Sub-summary
The leadership approach shapes the organisational structure and effects the business culture. Consequently, the analysis of the leadership style at the Virgin Atlantic Airways clearly reflects the contemporary leadership transformational theory.
Action-oriented chairman reached high employees’ commitment by applying family atmosphere and generous reward system in the company. Therefore, obviously, that Branson wants the employees to bring the personalised attitude to clients. The persuasive influencer spread the entrepreneurial spirit in various management levels within Virgin airlines, stimulates innovations across the business.
3. Pro/Cons of the Contemporary Leadership Theories
In the 21st century, the issue of Transformational versus Transactional leadership theories remains controversial. There are numerous advantages and disadvantages of contemporary
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Beyond disputes, the persuasive influencer, chairman Richard Branson takes a pivotal role in corporate leadership strategy. The profound understanding of employees, interaction on a personal level, elevates the business.
Overall, managers dedicated help their subordinates to succeed, provide the constructive feedback, which is an essential part of the Virgin’s corporate culture.
The transformational leadership lessons, which are possible to learn from the Virgin Atlantic Airways venture: disruptive rethinking of business strategy; people are the major asset of the business, have to be treated respectively; to transform ideas into constant innovations.
Analysing the array of attributes of the leadership theories, indeed, it is logical to conclude that trust and transparency are crucial elements of building a sustainable business in a VUCA world (volatile, uncertain, complex and ambiguous). (Bennett and Lemoine, 2014; Cook, 2016; Hayes,
Strategic Leadership Program Upon completing the leadership training course provided, active listeners gain vital leadership skills and capabilities, necessary for enabling the organization, self, and others to advance into higher levels of efficiency and effectiveness. Ultimately, our leadership program seeks to positively enhance pertinent performance and sustainability related variables present at the individual, group, and organizational level. The following leadership program paints a picture of what the idealistic company specialized in offering sound financial and insurance related solutions looks like from an outsider’s perspective.
In article number three, we examined how authentic leadership and laissez faire leadership in masters may combine with psychological job demands and influence SA and the willingness to take a risk. In the following, the concept of authentic leadership and laissez faire leadership will be further outlined. 1.4.4.1 Authentic leadership Theories on leadership have evolved throughout the years.
Transformational leaders belong to the latter category. The 4I’s are the usually found factors amongst these leaders which include: Inspirational motivation, Intellectual stimulation, Individualized consideration and last but not the least Idealized influence. (Bass & Avolio, 1994) PROS AND CONS OF TRANSFORAMTIONAL LEADERSHIP Just like two sides of a coin, the theory has its own advantages and disadvantages. Transformational leadership is an inspiration to country.
Influence: The Psychology of Persuasion relationships (30 points). For the Influence: The Psychology of Persuasion book, do the following: One thing that relates to each other in both books is the view on women in society. There are many stereotypes about women being viewed as lower on the chain. In “The Art and Science of Leadership”, it is said that women have less authority in leadership positions, and women also only hold ten percent of leadership positions (41).
Annotated Bibliography Chaleff, I. (2003). The Courageous Follower. San Francisco, CA: Berrett-Kohler Publishers, Inc.
The advantages of transactional leadership are in its clear policies, structure, and efficiency. The disadvantages of transactional leadership include stifled creativity, impaired initiative, and inflexibility of the organisation. Furthermore, reward incentive models are consistently shown to be ineffective in the long term (Gneezy et al.,
The leadership of Tesco motivates employees because of which the organisation consistently provides effective services to consumers. It is noted that the management of the organisation emphasises on the significance of the appointing roles of leadership to people within the organisation in such a way that they are aware of their responsibilities to implement the strategic decisions through the effective communication in the form of meetings and follow up on employees for ensuring that they are not drifting away from the providence of quality services and efficient company operations (Data monitor, 2010; Pergamon Flexible Learning, 2005). The leadership style is being implemented by the management and it is imitated by the leaders of team within each department. However, every leader of department is appointed by management and it has changed the organisational structure of Tesco. For instance, the duty managers in every store lead employees in decision making process on daily basis that supports the operations of store.
Maxwell points out that "trust is the foundation of leadership. " Where there is a lack of trust ; there is poor job satisfaction, poor loyalty which is important for the leader and follower. (1998) According to Bonan and Deal " leaders build diverse teams which accommodate different skills and processes. Leadership is situated in both relationships and teams.
In spite of the fact that’ leadership analysis’ is the art of breaking down a leader into basic psychological components for study and use by academics and practitioners, a sound leadership analyses
Bass (1985) reasons that transformational leadership comprises of four factors: idealized influence, inspirational motivation, intellectual stimulation, and individual consideration. Sir Richard Branson chairman and founder of the Virgin Group (Branson, 2007) is frequently described as a transformational leader. Branson is known for his charisma and leading by example both characteristics of idealised influence. To promote Virgin Cola he drove a tank into Times Square to represent the start of a war with Pepsi and Coca Cola (Kotler et al, 2012), What makes Branson exceptional is that he still finds time to give back, idealised influence reflects the extent to which the leader chooses to do the right thing rather than what is
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.
Introduction The focus of this written paper is to introduce a successful business person in the world and analyze the person's unique events or stories with an appropriate organizational behavior theory. We would like to explain in detail with applications and discussions of how the chosen leader has demonstrated the critical criteria of a certain theory. Richard Branson, who is the founder of the Virgin Limited is seen by us as a famous leader in the business sector. His open-minded leadership style has fully demonstrated the transformational leadership theory. Bernard Bass (1985) stated that transformational leaders care about the development of followers, improve the organization through inspiration and stimulation and engage in the betterment
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.
Leadership style When we talk about leadership, we must think about people who already success in their career. From that, we can differentiate clearly the characteristics to become a good and influencing leader. For example, Tan Sri Anthony Francis Fernandes, CEO of the AirAsia who also known as Tony Fernandes. He is one of the 100 Most Influential People in the World because of his success in career and as a good leader. The first leadership style of Tony Fernandes is as a charismatic person.