How Does Leadership Impact The Success Of A Company?

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How does leadership impact the success of a company? Many leadership theories exists in today’s business world, even more theories are taught. How does leadership impact the success of a company? Reflecting on current trends we will discover if one person truly has the power to positively or negatively affect the success of a company through leadership. Truly effective leaders know the respect of people is not just commanded it is earned. Accomplishing this type of respect is displaying the knowledge relevant to the area of which they are responsible and what leadership theory is best suited. Within todays work force leadership is changing and shaping itself to align with cultural differences within the world of business. Before one can…show more content…
The Great Man theory assumes that the traits of leadership are instinct; this simply translates to the idea that great leaders are born not made (Greenleaf, 1977). Trait Theory of Leadership focused on analyzing mental, physical and social characteristic in order to gain more understanding of what characteristic or the combination of characteristics leaders had in common. The Contingency Leadership theory argues that there is no single way of leading (Greenleaf, 1977). The situations specific needs will require a particular leadership style. Transactional Theories is characterized by interactions made between the leader and the followers; valuing the positive and mutually beneficial relationship, or in laments terms punishment and reward systems (Greenleaf, 1977). Successful Leadership Tactics. Successful organizational performances are founded on conduct from the top down. Leadership should be seen as a growing process, beginning with business owners who understand the importance of their direct impact on providing leadership throughout their organization. As author of Importance of responsive leadership in organizational development published in Organization Development Journal; R. J. Darling wrote: “One promising possibility is for leadership to evolve in a way that is both intentional and capable enough to effectively capitalize on the opportunity embedded in the complexity” (Darling, 2011). This article
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