Economics: Leadership and Subordinates Essay

Submitted By goatcatlove
Words: 8162
Pages: 33
Open Document
Overview of the Chapter

Leadership is a key ingredient in effective management. When leaders are effective, their subordinates are highly motivated, committed, and high performing. When leaders are ineffective, chances are good that their subordinates do not perform to the level of their capabilities, lack motivation, and may be dissatisfied. This chapter describes what leadership is and examines major leadership models and theories that have been developed by various researchers. It also describes how managers engaging in transformational leadership can have a dramatic impact upon their organization and discusses the impact of gender on leadership.

Learning Objectives

1. Describe what leadership is, when leaders are effective and ineffective, and the sources of power that enable managers to be effective leaders.
2. Identify the traits that show the strongest relationship to leadership, the behaviors leaders engage in, and the limitations of the trait and behavior models of leadership.
3. Explain how contingency models of leadership enhance our understanding of effective leadership and management in organization.
4. Describe what transformational leadership is, and explain how managers can engage in it.
5. Characterize the relationship between gender and leadership.

MANAGEMENT SNAPSHOT: EFFECTIVE LEADERSHIP STYLES FOR TOUGH TIMES: LESSONS FROM HOWARD SCHULTZ, RICHARD SCHULZE, DAVID FARR, AND LOU GERSTNER

Each of these persons is a current or former chairman or CEO. Their companies compete within different industries. What they have in common is that as leaders, they developed effective strategies that helped their respective companies to deal successfully with the challenges that it faced. Each focused on building their company’s competitive strengths, which enabled it to weather and eventually overcome tough economic times with less fallout than most competitors.

1. How do we know that each of these leaders has been effective?

When leaders are effective, the influence they exert helps a group achieve its performance goals. Effective leadership increases an organization’s ability to meet and overcome challenges in order to succeed. In this case, each of these CEOs developed an effective leadership style that enabled their company to perform successfully in spite of the challenge presented by tough times.

2. Can these leaders be described as transformational?

Yes, each of them is a transformational manager. Transformational leaders are excited and enthusiastic about their vision and clearly communicate it to their subordinates. Each of these leaders had a vision of how things could be improved in their organization that contrasted with the status quo, and each led the way toward towards positive change, resulting in improved organizational performance.

LECTURE OUTLINE

I. THE NATURE OF LEADERSHIP

Leadership is the process by which a person exerts influence over other people and inspires, motivates, and directs their activities to help achieve group or organizational goals.

When leaders are effective, the influence they exert helps a group achieve its performance goals. When leaders are ineffective, their influence does not contribute to, and often detracts from, goal attainment.

Effective leadership increases an organization’s ability to meet all challenges, including the need to obtain a competitive advantage, the need to foster ethical behavior, and the need to manage a diverse workforce fairly and equitably.

Personal Leadership Style and Managerial Tasks

A manager’s personal leadership style illustrates the specific ways in which a manager chooses to influence other people and shapes the way that manager approaches the principle tasks of managing.

Managers at all levels have their own personal leadership styles, which determine how they lead and how they perform the other management tasks.

Developing an effective leadership style is often a challenge for
Show More

Related Documents: Economics: Leadership and Subordinates Essay

Different Approaches to Leadership and Its Role in Management Essay

Different approaches to Leadership and its role in Management Introduction:- - Leadership:- Leadership has been described as “a process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task". Leadership occupies the central position in Management. Leadership is visible, yet seems to baffle diagnosis, its construction and synthesis from out of the perceived elements. George.R.Terry believed leadership is the activity of influencing…

Words 1803 - Pages 8

Essay Microsoft Word 3

the job in one totalitarian and bureaucratic system with clear hierarchy at special times. Similarly, nowadays different organization also has strict hierarchy and generally there are mainly two roles in one organization. One is leadership and another one is subordinate. Everyone in that group has different responsibility and function. How to be a competent member in one organization? This is a question uncovered in that article by Kerwin, one psychologist being sensitive in business and management…

Words 1016 - Pages 5

Team Management and Leadership Essay

Team Management and Leadership Table of Contents Cover Page 1 Table of Contents 2 Part A 3 Introduction 3 Background 3 Body 4 Forming 4 Storming 6 Norming 8 Performing 10 Adjourning 11 Conclusion 12 Part B 13 Introduction 13 Background 13 Body 14 Transactional Leadership 14 Strengths 14 Weaknesses 14 Application and Effect 15 Transformational Leadership 17 Strengths 17 Weaknesses 17 Application and Effect 18 Synthesis of two Leadership Styles 20 Conclusion 21 References 22 Part A 22 Part B 23…

Words 4065 - Pages 17

Document2 Maria Fernandes Essay

(level 2) 2 Type chapter title (level 3) 3 Type chapter level (level 1) 4 Type chapter level (level 2) 5 Type chapter title (level 3) 6 Introduction This report will discuss about the effect of different leadership styles may have on motivation of employees during periods of change, comparing the application of different motivation theories within the workplace and the usefulness of motivation theory for mangers. Nevertheless, also this report will explain…

Words 1037 - Pages 5

Transactional Leadership

Uysal, 2013). This type of leadership can be effective because the achievement of goals is at its center. The motivation is extrinsic but the employees are still performing because they want the reward. Okçu (2014) found in his study that transactional leadership was not as effective as transformational leadership in terms of working with a diverse staff, but it had a low level positive effect. Aydin et al.(2013) performed a meta-analysis of studies done on leadership styles and job satisfaction…

Words 4482 - Pages 18

Dating One Person Compated to playing the field Essay

Since the early 1970's, the rise of feminism and changing American economics have fostered a dramatic increase in the number of female supervisors. During the course of one's career, encountering a female manager in the work place increases in probability. Clearly, some differences between female and male executives can be anticipated. As a result, male and female managers may be compared to determine which is preferable for the employee in the areas of working personality, managerial style, and…

Words 760 - Pages 4

Leading For The Future

workers being increasingly knowledgeable and aware than over the previous decades, leading to the weakening of the power and respect that a leader could command over his or her subordinates. Secondly, in line with the increased knowledge, workers of the current era are more ambitious and driven towards being in a leadership role, at a much earlier stage than the workers of the earlier decades would have aspired to. Thirdly, with the advancement of technology and breakdown of global trade barriers…

Words 1129 - Pages 5

Essay on Leadership and Theory

Leadership Theory Assignment 7013BUSME- 201112- SEM2 Michelle Wood Contents Page Introduction 3 Trait Theory 3-4 Skill Theory 4 Style Theory 4-5 Situational Leadership Theory 5-6 Contingency Theory 6-7 Path Goal Leadership Theory 7-8 Leader Member Exchange Theory 8-9 Transformational and Transactional Leadership 9-10 Authentic Leadership 10-11 Conclusion 11-12 References and Bibliography 13-16…

Words 5656 - Pages 23

Learning And Leading In A Dynamic Era

Project Part 3: Leadership Critic Submitted by: Dennet Woodland Introduction Of the many leadership concepts that have been studied in the module so far, some stick out as having the most efficacy; situational and transformational/servant leadership. In the research done to date, some scholars have separated these three leadership approaches into distinct concepts but others have suggested that they should not necessarily be used exclusively. Indeed, McClesky argued that no one leadership approach should…

Words 1647 - Pages 7

Essay on Leaders vs Managers

Although, a leader and manager do not need to be one and the same, I do think that in order to be an effective manager one need to have some leadership skills. Some people believe that just because a person is a manager that it makes them a leader I think that this truly depends upon the situation or the position that they hold. Although managing and leading are in the same family, they are…

Words 1238 - Pages 5