What is the Cognitive Resource Theory? A theory of leadership that states that the level of stress in a situation is what impacts whether a leader’s intelligence or experience will be more effective What is the Leader-member exhange (LMX) theory? Small ingroup of individuals - because of time pressures‚ leaders establish a special relationship with a small group of their followers. These individuals make up the ingroup—they are trusted‚ get a disproportionate amount of the leader’s attention
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Abstract This paper presents a relationship between transformational leadership and organizational performance. Through some findings‚ it has been concluded that transformational leadership has positive relationship with the overall performance of organization which could be measured in terms of effectiveness‚ efficiency‚ relevance and profitability of the organization. There are‚ basically‚ four components of a transformational leadership: idealized influence‚ inspirational motivation‚ intellectual
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III. Leadership Critique In today’s tougher global economic environment‚ the survival of an organization is dependent upon the quality and behaviour of leadership. The philosophy of the traditional leadership has been replaced by a continuously evolving multi-faceted leadership theories‚ traits‚ and models. Different types of leaders engage clearly on various management styles‚ going from relatively hands-off‚ facilitative‚ micromanaging to autocratic styles. They all have their advantages
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Profitability Ratios Most firms aim to make a profit. In order to assess the efficiency of a business in achieving this major objective‚ two profitability ratios may be used: the return on capital employed and net profit margin. In both measures‚ a high percentage represents a better performance than a low percentage‚ as a business wants to earn high profits. The gross profit margin This measures the gross profit of the business as a proportion of the sales revenue. It is calculated using
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role of leadership in strategizing: Clegg mentions the difference between the two distinct behaviors for transformational and transactional in leadership. Transformational leadership is charismatic‚ inspirational‚ intellectually stimulating and individually considerate (pg. 223). Transactional leadership‚ on the other hand‚ motives individuals through “contingent-reward exchanges” and active management-by-exception (pg. 223). Transformational Leadership Transformational leadership is a
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SITUATIONAL LEADERSHIP AND CONTINGENCY THEORIES Executive Summary This ensuing essay is a formal discussion on the need for leadership change based upon continuously evolving situations in modern day conglomerates .The introduction summarizes situational leadership followed by a critical analysis on the same. The latter presents various leadership styles which are respectively applied in specific types of situations and tasks. Recommendations are provided at the end along with the conclusion
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Topic One Understanding the difference between Leadership and Management • Explain the difference between leadership and management I believe management is a set of processes that need to be adhered to‚ to make an organisation function‚ like planning‚ organising‚ staffing‚ directing‚ solving problems‚ measuring performance. Managers will be trained and understand these procedures and implement them leading to a good working environment. Leadership is about clear communication‚ motivating and
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Introduction The role every manager must fill in the workplace is leadership. Managers often make the mistake of assuming that because they are the managers‚ they are also the leaders and that their associates will automatically follow. In reality‚ position only denotes title‚ not leadership. Peter Northouse (2001) defines leadership as a process whereby one individual influences a group of individuals to achieve a common goal. To be an effective leader‚ the manager must influence his associates
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experience the impact of leadership. Leadership is often regarded as the single most crucial factor in the success or failure of business‚ schools‚ religious groups and of almost all organizations. (Parker‚ 2001) “Leadership is one of the most observed phenomena on earth... but it is one of the least understood.” The word leadership was not known in English language until the first half of the century. Leadership has many meaning; Chapins (1924) said that leadership as a point of polarization
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Supportive and Transformational Leadership Styles in a Healthcare Environment Dianne Conforte Current Issues in Leadership MBA595 April 25‚ 2010 Introductory Section Supportive organizations and exceptional individual contributions set the stage for effective teamwork. Healthcare teams require a clear purpose that integrates specific analytical groups and multiple facets of patient care. “Healthcare teams which have a clear purpose that is consistent with the organizations’ mission‚ can be more
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