Chapter 9 LEADERSHIP AND DECISION-MAKING PowerPoint Presentation by Charlie Cook Copyright © 2005 Prentice Hall, Inc. All rights reserved. LEARNING OBJECTIVES After reading this chapter, you should be able to: 1. Define leadership and distinguish it from management. 2. Summarize early approaches to the study of leadership. 3. Discuss the concept of situational approaches to leadership. 4. Describe transformational and charismatic perspectives on leadership. 5. Identify and discuss leadership substitutes and neutralizers. Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–2 L E A R N I N G O B J E C T I V E S (cont’d) After reading this chapter, you should be able to: 6. Discuss leaders as coaches and examine gender and cross-cultural issues in leadership. 7. Describe strategic leadership, ethical leadership, and virtual leadership. 8. Relate leadership to decision making and discuss both rational and behavioral perspectives on decision making Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–3 What’s in It for Me? • Why does understanding leadership matter to you? By mastering the material in this chapter, you’ll benefit in two ways: 1) You’ll better understand how you can more effectively function as a leader 2) You’ll have more insight into how your manager or boss strives to motivate you through his or her own leadership 1) Can you tell them how you want to be led? Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–4 The Nature of Leadership • What Is Leadership? The processes and behaviors used by someone, to motivate, inspire, and influence the behaviors of others. • Are Leadership and Management the Same? No Management is more about the formal steps required to plan and execute business. Leadership is setting a vision, gaining alignment toward fulfilling that vision, and inspiring people to get it done. Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–5 TABLE 9.1 Kotter’s Distinctions Between Management and Leadership Activity Management Leadership Creating an Agenda Planning and budgeting Establishing direction Developing a Human Network for Achieving the Agenda Organizing and staffing Aligning people Executing Plans Controlling and problem solving Motivating and inspiring Outcomes Produces a degree of predictability and order and has the potential to consistently produce major results expected by various stakeholders. Produce change, often to a dramatic degree, and has the potential to produce extremely useful change. Source: The Free Press, an imprint of Simon & Schuster Adult Publishing Group, from A Force for Change: How Leadership Differs from Management, by John P. Kotter, 1990. Copyright 1990 by John P. Kotter, Inc. Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–6 Strategy & Theory Relationships • Psychological Contract Stop bad behavior, encourage good Job Satisfaction, Turnover, morale • Scientific Management Efficiency allows money incentives • The Hawthorne Effect Watch, display, improve • McGregor’s X & Y Theories X (lazy), Y (dedicated) • Maslow’s Hierarchy of Needs Reaching next level motivates • Herzberg’s 2 factors Hygiene vs. motivating • Expectancy Theory Size, Expectations, Valued • Equity theory Getting even Copyright © 2005 Prentice Hall, Inc. All rights reserved. • Personality Relate the theories to the strategy Management vs. Leadership 6–7 Early Approaches to Leadership • Trait Approaches to Leadership Focused on identifying essential leadership traits Intelligence, dominance, self-confidence, energy, activity (versus passivity), and knowledge about the job Yielded inconsistent results Recent research finds something more. Intelligence, emotional intelligence, drive, motivation, honesty and integrity, self-confidence, knowledge of the business, and charisma Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–8 Early Approaches to Leadership (cont’d) • Behavioral Approaches to Leadership Focuses on the behaviors of leaders Assumed that the behaviors of effective leaders were hard-coded in the leader type: Task-focused leader behaviors related to increasing the performance of employees Employee-focused leader behaviors related to job satisfaction, motivation, and well-being of employees Managers should learn to use both behaviors, and in different proportions as the situation requires. Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–9 The Situational Approach to Leadership • Situational Approach Assumes that appropriate leader behavior varies from one situation to another Continuum of leadership behavior Considers influences of the characteristics of the leader, subordinates, and the situation Continuum ranges from having the leader make decisions alone (i.e., task-focused) to having employees make decisions with only minimal guidance from the leader Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–10 Strategy & Theory Relationships • Psychological Contract Stop bad behavior, encourage good Job Satisfaction, Turnover, morale • Scientific Management Efficiency allows money incentives • The Hawthorne Effect Watch, display, improve • McGregor’s X & Y Theories X (lazy), Y (dedicated) • Maslow’s Hierarchy of Needs Reaching next level motivates • Herzberg’s 2 factors Hygiene vs. motivating • Expectancy Theory Size, Expectations, Valued • Equity theory Getting even Copyright © 2005 Prentice Hall, Inc. All rights reserved. • Personality Relate the theories to the strategy Trait vs. Behavioral vs. Situational 6–11 Leadership Through the Eyes of Followers (cont’d) • Charismatic Leadership Influence based on the leader’s inspiring personality, support and acceptance. Inspires great confidence Galvanizing Shoots for the stars Might grow to believe they actually are superior. – Ethical considerations Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–13 Leadership Through the Eyes of Followers • Transformational Leadership The set of abilities that allows a leader to recognize the need for change, to create a vision to guide that change, and to execute the change effectively • Transactional Leadership Basic management involving routine, regimented activities (leading during a period of stability) What What What do type you happens iswant needed inwhen aas brand-new the thefirm transformational fast-growing matures? leader firm?leaves? Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–14 Basic Management Skills Urgent vs. Important: Realizing Doing what the How you is GET important important your Time management Management job Skills Conceptual Skills Human Relations Skills Relating with the team that gets it done How you keep your management job DecisionMaking Skills Technical Skills Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–19 Rational Decision Making • Recognizing and defining the decision situation Where do we stand Where do we need to be • Identifying alternatives Look beyond the obvious Alignment with long term goals • Evaluating alternatives Let’s be Booniez? -an outdoor recreation equipment retailer on Fir Ave. behind Costco in Marina? From all stakeholders’ eyes • Selecting the best alternative Building commitment (coalition) • Implementing the chosen alternative • Following up and evaluating the results Escalation of commitment Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–20 Behavioral Aspects of Decision Making • Political Forces in Decision Making Coalition: An informal alliance of individuals or groups formed to achieve a common goal • Intuition An innate belief about something, often without conscious consideration • Escalation of Commitment Staying with a chosen course of action even when it appears to have been wrong • Risk Propensity The extent to which a decision maker is willing to gamble when making a decision Copyright © 2005 Prentice Hall, Inc. All rights reserved. 6–22 KEY TERMS • behavioral approach to • • • • • • • • • • • leadership charismatic leadership coalition decision making employee-focused leader behavior escalation of commitment ethical leadership intuition leadership leadership neutralizers leadership substitutes risk propensity Copyright © 2005 Prentice Hall, Inc. All rights reserved. • situational approach to • • • • • • leadership strategic leadership task-focused leader behavior trait approach to leadership transactional leadership transformational leadership virtual leadership 6–23