Leadership
Leaders are conceptual thinkers and must think in the abstract. Decisions made by leaders are non-programmed decisions, which have never been made before, in respect to the direction in which the leader intends to take the organization into the future. The leader is hired by the Board of Directors (BOD) to maximize the wealth of the stockholders whom they represent. The leaders planning horizon is generally three years and beyond, depending on the employment contract signed. The BOD reserves the right to fire the leader at any point in time, during the contract period; they feel the leader is not effectively maximizing the corporate stock price which maximizes the wealth of the owners. The leader is the chief strategist and
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Specifically discussed in this paper will be foundational theories of leadership, assessment and adaptation of foundational theories and leadership skills deemed most effective in a changing and competitive health care environment.
Foundational Theories of Leadership
Foundational theories are the backbone of today’s application of leadership in all aspects of business in a global society. Understanding the characteristics that define successful leadership is not feasible due to application of leadership principles in diverse circumstances. This does not defray the premise that effective leadership cannot be learned. In fact, learning and understanding the many approaches to leadership allows an individual to internalize and effectively develop a leader’s mentality (Derecskei, 2016). In this section the four core theories on leadership and the tools used under each will be discussed.
Trait Theories
Trait theories were first of the four most common leadership theories. The foundation of trait theory is; leaders are born with the innate ability to lead. In essence, leadership traits are inherent in the genetic makeup of an individual and are natural, not learned predispositions. On the contrary, current research has found leadership traits to be external behaviors emerging from development of cognitive discipline and knowledge growth.
Behavioral Theories
Behavioral theories focus on the actions of the leader in the face of decision making and problem
The next big era of leadership theories was the Rational Management era. When the previous era failed to determine exact traits that could consistently be identified in great leaders, a shift occurred to begin looking at how these leaders behaved, and what made them into great leaders, rather than who they were in a specific sense. This was a major shift from thinking that people were born leaders, to now considering that perhaps leaders could be made, or trained to become leaders. The first of these theories, beginning in the early 1950’s, were the behavior theories. The focus of these theories was to study what these leaders do, and
The Trait Theory is based on the innate characteristics that a leader should have in order to lead successfully. For example, sense of humor, caring, and friendly. People in the Trait Theory have to show certain qualities when they communicate and these qualities have to remain constant in different environments.
As was mentioned earlier, the trait theory contains highly subjective perspectives. It means that the perception of leadership traits is associated with the assessment of leadership. Barry et al (2003) conducted an
Since the beginning of recorded history, leadership has been one of, if not the most important elements in the success or failure of an endeavor. This is whether it involved a prehistoric hunting party or ruling the Roman Empire. Today, leadership is recognized as a vital factor in an organization’s quest to be productive and profitable. For an organization to be competitive and achieve optimum success in the 21st century, it is vital that they employ effective leaders that will be able to communicate their vision and goals, motivate their employees and develop trusting and loyal relationships with its stakeholders. There is no one or best way to accomplish this mission. There have been numerous leadership theories and styles which have been developed over time which can enable leaders to choose which method would be most effective for them in establishing collaborative working relationships and a respectful team environment in a group setting (Landis, Eric A; Hill, Deborah; Harvey, Maurice R, 2014).
This is why, Organizational renowned scholars have been studying of this very significant topic of leadership for literally hundreds of years. Because. It is very complex, not simple one.
The Trait theory is based on the innate characteristics that a leader should have in order to lead successfully. For example, sense of humor, caring, and friendly. People in the Trait Theory has to show certain qualities when they communicate and these qualities have to remain constant in different environments.
Leaders of organizations are expected to make decisions that positively impact the organization. Not all decisions of leaders are made with the best interests of the organization at hand and not all decisions are beneficial for an organization or the organizations’ employees.
The history of trait theory has…(still working on this part). The leadership traits that are involved in trait theory can be defined as relatively coherent and integrated patterns of personal
There is no consensus that has been reached regarding this controversy, but many theories are centered on it. Chronologically, popular leadership theories include the great man theory, trait theory, behavioral theories, role theory, participative leadership, situational leadership, contingency theories, transactional leadership, and transformational leadership. Each of these theories presents a unique perspective of what comprises leadership. The main focus of this research paper is, however, the trait theory (Bass & Stogdill, 1990).
St. Jude Medical, on September 2015 announced their new executive leadership team, and that incoming President and Chief Executive Officer (CEO) Michael T. Rousseau has been chosen to lead the organization into the next phase of growth and innovation. The new team ensures the continuity of key leadership positions within St. Jude Medical. The executive leadership team will include a new structure intended to drive organizational effectiveness and maximize the depth of experience of St. Jude Medical’ leaders (Media Relations, 2015, para.1). The expectations, plans and prospects for the company, including potential clinical successes, anticipated regulatory approvals and future product launches, and projected revenues, margins, earnings and
Trait leadership theory suggests that all leaders are born with or display certain key personality characteristics. Certain characteristics are particularly suited to leadership. People who make good leaders have a sufficient combination of these character traits. Most of the time the traits are considered to be naturally part of a person’s personality. Hence, leadership trait theory tends to assume that people are born as leaders or not as leaders. However, according to Shead (2007), the idea that leadership traits are inborn and unchangeable appears to be incorrect. He posits that it is true that many of our dispositions and tendencies are influenced by our personalities, but most people will acknowledge that it is possible for someone to change their character traits for the worse. Someone typically known for being honest can learn to be deceitful. Stogdill (1974) identified the following traits and skills as critical to leaders.
If we focus on the idea that people can poses different personality and characteristics can be linked to successful leadership across various situation this would be defined as the trait theory of leadership. Some researcher believe that the ability to lead was something that a person was born with and not something that could be developed or learn. Many people still believe that leaders just have an intuition that makes them good at making decision and developing
As Satya Nadella takes over the position that Mr. Ballmer once endured, his spirit took off with great confidence concerning his new role at the company (Microsoft, 2014). The next decade is likely to reveal the level of success his abilities bring to the future of the company and his own status as leader.
Trait theories assume all leaders share a number of common traits. This theory identifies traits or characteristics that are essential when being a leader. Traits like assertiveness, good decision making, empathy, integrity, and confidence are some examples of traits of successful leaders; however, there is no magic combination of traits that will guarantee someone to be a successful leader. Traits are based on our inner thoughts and beliefs. Many different studies about leadership traits agree only in the general righteous qualities needed to be a leader. Those traits are known as core traits. The core traits include
All organizations and enterprise, both profile and profit conducts their business via respect and involvement for those who work in them to attain superior results. This is achieved through involvement of good leadership. According to Uju (2013), leadership is the vision creation concerning a defined future state that seeks to entangle all organizational setting membership, with an influence that is necessary to the achievement of organization objectives. Leadership is defined as a process in which an individual influences others to attain an objective and guides the organization in a manner that makes it more coherent and cohesive. Corporate governance on the other hand refers to a manner, fact and act of controlling,