Peter Northouse (2010) defines leadership as, “a process whereby an individual influences a group of individuals to achieve a common goal” (Yukl, 2012) and a famous leader: COO and co-founder, hovelstay.com defines leadership as “not just about finding ways to lead better or motivating your team but about being there from the beginning as equals and becoming a mentor when need be” (Helmrich, 2015). Citing a strong example of Jim Sinegal, CEO of Costco who is famously known as ‘the man’ of people at Costco brought major profits to the organisation with lowest employee turnover in the retail industry and being highly appreciated by his employees for his anomaly and people friendly behaviour at the workplace showcases a unique way of leading (Stansberry, 2010).
Moving further on, the distinction between leader and LD is imperative in understanding a leader’s role and benefiting the organisation as a whole. In leader development emphasis is on individual-based skills, knowledge an...
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...l LD programmes, it is essential to have proper evaluation to monitor growth process, it is essential to give potential young leaders opportunity and time to make an impact and significant mistakes and broadening experiences and educational opportunities to the older leaders (Pernick, 2001:431).
It is duly noted that the firm’s unique competence is its employees and leadership is a necessary catalyst to convert this competence to positive outcome. High performing firms believe systematic leadership development is a strategic choice in long-term investment in the organisation as well as its employees for better future (Pernick, 2001: 442). Focusing on the transformational leadership, transforming LD practises should be adapted from recruitment, selection, training and development and promotional levels so that every employee gets a fair share to outshine.
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