Key Leadership Theories and its Applications to Real World MNGT 320 CWA Yicheng Fang Student ID: 33189706 Lancaster University Management School Table of Contents 1.Introduction 3 2. Key Leadership Theories and its Applications in the Real World 3 3. Conclusion 10 References 12 1. Introduction Leadership is defined as the organizing and maintaining a group of people in an organization to attain a common goal (Kouzes and Posner, 2006). Leadership is the process of influencing an individual socially in order to accomplish a common task.
When we think of motivational leadership, it is an art form where a leader implements a model and strategy for influencing people to follow them, and has the ability to uplift and inspire people to perform at their best. They are interested in building a safe and trusting environment, as well as ensuring the company is positioned to be successful in the marketplace. Is Warren Buffett a motivational leader? This analysis will answer a series of questions about Warren Buffett, CEO Berkshire Hathaway Company. This paper will provide a brief biography, discuss the CEO's perspective on leadership, skills necessary for successful leadership, the leadership style used, and advice Buffett may offer about being an effective leader.
They foster the communication of leadership ideas to accomplish the shared vision. Transformational leaders are able to overcome personal challenges, are energetic, are usually physically fit, and possess job knowledge and cognitive ability. (Sosik & Cameron, 2010) Transformational leaders like to achieve team goals quickly and foster a sense of purpose to unite their followers. The visionary leader can see how things could be in the future. They do not focus on how good or bad things may be in the present.
In the new era of rapid changes and knowledge-based enterprises, managerial work becomes increasingly a leadership task. Leadership is directing or inspiring people to attain organizational goals (Boone and Kurtz, 2011). Leadership is the primary force behind successful change. When it comes to the concept of Entrepreneurial Leadership, leaders empower employees to act on the vision. They execute through inspiration and develop implementation capacity networks through a complex web of aligned relationships.
Executive Summary From the case study one can see that Nestle is a typical organization that strives for the best. There transformation process is geared towards establishing a high performance organization. The key pillars of their strategy are to be recognised as a preferred corporate citizen, preferred employer and preferred supplier of a preferred product. The following questions will give insight into Nestlé’s strategy to become preferred employer and how. Question: One Strategic Human Resource management can be thought of as “the pattern of planned human resource deployment and activities intended to enable an organization to achieve its goals.”(Friedman & Stickler cited in Noe, 2008:69).
At present it has a bright future. M-TRONICS has to consider every alternative they have in order to make sure that their organization is able to continue with its growth strategy. . The alternative that is mentioned below for M-TRONICS will allow them to solve the issues that are being restricted in the organization's growth strategy. After analyzing the main issues and the internal and external factors, the best alternative for M-TRONICS is to realign the organization so they can think closely about on one strategy and one focus.
Sir James Dyson: Learning to Achieve Sir James Dyson: Learning to Achieve The meaning of the word innovation means to translate an idea or invention into something of good use for mankind. Even though the product is created and has a price that must be paid it can be used to further humanity. Most people usually think of creators or inventors to meet a certain type of profile to be mentally focused and determined to be able to make things. We look deeper into this profile and we find a cross in the road. Most innovators are looked at to also be entrepreneurs.
Assignment #1: Entrepreneurial Leadership 1) Discuss the common elements described in the theories/philosophies of Case, Kouzes,and Drucker including how their principles/strategies relate to the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial Leadership in today’s Dynamic Markets. Case, Kouzes and Drucker have different perspectives on their definition of entrepreneurial leadership. Each of these players has made an excellent job describing the characteristics of the new leader on this changing market. They have used their own experiences, built their case and made their own research to come up with these results. The principles that Case uses are People, Passion and Perseverance.
Briefly outline the key principles of coaching and evaluate its contribution to Leadership development “Coaching is unlocking people’s potentials to maximize their own potential”. It is majorly about helping individuals learn in contrast to teaching them. Coaching is an art of facilitating the development, learning and performance of another i.e. partnering with clients in a thought-provoking and creative process that inspires them to maximize their professional and personal potentials. Coaching assesses the current opportunities and challenges of individuals and organisations, thereby defining the scope of the relationship, identifying priorities for actions and establishment of specific desired outcomes.
Further analysis of Branson’s leadership style describe his approach as that of a more transformational one. In this type of leadership, the leader continuously anticipates futuristic trends, develops future leaders and actively provides an ongoing inspiration for employees to look forward to future possibilities regarding long-term goals and recognition (Ahmed, 2011). If we take a look into Richard Branson’s founding organization the Virgin Group and how it has been impacted, we can certainly characterize some of these components relating to that transformational leadership style. For instance, in one component relating to the individualized consideration of employees, the leader presents them self as a mentor who listens and attends to any concerns requiring attention. That mentor also encourages an open communication to be available at any time.