Leadership - Central Core of Organizational Success

Leadership - Central Core of Organizational Success

Effective Leadership in Corporations

you didn't mentioned anything about (For each theory explain how it might benefit a named organisation as well as how it could be incorporated effectively into the organisation.

Introduction to Leadership

What is leadership? A leader could be interpreted as someone who sets direction in an effort and influence people to flow the direction, helps them to establishment to goal, guides them towards achieves these goals, thereby allowing them to be effective. A leader is one who influences others to attain goals. The greater the number of followers correlates to the greater the influence. Additionally, the more successful the attainment of worthy goals, the more evident is the leadership. However, one must explore beyond this bare definition to capture the excitement and intrigue that devoted followers and students of leadership feel when they see a great leader in action. Therefore, employees should seek to understand what organizational leaders really do and to learn what it really takes to become a truly outstanding leader.

Theories & Models

The general interest in leadership increased during the early part of the twentieth century. Outstanding leaders combine good strategic substance and effective interpersonal processes to formulate and implement strategies that produce results and sustainable competitive advantage. Leaders may launch enterprises, build organization cultures, win wars, or otherwise change the course of events. They are strategists who seize opportunities others overlook, but they are also passionately concerned with detail all the small, fundamental realities that can make or mar the grandest of plans. Hence, it is a little overwhelming, especially when inundated with numerous theories about leadership such as, X & Y theory, path-goal theory, charismatic, traits theory, Vroom model, and contingency theory, etc. Additionally, numerous leadership styles exist in which a manager can employ, such as laissez faire, transformational, employee-centered, tasks-centered, close supervision, participative, democratic, or autocratic (Elliott 2011).

Task 1

Describe two current leadership theories, identifying the advantages and disadvantages of each. For each theory explain how it might benefit a named organisation as well as how it could be incorporated effectively into the organisation.

Transactional Leadership

Transactional leadership was described by Max Webber in 1947, and then by Bernard Bass in 1981. The transactional leadership theory is widespread and commonly used inorganizations (e.g. military). It is based on transactions or deals made between an employee and an organization or between followers and leaders. A transactional leadership is based on a military like clear chain of command with a 'Carrot and Stick' philosophy. In short, it is a proven method of running an organization wherein, through reward and punishment, things are done! The main motivation behind transactional leadership is taught to be in the self-interest of the subordinate. There is an exchange process that is meant to affect a subordinate's behaviour in a positive way.