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Leadership is a process of inspirational others to work hard to complete important tasks. It is also an power relationship among leaders and followers who aim real changes that return their mutual purposes (Rost, 1993). Leadership means getting every person to know the goal and then work towards achieving it. Leadership involves taking inputs from everyone and deciding how it all fits according to the vision. It involves given that a path for others to follow. It means having the capability to think ahead. It is about inspiring and encouraging people to achieve their full potential.
Leadership Traits are personal qualities or characteristics, typically one belonging to a person. Examples of leadership traits are: courage, self control, ability to communicate, assertive/decisive, open-minded, responsibility, team work, dedicated, humility, integrity and inspiring. Leadership traits allow business to experience greater success.
Leadership Skills are the total sum of capability to help the person/group achieve its goals and continue a successful working relationship among members. Whether it is to lead a company, a committee, a family, or a nation, one requires good leadership skills to get things done and to channelize the resourceful energy of people towards success. Leadership skills involve setting an example and being a model. It is about having a certain personality - qualities that other people are drawn towards, trust, look up to, and feel comfortable with. Examples of leadership skills are: good communication skills, motivating skills, listening skills, integrity, problem-solving and decision making skills, time management skills, etc.
Leadership Attitudes and Behaviours is a defined set of values, and an ability to take on people. Leadership attitude is summed up by being open, honest, reliable and acting with integrity. Effective leadership attitudes and behaviours deals with interpersonal relationship of a leader and follower. Leadership behavior is important because it has a positive influence on people's feelings and allows leaders to identify the behaviors at a very rough level. Examples of leadership attitudes and behaviours are supporting people emotionally, monitoring people's work in a positive way, recognizing people for good performance.
Contemporary Leadership Development is the coexistence with other team members, working simultaneously towards achieving simultaneous goals. Contemporary Leadership is about sharing the recognition of the team's accomplishments when successful, and collaborating with the team when facing challenges, offering solutions by example as opposed to pressuring others to deliver (Yeaster, 2010).
1.) Comparison of how leadership concepts are applied in small private versus large sized public business.
(a) Analyze the form of leadership in a Small Private Business.
Small business leaders have a strong influence on how employees achieve organizational goals. Small business leaders need a better understanding of leadership styles to show development and progress in achieving the organization's goals and objectives. Research on small businesses provides the small business leader and owner the understanding of what leadership activities are necessary to position the organization to achieve its goals and objectives. Small business leaders establish the working atmosphere of their business through their leadership style. Leaders of small business construction organizations must manage all business and operational functions. Leadership has an important role in organizational effectiveness.
(b) Give two examples each of an SPB and its leaders.
(c) Evaluate how leadership concepts are applied in a SPB (including but not limited to: leadership style(s), followership, power, communication, other.)
Leadership Styles - Small Private Business leaders need a better understanding of leadership styles to show development and progress in achieving the organization's goals and objectives.
Followership - Lack of employee empowerment creates unsatisfied employees who may not work toward achieving organizational goals and objectives.
Power- the leader or the owner of the small private business can employ and fire employees at any time without giving any reason.
Communication- owners are seen as leaders because they start new businesses based on an idea or vision and they can communicate with employees and share their vision and ideas.
Other- business owners at times hide few important things from employees as it will help the owners to achieve the organizational goals.
(d) Analyze the form of leadership in a Large Scale Public Business.
Large scale public business leaders has individual character where leaders are not scared to use rules, self belief, strong-minded, pleasant personality, energetic, passion, kind, cooperative, motivated, broad knowledge base, uncomplicated, simple, supportive, cool under pressure, has stability, active and responsive to achieve the organizational goals. Leaders in large sized public business show signs of forceful, transactional and transformational leadership.
(e) Give two examples each of a LSPB and its leaders
(f) Evaluate how leadership concepts are applied in a LSPB (including but not limited to: leadership(s), followership, power, communication, other.)
Leadership Styles - Leaders in large sized public business shows magnetic, transactional and transformational leadership styles.
Followership - Leaders in large sized public business has talent to encourage and support team work and help. Leaders concern about their followers. Leaders and followers have well developed interpersonal contact. Leaders create a independent feel and works with followers.
Power - Leaders holds lot of right and are not scared to use over their followers.
Communication - It is extremely important for the leaders in large sized public business to have the capability to communicate an idea/vision in a motivating way. Excellent listener link between the leader and follower with the significance on listening, caring and respect.
Other - Leaders have own character where they are not frightened to use power, self confidence, determined, pleasant personality, self-motivated, interest, belief in self, manner, supportive, driven, broad knowledge base, simple, cool under pressure, has balance, energetic and sociable to achieve the organizational goals.
(g) Compare and contrast between the applications of leadership concepts in a small private business versus a large sized public business.
Similarities: The leadership personality and prospect of small private business and large sized public business are same.
Differences: There is small difference compared to large businesses leaders (for vision and change) is hopeful. Small businesses for all time exist as unusual from larger ones in term of right to use resources, monetary, technological or person. Small business leaders are less imaginative and less friendly of vary than their large sized business.
3. Comparison of how leadership concepts are applied in for profit business versus not-for-profit organization.
(a) Analyze the form of leadership in a for-profit business.
For a profit business their main aim is to make money (profit). Most businesses in the private sector are interested in making money. Most businesses which are run for profitable gain and do have profit maximization as an important objective since the shareholders have taken a risk investing in the business and require a return (profit) to give back them for their risk.
(b) Give two examples each of an FPB and its leaders.
Stirling Sports - Greg Hall
KFC - Colonel Harland Sanders,
(c) Evaluate how leadership concepts are applied in a FPB (including but not limited to: leadership style(s), followership, power, communication, other.)
Leadership Styles - Leaders show magnetic, transactional and transformational leadership styles.
Followership - Leaders has capability to encourage and support team work and co-operation. Leaders and followers have well developed interpersonal contact. A leader make an independent be aware of and works with followers.
Power - Leaders holds lot of control and are not frightened to use over their followers.
Communication -Leaders have the capability to converse a thought/vision and way in a motivating way.
Other - Leaders have personal personality where they are not scared to use control, self confidence, strong-minded, enjoyable personality, active, passion, belief in self, good manner, supportive, motivated, straightforward, has stability, energetic and responsive to achieve the organizational goals.
(d) Analyze the form of leadership in a not-for-profit organization.
Non-Profit is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends. While not-for-profit organizations are permitted to generate surplus revenues, they must be retained by the organization for its self-preservation and plans. Non-Profit Organizations have controlling members or boards. Many have paid staff including management, while others employ are unpaid volunteers and even executives who work with or without compensation. According to Agard (2010) leaders in not-for-profit organizations exercise capabilities generally desire to accomplish positive change through their work.
(e) Give two examples each of a NFPB and its leaders.
Red cross - Henry Dunant
Child Fund New Zealand - Paul Brown
(f) Evaluate how leadership concepts are applied in a NFPB (including but not limited to: leadership(s), followership, power, communication, other.)
Leadership Styles - Leaders in not-for-profit organizations show captivating, moving, transformational and motivational leadership styles.
Followership - Relation are good among leader and followers thus they work jointly to accomplish organizations goal. Leaders build up and maintain followers who provide results.
Power - Leader of these organizations are capable to divide up control and motivate others to guide.
Communication - Leaders have the capability to communicate organization's idea and way in an encouraging and motivational way.
Other - Leaders in not-for-profit organizations have individual character of self-confidence, truthfulness, cognitive skill and knowledge. They use these special character to attain not-for-profit organization's goals.
(g) Compare and contrast between the applications of leadership concepts in a for profit business versus a not-for-profit organization.
For profit organizational the main aim is to make profit where as for non-profit organisational the main aim is to provide services to the public. For profit organizational the profits are not re-invested and are distributed to the owners of the corporation as cash. Secondly for-profit businesses have an only focus and that is to make money for their owners. Thirdly is too created when investors get together and transfer assets, money and talent to start the corporation. And finally each share of stock entitles its owner to one vote and owners of multiple shares have multiple votes. For non-profit organization are driven by values. Secondly the profits are used to provide goods or services to the group or groups the non-profit was formed to help. Thirdly most not-for-profit organizations have small staffs and small budgets. And finally leaders deal with a wide variety of organizational challenges.
4. Discuss of leadership in relation to social responsibility.
(a) Define Social Responsibility
Social Responsibility is an ethical thought or theory that an entity, be it an organization or individual, has a responsibility to act to benefit society at large. Is a duty every individual or organization has to perform so as to maintain a balance between the economy and the ecosystem. The principle that companies should contribute to the welfare of society and not be solely devoted to maximizing profits. Socially responsible means that people and organizations must behave ethically and with sensitivity toward social, cultural, economic and environmental issues.
Discuss the concept of social responsibility in relation to business leadership
The social responsibility concept is based on the premise that business has greater impact on society than can be measured by profit or loss. As a participant in society, business should contribute to the human and constructive social policies that guide society. The concept of social responsibility is merely a first step towards social effectiveness of business. It is the underlying value which gives businessmen a sound basis for social action. It is the philosophy which justifies business involvement in its social community, but philosophy by itself is incomplete. It must be followed by effective social action. Philosophy without program is a shadow without substance. Perhaps, one should take, therefore, less of corporate social responsibilities and more of corporate social responses. The former is too redolent of legalism and the notion of fixed obligations, the latter more open permits voluntary and creative undertakings by business on behalf of society's larger needs.
Discuss an example of a company that is deemed socially responsible by today's society.
An example of a company that is deemed socially responsible is British American Tobacco New Zealand. It is a socially responsible company as tobacco use is legal, this company supplies the market and operates in an improved way. They do not do tobacco marketing, thus create alertness of the side effect of consuming tobacco.
(b) Define Ethics.
Ethics is also known as moral philosophy, is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior. The basic concepts and fundamental principles of right human conduct. It includes study of universal values such as the essential equality of all men and women, human or natural rights, obedience to the law of land, concern for health and safety and, increasingly, also for the natural environment. See also morality. Moral principles that govern a person's behavior or the conducting of an activity: the branch of knowledge that deals with moral principles. Ethics are a guiding principle based on conduct which produces the greatest happiness or benefit to the greatest number of people.
(i) Examine ethics in relation to leadership business.
There are no universally agreed upon rules of ethics in leadership, no absolute standards or controls, and no fixed and firm reference points. This is fascinating given how hugely important ethics have now become in modern life and society. Business leaders must make decisions that will not only benefit them, but also they must think about how the other people will be affected. Leadership in business ethics can cover a broad field of areas. Ethics in leadership can improve the reputation and credibility of the company by emphasizing ethical decisions, behaviors, boundaries and ideas.
Discuss two business leaders who personify ethical leadership.
Aaron Feuerstein of Malden Mills, a textile company in Lawrence, Massachusetts, was destroyed by a very bad fire in December 1995. Owner/CEO Aaron Feuerstein continued paying the salaries of his whole workforce until he could finish rebuilding the factory and also kindly supported charities that helped the families of nine seriously injured workers who have since recovered (Gill, 2011).
Richard Warren Sears of Sears, Roebuck and Company, started the modern mail order industry, supplying a burgeoning nation with innovative products and building a business that gave employment to hundreds of thousands of people. In his zeal to sell merchandise, Sears occasionally would get carried away with catalogue descriptions, praising products far beyond the literal truth. This in turn led to return merchandise and reduced profits. But Sears learned his lesson. In later years, he was fond of saying honesty is the best policy. I know because I've tried it both ways.
(iii) Discuss two business leaders who are deemed examples of unethical leadership
George Speight- a leader of Fiji who tried to take over Fiji in 2000 coup failed to be successful. Speight failed to be successful and we to court where he sentenced and he is still in jail until now.
Osama bin Mohammed bin Awad bin Laden born on March 10, 1957 died on May 2, 2011 the founder of, the organization responsible for the September 11 attacks on the United States, along with numerous other mass-casualty attacks against civilian and military targets. He was a member of the wealthy Saudi bin Laden family. Bin Laden was on the American Federal Bureau of Investigation's (FBI) lists of Ten Most Wanted Fugitives and Most Wanted Terrorists for his involvement in the 1998 U.S. embassy bombings. From 2001 to 2011, bin Laden was a major target of the War on Terror, with a US$25 million bounty by the Federal Bureau of Investigation. On May 2, 2011, bin Laden was shot and killed inside a private residential compound in Abbottabad, Pakistan, by U.S. Navy SEALs and CIA operatives in a covert operation ordered by United States President Barrack Obama.
(c) Define the concept of stakeholders.
A person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives, and policies. Key stakeholders in a business organization include creditors, customers, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. Although stakeholding is usually self-legitimizing those who judge themselves to be stakeholders are stakeholder, all stakeholders are not equal and different stakeholders are entitled to different considerations. For example, a company's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company's employees. See also corporate governance.
(i) Identify the 5 main stakeholders a business leader is answerable to.
Employees, Customers, Communities, Investors and Regulators.
Discuss leader's responsibility to each of the stakeholders identified above.
Employees - want to work in a place where they can meet their personal needs and wants. Leaders who create job assignments, work environments, and visions help employees be both competent and committed to their work.
Customers - want leaders to build compelling products and services so that they can trust and when they do, customers will give share of wallet.
Communities - want leaders to build organizations that are socially responsible, through how they treat the environment and how they serve the larger community.
Investors - want leaders to keep their promises, develop a compelling growth strategy, align core competencies to the strategy and then to ensure that people are committed to delivering on these premises. When they do, investors reward the organization with high levels of confidence in the future which translates into higher market value.
Regulators - want leaders to govern themselves in accordance with high ethical principles and in a manner consistent with professional and legal standards.
(d) Discuss the impact of leadership on society.
(i) Discuss 2 positive impacts.
Positive leadership intentionally increases the flow of constructive emotions within society. Leaders who share positive emotions have the public with more positive mood, improve satisfaction, have greater meeting and improve performance in society.
(ii) Give examples of 2 leaders who've had a positive impact on society.
John Key and Nelson Mandela.
(iii) Discuss 2 negative impacts.
Leader's power has a negative outcome on society's perceptions of the leader's capability and desire to connect in open communication. Because open communication is very important to any development, these perceptions can hurt society's performance.
(iv) Give examples of 2 leaders who've had a negative impact on society.
George Speight and Osama Bin Laden.
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AOTEAROA TERTIARY INSTITUTE
NEW ZEALAND DIPLOMA IN MANAGEMENT
ASSIGNMENT 3: RESEARCH WRITE-UP
NAME : SURJIT SINGH
ID NUMBER: 27557
TUTOR : BIR PRASAD
DATE : 10TH AUGUST 2012