8/15 and 8/20 Why does a Firm exist?; Importance of Leadership Flashcards
firm
organization employing productive resources to obtain products/services in the market in order to make a profit
non-profit
typically provides services where cost and revenue result in no profit
leader-follower-situation model
as a leader you have to look at situations from the perspective of the..
leader- personality, position, expertise
follower- values, norms, cohesiveness
situation- task, stress, environment
teachers
rule breakers, value creators
ex. Aristotle, Gandhi
heroes
responsible for great causes and works
ex. Galileo, Shakespeare
rulers
dominate over others
ex. Julius Caesar, Washington
leadership is moving away from…
and moving toward…
autocratic hierarchical models
participatory model empowering others
___________, leadership traits hold little predictive significance. In multiple, they interact to generate a dynamic ……..
individually
advantageous to those seeking responsibilities of leadership
leadership is viewed as a ____ __________ as opposed to an individual trait
social phenomenon
evidence shows (1) and (2) are important elements of leadership. leaders may emerge in ____ ______.
(1) qualities of the individual
(2) environmental factors
social crises
integrity
tells the truth as they believe it to be
job knowledge
knowing what direction to take and how to solve problems
people-building skills
ability to assemble/develop good team;
performance planning/coaching;
effective delegation and ability to motivate
Andrew Dubrin’s 7 Satisfactions of Leaders
feeling of power and prestige
chance to help others
high income
respect and status
opportunities for advancement
position of knowledge
opportunity to control resources
Andrew Dubrin’s 7 Frustrations of Leaders
too much uncompensated work time
too many problems
not enough authority to carry out responsibility
loneliness
too many problems involving people
organizational politics
pursuit of conflicting goals
