Even though followers or subordinates must be treated fairly no two people are alike, thus, it is important that a leader be equipped with the ability to deal not only with the group dynamic, but with individual personalities. Different people have a different hierarchy of needs and, therefore, need to be managed diffidently, if they are to reach their potential. For example, persons in high “nAch” may require more frequent performance feedback (Gibson, Ivancevich, Donnelly & Konopaske, 2009). Therefore, in order for any leader to be successful it is necessary that he understand the different theories. This will allow the leader to apply the appropriate leadership style depending on the situation, the people, and the internal and external forces that the leader and the organization may be facing.
It is widely known that motivation plays a great role in the life of people. Motivated students have better results while motivated workers are more efficient (Kase, 2010). That is why, it is very important for a leader to be able to ensure they follow all actions, which are planned by him/her, are the only possible variant for the development of a company or organization. Additionally, very often people even surpass expectations because they work with a high level of motivation (Motivating Your Members, n.d.). They trust their leader and know that all their actions will lead to some visible results which, in their turn, can influence the level of incomes of workers.
If one does not have a positive outlook on leading or a learnable behavior then they will not make a good leader. The leadership styles autocratic and persuasive are similar to rule two, making things happen stated by the author. The autocratic leadership style is leader solving the problem or making a decision with the information available. Rule two is being able to execute your ideas and decisions right away. Execution requires not only that change occur, but that new patterns emerge as old patterns are exposed.1 The leadership style persuasive is related to the authors leadership style by a leader stating why their idea is the best for whatever task being executed.
It is the nature, vision, and upbringing of the leader which helps them to determine which leadership theory fits them the most. A leader is the one who helps others to accomplish the goals. If there is any kind of intervention in the leadership style then most probably it would fail as the employee would be no more interested to work under the leader. A leader is someone who inspires others, helps them to view a goal and motivates them to achieve the goal. In a workplace, leaders come and go but the important thing is that leader who inspires others will leave a mark for the lifetime.
Whitehead claims that ‘you don’t have to be a boss to be a leader’. As long as you possess the qualities that produce effective leadership, these skills will affect the group of followers positively. Whether this theory should be used within a specific organisation depends upon the particular circumstance in question. It is the situational approach of leadership that is most important when discussing the statement in question. It focuses on the importance of the situation with regards to which leadership approach must be used.
Establishing a primary objective for the organization is important to the company does not lose focus. These objectives should also align themselves with the mission statement of the company. Benchmarking is a necessary tool to measure different stages and milestones. The... ... middle of paper ... ...what is going on however it does create a clear environment of who’s the boss and who is the subordinate. The benefit of such an environment many times can outweigh a democratic leadership by preventing poor groupthink scenarios that are not in the best interest of an effective organization.
Anyone can be a boss and tell people what they need to do to help the boss reach his goal but a leader will listen to others and the result may end up greater than it would have as a unit working under a boss. With a good understanding of what leadership is and knowing how to lead, anyone can become a great leader. While anyone can be a good leader there are some traits that lend themselves especially well to building leadership skills. Commitment and honesty (Prive) are perhaps two of the most important skills for a leader because if the leader behaves unethically there will likely be little value placed on ethics in the group and its work. The environment a good leader should strive to create is one where the positivity, creativity, confidence, and inspiration (Prive) of the leader radiates out to all members of his team.
Therefore the leader must look at ways to get the follower to be on board with the views and ideologies of the organization. With that in mind, leaders must set the right example to move the employee from point A to B. Leaders must embrace the term of being a role model and while they may feel that they are incompetent and lack the experience of a seasoned leader. They must envision themselves as the role model to deflect the perception by the follower they are worthy of following. The follower perception of the leader as a worthy role model is conceptually different than the standard behavior that a leader may demonstrate (Organ et al., 2006) Thus the leader must set the tone through leading by personal example which facilitates the social learning process (Manz & Sims, 1981).
The burden of enforcing these standards lies on the appointed leaders, but it is responsibility of the employee to adhere to these standards. The influence of a disciplined employee can extend beyond their skill set and contribute to the success of the company. While an undisciplined but highly qualified employee will have the opposite effect and become the anchor holding the organization back.
Leadership does not only help an organization grow, but it can make one a better person and employee. There are many skills one acquires while being a leader that can greatly improve one’s knowledge and personality. When in a leadership position, especially in finance, it is important to be a motivator to all. A financial leader must inspire the best work in all his or her employees and motivate the organization to achieve high standards. When in a leadership role, one has to stand their ground and not be afraid to be honest with others, take action, and execute their plans even when it is not so popular.