CompanyTASK 1
What is involved in Being a Successful Leader?
Leadership refers to the ability of a company's management to get work done for others by giving them motivation and confidence by providing training and other motivational programs. An individual can be called a good leader when he/she has attained leadership qualities and skills such as decision-making capabilities, confidence, appreciation, good communication, etc. It is further discussed under the below:
INDIVIDUAL
As an individual, there are the following points that need to be considered in order to become a good leader:
Traits: It refers to qualities that, if present in the individual, make them a good leader. It can be further determined through the Big Five Personality model, which contains five specific traits that are to be present in an individual to become a good leader (Carey, Philippon, and Cummings, 2011). Such traits are described as below:
Big Five Personality Model:
- Openness to experience: According to this, an individual should try to learn new things in order to expand the knowledge that makes them more capable of working under different circumstances.
- Conscientiousness: In this, an individual should acquire a high level of thinking abilities with good impulse control and goal-directed behavior. For example, focusing and spending more time to perform specific activities to achieve profitable outcomes.
- Extraversion: Leaders must be extroverts, which means that they should always try to interact with others and share information and ideas so as to bring positive outcomes from others.
- Agreeableness: An individual must have such attributes, which include trust, kindness, affection, etc., that help in maintaining good relations with others. Through this, an individual can easily get work done from them in an effective and efficient manner.
- Neuroticism: An individual must be stress-free so that he can deal with every situation in a calm manner without thinking about future outcomes.
Example: Sir Richard Branson is an effective leader of Virgin Group who represents the company in public in a better manner.
Skills
It refers to an ability that is either acquired by an individual through practice or acquired by birth. Such can be further understood through the following:
Katz's Three Skills Model: It consists of three skills that are required to be present in an individual to become a good leader. Such skills include technical, human, and conceptual. It is further discussed below:
- Human skill: It is a skill that enables an individual to work with people through better communication.
- Conceptual skill: It refers to such abilities that enable an individual to generate and work with new ideas and concepts. It helps in understanding the actions that are required to complete tasks in an effective manner (Curtis and O'Connor, 2011).
- Technical skill: It refers to specific knowledge that helps an individual work on different computerized systems, such as MIS.
Styles
It refers to the leadership styles that are required to be applied in order to perform allotted roles and responsibilities by leaders in an effective and efficient manner. Kurt Lewin's style is one of an effective leadership style, which includes three major styles, which are given below:
- Autocratic: In this style, an individual as a leader takes all decisions and formulates plans without getting suggestions and ideas from the subordinates. It enables leaders to make quick decisions in order to grab competitive opportunities for the company.
- Democratic: In this, the leader considers the suggestions and feedback of subordinates and on the basis of which decisions are made for the betterment of an organization.
- Laissez-Faire: In this, the power is given to subordinates to make decisions on their own without consulting with their leader. This gives freedom to employees to generate new ideas to complete their allotted tasks in a profitable manner.
CONTEXTUAL
Such an approach mainly concentrates on making effective decisions and plans on the basis of different situations that arise due to the business environment. This enables leaders to work under any circumstances and bring profitable outcomes to the company. The same are discussed in brief below:
- Contingency model: The business environment is contingent in nature, due to which lots of complexities arise, which directs leaders to make profitable decisions with the help of their own skills and knowledge.
- Situational approach: There are different situations that arise that force leaders to make changes in their pre-determined plans and strategies in order to cope with influencing factors in a more effective and efficient manner (Dinh et. al., 2014).
- Illustration: Mark Zuckerberg is one of the well-known and popular leaders who contributed to reaching their company, Facebook, one of the top companies in the social media sector.
RELATIONAL
It is related to maintaining better relations with employees and other interested parties to the company through better communication and involvement in the decision-making process. It is further discussed under
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