100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary Organisation & Management Week 6 (Chapters 10 and 11) $4.26
Add to cart

Summary

Summary Organisation & Management Week 6 (Chapters 10 and 11)

 68 views  0 purchase
  • Course
  • Institution
  • Book

Comprehensive summary of chapters 10 and 11 of "Essentials of Contemporary Management" by Jones and George and of the corresponding articles that need to be studied for the exam. In English.

Preview 1 out of 19  pages

  • No
  • Chapters 10 and 11
  • March 25, 2017
  • 19
  • 2016/2017
  • Summary
avatar-seller
Chapter 10 – Leaders and Leadership

The Nature of Leadership

Leadership: The process by which an individual exerts influence over other people and inspires, motivates, and
directs their activities to help achieve group or organizational goals.

Leader: An individual who is able to exert influence over other people to help achieve group or organizational
goals. Besides the attainment of goals, leaders also need to create a competitive advantage, ethical behaviour,
and manage a diverse workforce fairly.

Personal leadership style and managerial tasks

The specific ways in which a manager chooses to influence other people, how he approaches planning,
organizing and controlling.

There is a difference between leaders and managers, managers are the organizational members who establish
and implement procedures and processes to ensure smooth functioning and goal accomplishment.

Servant Leader: a leader who has a strong desire to serve and work for the benefit of others.

Leadership Styles across Cultures

Leadership styles vary among individuals and countries or cultures. Such as time horizons, individualism, or
cultures. A key component in leadership is power.

Power: The Key to Leadership

Legitimate power: the authority that a manager has by virtue of his position in an organization’s hierarchy. For
example, the power to hire new people, assign projects to subordinates, or monitor the work of subordinates.

Reward power: the ability of a manager to give or withhold tangible and intangible rewards such as pay raises,
bonuses, verbal praise, or respect. Managers often use their reward power to motivate their subordinates.

Coercive power: the ability of a manager to punish others. This is the contrary of reward power. (Relying too
much on punishment is ineffective and ethically questionable)

Expert power: power based on special knowledge, skills and expertise that a leader possesses. The nature of
expert power varies, depending on the leader’s level in hierarchy. First and middle managers have technical
expertise relevant the tasks their subordinates perform. This power gives them considerable influence over
their subordinates.

Referent power: a function of the personal characteristics of a leader; it is the power that comes from
subordinates’ and co-workers’ respect, admiration, and loyalty to the manager.ac

Empowerment: An Ingredient in Modern Management

Empowerment: The expansion of employees’ knowledge, tasks, and decision-making responsibilities. (i.e. be
responsible for their outcomes, improve quality, and cut costs)

When leaders empower their subordinates, the subordinates typically take over some responsibilities and
authority of the leader.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller jessicaloureiro. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $4.26. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

55628 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$4.26
  • (0)
Add to cart
Added