Transformational Leadeship in Organizations in the 21st Century
"Transformational Leadership in Organizations in the 21st Century"
Prepared by: Tanya Wilson 9912771
MBA3 Saturday Group
A paper submitted for the Leadership and Strategy Implementation Course in partial fulfilment of the Master of Business Administration (MBA) Programme
University of Technology, Jamaica
July 17, 2010
Table of Contents
Page
Title Page 1
Table of Contents 2
Introduction 3
Management versus Leadership 3
Are Great Leaders Born or Made? 5
The Role of Transformational Leadership in Organizational Performance 6
Conclusion 7
References 8
Introduction
Globalization along with the increasing dynamics of business today, coupled with the impact of the global economic downturn, has forced organizations to adapt effective and sustainable strategies to remain competitive and achieve above average performance levels. Transformational leadership is one way that organizations aim to become successful in the industry in which they exist. According to the Oxford Dictionary of Business and Management (2009), transformational leadership is defined as: A style of leadership that involves generating a vision for the organization and inspiring followers to meet the challenges that it sets. Transformational leadership depends on the leader’s ability to appeal to the higher values and motives of followers and to inspire a feeling of loyalty and trust.
Simply stated, transformational leadership is creating a vision and inspiring others to buy into this vision resulting in followers’ extraordinary actions within an organization. In this article we will examine the differences between management and leadership, explore the question ‘are leaders born or made?’ and will also discuss the role that transformational leadership play in an organization’s quest for outstanding performance.
Prepared by: Tanya Wilson 9912771
MBA3 Saturday Group
A paper submitted for the Leadership and Strategy Implementation Course in partial fulfilment of the Master of Business Administration (MBA) Programme
University of Technology, Jamaica
July 17, 2010
Table of Contents
Page
Title Page 1
Table of Contents 2
Introduction 3
Management versus Leadership 3
Are Great Leaders Born or Made? 5
The Role of Transformational Leadership in Organizational Performance 6
Conclusion 7
References 8
Introduction
Globalization along with the increasing dynamics of business today, coupled with the impact of the global economic downturn, has forced organizations to adapt effective and sustainable strategies to remain competitive and achieve above average performance levels. Transformational leadership is one way that organizations aim to become successful in the industry in which they exist. According to the Oxford Dictionary of Business and Management (2009), transformational leadership is defined as: A style of leadership that involves generating a vision for the organization and inspiring followers to meet the challenges that it sets. Transformational leadership depends on the leader’s ability to appeal to the higher values and motives of followers and to inspire a feeling of loyalty and trust.
Simply stated, transformational leadership is creating a vision and inspiring others to buy into this vision resulting in followers’ extraordinary actions within an organization. In this article we will examine the differences between management and leadership, explore the question ‘are leaders born or made?’ and will also discuss the role that transformational leadership play in an organization’s quest for outstanding performance.
References: Bratton, J., Grint, K., & Nelson, D. L. (2005). Organizational Leadership (1st ed.). Mason, Ohio, USA: Thomas Learning. Hirsch, E., Kett J., & Trefil J. (2002). The New Dictionary of Cultural Literacy (3rd ed.) Howell, J. P., & Costley, D. L. (2006). Understanding Behaviors for Effective Leadership (2nd Edition ed., Vol Koestenbaum, P. (2002). Leadership (2nd ed.). San Francisco, CA, USA: John Wiley & Sons, Inc. Left Brain vs. Right Brain. www.funderstanding.com/content/right-brain-vs-left-brain. (2008, December 18) McCrimmon, M. (2010, May/June). http://www.iveybusinessjournal.com/article.asp?intArticle_ID=901. Retrieved July 15, 2010, from www.iveybusinessjournal.com: Oxford University (2009). Management, Dictionary of Business and Management (5th ed.). Reid, J. (2010, March/ April). www.iveybusinessjournal.com/article.asp?intArticle_ID=886. Retrieved July 15, 2010, from www.iveybusinessjournal.com: Rost, J