LEADERSHIP MANAGEMENT

 1.1 LEADERSHIP

BUSINESS LEADERS ARE THE BASIC AND SCARCEST RESOURCES OF ANY BUSINES ENTERPRISE

Peter Drucker

Leadership is an integral part of management. It plays a vital role in managerial operations. If there is any single factor that differentiates between successful and unsuccessful organizations, it could be considered as dynamic and effective leadership. Peter Drucker points out those managers (Business Leaders) are the basic and scarcest resources of any business enterprise. Georgr Terry point out that, “Of every one hundred new business establishments started, approximately 50 or one half out of business within two years. By end of the 5 years, only one third if the original one hundred will still be in business” Perhaps, it would be a valid assumption to state that major cause of these failures would be ineffective leadership.

What is Leadership?

Leadership is not solely a commercial attribute. The leadership function appears in the army, the government, universities, hospitals, and anywhere else where individuals work in groups. Someone must be in charge of that organization.

Source : Business News Daily (2018)

1.2 DEFINITION OF LEADERSHIP

Definition

·         The ability to persuade a group to achieve a common goal.

·         The process of directing and influencing the task-related activities of group members is known as managerial leadership.

·         Through goal formulation, leading, and motivating the followers, leadership is a process of looking into the future and exerting influence in influencing the behavior of the followers toward the vision.

1.3 DIFFERENCE BETWEEN MANAGERS AND LEADERS

Manger	Leader
Pushes the employees towards goals	Pulls towards goals
Punishes the employees for mistakes	Encourage the to learn from mistakes
Less flexible , adheres to procedure	Flexible policies and procedures are disregarded based on the situation
Tight first	Generous
Prefers long hours in the office	Doesn’t prefer long hours in the office
Hated by employees	Respected by employee
Avoids risk	Willing to take risks
Only the favorite coalesce around himself	All the members coalesce around him/her
No followers, after his tenure people will speak ill him	There are followers. Even after his tenure people will speak good of him
Responsibility is not sufficiently delegated	Responsibility is delegated
High concern for cost	Low concern for cost
Problem solving skills are low	Skillful problem solving/ Problem solving skill high
Do not consider a job as a challenge it is nature	Considers the job as a challenge
Orderly, stagnant work environment	Vibrant , enjoyable work environment

 

1.4 CHARACTERISTICS OF LEADERSHIP

1.       Leadership is an personal quality of character and behavior

2.       Leadership presupposes the existence of a group of followers. There cannot be Leadership without followers

3.       Leadership is a continuous process of influencing behavior of people.

4.       Leadership arises out of functioning  for a common goal to be achieved by the group.

5.       Leadership tries to influence the behavior, attitudes and beliefs of the followers

6.       Leadership is related to a particular situation under a specific setoff circumstances leadership style will be different under different circumstances.

7.       Leadership is a function of sharing. A good leader shares everything with his followers. He share credits, he shares blames, he shares ideas, opinions and experience ctc.

 

1.5 FUNCTIONS OF A LEADER

·         Determine Goals

·         Organaization

·         Coordination

·         Motivation

·         Representation

·         Evaluation of Performance

·         Initiation

Determine Goals

As a leader your goal would be to determine he goals for your followers. In order to drive the followers towards the goals, you need to clearly define and communicate the goals effectively to all the followers.

Organization

As a leader to get involved in structuring the organization effectively in order to successfully achieve the goals. The structure of operation, of an organization will decide the success or failure of the organization

 Coordination

As A leader you have to ensure the effective coordination of all activities and processes of the organization. You should ensure that various components of the business knit together to successfully achieve goals

Motivation

A leader acts like a captain of the team. He tries to win the confidence of his collogues and subordinates. He inspires them. He also adopts motivational devices to stimulate them for performing their duties with interests, loyalty and sincerity.

Representation

A leader Needs to represent the group

Evaluation of Performance

A leader Needs to evaluate the performances of his team and reward good performances and also take corrective action for performances  below the expectations.

Initiation

A leader takes initiative in introducing changes, wherever necessary in the organization and in group efforts.

 

Reference:

BND (2018) Ways to define leadership. Business News Daily [online] available at https://www.businessnewsdaily.com/3647-leadership-definition.html accessed on May 25, 2021