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Business Jargons

A Business Encyclopedia

Leadership

Definition:”The ability to create a vision and influence, motivate, inspire and transform others to achieve certain goals towards that vision is known as leadership.”

Leadership is the specific set of skills and attributes which can be acquired through learning.

Who is a Leader?

A Leader is a person who guides others and motivates them to achieve specific goals to accomplish his vision.

Difference between Managers and Leaders

Basis for ComparisonManagerLeader
Position and StatusManagers are appointed personnel at official positions.Any person can be a leader no matter what his position and status is.
Way of thinkingControlled mindsetOut of the box thinking
FocusGoal-orientedPeople-oriented
AimAchieving targetsAccomplishing their vision
ObjectiveGetting the work doneBringing some change
ToolsPower and controlTrust and honesty
OriginalityReplica of one another, all doing the same thingOriginal and individual personality
AttitudeAccept the existing situation and works accordinglyChallenge the existing situation and work to change the same
PerspectiveShort termLong term

Qualities of a Good Leader

Qualities of a good leader

  • Proactive
  • Ability to Inspire
  • Clear Vision
  • Good Communication Skills
  • Confident
  • Self Driven
  • Decision Maker
  • Responsible
  • Learner
  • Patient Listener
  • Commitment
  • Never Give Up Attitude
  • Trustworthy

Leadership Process

Leadership process

  1. Evaluate and assess the organisation’s position
  2. Take initiative
  3. Create a vision
  4. Set objectives to accomplish the vision
  5. Formulate strategies to achieve objectives
  6. Develop a change process or tactics
  7. Explain the need for change to the employees
  8. Motivate and inspire the employees to bring the desired change
  9. Implement the strategies
  10. Analyze the results

Leadership Styles

Leadership styles

  1. Supportive Leadership: Leaders are more attentive towards the welfare and individual needs of the subordinates.
  2. Directive Leadership: Leaders establish the standards of performance for the subordinates and expect them to adhere to the rules and regulations. They provide complete guidance to the subordinates.
  3. Achievement-oriented Leadership: Leaders usually set challenging goals for the subordinates, expecting their constant improvement in performance. They have confidence that the subordinates will perform excellently.
  4. Participative or Democratic Leadership: Leaders invite opinions and suggestions from the subordinates while making decisions.
  5. Autocratic or Authoritative Leadership: Leaders have the complete hold over the subordinates and do not entertain opinions, suggestions, questions and complains. They take all the decisions solely without the participation of subordinates.
  6. Strategic Leadership: Strategic leaders frame a set of strategies towards their vision and motivate subordinates to accomplish that vision.
  7. Charismatic Leadership: Charismatic Leader has an extraordinary and powerful personality and acts as a role model for his followers who follow him blindly.
  8. Laissez-faire or Delegative Leadership: Leaders are lenient and assign authority and responsibility to the subordinates. The subordinates are free to work as they like to and take their own decisions with the minimal interference of the management. Laissez-faire is one of the least effective styles of leadership.
  9. Transformational Leadership: Transformational Leaders initiates a revolutionary change in the behaviour, perception and attitude of the subordinates. They motivate and inspire the subordinates to develop their own skills to perform better and ultimately accomplish the vision of the organisation.
  10. Transactional Leadership: Transactional Leaders believe in motivating subordinates through rewards and incentives and discouraging them through punishments.
  11. Coaching Leadership: A Coaching Leader is well experienced in his role and is focussed on the long-term growth of his subordinates.
  12. Cross-cultural Leadership: In today’s global scenario, Cross-cultural Leaders keep themselves updated and aware of the different cultures around the world, and uses this knowledge to lead culturally diverse teams.
  13. Visionary Leadership: A Visionary Leader communicates his vision for the organisation to his followers and intellectually influences them to become self-driven towards the shared vision.
  14. Bureaucratic Leadership: Bureaucratic leaders use their position to exercise power and strict control over the subordinates. The subordinates have to be in complete discipline and are promoted on the basis of their capability to comply with the rules and regulations of the organisation.

Theories of Leadership

  • Great Man Theory
  • Trait Theory
  • Behavioural Theory
  • Contingency Theory
  • Charismatic Leadership Theory
  • Transactional Leadership Theory
  • Transformational Leadership Theory

Leadership is all about the zealous action of a person taking an initiative to bring a change, solve a problem and accomplish the certain goals.

Related terms:

  1. Robert House’s Path-Goal Model
  2. Leadership Styles
  3. Autocratic Leadership
  4. Participative Leadership
  5. Theories of Leadership

Reader Interactions

Comments

  1. MillionsBusiness says

    March 14, 2022 at 1:59 pm

    Thank you for Qualities of a Good Leader

    Reply
  2. Ezekiel Tsok says

    January 23, 2023 at 6:55 am

    Doing very good work, it’s educating.

    Reply

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