Summary
Summary Varsity College BCOM Year 1 Business Management 1A LU 9
Varsity College BCOM Year 1 Business Management 1A LU 9
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Seller
Follow
Content preview
BMNG – Business LU 9LU 9 – Leading
9.1 Introduction
Orgs employ people to activate the financial, physical and informational resources of the
organisation. Managers perform the function of leading by influencing, guiding and
directing the orgs employees towards achieving the goals of the org.
9.2 The importance of leading
Leadership involves influence and the influence one person exerts over
another person/s.
Other aspects of leadership: intentional with the purpose of achieving specific outcomes,
and that employees should be willing to follow a leader.
Leader is the interdependent relationship between a leader and their followers.
In the leading function, managers take the lead to bridge the gap between formulating
plans and reaching goals. They transform plans into reality by influencing individuals,
groups and teams in the org through communication and a friendly environment.
9.2.1 Leadership and Management
Leadership and management are different:
- Management is broader in scope, comprising 4 management functions incld
leadership
- There are leaders in orgs that are not managers.
The informal leader of the group, may have more influence in the group than the
manager bc of their ability to influence group managers.
Influence = process leaders follow when communicating ideas, gaining acceptance of
them, and inspiring followers to support and implement the ideas through change.
- Influencing is also about the relationship between leaders and followers.
- Managers may coerce employees to influence their behaviour but leaders don’t.
Manage Leader
rs who s who
are not are not
leaders manage
rs
Leadership is not the only component of org success.
1
, BMNG – Business LU 9
9.2.2 Leadership function
Authority relationships relate strongly to the leading function of managers bc the leading
function gives managers the right to use authority, power, responsibility, delegation and
accountability to influence employees to achieve the orgs goals.
Components of leadership:
- Authority - Responsibility - Accountability
- Power - Delegation
AUTHORITY
Authority and leadership are closely related – org grants authority to managers to lead
individuals and groups in achieving the orgs goals.
Without authority, managers are unable to manage, initiate or sustain the management
process.
Authority revolves around obtaining the right to perform certain actions to decide who
does what, to demand the completion of tasks and to discipline those who fail to do what
the org expects of them.
Final authority – rests with the owners or shareholders of the org, who transfer or
delegate authority to the board.
POWER
Without power, a manger might not be able to influence and lead
employees towards achieving org goals.
Managers have 2 types of powers:
- Position power (Top management delegates position power down the chain of
command )
- Personal power (Managers have personal power when their followers bestow it on
them)
Coercive power = power to enforce compliance through fear, whether
psychological, emotional or physical.
Reward power = based on manager’s ability to influence employees with
something of value to them. It concerns the power to give or withhold rewards..
Legitimate power = power an org grants to a position.
Referent power = refers to a managers personal power or charisma. Employees
obey managers with referent power simply because they like them, respect them and
identify with them.
Expert power = power a manager accrues because of his or her expertise,
knowledge and professional ability, particularly over those who need the knowledge or
information.
2
The benefits of buying summaries with Stuvia:
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
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jennamortonx. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R100,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now