...This era has become very competitive and in order for organizations to be successful they need leaders to establish and manage relationships and lead their subordinates accordingly in order to achieve the company’s mission and objectivity. Leadership overall plays a very important role in the success of a company because the leader controls their subordinates behavior. If subordinates have uncertainties that are not directed accordingly it can result in an unhealthy environment, and in turn it will affect the growth of the organization, therefore good leadership is necessary. There are different leadership styles; a particular leader that will be discussed is Alan Mulally a CEO of Ford Motor. Alan faced many challenges and he impacted his business style on a corporate level as well as socially. Alan Mulally is one of greatest leaders, who managed business challenges effectively and because of his effectiveness he brought high profits to the organization. Mulally was an engineer in 1969. He handled various projects that were in relation to airplanes. One of Mulally’s greatest achievements was introducing the concept of “all digital” flight deck in the commercialized aircraft field. By 1993 Alan Mulally had had drastically climbed the ladder and became Vice President of Boeing. Alan Mulally was known to the commercial airline group as ‘Vice President of Engineering” (Biography: Alan Mulally 2011) Currently, Alan Mulally is the CEO and President of Ford Motors. Mulally joined...
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...Table of Contents 1.0 INTRODUCTION 7 2.0 WHAT IS LEADERSHIP AND CHARACTERISTICS OF AN EFFECTIVE LEADER? 7 2.1 WHAT IS LEADERSHIP? 7 3.0 LEADERS IN REVIEW: WHO IS MORE EFFECTIVE LEADER? 9 3.1 BIOGRAPHY - RICHARD BRANSON & VIJAY MALLYA 9 3.2 WHO IS THE MORE EFFECTIVE LEADER? 10 4.0 CONCLUSION 14 5.0 REFERENCE 15 1.0 INTRODUCTION The objective of this research paper is to analyse the differences between the leadership qualities of Richard Branson and Vijay Mallya and come to the conclusion as to who is more effective leader. The paper first defines the leadership and then briefly discusses the concepts associated with the leadership. It then presents two leaders with some brief biographies, characteristics and their contribution to their individual company. It would then conclude who is the more effective leader by providing with some aspects of leadership and leadership framework. 2.0 WHAT IS LEADERSHIP AND CHARACTERISTICS OF AN EFFECTIVE LEADER? 2.1 WHAT IS LEADERSHIP? Leadership is an interesting and widely discussed subject and has been described by James MacGregor Burns (1978) as “one of the most observed and least understood phenomena on Earth”. Northouse (2010) defines leadership being a process whereby an individual influences a group of individuals to achieve a common goal. The leadership definition that I favour and think is more suited to the 21st century is “The process by which an agent induces a subordinate to behave in a desired manner”...
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...Characteristics of a Good Leader Introduction Leaders have an important role within an organisation related to its success, productivity and the performance of the employees. The ‘fundamental task of a leader is to build and maintain a high performing team’ (Furnham, 2005, p.566). However, Yukl (2013, p.18) argues that there are numerous and diverse definitions concerning the concept of a leader as well as the term leadership, although a general consensus appears to suggest it involves a process of influencing and guiding relationships within an organisation . Guirdham (2002, p.15) emphasises the importance of leaders having good interpersonal and communication skills, which as Yukl suggest involves the ability to persuade others. Yukl (2013, p.18) further states there are additional factors that contribute to good leadership such as the situational context and the use of power. Another issue regarding the characteristics of leaders is that many theories and models have been based on Western perspectives (House and Aditya, 1997, p.409) and typically based on research with white males (Chartered Institute of Personnel and Development, CIPD, 2008, p.7). There is some cultural crossover in servant leadership, which according to Northouse (2013, p.219), was originally proposed by Greenleaf in the 1970s, and also has origins in ancient Eastern and Western philosophies; for example, it is deeply embedded in Arab-Islamic culture (Sarayrah, 2004, p.59). A further concern is raised...
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...3.) CHARACTERISTICS, TRAITS, AND BEHAVIORS OF EFFECTIVE LEADERS Characteristics and Traits of Effective Leaders Understanding leadership requires an understanding of leaders as individuals. This section will highlight findings about the personal characteristics and behaviors of effective managerial leaders. An assessment of the characteristics and behaviors of leaders translates into the idea that these same positive attributes of a leader will facilitate his or her effectiveness in comparable settings, such as customer service departments in different companies. Possessing certain characteristics and traits does not in itself guarantee success. Yet effective leaders differ from others in certain respects. Studying leadership traits is also important because a person who is perceived to embody certain traits is more likely to be accepted as a leader. Here we present a sampling of factors relevant to many work settings. 1. Drive and passion. Leaders are noted for the effort they invest in their work and the passion they have for work and work associates. Carol Bartz, the CEO of Yahoo, observes, “If you’re not excited, how can you get others excited? People will know. It’s like how kids and dogs can sense when people don’t like them.” 2. Power motive. Successful leaders exhibit power motivation, a strong desire to control others and resources and get them to do things on your behalf. A leader with strong power need enjoys exercising power and using...
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...Leadership and Entrepreneurship in Hospitality and Tourism Student ID: Submitted to: Course Title: Table of contents Introduction…………………………………………………………………………….2 Leadership characteristics……………………………………………………………2 Entrepreneurial characteristics………………………………………………………7 Conclusion……………………………………………………………………………..10 Bibliography……………………………………………………………………………11 Introduction: For the purpose of this essay, the author has decided to use these characteristics to analyze leadership style of Mr. Walt Elias Disney who had earned a good reputation in the entertainment and tourism industry in the 19th century. Leadership Characteristics: Academic literature on leadership has suggested some important characteristics which an effective leader should reflect in a particular situation. These characteristics can help one recognize a particular leadership style of an individual. The prime characteristic of a leader is to put his or her followers’ and organization’s need ahead of his own wishes (Kakabadse and Kakabadse,1999). Leadership style is not something which one can adopt according to his or her taste or interest but it is something to be adopted depending upon the situation that people or the organization is into (Horner, 2003). Walt Disney had laid the foundation of his company Walt Disney Corporation in the year 1923. Today the company is successfully executing several entertainment and tourism ventures such as movies, story books, costumes, clothing, toys, channel...
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...Notes, IB test 1 related to the customization vs standardization debate. Traditionally, purely environmental bases (geographic, political, economic, and cultural) were used as bases for international market segmentation. Proposes that international marketers group relevant markets based on both environmental as well as marketing management bases. The marketing management bases are classified as: (1) product-related; (2) promotion-related; (3) price-related; and (4) distribution-related Compare and contrast standardization with customization of international marketing strategies. The notion of globalization - a global firm pursuing a global strategy - is very appealing to managers. (Hardy, 1994, p365). As soon as the firms decide to expand into the global marketplace, the international marketing manager should determine what strategy would be adopted to mix the four P's of marketing: product, pricing, promotion, and place in the complex environment in future. In other words, the manager must decide either the standardisation strategy or customization strategy is suitable for the particular foreign market. 1.The meanings of standardization and customization strategies Standardization became a popular buzzword in the 1980s, as proponents such as Kenichi Ohmate argued that customers in the Triad were becoming increasingly alike, with similar incomes, educational achievements, lifestyles, and aspirations. (Manoney, Trigg, Griffin, and Pustay, 1998, p612). Therefore, standardization...
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...Successful Leadership in Business Successful Leadership in Business Liberty University Rachel Lake February 21, 2012 Abstract Successful leadership is motivational and interpersonal behavior within the organization. Effective leadership involves delegation of authority to the subordinate in an influential demeanor. In preparation of teams, managers assist by leading for the better achievement of the team. Successful leaders build and maintain a team that out performs its competitors. Survivability is one main focus of businesses today. There is no secret method or mysterious formula to become an effective leader. Trial and error is the process that determines whether a leader is a success or failure. Never stop learning and with practice your can increase your success in leadership. Introduction Successful leadership is a never ending learning and creative process of influencing others. You cannot call yourself a leader simply by achieving goals. Instead it is the long term ability to encompass all of these elements; being aware of your thoughts and actions, behaving in a way that encourages others to follow your behavior and inspiring others to improve upon their actions. “For success it is not enough to understand the industry, the technology and business models.” (Rizzatti 2005) Successful leaders have the expertise required for a position but also influence unity towards organizational goals. Any manager or leader, who strives for success, should acquire...
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...LDR 531 WEEK 3 INDIVIDUAL LEADERSHIP STYLE To purchase this visit here: http://www.activitymode.com/product/ldr-531-week-3-individual-leadership-style/ Contact us at: SUPPORT@ACTIVITYMODE.COM LDR 531 WEEK 3 INDIVIDUAL LEADERSHIP STYLE The paper has two parts. 1. Select and describe a leader you admire. Your selected leader may be either a real-life individual or a fictional character from television, the movies, or a book. Using leadership theories, analyze your selected leader to identify characteristics and provide specific examples of leadership qualities you think contributed to that person's success. 2. Evaluate your own leadership style and identify your own leadership characteristics in the same way ALONG with a plan to improve upon your leadership - which could include things likeundertaking specific training, joining professional association, seeking out situations at work or as a volunteer to develop your abilities. 1500 words Format your paper consistent with APA guidelines Evaluate your chosen leader and yourself, based on the leadership theories. This is a graduate program paper. Use the texts and course readings to analyze/discuss leadership style and characteristics. The texts have specific theories and models of leadership style. How does the style of your selected leader compare to such models? How do you compare to such models? Use two peer reviewed journal article in your discussion. There is a list of suggest journals in a posting...
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...Skills and Characteristics of Management Accountants Aileen Davey Adrian France* *Waikato Institute of Technology (Wintec) Tristram Street Private Bag 3036 Hamilton 2020 New Zealand Telephone: (07) 8348800 ext 8519 Fax: (07) 8348802 Email: Adrian.france@wintec.ac.nz Abstract In New Zealand there have been a number of articles about the changing profile of accountants in today’s environment. Recent debate is focusing on the goal congruence of educators and practitioners. Professional accounting bodies are also identifying the changing needs of the accounting professionals’ skill sets as a key area of future focus irrespective of what job title the accounting professionals operates under. This paper seeks to identify the key skills and characteristics of management accountants which are being looked for by employers in today’s market. Situations vacant for management accountants were surveyed. The results indicated that communication skills were advertised the most frequently, marginally ahead of technical skills. Of the Characteristics leadership was most frequently advertised. The survey in this paper confirmed the practitioners actions in situations vacant advertising are congruent with their requirements profiled as essential skills in potential employees, today’s students. Keywords: Skills, characteristics, management accountant, situations vacant, advertising. Advertised Skills and Characteristics of Management...
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...Business Ethics MGT 610 – Organizational Behavior Instructor – Jun 9, 2014 Business Ethics This paper will attempt to decipher the leadership style and techniques used by Robert Nardelli during his tenure as the CEO of Home Depot. To help decipher his leadership style, the paper will incorporate three leadership theories discussed within our text. The first leadership theory is the “Trait Theory”. Assumptions from the great man theory lead us to believe that people are born with inherited behaviors; certain traits, characteristics, and behaviors indicate that an individual is a born leader. A great leader is also born with a natural mixture of leadership traits. The second leadership theory is “Behavioral Therapy”. Assumptions with the behavioral theory indicated that leaders are groomed and prepared; they do not come prewired with innate leadership characteristics. The behavioral characteristics of a successful leader is a learned and honed skill attained through intense mentoring and practical experience. The last leadership theories this paper will discuss are the “Situational and Contingency Theories. Assumptions with the situational theory are, as the name suggest and based upon a leader taking the best course of action while taking into account the situation at hand. Based or dependent upon various situational factors, assumptions of contingency theory include proficiency and behavior of followers and the style of leadership the...
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...2 A contingency theory that contains mediating variables is o leadership substitutes theory o situational leadership theory o cognitive resource theory XXX multiple-linkage model Correct • 3 Which of the following is a characteristic of a positive charismatic? o Dependency on the leader o Centralized decision making by the leader XXX Devotion to ideology not personal identification o Information is restricted Correct • 4 One unique characteristic of followers in leadership theory is o skills and expertise o traits XXX task commitment and effort o confidence and optimism Correct • 5 Ideological leaders will develop when the leader o makes a rational appeal to followers XXX appeals to shared values o appeals to emotion o has particular expertise Correct • 6 Effective transformational leaders o select subordinates who will be loyal and uncritical o delegate most decisions to individuals or self-managed teams XXX use a combination of transformational and transactional behaviors o challenge strongly held values of followers to get their attention Correct • 7 Which statement about transformational and charismatic leadership is most accurate? o Charismatic leaders are more effective in business organizations o Both types of leadership are effective in any situation XXX Charisma is a necessary ingredient in transformational leadership o Both types of leadership involve the same underlying processes Correct • 8 Contingency...
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...Unit IV Case Study Professor Janice Spangenburg Current Issues in Leadership (MSL 6040-12C-3) January 20, 2013 Andra Rush, a minority female of Native American descent, was a nurse working on a Master’s degree in Business Administration. She started this journey in an effort to ensure employees were treated fairly in the workplace after hearing her co-workers complain. While caring for a patient and listening to him talk about his career in the transport business, Andra decided this would be a career she wanted to pursue. Andra Rush started a transport business that specialized in emergency shipping. She started with three transport trucks and never turned down a job opportunity. Andra rolled up her sleeves and did every tasks required to make this business successful. She drove the trucks to make deliveries, answered the phones, maintained the accounting books, and repaired the trucks when they needed maintenance. Andra was customer-oriented and strived to exceed the customer’s expectations. Her transport company grew to over 1700 trucks and 390 employees. The workforce was diverse with half from minority backgrounds and a greater number were female workers. Andra Rush attributed her business success to her Native American heritage and family values. She was an active listener and was honest and direct which demonstrated the values of integrity. She valued her employees and was very involved in community programs focused on assisting minorities (Hughes,...
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...Thought Leadership vs. Emotional Intelligence In today’s ever- changing business world there are many styles of leadership that can be found within an organization. Finding a leader that creates innovation and success is a challenge for any business. A leader can be defined as someone who takes charge, leads, commands others, holds a position of power, or guides people within an organization to reach a desired outcome (McCrimmon, 2005). In their articles McCrimmon (2005) and Goleman (1998) provide an in depth look into how leaders emerge, and what characteristics are essential to successful leadership. McCrimmon details the emergence of thought leaders within a group in contrast to traditional hierarchical leadership roles of the past. In his article, Goleman reviews the five dimensions of emotional intelligence and how possessing these traits can positively impact business culture. Thought Leadership In McCrimmon’s (2005) article Thought leadership: a radical departure from traditional, positional leadership, he states that leaders emerge rather than being selected by the organization. For example when an idea is presented to an organization and the idea becomes widely accepted or adopted, thought leadership has taken place. Thought leadership differs from traditional and informal leadership models. He explains that informal leadership refers to a situation where one member of the group takes on the role of leader for a special project or group, but in fact has...
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...Characteristics of Leader Effectiveness An effective leader is someone who is passionate about their goals and knows how to motivate, inspire, and influence others to come together and work as one to reach a common goal and conduct compelling and important changes. The realization of some kind of qualitative or quantitative result because of the actions and influences of an organizations leader is essentially how to evaluate their effectiveness. The characteristics of effectiveness, of course, depend on the goals of the leader and the organization. The fundamental characteristics of what makes an effective leader are mostly universal, however, the characteristics of leader effectiveness from one organization to another may have unique similarities and differences. This paper will serve as an analysis of similarities and differences in characteristics of effectiveness for several familiar leadership roles including an assistant coach, a teacher, and a minister Identify the characteristics by which the effectiveness of the following leaders might be evaluated: an assistant coach, a teacher, and a minister. Prioritize and explain the rationale for these characteristics In business, the effectiveness of leadership and organizational performance are usually evaluated by using parameters such as balance sheets, bottom lines, market shares, revenues and shareholder values (Svenson, 2005). However, evaluating the effectiveness of leaders in a business organization can be vastly...
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...Entrepreneurial Leadership Jessica M. Jones Dr. David Rall The Business Enterprise April 22, 2011 Abstract Leadership to any entrepreneur is vital to the success of business operations. In today’s economy individuals that possess the entrepreneurial characteristics should take advantage of this opportunity. Businesses are no longer worried about who will be their competitors. Organizations now are more in tuned with protecting and securing the businesses from deflating. Together, the suggested findings will illustrate what it takes for entrepreneurs to motivated, what attributes leaders need to influence, and the philosophy one should consider when starting an entrepreneurial business. Keywords: Entrepreneurial Leadership, philosophy, type of organizations, small business administration Entrepreneurial leadership is the key attribute to any successful organization. The competency to lead by example defines a great leader. With recent years, leadership has been described as the ability to empathize with others, communicate effectively, and perform consistently. These are not the only characteristics that illustrate leadership. According to James Kouzes (2008), there are five (5) basic principles to rise to leadership that any leader could implement in order to motivate: “(1) Model the ways, (2) Inspired shared vision, (3) Challenge the process, (4) Practice/enable others to act, and (5) Encourage the heart.” AOL chairman and CEO, Steve Case, also has a set of entrepreneurial...
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