Recharch in business Essay Example | Topics and Well Written Essays - 1500 words

Recharch in business - Essay Example In general these people are called or considered as leaders within their particular field of operation. The term leadership simply means the method of influencing a group of people & guiding them towards the accomplishment of a common objective. Our present topic of discussion is the effect of leadership within a workplace and its application within the management of an organization. Generally the organizations get highly benefitted by the implementation of proper leadership approaches as it results in improved quality of goods & services produced by the organization (Maslanka, 2004). What is leadership? Leadership refers to the way by which an individual organizes a group of people so as to achieve a common goal. Leadership is a process of social influence in which an individual attempts to gain the support and help of a group of people to accomplish a common goal (Northouse, 2010, p.4). â€Å"Effective leadership is not about making speeches or being liked; leadership is defined b y results not attributes†-Peter Drucker (RAUP, 2012). â€Å"A leader is one who knows the way, goes the way, and shows the way†- John C. Maxwell (Akbarzadeh, 2011, p. 123). ... A leader must be reliable, and must be able to offer trust and confidence to his or her followers. A leader must be able to communicate to his or her followers clearly and efficiently. Proper supervision is essential. A leader must be modest, helpful and co-operative as because he or she have to lead a team of followers. Dictatorship is an important characteristic of a leader, but it needs to be fair and just. Overconfidence and ruling attitude has a negative impact. A leader must be capable of handling responsibilities and take strategic decisions as per requirement (Maxwell, n.d). Leadership styles 1. Transformational Style- in this style the leader guides and transforms the staff. The leader makes continuous efforts to address the grievances of the employees and motivate them for improved performance. Here open communication between the staff and the leader is always encouraged and the leader follows participative style of management. The staff gets highly influenced by the leader in Transformational Leadership Style. (Lai, 2011) 2. Transactional Style- Here the main focus of the leader is on management’s objectives. In this style the leader constantly motivate his followers by offering rewards for completed tasks. These leaders are mostly work oriented; they usually follow a particular structure and practice directive style of management. In this style of management, innovativeness and creativity are ignored and people are often motivated by the use of extrinsic motivational factors like incentive and holiday trip (Hood, 2007, p.16) 3. Laissez-faire Style- This is also termed as Passive Leadership which exercises least control on the staff. The managers avoid the responsibility of setting objectives and