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The importance of and defining leadership in a business - Coggle Diagram
The importance of and defining leadership in a business
Definition of leadership
. In business, leadership is the ability of management being able to set challenging and achievable goals, have a sense of urgency when it’s time to make decisive action, be better than the competition and inspire the team to perform at the highest standard. Leader have a clear vision of where the company is headed and plans the necessary step to get there. (Twin, 2022)
Leadership Definition
I
mportance
. Leadership boosts the morale of the business. When the workforce is happy they are most likely to stay in the business. Retain employees is good for the success of the business, less expensive and saves the business time. Good Leaderships increases productivity. Leaders can delegate tasks efficiently. Leadership keeps the employees motivated. Leaders motivate employees and reward them for their hard work and achievement. It ensures good communication. A leader will ensure that communication reach all employees.
Negative side
in leadership; some leaders can be selfish, get angry quickly, Impatient, inconsistent and Impatient leaders
Leadership theories needed to run a 21st century business
7 leadership theoris
Situations theory.
This theory is similar to contingency theory, it focuses on the importance off content and makes adjustments to achieve objectives. The leadership style can be influenced by how dedicated and competent the team members are in the project. They encourage their teammates, build a sense of connection with employees, can recognize when a different leadership philosophy is needed for a particular situation and develops teams.
Great man Theory
. Some of the qualities of a leader in this theory are given from birth not learned. Such as wisdom, appeal, glamour, daring and assertiveness. When it comes to this theory, its either you have it or you don’t. these qualities should come naturally.
Contingency theory.
They believe there is no right way to run the business. When determining the strategy for leadership in the business, they rely on both external and internal considerations. Leaders in this theory follow these elements; speed of the work good management approach, level of maturity of the employee, the relationships between the workers and objectives of the organization.
The trait theory.
Leaders have certain personality qualities and behavior. Some leaders are naturally gifted to be leaders than other people. these characteristics include; Thinking with action, ability to recognize obstacles, talented in communication, motivated and the ability to make decisions with assurance.
Transformation theory
. Raises the morale of the employees, which helps them work better for the company. The leader may inspire employees beyond what they are capable of doing. A transformation leader can; lead by example, promote the development of the employees, make difficult decisions, be self-managed, use interaction at high priority with his employees.
Behavioral theory.
The environment the leader is in plays a huge role in the way they lead and produce effective leadership. This leader is influenced by his environment, not born with these qualities but trained to become a leader. Any person can become a leader with the proper training. These leaders are task focused, current authority, reliable put people first and apathetic leaders.
Transactional theory,
also known as the management theory. It has been developed to help boost productivity in the company. It works well in an organization that operates in a hierarchy, emphasizing on structure and authority to maintain order and inspire staff to do their best. The leader focuses on his own interests, doesn’t use original thought, encourages performance, focuses of targets and objectives.
Strengths and weaknesses
Weaknesses: Poor Communication skills. Low Emotional intelligence at times. Over relying on formal authority. People skills are still underdeveloped. Inability to listen to people who matter.
Strengths: Delegation. Equally fairly delegate tasks. Fair attitude when dealing with any problem. Humility, willing to learn from my team. honest to the team even when things are not going as planned, accountability and passionate about most of the projects I start.
Possible actions to improve certain leadership skills
To limit relying on formal authority I need to be able to inspire my team by being specific about the impact they have in the success project. I need to give great feedback and be prepared to add value in the project.
In order for me to be good leader and improve people’s skills I need to first learn to follow. I should not feel treatment when someone else is better than me at something. I should take on more projects, step out of my comfort zone where I will learn new things.
To improve emotional intelligence, I need to practice mindfulness. I need to review my strength and weaknesses before taking a leadership role in any project. I need to seek feedback from my team which will help me improve. I must always keep an open mind, curious to try new things and welcome other people viewpoints.
Listening to my teammates builds trust and motivates them. To improve my listening skills, I need to always keep eye contact and ask the right questions, as well minimize distractions.
To improve my communication skills as a leader I need to be simple and direct when I communicate. Clearly communicate my thoughts and ideas using different media. I need to listen and encourage others to have input.
Being an agile leader
What Is Agile Leadership, and Why Does It Matter
Being an Agile leader today means removing any roadblock for the team’s success and for the team to be more productive and effective. This leadership style helps the team work together, reducing the waste of time and resources. With the fast changing work environment, it highly important to apply the agile leadership in the organization, it help the organization adapt faster and respond quicker to external factors. Agile leaders prefer to have stronger teams than dominant individuals. They work with the strengths of the team. They don’t put themselves above the group. They are aware that there is always a way to do things in the team and listen when team members bring ideas.
Example of Agile leadership if Amazon’s Jeff Bezos. He prioritizes the customer first and accepts innovative ideas from within the organization to help the customers get what they need.
Important leadership skill. Communication, motivation, delegation, Positivity and trustworthiness are all very important skills for a leader. However, communication is by far at the top of the list when running a business. In our last project, tasks were not completed because the was poor communication from the PM. I believe there should be a steady flow of communication between the leader and team members. There should be regular conversations to keep the work flowing smoothly. Important Leadership Skills for Workplace Success.
Important leadership skills for the workplace