Leadership is a process whereby a leader or an executive can guide, direct and influence the employees and teams to develop future goals and stay focus and confidence when finding ways to accomplish specific goals and objectives in a given situation. Leaders are required to developed future visions and should have the ability to persuade others as it is the human factor which bind a group of people together in order to find defined goals so employees are motivated and have higher confidence for long term business success. Traits are relatively stable characteristics such as abilities, psychological motives or consistent pattern behaviour. The trait theory of leadership is based on both successful and successful characteristics of leader to …show more content…
One of the most inspiring business quotes that Robert Kuok had said before is that “There are risk in every business, if one are not brave enough to grab on the first opportunities, then one shall be a poor person forever.”.10 A good leader do not fear of taking risks as taking risk everyday is a part running a business. A successful leader only take calculated risks instead of foolish ones. In his point of view, courageous is very important for a leader as one should be willing to take risks in order to achieve goals with no assurance of success. Robert Kuok opening sugar factory is the start him taking risk. He believes that consumer goods such as sugar is especially important in the food industry. Furthermore, he also took the risk of buying 200000 tonnes of sugar with his speculation of the price of sugar will increase but he missed assumption and the sugar market also experience a sharp decline in price too.11 As a result, Robert Kuok’s business had facing a loss that almost facing bankruptcy. However, his sugar business was saved due to the hurricanes in Brazil which had cause a rise in sugar price due to the shortage of supplying of sugar from Brazil as part of the sugar plant plantations in Brazil were destroyed. From the success of Robert Kuok, it has shown that being risk taking is vital as taking risk will open up WeSure to new challenge and …show more content…
A quality leadership are highly self-controlled. Self-discipline is one of the most character as its define what they will do, what they would not do, what they stand for and who they are. Robert Kuok is a person who has highly self-discipline as he as his values and beliefs in deep-rooted ways would help him to be able to withstand the pressures of their principles and values. In order to be a successful business man, Robert Kuok always believe that being humble, being straight, not being crooked and do not take advantage of people are very crucial.12 In his early days, he saw people using improper methods in their business. He know their methods but he did not complaint, he and his team just try their best to compete with them. Robert Kuok is also very well-organized and have very clear objective on his business and giving ones a sense of discipline and control which causes people to admire and respect him. As a leader of WeSure, having self-discipline is important as when exerting self-discipline by continuing in the face of obstacles will increase the influence towards the employees. Having strong self-discipline by not involving WeSure into businesses that bring harm and destruction to people in very significant for smooth business expansion as investor will know that WeSure is a company with good
Week two talks about leadership qualities. Leadership is how an individual influences another individual or groups to achieve a common purpose. For a leader to achieve its set purpose or vision towards individual, organization, or a group, influence is the aim. Influence, therefore is the ability to direct or indirect manipulation to get others to act or respond in accordance to a leader’s want or desires. When a leader leads, the leader will often times have the people he or she is leading conform to his or her ways of doing things or at least agrees with the leader, which in this case regard as being obedience.
Trait theory is an expansion of the grand man theory by defining what makes a leader great. A great leader should show honesty, competence, courage, intelligence broadmindedness and inspire. A great leader should also be forward-looking, imaginative and straightforward. If anyone possesses these traits, they are thought to have been born with the characteristics.
The trait theory of leadership was first discovered in mid 1800s. It is closely tied to the great man theory whereby leaders are thought to be born and only those who were born with correct traits and quality are suited to leadership (Lee, 2014). It is a line of research which examine which characteristics we should pursue to lead effectively. The most common traits to leaders are intelligence, determination, integrity, self-confidence and sociability. However, different study shows that there are other traits such as knowledge, responsibility, emotional control, courage and trustworthiness to be linked to effective leaders.
Those individuals who were believed to have these inherent skills were people of very influential status, wartime heroes and those of great wealth. The people who emerge or are most picked to lead have distinctive drives and character profiles (Nicholson, 2013, p.16). Leadership Thought Development from 1900 – 1970 The thought of leadership evolved from the Great Man Theory to Trait Theory and Behavior Theory. The trait theory focuses on identifying distinctive personality traits and characteristics that are associated to successful leadership.
Leadership has been defined in a variety of ways, there are multiple authors and theorists who have tried to define and understand leadership, all leading to varying theories and conclusions, but one thing that is universally understood is the importance of effective leadership and how someone with good leadership skills can impact so many people around them. (Kakabadse and Kakabadse, 1999; Yukl, 2002; Northouse,2013) The main components that have been identified to play a role in leadership are relations between leader and subordinates, interaction form between leader and followers, the influence that the leader has, the way in which the leader behaves and finally a leader’s traits. (Yukl, 2002) These elements that make up a leader, are then used as building blocks to identify the way in which each specific leader deals with its followers.
Leadership Trait Questionnaire 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.
" Leadership is the ability of a superior to influence the behavior of subordinates and persuade them to follow a particular course of action." - Chester Barnard Max Weber 's Theory: Types of Leadership In Max Weber 's theory, he wrote about three types of leaderships: Bureaucratic, Charismatic, and Traditional. Weber was one of the first of the theorists to recognize that leadership itself was situational in nature, and that effective individuals needed to move dynamically from one type of leadership style to another to remain successful. 1] Bureaucratic Leadership "Bureaucratic administration means fundamentally domination through knowledge." Bureaucratic leadership is based upon fixed official duties under a hierarchy of authority, applying a system of rules for management and decision-making.
In this regard, leaders and managers can appear at any level of an organisation and are not exclusive of each other (Germano, 2010). Leadership theories identify leaders based upon traits as well as how their influence and power is used to achieve organizational goals and objectives (Germano, 2010). As such, trait based characteristics include leaders such as autocratic, democratic, bureaucratic and charismatic. On the other hand, leadership that is viewed from the perspective of the exchange of power and its utilisation to secure outcomes, are situational, transactional and transformational leaders (Germano, 2010). It is of paramount importance to consider the different types of theories of management and leadership and their potential impact on organizational strategy being that management and leadership plays a vital role in the success of businesses.
LEADERSHIP Ogbeidi (2012) found that leadership is referred as “ability to lead, direct and organize a group”. The study of leadership has developed scientifically through changing paradigms during its history where several models and theories have tried to explain the concept of leadership. Kuchler (2008) acknowledges that although subject of leadership is diverse and somewhat scattered but it tends to be one of the most widely discussed topics by the researchers all over the world. We found myriad definitions of leadership after studying detailed literature on it. The concept of leadership is described by different researchers with different perspectives.
This paper will examine the three leadership theories, identify how they apply to my practice, and explore how these theories interact with each other. The Trait Leadership Theory is based on the belief that a person is born with special traits contributing to natural leadership abilities. Studies of famous historical leaders have been used to identify various traits for this theory. Although the list of traits differs from study to study, there are five major traits that are consistent throughout most studies.
Leaders are made, not born. The Great Man Theory suggests that people inherit qualities and traits that make them better suited for leadership. “To suggest that leaders do not enter the world with extraordinary endowment is to imply that people enter the world with equal abilities, with equal talents.” (Thomas Carlyle 1840) While it is true that there are certain characteristics that leaders are born with that predispose them to become leaders, the influence of these characteristics are often overexaggerated.
This paper is going to encompass different leadership theories and their relevance to my own personal personality and method of leadership. There will be information on the advantages and disadvantages of the leadership theories and information on each including examples. The purpose of this paper is to view various kinds of leadership theories and apply them to a real-life scenario. Leadership Theories There are quite a few different leadership theories available for people to take information from and use in business settings and even personal settings.
Leadership: Definition Leadership is the process of influencing the motive of the employees and so directing, guiding them to the proper completion of the short-term goals and the mission, vision of the firm. Leadership referring to achieve a specific set of goals of the business enterprise by minimizing risk and more advantage of opportunities is also called Entrepreneurial Leadership (Rao, 2015). Today leadership is such an iterative process when the leaders should have a variety of qualities and expertise in different area of management. Here, different theories will be explained which can clearly identify the scope, the responsibilities and the area of expertise required to be successful leader.
Q1. Describe the five key elements of leadership The five keys of elements of leadership are leader-follower, influencing, organizational objective, changes and people. Each of elements works differently, the first key world leader-follower is leaders influence a behavior to the followers as well as follower also influence leaders. Second, Influencing is change role from somebody.
In theory leadership is focused on the personal qualities and traits of a person. Trait theory is based on the model of the Big Five personaliti. For an example, Extraversion is one of the characteristics of the most common and most important in the way leaders to ensure their effective leadership. Next, we can distinguish between effective leader and ineffective.