Welcome to session on Leadership What is Leadership ? “The process of influencing the activities of an organized group in its efforts toward goal setting and goal achievement” (Stogdill, 1950, p. 3) “Influencing, motivating, and enabling others to contribute toward the effectiveness and success of the organizations of which they are members” Before We Begin… Which famous leaders can you think of? Leaders- The World respects the most! (2004) 1. 2. 3. 4. 5. 6. Bill Gates (Microsoft) Jack Welch (GE) Carlos Ghosn (Nissan) Warren Buffett (Berkshire Hathaway) Michael Dell (Dell Computer) Hiroshi Okuda (Toyota) (According to Price Waterhouse Coopers & Financial Times study) Continued… 7. 8. 9. 10. 11. Jeff Immelt (GE) Carly Fiorina (HP) Steve Jobs (Apple) Fujio Mitarai (Canon) Lou Grstner ( IBM) (According to Price Waterhouse Coopers & Financial Times study) Most admired Indian Leaders. Narayan Murthy 40% Dhirubhai Ambani 21% Azim Premji 6% Kumaramangalam Birla 6% Tatas 3% [SOURCE: SURVEY CONDUCTED BY LEADING B-SCHOOLS AMONG MBA STUDENTS IN THE COUNTRY] LEADERSHIP THEORIES TRAIT THEORY BEHAORIVAL THOERY MANAGERIAL GRID PATH GOAL FRAMEWORK Trait Theory “Can-Do” Attitude Honesty and Integrity Intelligence Desire to Lead SelfConfidence Ambition and Energy Behavioral Theories Initiating Structure Ohio State Consideration University of Michigan Employee-Orientation Production-Orientation Managerial Grid Country Club Management Team Management Concern for People Middle-of-the Road Management Impoverished Management Authoritative Management Concern for Production Leadership Levels Level 5 -- Executive Level 4 -- Effective Leader Level 3 -- Competent Manager Level 2 -- Contributing Team Member Level 1 -- Highly capable individual LEADERSHIP TYPES VISIONARY CHARISMATIC TRANSFORMATIONAL Role Play Leadership “Style” Autocratic – “dictator” Democratic – “boss” Laissez Faire – “guidance” Want To Know More About Your Leadership Style? Leadership Styles.. Directing: Close supervision; Leaders define role and task; Largely one way communication Supportive: Leader still defines roles and tasks but seeks ideas/suggestions from the followers. Decision still with leader. More two-way communication Leadership Styles.. Consulting: Day-to-day decisions rests with the followers, Leader facilitates and takes part in decisions, The control is with the follower. Delegating: Leaders are still involved in decisions and problem-solving, The control is with the follower. The follower decides when and how the leader will be involved. Key Traits of Successful Leaders Traits Honesty Passion Empathy Innovation Maturity Achievement drive Key Traits of Successful Leaders Traits Stress Tolerance Courage Self Awareness Innovation Commitment High Energy Level Seven Leadership Competencies Emotional Intelligence Integrity Drive Leadership Motivation • Perceiving, assimilating, understanding, and regulating emotions • Truthfulness • Translates words into deeds • Inner motivation to pursue goals • Need for achievement, quest to learn • High need for socialized power to accomplish team’s or firm’s goals more Seven Leadership Competencies (con’t) Self-Confidence • High self-efficacy regarding ability to lead others Intelligence • Above average cognitive ability • Can analyse problems/opportunities Knowledge of the Business • Familiar with business environment • Aids intuitive decision making The Five Ps of Leadership Pay attention to what’s important Praise what you want to continue Punish what you want to stop Pay for the results you want Promote those people who deliver those results An Effective leader Does not listen Fails to delegate Does not show respect Shows no interest in followers Gives negative feedback to a third party Does not praise when praise is due Criticizes in front of others Takes personal credit for others ideas Is always taking control Has a tendency to bully! How to Improve Your Leadership Skills Skill 1: Think Like a Leader Identify what is happening Explain why it is happening Decide what you are going to do about it. Skill 2: Use an Appropriate Leadership Style Leaders usually fit their style to the situation. Different leadership styles are appropriate to different situations. Continue… Skill 3: Pick the Right Leadership Situation Gravitate toward leadership situations that fit your favored leadership style. Skill 4: Good communication skills Listen carefully Ask questions and paraphrase to confirm Speak slowly and clearly Have listeners repeat the understanding of what was said. Encourage questions. Continue… Skill 5: Exercise Better Judgment Decisiveness and good judgment (“cognitive ability”) are important leadership traits. Skill 6: Improve Leadership Traits and Skills Exhibit self-confidence. Display honesty and integrity. Increase your knowledge of the business. Leadership—Practical Tips 1. Project energy. 2. Be involved and involve others. 3. Assist evaluation and change for the group. 4. Persuade and persevere. 5. Look beyond the obvious. 6. Maintain perspective. 7. Target energy on success opportunities. 8. Influence cooperative action. 9. Support creativity. 10. Take the initiative. 11. Ignore the negative. LEADERSHIP ETIQUETTE MAKE DECISIONS THAT ENHANCE THE ENTIRE GROUP RATHER THAN YOURSELF REALIZE YOU ALSO HAVE A SUPERIOR EXAMPLE OF FAIR PLAY, INTEGRITY & DEPENDABILITY KNOW THAT POWER IS GIVEN BY THE MEMBERS & CAN BE TAKEN AWAY LEADERSHIP ETIQUETTE GENUINELY LISTENS TO THE NEEDS, FEEDBACK AND SUGGESTIONS OF MEMBERS, NOT JUST A SELECT FEW UNDERSTAND THAT LEADERSHIP IS NOT A GLORY POSITION, BUT A RESPONSIBILITY POSITION BE WILLING TO ROLL UP SLEEVES & HELP WHEN THE GOING GETS TOUGH LEADERSHIP ETIQUETTE THE ENTIRE GROUP, NOT FOR SELF KNOWS THAT WITHOUT THE WORK, SUPPORT & DEDICATION OF ALL MEMBERS, THE ORGANIZAITON WILL NOT BE SUCCESSFUL SACRIFICE PERSONAL GLORY & RECOGNITION TO SHARE WITH ALL FOLLOWERS WORK FOR THE SUCCESS OF THE ENTIRE GROUP, NOT FOR SELF Five negative leadership traits that prevent individuals from being leaders Uninformed about the problem being discussed Non-participative Rigid in holding on to their ideas Authoritarian in bossing others around Offensive and abusive in language style