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Leaders

  1. leaders.ppt (bus1301)
  2. leaders.ppt (bus1301) Great Leaders Live with integrity, lead by example develop a winning strategy or “big idea” build a great management team inspire employees to greatness create a flexible, responsive organization use reinforcing management systems
  3. leaders.ppt (bus1301) Great Leaders passionate about what they do love to talk about it high energy clarity of thinking communicate to diverse audience work through people (empowering)
  4. leaders.ppt (bus1301) LEADERSHIP The Trust Factor in LeadershipThe Trust Factor in Leadership Question: How does a trust-oriented leader differ from a Machiavellian-oriented leader? Question: Which is more important, ourWhich is more important, our actions or our words?actions or our words? Question: How concerned should we be about others? Recommendation:Recommendation: BeingBeing trustworthy is good!!!trustworthy is good!!!
  5. leaders.ppt (bus1301) LEADERSHIP The Trust Factor in LeadershipThe Trust Factor in Leadership Question:Question: What is the role of competenceWhat is the role of competence for a leader?for a leader? Question:Question: What is the role of openWhat is the role of open communication for a leader?communication for a leader? Question:Question: How does formalization in anHow does formalization in an organization undermine trust?organization undermine trust? Recommendation:Recommendation: Learning toLearning to trust others is also good!!!trust others is also good!!!
  6. leaders.ppt (bus1301) Management keeps an organization running Leadership involves getting things started Leadership involves facilitating change
  7. leaders.ppt (bus1301) Future Leaders….Future Leaders…. –Develop/communicate what company is trying toDevelop/communicate what company is trying to accomplishaccomplish –Create environment where employees can figureCreate environment where employees can figure out what needs to be doneout what needs to be done ANDAND then do it well.then do it well. 95% of American95% of American managers say themanagers say the right thing.right thing. 5% of American5% of American managersmanagers dodo thethe right thing.right thing. When companiesWhen companies derive theirderive their advantage fromadvantage from intellectualintellectual capital, oldcapital, old managementmanagement styles (carrots andstyles (carrots and sticks) are notsticks) are not sufficient.sufficient.
  8. leaders.ppt (bus1301) CORE VALUESCORE VALUES Fairness Commitment Freedom Water Line
  9. leaders.ppt (bus1301) Leaders vs. ManagersLeaders vs. Managers LEADERS: innovateinnovate focus on peoplefocus on people inspire trustinspire trust have a long-range viewhave a long-range view ask what and whyask what and why have eyes on horizonhave eyes on horizon originateoriginate challenge status quochallenge status quo do the right thingdo the right thing MANAGERS:MANAGERS: administrateadministrate focus on systemsfocus on systems and structuresand structures rely on controlrely on control have a short-rangehave a short-range viewview ask how and whenask how and when have eyes on bottomhave eyes on bottom lineline initiateinitiate accept status quoaccept status quo do things rightdo things right
  10. leaders.ppt (bus1301) LEADERSHIPLEADERSHIP- Marks of a Great Leader- Marks of a Great Leader QUESTION:QUESTION: WHY ARE THE FOLLOWINGWHY ARE THE FOLLOWING TRAITS CONSIDERED CHARACTERISTICSTRAITS CONSIDERED CHARACTERISTICS OF GREAT LEADERS?OF GREAT LEADERS? servicing and sacrificing initiating and risk taking needing no credit empowering others clarifying values
  11. leaders.ppt (bus1301) There Are Only Five Ways to LeadThere Are Only Five Ways to Lead (Article by Farkas and De Becker)(Article by Farkas and De Becker) Strategic ApproachStrategic Approach Human Assets ApproachHuman Assets Approach Expertise ApproachExpertise Approach Box ApproachBox Approach Change ApproachChange Approach
  12. leaders.ppt (bus1301) LEADERSHIPLEADERSHIP Resistance to EmpowermentResistance to Empowerment (Article by Williams)(Article by Williams) QUESTION:QUESTION: Why do managers resist change? QUESTION:QUESTION: Why do managers resist suggestions? QUESTION:QUESTION: Why are managers afraid to empower their subordinates? Recommendation: Don’t leave this class thinking that you have cornered the market for good ideas Recommendation: Learn to recognize your strengths and weaknesses and those of others Recommendation: Learn that teams always do better than individuals, if there is a trust relationship among the team members
  13. leaders.ppt (bus1301) LEADERSHIPLEADERSHIP -- EmpowermentEmpowerment Empowerment Strategies AvoidAvoid competition for power, status, recognitioncompetition for power, status, recognition DelegateDelegate CreateCreate andand communicatecommunicate a visiona vision InsistInsist that others diligently work to achievethat others diligently work to achieve meaningful goalsmeaningful goals HelpHelp others believe in their own worth andothers believe in their own worth and potentialpotential CreateCreate a culture in which fear and intimidationa culture in which fear and intimidation are replaced by trustare replaced by trust DemonstrateDemonstrate a willingness to be supportive ofa willingness to be supportive of othersothers
  14. leaders.ppt (bus1301) EMPOWERMENT Places responsibility forPlaces responsibility for spotting/solving problems onspotting/solving problems on employees.employees. Requires leaders to ask forRequires leaders to ask for suggestionssuggestions ANDAND lets employeeslets employees make decisions.make decisions. Is easiest to implement in smaller,Is easiest to implement in smaller, less bureaucratic organizations.less bureaucratic organizations.
  15. leaders.ppt (bus1301) LEADERSHIP Develop Ownership There are always at least two owners ofThere are always at least two owners of responsibility.responsibility. Empowerers ask questions, organize dataEmpowerers ask questions, organize data to confront people with reality, bringto confront people with reality, bring customers and performers together.customers and performers together. Empowerers insist on tough standards.Empowerers insist on tough standards. Empowerers support and coach.Empowerers support and coach. Conversations are the grist for theConversations are the grist for the leader’s mill.leader’s mill.
  16. leaders.ppt (bus1301) LEADERSHIP Develop Ownership continued…continued… You can lead a horse to water, but youYou can lead a horse to water, but you can’t make him drink.can’t make him drink. If you want the horse to drink, make sureIf you want the horse to drink, make sure the horse is thirsty.the horse is thirsty. Head buffalo lock the barn door after theHead buffalo lock the barn door after the horse is stolen.horse is stolen. Lead geese make certain nothing is everLead geese make certain nothing is ever stolen.stolen.
  17. leaders.ppt (bus1301) LEADERSHIPLEADERSHIP -- EmpowermentEmpowerment Continued…. Recommendation: Learn to encourage and make full use of your talents and the talents of others.
  18. leaders.ppt (bus1301) LEADERSHIP -LEADERSHIP - The Magic of VisionThe Magic of Vision Vision sees what must be tomorrow, beyond what is today Customers help you see the vision Vision inspires Vision is clarity Vision is a worthy commitment Vision generates supportive actions
  19. leaders.ppt (bus1301) LEADERSHIPLEADERSHIP -- How Vision WorksHow Vision Works The right vision attracts commitment and energizes people. The right vision creates meaning in workers’ lives. The right vision establishes a standard of excellence. The right vision bridges the present and the future.
  20. leaders.ppt (bus1301) LEADERSHIPLEADERSHIP How You Know You Need a VisionHow You Know You Need a Vision Is there evidence of confusion about purpose?Is there evidence of confusion about purpose? Do employees complain about insufficientDo employees complain about insufficient challenge?challenge? Do employees say they are not having fun anyDo employees say they are not having fun any more?more? Is the organization losing market share orIs the organization losing market share or reputation for innovation?reputation for innovation? Are there signs of declines of pride in yourAre there signs of declines of pride in your organization?organization? Is there excessive risk avoidance?Is there excessive risk avoidance? Is there an absence of sharing?Is there an absence of sharing? Is there a strong rumor mill?Is there a strong rumor mill?
  21. leaders.ppt (bus1301) LEADERSHIP Customer FocusCustomer Focus What do customers really buy? Leaders focus on customers - and so does everyone else. Leaders focus on partnering, not selling. Leaders begin with the customer’s needs and wants. Solving problems spurs partnerships.
  22. leaders.ppt (bus1301) LEADERSHIP Great PerformanceGreat Performance Is this the best you can do? Remember, its leadership, not status quo-ship. Thinking incrementally moves you forward from today. Thinking strategically leads backward from the future. How many bugs is one too many? Begin with the end in mind.
  23. leaders.ppt (bus1301) LEADERSHIP Create Value-Added StrategiesCreate Value-Added Strategies Stay close to the customer. The tough strategic question: “What do I do?” Value is solving the customers’ problems. Value is doing better than anyone else. Value-added strategies solve the problems that drive purchasing decisions. Leaders learn how to focus themselves and everyone else on solving the customers’ problems.
  24. leaders.ppt (bus1301) Some Managers are More Than Bosses - They’re Leaders, Too (Horowitz) There is no one leader personality – they do inspire others to take risks – they do inspire others to do more than they thought possible – they set steep goals – they instill in others that both failure and success are allowed
  25. leaders.ppt (bus1301) Look for the personal touch Screen your questioners Scan some Web sites Hang out and schmooze Probe past responses to personal emergencies
  26. leaders.ppt (bus1301) LEADERSHIP:LEADERSHIP: RemoveRemove ObstaclesObstacles Systems send powerful messages. Performance management systems Reward systems Information systems Structures send powerful messages. Decentralize decision making to the point of customer contact Cross-functional teams Simplified processes and procedures Focus on one customer, one product, one product/market combination
  27. leaders.ppt (bus1301) SEVEN SECRETS TO BUILDING: EMPLOYEE LOYALTY Set high expectations Communicate constantly Empower, Empower, Empower Invest in their financial security Recognize people as often as possible Counsel people on their career Educate them
  28. leaders.ppt (bus1301) LEADERSHIPLEADERSHIP- Marks of a Great Leader- Marks of a Great Leader Recommendation: You may never become a leaderYou may never become a leader like the President of the Unitedlike the President of the United States or the CEO of a FortuneStates or the CEO of a Fortune 500 firm, but these are all good500 firm, but these are all good qualities to have and to practice.qualities to have and to practice.
  29. leaders.ppt (bus1301) A leader is only as effective as the team Outperform peers Make excellence a habit Be willing to try new approaches Focus on what you need to do
  30. leaders.ppt (bus1301) Chapter #10 - Understanding Employee Motivation and Leadership Theories ofTheories of employee motivationemployee motivation – Theory X, YTheory X, Y – Two-factor TheoryTwo-factor Theory – EquityEquity – MaslowMaslow – Expectancy TheoryExpectancy Theory – Goal Setting TheoryGoal Setting Theory Reinforcement Participative management / Empowerment Job enrichment / Job design Leadership
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