The Importance Of Leadership Style

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Leadership Style
The success of an organization depends on the effectiveness of its leaders. Decision-making, personality, and emotional intelligence (EQ) clearly play a defining role in leadership effectiveness. Self-assessments enable individuals to classify, compare, and learn more about these personal attributes. They are rigorous assessments that enable individuals to recognize their current skill levels, identify their strengths and weaknesses, and determine what actions are needed to enhance their skills.
Personality, EQ, and Decision-Making
Personality determines the way individuals think, feel, and behave; therefore, it significantly influences organizational behavior (Disha, 2015). From a leadership perspective, personality …show more content…

Thus, they lead to a systematic deviation from rational decision-making (Andersson, 2013, p. 2). Individual characteristics, such as perception, personality, and experience influence biases. Therefore, a person’s predisposition can either hinder or enhance their decision making process (Boundless, 2015). Several prominent biases that influence decision-making include overconfidence, anchoring, availability, and confirmation biases. Overconfidence occurs when a person overestimates the reliability of their judgments. It is a result of people failing to recognize the limits to their knowledge. In turn, it causes people to have an unrealistic view of their decision-making ability (Lee & Lebowitz, 2015).
Anchoring is the tendency to rely too heavily on a single piece of information. In turn, it causes the decision maker to neglect to adjust for subsequent information (Lee & Lebowitz, 2015). The University of Southern California (n.d.) report the most recent and memorable information is usually given …show more content…

380) claim a key task for improving decision making effectiveness is to identify how and in what situations people should move from System 1 thinking to more deliberative System 2 thinking. Clearly, minor decisions do not require a complete System 2 process. Understanding the repercussions, advantages, and disadvantages of System 1 thinking will help people determine when it is best to apply a more rational analysis to the decision making process. In addition, it is imperative to use a well-developed, systematic decision-making process. An organized process assures all critical components are addressed, reduces thinking errors, and enables continued improvement with subsequent decisions (Scheibehenne & Von Helversen, 2014). However, Scheibehenne and Von Helversen (2014) claim certain situations and task demands require different decision-making strategies. Therefore, the most effective decision makers will have a repertoire of decision-making strategies they can implement effectively. In turn, it will be necessary to explore alternative decision-making techniques and try applying them to low risk

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