Business Organistions Essay Example | Topics and Well Written Essays - 1500 words

Business Organistions - Essay Example At the end of the day, the savings that comes from establishing good leadership skills could result to increasing revenue generation on the part of the company. In general, there is simply no ground or rules behind choosing the best leadership style. To become an effective leader, a manager should be able to search for the type of leadership approach that works best for them. Often times, choosing the best leadership style depends on the manager’s personality, working environment and the members of the team. To avoid wasting time, money, and effort associated with the need to go through the consequences of mismanagement, this study will discuss and elaborate the different leadership techniques used in today’s business organization. In the process of discussing each type of leadership approach, situational examples will be provided to give the readers a better understanding of each leadership techniques that will be discussed in the study. Transformational leadership style is unique in the sense that this approach has four components known as: (1) charisma or idealized influence; (2) inspirational motivation; (3) intellectual stimulation; (4) and individual consideration. (Bass, 1998; Bass et al., 1996; Bass, 1985) Personal charisma is a significant characteristic of a good leader since it is a form of referrent power which could enable a manager to effectively attract his/her subordinates to seriously cooperate with the leader in order to make the organizational goal attainable. (Palmer et al., 2001; Posakoff & Schriesheim, 1985) Considering that transformational leaders are intellectually inclined, this type of leaders tend to go beyond what is happening around his environment since they have the ability to implement new ideas whenever necessary (Johannsen, 2004) aside from being flexible with organizational changes that may