Contents

• Introduction 2
• Leadership in Management 3
• Leadership Theories 4
• Trait Theory of Leadership 5
• Behavioral Theory 6
• Adaptive Strcturation Theory 7
• Real Life Business Leaders 8
• Lee Iacocca 8
• Jamie Dimon 9
• Conclusion 11
• References 12

Description

Leadership is one of the most important factors influencing the functionality and success of an organization. Leadership is a complex term and has multidimensional definitions to it. One of the definitions of leadership is that it is the art of motivating a group of people towards achieving a common objective. A leader inspires and directs his fellow men and women to achieve the objective. A leader possesses the desired personality and skills in order to make others to follow him.
A leader not only guides and motivates others towards achieving common goals of the organization but also keeps the organization cohesive. A good leader always tries to instill in his fellow workers, work ethics, values and helps them to have a clear vision of their goal. A leader also helps others to enhance their skills and knowledge. A leader has leadership qualities inherent in him and a leader does not arise just by having a position like manager or supervisor. The positions give a person authority but not leadership. Leadership is inherent to an individual’s personality and can be honed by consciously working at it and attending to leadership workshops etc. Leadership is not about giving orders and also not about making others follow just by the strength of their position in an organization. But leadership is about making others voluntarily follow the leader by enlightening them as to why the common goal has to be achieved and in what way the achievement enriches their lives and career. According to Locke et.. al., (1991) leadership involves traits like situational interaction, function, vision, power, charisma, behavior, values and intelligence (Kouzes, and Posner. 2007).