Rewards for effort promise rewards for good

Info icon This preview shows pages 8–10. Sign up to view the full content.

View Full Document Right Arrow Icon
rewards for effort, promise rewards for good performance, recognize accomplishments Charisma : provide vision & sense of mission, instill pride, gain respect & trust Management by exception (active): watch & search for deviations from rules & standards, take corrective action Inspiration: communicate high expectations, use symbols to focus efforts, express important purposes in simple ways Management by exception (passive): intervene only if standards not met Intellectual stimulation: promote intelligence, rationality, careful problem solving Laissez-faire: abdicate responsibilities, avoid making decisions Individualized consideration: give personal attention, treat each employee individually, coach, advise Sharing a Vision - articulate vision: key component of transformational & charismatic leadership - vision: inspirational possibilities that are value-centred and realizable, w/ superior imagery & articulation coffer new order that can produce org. distinction fail if it doesn’t offer view of future that’s better for org - ppl in org must believe that the vision is challenging yet doable RESEARCH: Impact of charismatic / transformational leadership: Company Performance - visionary companies performed better - transformational leaders had higher business unit performance results - charismatic leaders led more profitable companies Individual Performance - ppl working for charismatic leaders are motivated to exert extra work effort & more satisfied - transformational leaders are more strongly correlated than transactional leadership w/ lower turnover rates, higher productivity, higher employee satisfc’n, stronger bonds of loyalty - charismatic leadership had greater impact on team performance than individual performance Transformational Leadership Styles Across Cultures - charismatic leadership is similar in many countries (Canada, Hungary, India, Singapore…) - leaders all used visioning, coaching, stimulating (encourage new ideas) - US leaders more likely to correct employees’ behaviour than Far Eastern or Latin - Americans used team building more often than Asian s - Far Eastern less likely to include recognition as part of encouragement strategy than S. European Downside of Charismatic Leadership - charismatic leader may become a liability to an org, thus: may be unable to listen to others - 8 -
Image of page 8

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
P ART 4: S HARING THE O RGANIZATIONAL V ISION may become uncomfortable when challenged by aggressive employees may begin to hold unjustifiable belief in his “rightness” - silences criticism - potential to lead to corporate scandals - may be too ego-driven level 5 leaders = leaders who are fiercely ambitious & driven, but their ambition is directed toward their company rather than themselves 1. individual capability 4. ability to stimulate others to high performance 2. team skills 5. paradoxical blend of personal humility and professional will 3. managerial competence, - channel ego needs away from themselves & into goal of building great company - took responsibility for mistakes, gave credit for successes to others -
Image of page 9
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern