The leadership behaviors at CVS reflects the aforementioned leadership philosophy. In an interview with leaders at CVS headed by Merlo motivates their employees to accomplish more than what is usually expected of them. According to Northouse (2013), the transformational leader plays a vital role in initiating change, where followers and leaders are inextricably bound together in the transformation process (Northouse, 2013). In the case of CVS, this is clearly evident by what Scott Baker, CVS Senior Vice President has to say : “nobody works in solos, we collaborate on concepts and ideas with the goal of providing our customers with best-in-class service and high quality merchandise” (CVS, 2015). CVS’ encouragement of open communication
Because of the ever-evolving world, leadership styles have also changed. Transformational is still a strong style, but added to this is a new genre of leadership including esthetic, ethical and spiritual. These are targeted towards morals and values and can be used in effort to inspire followers to be actively engaged in the company and go beyond the needs of their employment. Theorist argue that “these contemporary theories fill gaps in the leadership literature by expanding into areas of emotions, inspiration, and morality.” (Spector, 2014) We can expect for the qualities that define a strong, positive leader to continue evolving.
Bass & Riggio (2005, pp. 4-8) explains that transformational leaders inspire their followers to exceed their own expectations and perceived capabilities and is comprised of the four components of idealized influence, inspirational motivation, intellectual stimulation and individualised consideration. DuBrin (2016, p.163) suggest that leaders in a time of crisis need to
There is a clear difference between transaction, transformative and transformational leadership. Transformational leadership has the potential to satisfy the academics and the social justice to meet the complexity of diverse society and our education system by challenging inappropriate use of power in search to create equality and justice society rather than inequality and injustice, whereas transaction leadership foundations are based on a mutual agreement of exchange between leadership and other organisational members and transformational leadership focuses on improving process, organisational functions to improve effectiveness and outcomes (Gunter 2009 and Shields
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.
TRANSFORMATIONAL LEADERSHIP Transformational Leadership is defined as leadership style focused on effecting revolutionary change in organizations through a commitment to the organization’s vision. (Sullivan & Decker, 2001) Transformational leaders are usually given higher position and are known for their charismatic sense and ability to develop high visions and regards in the work they do. They often give their best performances due to the low morale or self esteem Example: Steve Job, Bill Gates and Ratan Tata. As the existentialist rightly said, we always have a choice, in doing what we already have done or doing that which we have never done.
Leaders who use transformational leadership styles mostly communicate with management, but motivate employees regarding productivity. Transactional leadership styles either reward or punish employees depending upon performance. Either style is good if practiced and applied in the appropriate timing (American College of Education, 2015a). Regarding administrative theory and practice leaders act from a hierarchy perspective and from an organizational theory and practice leaders act with a positive work environment promotes creativity, collaboration, and autonomy (American College of Education,
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
In order to increase strength in the position of transformational leadership. In terms of business, Lou Gerstner, the present chairman and CEO of IBM is one of the best examples
(Avolio and Bass, 2002). However, it highlights rationality and new approaches for followers to follow. It also re-evaluates old beliefs and values and looks at difficulties as problems that need to be solved and seeks logical solutions to these problems. A transformational leader does not criticize followers in public for their mistakes.
What makes Bill Gates a successful leader? 20/03/2015 - Lody Versteegen (10617396) University of Amsterdam – Master Business Administration – Leadership TABLE OF CONTENT Introduction Bill Gates Transformational Leadership Charisma Narcissism Conclusion Literature INTRODUCTION “As we look ahead into the next century, leaders will be those who empower others” (Bill Gates). Aspects that make someone a good leader that empowers others, is a subject of great interest for a lot of people. There are many stories about what distinguishes a great leader a lot of research has been conducted on leadership.
Transformational Leadership As described by McShane and Von Glinow (2015)
They are enthusiastic individuals are usually seen as active, expressive and energetic. They are often optimistic and open to change with a quick and alert mind set. Transformational leaders in today’s society are better for the organization because in maintaining a business for the long term, leaders need to focus on the overall growth of originality and
In developing a theoretical framework of transformational leadership the study focuses on Leithwood and Jantzi (1994) “Effects of transformational leadership on
Transformational Leadership a. People with this style are true leaders who inspire their teams constantly with a shared vision of the future. b. While this leader’s enthusiasm is often passed on to the team, he/she need to be supported by “detail people”. That’s why, in many organizations, both transactional and transformational leadership are
