George D. Dayton built his wealth as a banker by buying farm mortgages and in 1902 he purchased a building in downtown Minneapolis. He persuaded Reuben Simon Goodfellow Company to move his department store into his building. Goodfellow wanted to retire so he sold his company to Dayton and he changed the name of the store to the Dayton Dry Goods Company in 1903. Then in 1910 he changed the name of the company to Dayton Company. He had no previous experience working in retail but maintained his connections as a banker as well as he ran it as a family business. He had very strong Presbyterian beliefs which his store did not sell alcohol and was not open on Sundays. His values greatly influenced from the start of the company to giving to charities
My heart began to race. I entered the spacious lecture hall, opened the door, and before me were two hundred students glancing at me. Entering the class for the first time at Florida International University (FIU) presented unparalleled opportunities on my forthcoming journey as a high school junior. When I enrolled at FIU as a dual enrollment student, I experienced uncertainty in regard to my intended major and career choice. I took courses across multiple disciplines, yet I remained remote from the ideas presented – until I met my professor for General Chemistry during my junior year. I enjoyed the class lectures, and I attended the professor’s office hours often that she asked me to become a learning assistant (LA) for the course.
Whole Foods has successfully evolved into being one of the largest organic and sustainable organizations by performing management tactics in a unique, collective fashion. Whole Foods fuses management concepts such as organization, culture, smart financial measures, and quality customer and product care to promote a holistic health approach to business for not only the company, but also the consumer.
Hersey and Blanchard’s Situational Leadership theory suggests that a successful leader will base their leadership style on the ability and willingness of their followers (Langton, Robbins, Judge, & Breward, 2013). The movie, Remember the Titans, centres on the developing relationship between the football team and their leader, Coach Boone.
Transformational leadership style work towards high levels of communication from a management to meet goals. Leaders are meant to motivate employees and augment productivity and efficiency through communication and high visibility. This style of leadership really does need the involvement of management to meet goals. Leaders focus on the big picture within an organization and delegate smaller tasks to the team to accomplish goals. Transformational leadership proves to be efficient not only in business, but in all other sectors where it is used. In order to increase strength in the position of transformational leadership. In terms of business, Lou Gerstner, the present chairman and CEO of IBM is one of the best examples
Some people plan travel for vacations. They research on activities, places they want to explore, or foods they want to eat, then set the plans in limited time. Of course, purposes of travel can be individually different. If they go with a lot of people, the plans have to be more detailed, and measurable to complete all the places they want to go. Also, setting a specific plan is significant for organizations to achieve goals.
The Leadership Trait Questionnaire (LTQ) showed that I lack in self-confidence, self-assurance, and feel that I lack in insight. I show strength in determination, being outgoing, friendly, empathetic and sensitive, I rated myself as fours in these categories and a five in the outgoing category (Northouse, 2016). It is essential to show self-confidence and self-assurance when in a leadership position. Northouse (2016) state that beliefs in one’s abilities to accomplish a goal are more likely to be motivated to succeed.
The skills inventory, which includes technical, human, and conceptual skill, helps me to measure my three leadership competencies of me. It lets me to understand how my skills separate to three leadership skill approaches. According to our textbook, although all of three skills are important to leaders, the importance of each skill varies between different management levels. By scoring it, I got 19 in technical skill, 21 in conceptual skill, and 25 in human skill, which is the highest one. The result doesn’t mean I have really good people skill, but it means comparing with another two skills, I’m better at working with people and handling relationship in work places. After doing self-reflection
The focus of this written paper is to introduce a successful business person in the world and analyze the person's unique events or stories with an appropriate organizational behavior theory. We would like to explain in detail with applications and discussions of how the chosen leader has demonstrated the critical criteria of a certain theory. Richard Branson, who is the founder of the Virgin Limited is seen by us as a famous leader in the business sector. His open-minded leadership style has fully demonstrated the transformational leadership theory. Bernard Bass (1985) stated that transformational leaders care about the development of followers, improve the organization through inspiration and stimulation and engage in the betterment
Contingency theories put forth the idea that the success of a leader hinges on the specific situation at hand. A situation can be proven effective based on the leader or the leadership style attached. The factors that would determine this would include the task, the personality of the leader and the composition of the group that is meant to be led. Its basic assumption is that leadership-success or failure – is situational. There are a number of sub-theories that fall under the general contingency umbrella. Specific mention may be made of three such theories; Fielder’s contingency theory, situational leadership and Path- Goal theory.
Frequently referred to as a managerial approach to leadership, the transactional leadership style is centered on improving efficiencies within an organization or team (McShane & Von Glinow, 2015). Leaders practicing the transactional approach focus on the details of the step by step processes and workflows using a reward and punishment system to encourage workgroup production (Dartey-Baah, 2015). As errors and inconsistent results are part of the expected norm, transactional leaders succumb to the belief that employees require ongoing monitoring and supervision to ensure compliance with the expected work practices. When used with an experienced high performing staff, the constant supervision and punitive nature of the transactional leadership style can be counterproductive, causing a decrease in production and satisfaction among some groups. In contrast, when used with newly formed production units, the transactional style has been known to improve employee engagement and response (Breevaart et al., 2014).