Transformational leadership is about implementing new ideas. These leaders continually change stay flexible and adaptable‚ and continually improve those around them. According to Tracey and Hinkin (1998)‚ transformational leadership is a process that motivates people by appealing to higher ideals and moral values‚ defining and articulating a vision of the future‚ and forming a base of credibility. Tracey and Hinkin (1998) observed that characteristics of transformational leadership follow clear themes
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Chapter 1 THE PROBLEM AND ITS BACKGROUND Introduction “Leadership is unlocking people’s potential to become better” (Bill Bradley). Leaders only influence and inspire‚ not manipulate because manipulation leads to discouragement and abuse to those who are under him. An institution will not run effectively without observing proper leadership styles especially when it comes to financial matters. Almost all organizations have their Chief Finance Officer (CFO). A CFO is an officer who is
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Leadership Styles An effective leader not only takes into account how well the company is operating and producing its products or services‚ but is also concerned with ethics and doing the right thing by its employees and those affiliated with the company. Combined studies show that leaders who can focus highly in both of these areas deliver the best performance (South University Online‚ 2010‚ para. 3). However‚ there is no one leadership style that successful leaders use to become an effective
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Classify each cost listed below as either a product cost or a period cost for purposes of preparing the financial statements for the bank. 1. The cost of the memory chips used in radar set. * Product Cost 2. Factory Heating Cost * Period Cost 3. Factory Equipment maintenance costs. * Period Cost 4. Training costs for new administrative employees * Period Costs 5. The cost of the solder that is used in assembling the radar sets. * Product costs 6. The Travel
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Transactional leadership styles are more concerned with maintaining the normal flow of operations. Transactional leadership can be described as "keeping the ship afloat." Transactional leaders use disciplinary power and an array of incentives to motivate employees to perform at their best. A transactional leader generally does not look ahead in strategically guiding an organization to a position of market leadership; instead‚ these managers are solely concerned with making sure everything flows smoothly
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Understanding leadership Learner name: Learner registration number: Note: The ‘lines/box’ below a question is for guidance purposes only. Marks are not deducted for writing more. It is perfectly acceptable for all answers to be continued on additional forms provided they are attached to the assignment when making a submission. The availability of the form electronically allows learners to expand the ‘lines/box’ as required. | UNDERSTAND LEADERSHIP STYLES 1.1 Describe the factors that
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cofounder and former CEO of one of the most successful company of the World‚ Apple Inc. He is chosen to be the analysis object because he is regarded by many as the most successful leader (Isaacson‚ 2012)‚ The main purpose of this paper is business leadership. Mainly through to introduce Ren Zhengfei‚ who is the leader of Huawei Technologies Co. Ltd. There are several reasons following why choose to introduce him. Firstly: Ren Zhengfei was founded Huawei Technologies Co. Ltd in 1987‚ he had start-up
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1. Leadership is more concerned with people than is management. Do you agree? I firmly believe that leadership demonstrates more concerns about people than management does. Firstly‚ according to the definition of leadership and management‚ stated by Daft (2011)‚ leadership is concerned as mutual relationship between superiors and subordinates who desire substantive changes that reflect the purposes leaders and followers acquire. On the other hand‚ management is perceived as effective and efficient
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Management and Leadership Management: As defined by Peter Drucker “Management is tasks‚ management is discipline‚ but management is also people. Every achievement of management is the achievement of a manager. Every failure is a failure of a manager.” As per the meaning ‘management is tasks’ explain that management is responsible for planning‚ coordinating and carrying out many tasks. ‘Management is discipline’ can be explained as set of practices used to maximize the efficiency of the people
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Understanding Leadership * Understanding leadership styles There are many different leadership styles and different styles work in different situations. In order to have a stronger team‚ it is essential to adapt to each situation and individual by using a variety of leadership styles. Different factors will influence the choice of leadership styles‚ including the context (volunteering‚ private organisation or public sector)‚ the people involved and the level of responsibility‚ the goal to
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