KMGT633 Business Leadership
According to Northouse (2013), modern business theory and practice embraces leadership as a complex process with multiple dimensions. Over the last few decades, a number of classification systems have attempted to pinpoint the main dimensions of leadership. Amongst these, emergent core concepts include
- Leadership is a process, and not a linear, one-way event.
- Leadership involves how leaders and followers might influence each other.
- Leadership occurs within the context of groups.
- Leadership includes attention to goals, and direction of others to achieve something collaboratively.
Answer:
QUESTION 1
Warren Edward Buffet is one of the famous transactional business leaders of USA. His positive traits differentiate him from that of other business leaders. His passionate nature, dedication towards his work, building team spirit, honest, transparency, self-knowledge, humble, magnetic and down to earth personality leaves a positive influence. He motivates his employees with trust and has the quality of forbearance. His leadership s
tyle is laissez -fair, democratic, self, –powered and servant leader. His leadership style gives liberty to his employees to carry out their work without much interference and guidance of the respective leaders (CNBC, 2018).
Mahatma Gandhi also known as Father of nation of India was a transformational leader who played a significant role in the freedom of India. His non-violence, equality, truth, justice, and honesty. His extreme quality of patience and forbearance make him an ideal leader for Indians. He was daring, caring, and calm and composed. He successfully protested against Britishers and forced them to leave India in the year 1947. He inspired his fellow citizens positively and motivates them to fight for their rights (Personalitydevelopmenttip, 2016).
Leadership styles of leaders vary it may be transactional or transformational as per the choice of leader (Antonakis and House, 2014). The above qualities of both the leaders make them a good and an ideal leader.
QUESTION 2
The approach of two leaders differs from each other. Gandhi’s leadership style was situational and was dependent on the circumstances. He was aware of the fact that the country people cannot fight from the Britishers with force. He encourages unity and equality among the citizens. He influences his followers positively towards the achievement of common goal of the freedom of India (Fatherofthenation, 2018). Whereas as a businessperson Warren Buffet adopted laissez faire style, in which employees can carry out their work and make decisions on their own without any interference of their leaders. He gives full liberty to his employees to follow any kind of technique towards the achievement of organizational goal. He has not introduced any kind of strict rules to be followed at workplace (TheWashingtonPost, 2015).
The impact of Gandhi on their followers was positive irrespective of caste; creed, sex, and religion Indian citizens supported Gandhi and follow his policy of non-violence and non-cooperation. He was able to attract large number of citizens. Warren Buffet’s impact was also favorable towards his employees as a positive motivator, philanthropist, humble person and democratic leader his employees appreciate his forward thinking a lot (Northouse, 2013).
QUESTION 3
Yes Of course, the differences in the approach of a business and a non- business leader are due to the environment in which they live. As it can be easily seen, that Gandhi was living in an environment, which was under the control of Britishers and Warren Buffet lives in a democratic environment so both the leaders adopted policy as per the requirement of their surroundings.
QUESTION 4
The knowledge of leadership theory as a business leader can be easily applied in daily life. Situational leadership approach can be of great help in business. As we know a business leader faces several ups and down in life. He must react and adjust according to prevailing situation and make contingencies plan in order to avoid adversity.
References
Antonakis, J., and House, R.J. (2014) Instrumental leadership: measurement and extension of transformational-transactional leadership theory. Leadership quarterly, 25(4), pp. 746-771.
Cnbc. (2018) Why Warren Buffet is such an influential leader. [Online] Available from: https://www.cnbc.com/2018/02/23/why-warren-buffett-is-such-an-influential-leader-according-to-data.html [Accessed 19/07/2018]
Fatherofthenation. (2018) Leadership style: Transformational Leader. [Online] Available from: https://fatherofthenation.weebly.com/leadership-style.html [Accessed 19/07/2018]
Northouse, P.G. (2013) Leadership theory and practice. 6th ed. Thousand Oaks, CA: SAGE Publications.
Personalitydevelopmenttip. (2016) Leadership qualities of Mahatma Gandhi. [Online] Available from: https://www.personalitydevelopmenttip.com/Leadership-Qualities-Of-Mahatma-Gandhi [Accessed 19/07/2018]
TheWashingtonPost. (2015) The leadership wisdom of Warren Buffet. [Online] Available from: https://www.washingtonpost.com/news/on-leadership/wp/2015/03/02/the-leadership-wisdom-in-warren-buffetts-letter/?utm_term=.cd3e0afb29fb [Accessed 19/07/2018]
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