Key Leadership Theories and Its Applications to Real World

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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. According to Schein (2010), a leader is someone who guides the employees to achieve the organizational goals or the leader is someone whom people follow. There are various leadership theories that have been introduced in the world such as trait leadership theory, behavioural leadership theory, contingency theory and transactional and transformational leadership theory. In my opinion, each leadership theory has its own advantages and limitation when we apply it to the real world. This essay analyses the three leadership theories and its application in the real world: situational leadership, servant leadership and transformational leadership. 2. Key Leadership Theories and its Application in the Real World 2.1 Situational leadership The situational leadership theory is developed by Ken Blanchard and Paul Hersey, which refers to the manager or the leader in an organization, who adjust his management or leadership theory to fit the development level of the employees. According to Yeakey (2002), situational leadership is widely used in the organizations by the managers to successfully achieve the organizational goals. In contrast to this, Yukl (2002) argued that this is a less substantial model as there is no strong evidence and empirical support for this theory. Lee-Kelley (2002) studied that situational

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