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Assignment Instructions
6-8 page Paper
Assignment overview and directions:
You are providing an overview of week 1-7.
Each chapter should be talked about in about a page to a page and half in length.
This should be the format of your Paper:
Make sure to add an abstract
1) Introduction should BRIEFLY tell your reader what you will discuss in the paper
2) Second page through 6th to 8th page should explain:
What were the most interesting aspects of each week (Each week should be written in a separate page to a page and a half). Then, find specific material that relates to EACH WEEK by researching our library and tell me how the material relates our text and why it would be important to understand. This should give you about 5-7 pages of solid content.
3) You should then end your paper with a conclusion about what you have written and tell me how this material will help YOU LEAD
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Running head: LEADERSHIP IN BUSINESS ORGANIZATIONS
Leadership in Business Organizations
Name:
Institution:
1
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Introduction
Leadership plays a very crucial role in business organizations. Leaders direct workers in
an organization hence making them perform their tasks as required. Leaders also design and
formulate the organizational strategies to be used in a firm. Visionary leaders are able to set
effective vision and mission statements which gives a sense of direction to workers in a
company. Vision are long term goals for a firm while mission is short term goals. As such,
setting effective vision and mission for organizations helps them perform well in the industry.
Leaders also oversee the implementation of various organizational strategies and this helps the
firms achieve their set goals and objectives. Effective leadership is used by business entities as
one of the strategies to gain a competitive edge over their rivals in the market. This way, the
organizations are able to perform well in the industry. In business organizations, different
leadership theories such as behavioral theory are applied. Future leadership leaders, motivation,
leader development extreme and strategic leadership, psychological contract and emotionally
intelligent leaders all play a very crucial role in promoting good leadership in a firm.
Leadership Theory
One of the interesting topic learned was leadership theories. Managers in a firm acts as
the leaders hence they steer the operations of a firm in the right direction and this results to the
organizations achieving their set goals and objectives. Leaders in a firm are believed to have
certain traits which make them great. A number of theories on how one can become a great
leader as well as ways of determining a successful leader helps understand leadership effectively.
Behavioral theory, for instance, focuses on the actions as well as behaviors of a leader as
opposed to their characteristics and traits. Great leaders according to this theory are usually as a
result of possession of a number of learned skills (Northouse, 2018). This is one of the present
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leadership theory applicable to organizations in the industry. Great man theory, on the other
hand, is one of the ancient leadership theory which has been known for many years. The theory
suggests that leaders are born rather than made hence for one to be a great leader, they must be
born with great leadership traits and skills.
The major traits for great leaders include; social skills, excellent communication skills,
charisma, confidence, and intellect. According to the great man theory, leaders are born with
these skills and traits hence they become great leaders once they grow up (Cutler, 2014).
Leadership traits can be learned in school and this makes people become leaders. In schools,
students are taught different management skills and this helps them become better leaders.
Acquired leadership traits, however, don’t make one a great leader since such people acquire
leadership skills rather than developing them. One of the materials that relate to the readings on
leadership theories is the application of different leadership theories in the US Navy leadership
found in the link; https://www.regent.edu/acad/global/publications/lao/issue_11/earnhardt.htm.
Some of the leadership theories that have been applied in the institution and proved to be
effective are; contingency leadership theory and path-goal theory among others.
Future Challenges
Future leadership challenges is another interesting topic I learned. Leaders in different
organizations face a number of challenges which lowers their performance significantly in the
organization. Poor leadership leads to poor performance of business entities in the industry and
this affects the growth of the business entity significantly. In the 21st century, the competition of
firms in the market has increased significantly and this requires leaders to design effective
leadership strategies in order to remain operational. The high level of competition in the market
has led to some business entities being pushed out of the market. Weak leadership has been the
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key contributor to the collapse of a number of firms in the industry. For this reason, the
competition, as well as high levels of leadership standards in the market, are posing great
challenges to different business leaders across the world.
Some of the great challenges being experienced by 21st century leaders and are possible
future challenges include; ability of leaders to promote change in an organization through
encouraging innovativeness and creativity, ability to handle the new technology is also a great
challenge for future leaders and finally, ability of leaders to promote corporate social
responsibility within their firms. The new technology keeps advancing for instance hence leaders
need to acquaint themselves with the most recent and developments of the new technology. This
way, they will embrace it and incorporate it in the operation of their firms. Embracing
innovativeness and corporate social responsibility is the only way for leaders to go in order for
their firms to remain competitive.
One of the materials related to this readings is the failure of Compaq Company as a result
of leadership challenges found in the link;
https://www.managers.org.uk/insights/news/2015/september/four-companies-that-failedspectacularly-and-the-lessons-of-their-premature-demise. Compaq Company failed because the
leadership of it failed to align its strategies to the shifts in the business environment. The
company, for instance, failed to embrace the culture of innovativeness and creativity and this
lead to its failure in the market.
Motivation
Motivation is yet another key interesting topic I learned about in the previous weeks.
Motivation entails boosting the morale of employees including leaders in order to increase their
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productivity in a firm. Use of the right motivation strategy increases the performance of workers
as well as leaders in an organization. Human resource department as well as leadership in a firm
designs and implements the compensation package for employees in the market (Cutler, 2014).
Use of a good compensation package for employees in a firm results in increased productivity
and performance of an organization in the industry. Leaders should understand what motivates
their employees effectively in order to give it to them. This way, an organization will be able to
increase its performance in the industry. The most commonly used motivation strategy by
business entities in the industry is money. Money makes individuals be financially stable and this
makes them boost their living standards. This way, leaders are able to motivate their workers
effectively hence boost their productivity. Recognition and promotion in the workplace are also
some of the motivation strategies used by leaders in different business entities. Through the use
of these strategies, the firms are able to improve their competitiveness in the industry as well as
increase their productivity.
One of the materials that relate to the week`s reading on motivation is the motivation
strategy used by Disney company found on the link;
https://www.forbes.com/sites/georgebradt/2015/05/20/disneys-best-ever-example-of-motivatingemployees/#2e362c98144b. The company motivate it, employees, effectively and this has
improved the morale of its employees significantly. It also increases the productivity of the
workers in the firm significantly. For this reason, the motivation of employees plays a very
crucial role in boosting their performance in the industry. The leadership of the company has
been at the forefront in promoting the good performance of a firm in the industry by motivating
its employees well.
The emotionally intelligent leader
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The emotionally intelligent leader is yet another interesting topic I learned. Leaders who
are emotionally intelligent are able to perceive and understand other people`s situations and
respond to them effectively. Emotionally intelligent leaders are able to understand their
employees effectively and respond to their needs. Effective understanding of workers in a
business entity leads to them being able to motivate them well since they feel valued and
consequently increase their performance in the industry (Miao, Humphrey & Qian, 2016). In
addition, emotionally intelligent leaders are able to read and control the emotion of the...