Leadership & Leadership Style

Leadership & Leadership Style

Prepared By: Group 6 MMS – B

Jayesh Mhatre 085Mayank Jhawar 093Mukesh Agrawal094Naman Mahansaria 119Nikesh Mishra 097Pooja Jaiswal 101

What is Leadership?

Leadership Styles◦ Autocratic◦ Participative◦ Lassies Fare◦ Charismatic◦ Transformational◦ Transactional

Conclusion

Overview

What is Leadership? Leadership is a vital role in any organization. It involves defining the

direction of a team and communicating it to people, motivating, inspiring and empowering them to contribute to achieving organizational success.

Leadership requires being strategically focused and applying

behavioral techniques to build commitment and attain the best work from your people.

Under the autocratic leadership style, all decision-making powers are centralized in the leader, as with dictator leaders.

They do not entertain any suggestions or initiatives from subordinates. The autocratic management has been successful as it provides strong motivation to the manager.

It permits quick decision-making, as only one person decides for the whole group and keeps each decision to himself until he feels it is needed to be shared with the rest of the group.

High degree of dependency on the leader

May be valuable in some types of business where decisions need to be made quickly and decisively.

Autocratic or Authoritarian style

A striking example of an autocratic leader in the corporate world was Leona Helmsley of the Helmsley hotel chain. Her combative style earned her the tabloid nickname "the Queen of Mean.“

While Leona’s autocratic leadership style did make the Helmsley hotel chain popular, her demands of perfection from everyone, and her exacting ways scraped the dignity of everyone on her payroll, from the cleaning staff to top executives. She allegedly “treated people like garbage,” one example being to fire on the spot a secretary daring to use the Helmsley Palace dry cleaner to remove an accidental spill on her cloth, even though she had worked diligently for eight years.

Leona Helmsley of the Helmsley Hotel Chain

A democratic manager delegates authority to the staff, giving them responsibility to complete the task.

Staff will complete the tasks using their own work methods on time.

Employees are involved in decision making giving them a sense motivating individuals.

Increases job satisfaction by involving employees or team members .

Slow decision making process.

Participative or Democratic style

According to us Carlos Ghosn, CEO of Renault and Nissan is a Participative Leader.

He always provided his employees challenges to perform better and made them believe that he trusted them.

He believed in empowering his employees to take decisions. He believed that “change in the organizational structure should come

from the bottom and not be forced from the top management.”

Carlos Ghosn

A free rein leader does not lead, but leaves the group entirely to itself such a leader allows maximum freedom to subordinates, i.e. they are given a free hand in deciding their own policies and methods.

Can be very useful in businesses where creative ideas are important. Can be highly motivational, as people have control over their working

life Can make coordination and decision making time-consuming and

lacking in overall direction Relies on good team work. Relies on good interpersonal relations.

Laissez –Faire or Free rein style

As an example, a CEO of a huge food and beverage company allows departments to operate on their own without his direct supervision. In case the CEO sets expectations for the department’s operations, he provides the needed resources to meet their objectives. But, the department managers and workers identify how they will achieve the objectives.

A charismatic leadership style can appear similar to a transformational leadership style, in that the leader injects huge doses of enthusiasm into his or her team, and is very energetic in driving others forward. However, a charismatic leader tends to believe more in him- or herself than in their team.

This can create a risk that a project, or even an entire organization, might collapse if the leader were to leave: In the eyes of their followers, success is tied up with the presence of the charismatic leader.

As such, charismatic leadership carries great responsibility, and needs long-term commitment from the leader.

Charismatic Leadership

Transformational leadership is a type of leadership style that can inspire positive changes in those who follow.

Transformational leaders are generally energetic, enthusiastic, and passionate. Not only are these leaders concerned and involved in the process; they are also focused on helping every member of the group succeed as well.

Transformational Leadership

Idealized Influence: Provides vision and sense of mission, instills pride, gains respect and trust.

Inspiration: Communicates high expectations, uses symbols to focus efforts, expresses important purposes in simple ways.

Intellectual Stimulation: Promotes intelligence, rationality, and careful problem solving.

Individualized Consideration: Gives personal attention, treats each employee individually, coaches, advises.

Characteristics of Transformational Leadership

There have been many transformational changes in technology and undoubtedly there will be many more. The development of computing technology by Apple, IBM, Intel, Microsoft and others in the late 1970s and the early 1980s was a transformational event.

Apple co-founder Steve Jobs and others transformed business processes through software applications and high-speed microprocessors. Internet marked another technological transformation like, amazon and eBay pioneered e-commerce.

Technological Transformation

Leaders who guide or motivate their followers in the direction of established goals by clarifying role and task requirements.

Transactional Leadership

Characteristics of Transactional Leadership Contingent Reward:

Contracts exchange of rewards for effort, promises rewards for good performance, recognizes accomplishments.

Management by Exception:

Watches and searches for deviations from rules and standards, takes corrective action.

“People ask the difference between a leader and a boss. The leader

leads, and the boss drives.

Leadership style is all about the approach you adopt as a leader

There are various styles available and various factors which influence

which style you adopt

Innovation distinguishes between a leader and a follower.

Conclusion