Corporate Leader Why study leadership & management?
• Who are our leaders?
Definitions • Leadership- the process of influencing others • Leaders inspire through personal trustworthiness & self-confidence • Leaders communicate a vision that turns self- interest into commitment to the job • Leadership is ultimately about creating a way for people to contribute to making something extraordinary happen What are the primary tasks of a leader? • Effective leadership is the ability to successfully integrate and maximize available resources within the internal and external environment for the attainment of organizational or societal goals • Set direction: mission, goals, vision • Build commitment: motivate & inspire • Confront challenges: innovation, deal with change, take risks Clarifying Roles, Responsibilities and Support Role & Responsibilities • Motivation • Group development & team work • Identifying problems • Effective communication • Critical thinking & problem solving What makes a person a leader? Great Leaders Live with integrity develop a winning strategy or “big idea” build a great management team inspire employees to greatness create a flexible, responsive organization Contd…. Great Leaders passionate about what they do love to talk about it high energy clarity of thinking communicate to diverse audience work through people (empowering) LEADERSHIP - Empowerment Empowerment Strategies Avoid competition for power, status, recognition Delegate Create and communicate a vision Insist that others diligently work to achieve meaningful goals Help others believe in their own worth and potential Create a culture in which fear and intimidation are replaced by trust Demonstrate a willingness to be supportive of others LEADERSHIP Customer Focus What do customers really buy? Leaders focus on customers - and so does everyone else. Leaders focus on partnering, not selling. Leaders begin with the customer’s needs and wants. Solving problems spurs partnerships. Some Managers are More Than Bosses - They’re Leaders, Too • There is no one leader personality – they do inspire others to take risks – they do inspire others to do more than they thought possible – they set steep goals – they instill in others that both failure and success are allowed Leadership Styles • Dictator • Participative • Laissez Faire • Autocratic -Under the autocratic leadership style, all decision-making powers are centralized in the leader.
• It permits quick decision-making, as only
one person decides for the whole group • Participative or Democratic Leaders -The democratic leadership style favors decision- making by the group, such as leader gives instruction after consulting the group.
• They can win the cooperation of their group and
can motivate them effectively and positively. The decisions of the democratic leader are not unilateral as with the autocrat because they arise from consultation with the group members and participation by them. • Laissez Faire or Free Reign Leaders -A free rein leader does not lead, but leaves the group entirely to itself as shown; such a leader allows maximum freedom to subordinates. • They are given a freehand in deciding their own policies and methods. • Different situations call for different leadership styles. In an emergency when there is little time to converge on an agreement and where a designated authority has significantly more experience or expertise than the rest of the team, an autocratic leadership style may be most effective; however, in a highly motivated and aligned team with a homogeneous level of expertise, a more democratic or laissez faire style may be more effective. The style adopted should be that which most effectively achieves the objectives of the group while balancing the interests of its individual members. Conclusion
• What makes a good leader?
• The answer depends on the context. Organizations need to find people who have what they are looking for. Individuals need to find organizations who are looking for what they have to offer. Thanks