Business Psychology/consulting/Industrial Psychology
Business Psychology/consulting/industrial Psycholog
Transformational leadership plan is a process moving leadership positions from one person to another or from one generation to another. Two major theories in relation to leadership transition plan are contingency theory and behavioral theory. Contingency theory emphasizes that there is no leadership style, which can stand alone as a proper leadership style. From the internal and external environmental factors, a leader should adapt to any given situation because leading has no redefined path. Behavioral theory emphasizes that great leaders are not born but made. The theory states that any leader can be more effective through teaching, experience, and observation. The theories can be applied in case of a sudden departure, for strategic leadership succession, and a possible planned departure (Ismail & Yusuf, 2011).
Merger transition plan is a process where two or more companies joined such that they can benefit on large capitals, reduce competition, and benefit on decision making through contribution of opinions and ideas. Disciplinary and synergistic are the major merger theories. Synergistic merger theory is emphasized on the efficiency achieved by the managers by combining and aiming at the same target. Competition will be reduced since the companies are working together to meet one target. Disciplinary merger theory emphasizes on companies targeting managers who pursue objectives rather than maximizing profits working on poorly performing organizations. The theory suggests that when the managers work together under new management full potential of the target will be realized. The theories and the transition planned are applied to reduce competition and utilize highly performing managers in poorly performing organizations (Bass, 1990).
Goal-setting plan is the process of establishing measurable, realistic, achievable, time-targeted, and specific goals. It is a useful tool used in ensuring that a group of employees working together to achieve a common goal are clearly aware of what is expected to contribute. The theory in relation goal setting is Locke and Letham's approach, which emphasizes that goals set and appropriate feedback, will motivate employees to work aiming the same target and in turn improving the performances. The plan and theory are...
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