Understanding different types of leadership and management theories and principals and their impact on the effectiveness and continuous improvement of an organization. S.M.K.M.C Bandara HND(BM) Leadership & management INTRODUCTION OF DIMO (DIMO –2022) What is the Leadership Leadership in business is the capacity of organization 's management to set and attain challenging goals, take quick and decisive action when needed, outperform the competition, and inspire others to perform at the highest level . It can be normally to place a value on leadership or other qualitative sides of a company, versus quantitative metrics that are commonly tracked and much easier to compare between companies. (Ward, 2020) (Twin, 2022) Theories of Leadership Behavioral leadership theory Transactional leadership theory Transformational leadership theory Contingency leadership theory Great man leadership theory Situational leadership theory Trait leadership theory Behavioral leadership theory Behavioral Theory considers effective leadership to be the result of many learned or acquired skills. this suggest that an individual can study to become a good leader. This is one of the best leadership theories. Transactional leadership theory Transactional Theories, also referred to as Management theories or exchange leadership theories, revolve around the role of supervision, organization, and teamwork. These leadership theories consider rewards and punishments as the basis for leadership actions Transformational leadership theory Transformational leaders typically motivated by their ability to show their assistant the significance of the task and the higher good involved in carry out. Contingency leadership theory Contingency leadership Theory , Many leaders not only have the right characteristics, but also have the ability to assess the needs of their subordinates, analyze the situation and act properly. (Simplilearn, 2022) Great man leadership theory The great man theory of leadership states that some people are born with the necessary quality that set them apart from others and that these traits are responsible A leader is a hero who accomplishes goals against all odds for his assistant . Situational leadership theory According to this theory, different in condition demand different styles of leadership and decisionmaking. Leaders must act by judging the situation they are facing. Trait leadership theory This theory walks in the footsteps of the Great Man theory in assuming that leaders are born with traits that make them more suitable for the role of a leader than others who lack those natural-born traits. (Simplilearn, 2022) Theories of leadership affecting management activities of different organization. Theories organizations United Moters Transactional Applicable Transformational Situational Applicable Auto Miraj Applicable Toyota Lanka Applicable Jayasekara Moters Applicable Trait Behavioral Contingenc y Great man Leadership theories merge with DIMO Theories Applicated Not Applicated N.A Behavioral Transactional A Situational A Trait N.A Transformational N.A Contingency N.A Great man N.A Introduction of management Introduction of Management Management is the effective and efficient achievement of company goals through the planning, organization, management and management of organizational resources. (press, n.d.) Theories of management •Classical Approach * Fayol’s administrative theory * Scientific management theory •Management as a function of organizations * Charles Handy’s model of organizational culture •Modern management theorist * Quantitative approach * System-based approach * Contingency approach Functions of Management (sharma, n.d.) Planning Drafting a successful plan means aligning the goal with the company's vision, considering factors affecting the project internally and externally, and establishing a realistic time frame while being mindful of resource and budget constraints. Organizing Organizing facilitates a clear development of the organizational structure for executing the plan, but it also encourages cooperation among team members spread amongst various departments and teams. Leading The dominant phase was to motivate and influence employees to do the work and meet the performance qualities. Controlling The controlling function includes of monitoring performance and progress through project execution and making adjustments as needed. owners should ensure that employees meet deadlines while simultaneously balancing synchronicity amongst the project’s resources and the overall budget. (Boogard, 2022) Theories of management affecting management activity of different organization Theories Organization Fayol’s administr ative United Moter Applicable Scientific Charles Handy’s Quantitative Jayasekara Moter Contingency Applicable Auto Miraj Toyota Lanka Systembased Applicable Applicable Applicable Applicable Applicable • Management theories of DIMO. Theories Applicable Fayol’s administrative Yes Scientific Yes Charles Handy’s Yes Quantitative Yes System-based Yes Contingency Non Applicable Yes • Leadership and management styles affecting to the DIMO. •Identifying the challenge: In this step, the manager discovers an issue and determines the circumstances that led to the situation. •Devising solutions: After learning more information about the case, the manager creates one or several possible solutions. •Weighing options: The manager analyzes the advantages and disadvantages of each option and explores alternative solutions if needed. •Making a choice: Once a thorough assessment takes place, the manager makes a final decision about what action to take. •Informing others of the decision: The manager informs employees of the decision and explains how the decision influences the workplace. (Team, 2021) (Team, 2021) Leadership Advantages and disadvantages Leadership and Management styles Advantages Disadvantages • Increases productivity • Slower decision making • Quick decision making • Workers may feel demotivated • Increase performance • Employee lack of freedom • Improves teamwork • Mental and physical stress in organizations (frndzzz, n.d.) (Chia, 2021) Management Advantages Disadvantages • Things get done more efficiently • Requires time and patience for employee development • Improves motivation and morale • Social pressure to conform with groupthink • Performance improves due to greater ownership for all team members • Can result in inefficiency and low productivity organization cultures (Charles handy 4 classes of organizational culture) Conclusion This chapter focused on communication and how it effects organizational and everyday lives. Communication, the communication process, and how to effectively and efficiently communicate to others was discussed. Communication’s role within learning organizations and how the technological medium has influenced changes in learning organizations. References Simplilearn (2022)Slimplilearn. [Online] 7 Major Leadership Theory every Manager should Master in 2022, Available at: https://www.simplilearn.com/top-leadership-theories-every-manager-should-know-article [Accessed 2nd August 2022]. Twin, A.(2022). Investopedia. [Online]Leadership, Available at: https://www.investopedia.com/terms/l/leadership.asp [Accessed 1st August 2022]. Ward, S.(2020) Small business. [Online] What is Leadership, Available at: https://www.thebalancesmb.com/leadership-definition-2948275 [Accessed 1st August 2022]. Boogard, K.(2022) wrike. [Online] What are the 4 functions of management, Available at: https://www.wrike.com/blog/four-functions-of-management/ [Accessed 3rd August 2022]. press, F. D., n.d. fhsu digital press. [Online] introduction of management , Available at: https://fhsu.pressbooks.pub/management/chapter/introduction-to-management/ [Accessed 4th August 2022]. Chia, S. (2021). BetterUp. [Online] Six management styles, Available at: https://www.betterup.com/blog/management-styles [Accessed 4th August 2022]. frndzzz, n.d. Frndzzz.com. [Online] Advantages and Disadvantages of leadership, Available at: http://frndzzz.com/leadership/advantages-and-disadvantages-of-leadership [Accessed 4th August 2022]. Team, I. E.(2021) indeed. [Online] What is decision making, Available at: https://www.indeed.com/career-advice/career-development/why-is-decision-makingan-important-leadership-skill [Accessed 4th August 2022]. Q&A Thank you