Effects Of Leadership Theories

An increment in the minimum wage is said to have a negative impact on all employees, and businesses. This negative impact is sometimes in the form of inefficiency displayed by the workers. When a minimum wage is set, workers don 't feel the need to work hard as they know that no matter how they work, they will still receive that minimum amount set. This further lowers the morale of the employees who want to work efficiently as their pay is the same as their

As summarized by James Sherk, a labor economist, “Companies pass on those higher wages to consumers through higher prices, and often they also earn lower profits. Economic research finds that unions benefit their members, but hurt consumers generally, and especially workers who are denied job opportunities.” In addition, another study has proved that “Unlike the findings with respect to wage effects, the research shows unambiguously that unions directly cause lower profits. Profits drop as companies whose unions win

Cohorts mostly depict the typical minimum wage earner as a solo parent who is struggling to place food on the table. A vast majority of individuals started their life with a minimum wage job. It provided entry to the market in order to gain helpful skills as well as knowledge that facilitated them to move up the ladder. However, it consists of a small subsection of the labor force. According to Card and Krueger (2016), putting more money in the pockets of the poor did not help the poor however; it cost them their jobs.

Theory X is quite rigid in strong supervision and reprimands, where the workers are mainly interested in the wage at the end of the month, whereas the Y Theory is more about the team members having job satisfaction and complete tasks without direct supervision. Both of the above maybe needed at some point depending on the task in hand, there are pros’ and

After all, why search for a job when the government can foot your bills? Minimum wage legislation is also another cause of unemployment. By enacting the minimum wage legislation, the government made it almost impossible for small and medium size businesses to hire qualified persons. It is irrational to hire employees when your business cannot pay their salaries. High salaries is against business operation principle of maintaining the lowest possible level of expenditure to maximize profits.

• Team Leadership & Delegation- As a leader, I identify strengths and weaknesses of my team members and uses information to maximize use of their skills as a team to perform, Creates and engenders a disciplined environment ensuring project goal, corporate vision. • Effective Client & Internal Management- I mentor my team members in methods of managing clients on any direct communication, including managing resistance and hostility, gaining trust. • Managing in a matrix organization- As a leader, I manage needs, expectations, motivations and competing priorities to achieve clinical delivery within the company matrix structure. • Building Relationships – Building strong relationships and ensuring the team is well balanced. • Business and Financial Acumen- I Offer trainings and support to colleagues showing importance of accurate forecasting, study budgets and contractual obligations, I plan to work as a subject matter expert in project financials to help the team, Proactive in identifying project risks and communicating potential financial

To Marx, alienation is dangerous in a society because it denies workers “their human, creative origins” (Hampsher-Monk 1992: 499). A flaw that Marx sees in capitalism is that for the working class, work is very specialized, meaning that a worker only needs one set of skills to produce in a factory. The ruling class view specialization as a positive, since for them it translates to high efficiency and productivity which yields a higher margin of profit. Due to specialization, Marx argues that the worker does not reach their fullest potential in life, and therefore perceives capitalism to be an unfair economic system (Hancock 1971: 65). Moreover, Marx viewed “human beings as essentially social” and because humans are social, work should be “within a context of social relations” (Sayers 2011: 81).

But the truth is that Wal-Mart’s low prices serve the entire capitalist class in the United States. They drive down the cost of the means of subsistence and thus make it easier for the bosses to lower wages” (Goldstein, 2008, p.92). Some of the wages that the employees are receiving are $8-$10 an hour. How family are supposed to survive on such salary? Some employees do not even get the chance to take any breaks sometimes.

Marx believed this divide would happen because the workers are dependent on their wages as a means of survival where as one of the employer’s objectives is to lower wages in order to reduce costs. This clash of interests would inevitably bring on a resistance from the proletariats. “Let the ruling classes tremble at a Communist revolution. The proletarians have nothing to lose but their chains. They have a world to win” (Marx and Engels 1848) chpt, 4.

The expectations of every organizations is that managers/leaders will use their position to help influence members toward the goals and objectives of the organization. Manager’s effectiveness will be based on several measurements; some of them are on how the manager could create and nurture a striving working environment. A striving working environment is the environment that fosters, team building, relationship, understanding, respect, inclusion and most especially communication and it is an environment that will help with innovation and creativity. The ability of the manager to create and sustain this striving working environment will depend on the manager’s leadership styles, his historical background, his perception of the job and position. If you look at my two examples above, you will see that the leader at the top of my organization has failed in this function.