Leadership And Its Relevancy In Business Organization

Leadership in Business Organization

Explain Leadership and its relevancy in Business Organization.

Leadership in an organization is the quality by which a person would lead his or her subordinates for meeting organizational goals (Northouse, 2015). The leader has to keep sure that expectations of his/her followers are maintained during the achievement of organization’s goal. Leadership involves guiding the followers with a clear vision and providing required information (Zaccaro & DeChurch, 2012). The leader is responsible for coordination and formation of balance among the followers by managing conflicts among stakeholders and members.

In this essay, the effect of leadership on business operations is analyzed and it is termed as entrepreneurship. Unlike management, the leadership is an attribute that cannot be learnt. The report would analyze and show that passion and innovative nature is responsible for developing effective leadership.

Leadership in business organization can be termed as entrepreneurship and it requires great deal of time for utilization (Robbins & Judge, 2007). They need to connect their ideas for creating context with all the operations of business operations. Leadership, emotional intelligence, charisma and authentication are not the only factors that are responsible for business operations. The personal qualities of leaders are significantly more narcissist and self-serving than the factor of true leadership (Zaccaro & DeChurch, 2012). The most important quality of leaders is inspiring employees for doing their best. The leaders are said to be successful when they make their followers achieve their goals or add values to their performance.

The leadership style is classified on the basis of their impact on their followers. The advantages and disadvantages of leadership operations are different for different styles. The goals and culture of the organization are determined by the respective styles of leadership. There are five leadership styles prevalent in business operations.

Laissez-Faire leadership style has followers and employees that are highly trained and experienced and they need very less supervision from their leaders (Skogstad et al., 2015). The leaders in this leadership style lack the direct supervision and there is no scope for forming regular feedback from the processes. In this leadership style the managers do not require making any effort and it may result in poor production. This lack of control would result in increasing the manufacturing cost.

Autocratic leadership style allows the manager for making decisions without any considerations from its followers. It is an autocratic operation style and managers are solely responsible for all the activities in an organization (Rast III et al., 2013). The managers have complete authority and they impose their decisions on employees. The followers have to obey the decisions of their managers. This leadership style has benefited employees that have no experience. The managers would keep an eye on those weak employees for providing them guidance and leading them.

Participative leadership is democratic in nature and it allows the employees to take part in all processes. The managers consider the input from the followers and employees. Even the peer members of the group take active part in group decisions (Miao et al., 2013). However, the final decision lies in hands of the managers or leaders. The participative leadership is useful for boosting the employees and raising the morale. They feel motivated because the managers and leaders would take their ideas and concepts. The changes that happen due to decision process are accepted by the employees as they are a part of decision making process.

Transactional leadership is the style of leadership style in which the managers deploy the certain tasks on teams or groups (May et al., 2014). If the team performs the task successfully, the managers reward them. Otherwise the managers punish them for any mistake or fault. The employees with managers predetermine the goals and the employees follow their leaders for accomplishing the goals. The managers are responsible for reviewing the results and training the employees when team members are not able to succeed.

Transformational leadership require high level of communication for meeting the goals set by the management (Avolio & Yammarino, 2013). The leaders motivate their employees and enhance the efficiency and productivity of operations. This leadership style has involved the management processes for meeting the organization goals. The leaders put pressure on larger picture for delegating the small tasks to the respective teams for accomplishing the goals.

It has been acknowledged that business procedure require looking beyond earnings for determining the true market value of the organization. Intangibles like brand, strategy and development for ensuring that the business would be able for developing their future apart from earning profits (Robbins & Judge, 2007). It has been seen that decisions of investments are taken by the confidence of investors and not only by leaders.

The capital index are been used for understanding and realizing the market value of the leadership (Van Nguyen et al., 2016). It gives a rigorous and thorough way for evaluating leadership. The investors have started accessing for developing an insight for achieving financial and intangible results. The personal qualities of leaders and its team with the human capital have been examined by the leadership index. The leadership team can provide personal confidence by the investors in their business operations. The following features are helpful in understanding the role of investors and in key decision making apart from leaders.

Learning and growing are constantly used for the growth of individual’s role. The investors have to talk and decide about the future references for business development. The investors demonstrate their personal energy and vitality for creating their future. According to Goldman (2012), Strategic Clarity report the challenges faced by the business industries. The clear strategic point of view have been used for responding to the challenges. Predicting execution is the attribute to deliver the promises of their business operations over and over again. Leverage talent can be used for sharing credit of success (Schiemann, 2014). Situations are used for understanding the leadership style for situation. It helps in making the brand promises as personal guides to the customers.

Some personality traits that are useful for achieving the success of effective decision making are Cultural clarity, positivity, talent, information flow and logical working. Apart from the leadership skills these skills are also required for managing the key decision taking in an organization. According to Taylor & Debrosse, (2013), Cultural clarity are used for making sure that internal culture have matched required brand promises made to its customers. Talent flow have shown the investors that their industry have potential for growth and development. The best people are recruited in an organization for developing and growing the leading ability in an organization. According to Gasca and Micchelli (2013), Positivity has been important for accounting the results for any activity in business. The managers should recognize all accountability contributions of people responsible for growth. The positive approach for developing the communication would help in key decision making process. Information flow should be adaptive for managing the operations and decision making process. Work logic is used for building a governance system that would enable responsive nature and agility in business operations.

Vision of the business has been defined for motivating all the employees and making sure that the prime objective of organization could be fulfilled (Mayfield et al., 2015). Value of the business is used for making sure the importance of appreciation to positive nature and unique contribution in business operations. Seeking ideas of others for understanding their ideas and options from all employees of an organization can be termed as voice of the employees.

Different Styles of Leadership

Conclusion

Leadership in an organization had been explained as a quality by which a person would lead his or her subordinates for meeting organizational goals. Leaders ensure the expectations of his/her followers are maintained during the achievement of organization’s goal. In this essay, the effect of leadership as an attribute cannot be learnt but analyzed. The analysis have shown that passion and innovative nature is responsible for developing effective leadership.
Leadership in business organization had been termed as entrepreneurship and it has required great deal of time for utilization. The leadership style had been classified on the basis of their impact on their followers. There are five leadership styles prevalent in business operations Laissez-Faire leadership style, Autocratic leadership style, Participative leadership, Transactional leadership, and Transformational leadership.
Business procedure required looking beyond earnings for determining the true market value of the organization. Intangibles like brand, strategy and development are used for ensuring that business management would be able for developing their future apart from earning profits. It had been seen that decisions of investments are taken by the confidence of investors and not only by leaders.

References

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