership style, as well as looking into his influence he has on his followers.
House et al. (2007) discovers that leadership and Organisational culture are closely linked together as leaders influence the culture of their organisations. Researches talk about a range of leadership definitions but it is not easy to define. (E.g. Western, 2008; Yukl, 2010). However, Cohen (2009) critically analyses definitions from Dracker (1996), Eisenhower (1969), Northouse (2004) and finally summarised the definition of leadership constitutes five elements. First of all, ask question to set direction, which means effective leaders need to listen to followers’ voice respectfully and then share the common goals and ideas with them. In addition, leaders need to seek insights and allocate resources optimally; act ethically; allow their employees to work in a conformable and most effective way. This essay will explain different leadership styles and how they influence the organisations with examples of organisations and leaders with main focus on well-known entrepreneur: Sir Alan Sugar. He grows from nothing to incredible success (£ 730 million), is a legend in the UK business history; his reality TV show “The Apprentice”, a great entertainment for recruitment appeals to the public without reasons. However, he as a person is controversial amongst people, probably due to his leadership style as bullying or harassment (destructive). There are four schools of leadership styles: Trait, behavioural, contingency and transformational. Nevertheless, in the case of Alan Sugar, trait and transactional styles match him which will be illustrated following in detail.
The selection of contemporary leader book was challenging at first, however after considering the attributes and qualities of different leadership styles Steve Jobs: Ten lessons in leadership written by Michael Essany was the best choice. This book discussed what can be learned as a leader and the lessons are relevant to my own leadership style. There is a direct relationship of the lessons and Steve Jobs’ leadership style identified including wait for nothing, fail big or don’t bother failing, limit your confidence to your field, there’s no substitute for passion, consider your legacy before you have one, and there’s always ‘one more thing’ (Essany, 2012). The lessons illustrated that Steve Jobs was progressive in his thinking and relentless to develop technological advancements that consumers could not live without. Therefore, Steve Jobs leadership style was influential and other entrepreneurs need to utilize these lessons in pursuit of similar success.
Leadership is one of the most important facets in organizations. In most cases, leaders act with respect to organizational culture as well as the codes of conduct that determine the manner in which leaders relate with subordinates. Leadership entails the use of effective communication skills to get activities done in the workplace and to ensure that employees shelve their individual interests for the sake of their organizations’ shared targets. It is the role of leaders to ensure that consumers attain high quality products and services by making certain that members of their firms’ workforce are fully motivated to work effectively and utilize resources in an efficient manner (Bass, 22). With the increasingly sophisticated nature of the corporate world, leadership should not be based solely on the desire to control and coordinate affairs within the workplace, but leaders should also exhibit positive examples and continually monitor the changing trends in corporate governance to initiate the most relevant guidelines. Competitiveness can only be attained when leaders are in a position to set the right standards in their firms and coordinate affairs appropriately by understanding consumer and employee needs.
Leadership, without doubt, is a significantly important function of management. It helps to aggrandize efficiency and to fulfil an organization’s goals. Leadership is the ability of a manager to induce the subordinates to work with confidence, determination, courage and zeal. It is also defined as ability to influence a group towards the realization of a goal. Leaders should have the capability of developing future visions, and to drive the organizational members to want to attain the visions. This paper states my points in which I duly believe, justifies the importance of an outstanding leader in any organization.