Ch 9.1 Flashcards
What is the biggest human capital challenge for Canadian businesses today?
Leadership is the biggest challenge, and most leaders say their roles are harder than they were five years ago.
How much do North American businesses spend on leadership development?
Billions of dollars each year to make leaders more effective.
What is leadership?
Leadership is when individuals influence others to achieve organizational goals.
What makes leadership effective?
Effective leadership increases productivity, innovation, satisfaction, and commitment.
What is strategic leadership?
A leader’s ability to plan, adapt, and guide an organization toward a successful future.
How do strategic leaders help organizations?
They create a competitive advantage by adapting to change and finding growth opportunities.
What is formal leadership?
Formal leadership comes from assigned roles like managers and executives who have authority to influence employees.
Does having a leadership title guarantee leadership?
No, some managers fail to influence others and are seen as ineffective leaders.
What is emergent leadership?
When someone without a formal title is seen as a leader by their team.
What is shared leadership?
When multiple team members take on leadership roles, improving performance and creativity.
How do informal leaders influence others?
By being well-liked or highly skilled, since they lack formal authority.
