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Chapter 01 - Effective leadership and governance - Coggle Diagram
Chapter 01 - Effective leadership and governance
Leadership: process of influencing organization to achieve an aim or goal
Trait theories: qualities possessed by good leader (born to be leader/golden rules)
Behavioral / style theories (Ashridge management): 4 styles:
Tell (autocratic)
Sell (Persuasive)
Consult (Participative)
Joins (Democratics)
Situational / Contingent approach: No golden rules for every situation. Management depends on situation
John Adair's Action-centered leadership approach: 3 circles diagram:
Achieving the task
Managing the team or group
Managing individuals
Transactional leaders / Instrumental leadership:
Work within organization boundaries
Improvement rather than change
Doing things right
Short-term provision
Transformational approach / Charismatic leadership:
Long-term vision
Re-engineer to change the organization radically
Do the right things
Role of leaders:
Envision future strategy
Align the organization to deliver strategy
Embody changes
Middle managers:
Advise to senior management
Sense-making of strategy (translate strategy into context)
Reinterpretation and adjustment of strategy
Local leadership of change
Change management style (Balogun and Hope Hailey): 5 styles:
Education and communication
Collaboration and participation
Intervention
Direction
Coercion
Entrepreneurship: process of identifying and exploiting the opportunities to create new products or services that satisfy a need in the market.
Intrapreneurship: behaving like an entrepreneur while working in a large organization.
Strategy: long-term direction of organization
Corporate strategy -> Business-level strategy -> Operational strategy
Mission statements: formal document that states the organization mission.
Ashridge College model of mission:
Purpose
Values
Policies and standard of behavior
Strategy
Mission objective: SMART (Specific, Measurable, Achievable, Realistic, Time-related)
Strategic Values
Ethical values of leaders:
Integrity
Honesty
Accountability
Objectivity
Fairness
Transparency
Openness
Responsibility
Loyalty
Strategic management: 3 step:
Evaluate strategic position
Evaluate strategic choice
Formulate and implement strategy
Corporate social responsibility (CSR): benefit to society in general
Corporate governance: Concerns the conduct of senior officers in an organization / Way organization is directed and controlled.
Cultures: Patterns of shared basic assumptions
Factors affect organization cultures:
National cultures
Founders
History
Style of current leaders
Organizational structures
Theory of cu-ltu-re web (CROP PS):
Control system
Routines and Rituals
Organizational structure
Paradigm (shared assumptions)
Symbols
Power structure
Stories and myths