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Business Leadership: Unit 2 - Coggle Diagram
Business Leadership: Unit 2
Emotional Intelligence
Emotional Intelligence is an extremely important portion in our capabilities as a leader in the workplace. EI is the capacity ti be aware of, control, express and handle one's emotions.
Many people can be academic superstars, extremely book smart, however those who are socially inept don't understand social situations very well. This can greatly affect the success of your own work and the employees who work for you.
There are 4 ways a lack of emotional intelligence can affect your life. These are; work performance, physical health, mental health and personal/professional relationships.
There are 3 ways you can determine if you have high emotional intelligence. These 3 ways are; strong emotional vocabulary, a good judge of character and difficult to offend.
Personality Assessments
We finish the personality assessments with what colour you most associate yourself with and if you are a type A or B person. These colours are correlated to the adjectives we could use to describe ourselves. The type A person is if you believe you are an extrovert and the type B is for those who identify as an introvert.
The Myers-Briggs Type Indicator is another personality test we completed and it indicated our percentages of; introversion/extroversion, sensing/intuition, and thinking/feeling.
We begin with figuring out our animal that matches our personality, this gives us a general idea of what jobs would suit us, what celebrities are similar to us and what traits we have.
We begin this unit with personality assessments to determine our general personality types. This is done so we can see what jobs, positions and types of management your personality would be eligible for.
Types of Leadership
As a class, we went over the 10 types of leaderships which are; democratic, autocratic, laissez faire, affiliative, emergent, transactional, transformational, pace setting, visionary, and situational.
We were then split into groups of 3-4 and given one of the types of leaderships to research and present to the class. We were instructed to also research a leader of our type and the worst ever leader of that type.
My group was given the visionary leadership type, we chose Elon Musk as our example of a visionary leader and Pol Pot (leader of Cambodia during the Cambodian genocide). We found that visionary leaders were naturally creative, motivated, trusted, inspired commitment, and cohesion. We also found that visionary leaders tend to be ineffective as their optimism is almost unrealistic, they don't hold their employees accountable, get bored easily and can lack focus.
Power
Power is craved by all and held by few, in this lesson we discus how power is used in the workplace and its importance. Power is the ability to affect the behavior of others. Many believe that power will always remain and that true equality or utopia is impossible because of human's innate drive to gain it. However, it is hoped that power can be used to influence and control others for common good rather than personal gain.
There are 6 types of power; legitimate, reward, coercive, expert, political and referent. Legitimate power is granted through organizational hierarchy. Reward power is the ability to give or withhold rewards. Coercive power is the ability to force power through emotional, physical, and psychological means/threats.
Leadership Theories
Leadership theories help managers and leaders in the workplace become more distinguished and better with their roles.
There is a discrepancy between leadership theories and styles however. Although they both advocate for accomplishment of tasks and the employees doing the work, they have many differences. Leadership theories look at success and how it was obtained along with the big picture while styles look at reoccurring behavior and specific characteristics in an individual.
There are two types of leadership theories; Hershey-Blanchard, and Vroom-Jago. Hersey-Blanchard's theory states that leaders should vary their approach of situations depending on the individual. There is 4 leadership styles in the Hersey-Blanchard theory; high competence/high commitment, moderate-high competence/variable commitment, low-some competence/low commitment and low competence/high commitment. All of these styles are dependent on directive and supportive behavior, this is done by delegating, supporting coaching and directing employees
The Vroom-Jago leadership theory is used by leaders to determine if they need to make a decision alone or involve a group, and the extent to which the group is involved. There are three options to this; authority, consultative and group decisions. A leader can use authoritative leadership if they have; information/expertise, if they don't have acceptance of commitment and critical implementation and if there is a time pressure. If the leader doesn't have these and the followers don't then it becomes a consultative decision. If the followers have the information/expertise, acceptance and commitment for critical implementation and there is low time pressure than it becomes a group decision.
Teamwork
Team work is absolutely essential for a business to operate and thrive. Without proper leadership, chemistry and enthusiasm no task will be properly executed and completed.
There are 5 lessons which can benefit cooperation in the workplace. 1: a group of people who have a common goal and a sense of belonging achieve their goals with more efficiency than those who are out of place.
2: Going it alone is unsupported as you don't have a team to fall back on if need be. 3: A dictatorship doesn't work well in the workplace and eventually it will topple or the leader over worked/exhausted. 4: Encouragement and motivation are key in completion of tasks from all walks of life, whether it be in the workplace or the football field. 5: A team is only as strong as it's weakest link, standing by and helping those weaker members improve is only going to help your team.
There are 3 types of teams; Functional which accomplishes a number of tasks with an unspecified time frame, Task which is used to accomplish a small amount of tasks within a specific time frame and informal which is created for relatively irrelevant goals. There's 4 types of team development; forming, storming, norming and performing. There's also 4 types of leaders; supervisors, network facilitator, participant and external coach. These teams become extremely effective as they share and build on each other's ideas, openly criticize and resolve disputes, discuss objectives and reach decisions through alternative ideas.
In a team, there are two important pieces to the puzzle: synergy which achieves its collective action by using its resources to the fullest. Cohesiveness is also important and is the chemistry between group members, it keeps the team motivated and attracted to the team.
However, even if everything goes according to plan, negative issues can still arise. A big factor in loss progress is when a team focus to much on cohesiveness and not the task that's at hand, and can result in poor decision making.