¶ … leadership and management. The writer defines the terms as well as discusses the three most important issues in leadership today. There were seven sources used to complete this paper.
Worldwide globalization has brought many positive things to the business world including better trade abilities, more communication devices, and additional consumers. The globalization of the business world has blended cultural and tradition beliefs with technological advances to produce a new world of business to be enjoyed and shared. This new way of doing business has brought about many changes at all levels. One of the most important levels of change is happening at the top of the chain, among leaders and managers. As the world continues to globalize and technology keeps opening new possibilities it will become more important for leaders to keep pace with the process.
DEFINING LEADERSHIP
One of the most important things to do if one wants to improve leadership in their organization is to define what leadership consists of. Leadership as defined by dictionaries is to lead. This can be applied to many aspects of life including school, politics, social functions and business (Issac, 2001). Each area holds certain requirements that the leaders must possess. Business leadership used to be narrowly defined as one who set the pace, defined the rules and determined consequences. Today that is no longer true and businesses across the nation are scrambling to redefine the role of leader (Issac, 2001).
In today's economic and global climate leadership can be probably defined best with the word mentor. This definition encompasses many duties including delegation, guiding, responsibility and innovation. Leaders of today's business must be able to have a vision of the future and then be able to visualize an innovative and clear cut path to get there.
Leadership is the ability to create a vision, then embrace its components, and finally communicate with others so that it can be followed through on and completed. Leadership integrates the delegation of responsibility with personal management at every level of the business (Issac, 2001). Years ago leadership meant the taking of credit for things that went right and passing the buck for things that went wrong. Over the past several decades the meaning of leadership has come full circle and today it means accepting responsibility for the outcome regardless of its reception. In addition current leadership skills include sharing the accolades of success with those who worked together to make it happen, while not blaming those people if the vision fails. Leadership is allowing people to self-manage and self-motivate, yet being available to guide someone who needs help getting back on track. While leadership used to be a heavy handed venture with top heavy power, the effects of worldwide globalization have tempered it with the incorporation of more equal footing.
Leadership is the act of guidance in which a vision or goal is aimed for and steps are encouraged at all levels to reach those goals. Leadership promotes best efforts, and shows by example the best path to the goal. Leadership success is often based in the ability of the leader to communicate effectively with many levels of the business. "The results showed that people who worked under a charismatic leader generated more ideas and reported greater job satisfaction than those with structuring leaders (Laver, 1996). In addition, students with charismatic bosses performed at a higher level, displayed higher satisfaction and developed stronger bonds of loyalty than those with considerate leaders, despite the latter's efforts to be sociable (Laver, 1996). "
The definition of leadership has not only changed because of the current worldwide globalization, but also because of the equality of women that has been worked for over the last four decades. The females in the business world possess many leadership qualities that have a positive impact on those that they work with. Leadership is not gender specific, but is rather trait specific if it is handled in a successful manner (Klarsch, 1997).
THE DIFFERENCE BETWEEN MANAGER and LEADER
Many people have the mistaken belief that a leader and a manager are always one and the same. While this is true in the sense that all managers are also leaders, the reverse does not have to hold true. Leaders can be those who are charged with the responsibility of overseeing the managers of a business or project (Alred, 1996). While a leader does help manage in a sense, because they have to guide those who work on the project, they are also often defined as separate...
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One reason has to do with the intellectual hurdles that senior executives jump in obtaining their jobs. It takes at least an IQ of about 110 to 120 to get an advanced degree such as an MBA. There is thus a high selection pressure for IQ in order to enter the executive ranks." (p. 250) The text goes on to argue that the result is that there is not a
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There are other potential challenges as well. For example, if the foreign partner does not uphold its end of the bargain. For example, Bharti takes on a foreign partner to gain managerial controls and technology transfer, but one or more of those elements fails to materialize. The result could be that the venture fails, or that Bharti is forced to take extra steps to shore up the venture. 3. With respect
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