CHAPTER 8 - LEADERSHIP IN MANAGEMENT NOTES Leaders see the big picture and never lose sight of their goal. Good leaders manage others by inspiring them. Good leadership is needed not only in the business world but in areas such as nonprofits, education, and sports. LEADERSHIP QUALITIES Leadership - taking a company and its employees in a direction based on a vision. Qualities of a leader ( Motivation, Confidence, Communication Skills, Integrity) Motivation has three different components: –Inspiring others –Initiative (ability to act and make decisions without the help or advice of others) –Having a goal A true leader is motivated by a vision and uses it to inspire others. Confidence - knowing what to do & taking action. A confident leader is also decisive. Communication Skills Being able to communicate and discuss employee issues helps leaders deal effectively with different situations. A leader must have good human relations. (Study of the way people interact in the workplace and how communication can be improved.) Good communication skills also involve a mentor. (Trusted counselor or guide.) Leaders need to listen to people to be informed about what they are doing, and what their strengths and weaknesses are. Integrity Adherence to a code of ethical values such as honesty, loyalty, and fairness. Integrity is the most highly valued quality in a leader. LEADERSHIP STYLES (Autocratic, Democratic, and Free-rein) –Why do you think leadership styles vary? They are influenced by: (Leader’s personality, firm’s culture, the work being done, the situation) Autocratic Leadership One person runs everything and makes all decisions without consulting others. When they give orders they expect them to be obeyed without question. Major Problem: Many people do not like to work for them. Firefighters, combat troops, and police officers have autocratic leadership. Democratic Leadership Managers work with employees to make decisions. Everyone meets, discusses a situation, and listens to each other’s opinion. Democratic leaders still make the final decisions, but they might explain their reasons for making them. Free-Rein Leadership (Also called Hands-Off Leadership) Requires the leader to set goals for managers and employees and then leave them alone to get the job done. This style places trust and confidence in workers. The leader delegates (give managers and employees the power to run things and make decisions). Leadership in Teams Self-managed teams – work groups that supervise themselves. The use of self-managed team approach started in Japan and came to the United States in the 1980’s. Advantages & Disadvantages of Self-Managed Teams Advantages: –More goal oriented than task oriented –Team members have a chance to learn each other’s job and obtain new skills –Team members learn to participate and cooperate Disadvantage –Some people do not have the skills and initiative to work together productively. Academic Vocabulary incline - to lean, tend, or become drawn toward role - a function or part performed, especially in a particular operation or process approach - the taking of preliminary steps toward a particular purpose vision - an image or concept in the imagination trend - a prevailing tendency or inclination Conflict - competitive or opposing action of incompatibles technique - a method of accomplishing a desired aim