...Final Exam BUS520/Leadership and Organizational Behavior • Define leadership. Discuss the reasons as to why leadership plays a critical role in the field of Organizational Behavior. Compare and contrast the following leadership theories/styles: 1. Trait Theory 2. Path Goal Theory 3. Transformational Leadership 4. Autocratic Leadership Leadership is the process of influencing others and the process of facilitating individual and collective efforts to accomplish shared objectives (Schermehorn, Osborn, Uhl-Bien, Hunt 12th Edition 2012). In our day-to-day life, leadership can be viewed as either actual or potential. Leadership is an important function of management, which helps to maximize efficiency and to achieve organizational goals. A leader is a person who starts the work by communicating the policies and plans to the employees from where the work actually starts. A leader proves to be playing an incentive role in motivating employees with economic and non-economic rewards. A leader not only supervises but also plays guiding role for all employees to help them perform effectively and efficiently. Strong leaders have the ability to encourage and nurture those that report to them. They are also able to delegate in such a way, as people will grow. Leaders are looked at as role models that lead by example. ...
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