Leadership Trait Study Essay

Leadership Trait Study EssayLeadership is the ability of an individual to influence a group toward the achievement of a sight (Robbins Judge, 2009). Leaders play a very weighty role in every organization. Every organization requires strong loss attractorship and strong man climb onment for elegant goodness in the organization. Leadership is a quality that comes within us and besides that we see from others and regard. Leaders have mortalal qualities and characteristics that several(predicate)iate them from non leaders. Most the leaders have superb risk taking abilities that argon very different from a non leader. If they weigh in some project they work towards it no depend the difficulties faced they try to overcome it to achieve that pot .hard work pays for itself in that locationfore I believe anything is possible with hard work.Here in this report I have made a leadership trait study of two individuals from two different organizations. These two leaders are from th e selling industry. They are menti unmatchedd at a lower placesurface-to-air missile Walton founder of Wal-MartWal-Mart is an American general corporation that has a chain of discount departmental stores and it alike has number of warehouse stores. Wal-Mart according to Forbes global 2010 was rated has the worlds largest public corporation by its revenue. Wal-Mart has been publicly traded on NYSE since 1972. Wal-Mart is the largest private employer and is the epicgest grocery retailer in United States of America. It has 8600 stores in fifteen countries and it is under 55 different names. Wal-Mart stores are there in fifty states and they are operated under its deliver name. The company brings revenue of billions of dollars a year.Kishore biyani MD and CEO of future groupPantaloons, cock-a-hoop bazaar, food bazaar are all part of future group. Some of the regional brands of the company include depot, shoe factory, brand factory, blue sky. Head quartered in Mumbai has almost t housand stores in close to seventy one states in the country. It is also the country largest retailer by its revenue. It employees almost thirty thousand plurality in the country.Here in this report I am going to do an in depth study on the different kinds of leadership sort and theories that are related to this two leaders. These two leaders have played a major role in starting their companies and making them the way there company is right now.EXECUTIVE SUMMARYHere the focus of study is based on the different kinds of leadership theories associated with the leaders who have contri howevered a plug to their companies. In this report the qualities of leaders ordain be examine and the effect of these qualities on their companies entrust also be studied. In this report I will be also discussing how their leadership styles have affected the independent variables such as productivity and turnover of their organizations. I will also be conclusion out what changes have to be taken in their leadership style considering the future of the companies.OBJECTIVETo understand the thought of leadership possibility related to these leaders.To come out which type of leaders they are and to find their leadership characteristics and style.How their leadership styles have contributed to the success of their company.METHODOLOGYThere are two ways of hoard data. They are the primary data and the secondary data.Here I have made my report using secondary data which consist of official websites of companies, literary works books, and e-books to collect data to understand the leadership theories. I have taken data regarding the conceptual part from the literature books. I have also studied about their leadership qualities through the organization official websites. I have also read two books regarding these leaders through which I have lay in data as well. Data regarding these leaders are taken from published books wherefore the details in the report are best to my knowledg e.LITERATURE limited re countQualities of a skilful leader are shown below DEDICATIONHUMILITYINTEGRITYOPENNESSCREATIVEGOOD LEADERINTUITIONFAIRNESSassertivenessIntegrity A leader who has integrity is one who is same on the outdoors as well as in the inside .Such a person can be trusted because he or she wont deviate from his or her inner values. Trust of the pursuit has to be won from the followers and therefore a leader should display integrity. Perfect dealings, well controlled emotions and absence of sudden outburst are all a part of integrity. If a leader has good integrity he can be approached by his followers to a greater extent easily.Dedication It means giving whatever energy or time that is inevitable to complete the task at hand. He should do whatever it takes so as to keep moving forward so as to reach that goal. A leader has to be an example to their followers. Dedication from every employee plays a vital role in very organizations success.Humility A leader who has humility believes that they are no better or worse than other members in their team. A good leader is one who does not involve in self-effacing but eer tries to elevate everyone in the team. Mahatma Gandhi is an polished example of these.Creative It is ability of the leader to hazard differently. A good leader should constantly think outside the box. Creativity helps leaders to see thing which others have not seen and hence leads their followers in a new way. A good leader should always think what if?Openness It is the ability of a leader to listen to new ideas even if it is very different from the normal way of thinking. If they believe in a certain idea suggested by others then they should go with it even if it is out of the ordinary. Openness helps in creating trust and mutual respect between leaders and their followers. And it also helps in providing the organization with new ideas.Assertiveness A good leader should be assertive in nature so as to obtain coveted results. It is the ability of a leader to all the way state what he expects such that there are no misunderstandings. Along with this the leaders should exactly know what his followers are expecting from him. Based on a study in 2007 February issue of journal of personality and social psychology, that was published by American psychological joining it was found out that assertiveness was the most common weakness among most of the leaders.Fairness It is the ability of a leader to deal with others justly and consistently. A leader should check the facts and then here to everyone before taking the judgment. Based on incomplete evidence a leader should never take a decision. When passel feel the leader is treating them fairly only then the employees become loyal and dedicated in what they are doing. He should understand every ones point of view and analysis and take a proper decision.Intuition A good leader should possess instinctive knowledge so as to garner excellent decisions. Few people ar e gifted naturally with this and others have learned it or have developed it through experiences. One thing is for certain(p) for effective leadership intuition plays a very important role. Most of the times good leader rely on intuition so as scram excellent decision. Its not what you make others do its about who you are, how much you know and how you do it. Effective leadership is all about finding skills and talent from many another(prenominal) people and forming a cohesive unit. Intuition plays a very important role in every leader in these ways.QUOTES BY SAM WALTON corking leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, its amazing what they can accomplishThe key to success is to come up out into the store and listen to what the associates have to say. Its terribly important for everyone to get involved. Our best ideas come from clerks and stock-boysIndividuals dont win, teams doMoney and ownership alone arent enough. Set lofty goals, encourage competition, and then keep score.Appreciate everything your associates do for the business. If people believe in themselves, its amazing what they can accomplishCommit to your business. Believe in it more than anybody elseI probably have traveled and walked into more variety stores than anybody in America. I am just trying to get ideas, any kind of ideas that will help our company.Leadership qualities of Sam Walton would include dedication, humility, creative, openness, fairness, intuitionQUOTES BY KISHORE BIYANIWe believe that in India we have the opportunity to grow for the next two to three years. We believe at the moment consumers are feeling psychologically stronger than they ever were to spend.Its not a matter of can we take on foreign retailers, but how big a gorilla you are.Who have helped you, share your success with those peopleChange your goal according to situation or be flexibleListen to others and learn from their ideasLeadership qualities of kishore biyani would include openness, dedication, humility and creative.Path-goal theorythis theory tells that it is the job of a leader to assist his followers for attaining their goal. The leader should also provide the direction and protrude to make sure the goals are compatible with the overall objectives of the organization .In the path goal theory the behavior of the leader includes directive, participative, supportive and achievement oriented.Trait theoryTrait theory gives a clear idea between the leaders from the non leaders through these big five personality framework-Leadership traits (Robbins Judge, 2009)Extroversion conscientiousnessOpenness to experienceEmotional stabilityagreeablenessTransformational LeadershipThese leaders are those who gains trust and respect and pass a sense of pride to their followers, they also give a vision of the goals that are to be attained. They show respect to their followers and also provide attention to their followers. These leader s pass on an howling(prenominal) effect on to their followers. They encourage their followers to be more creative and innovative just like themselvesTransactional leadership these leaders are those who motivates followers so as move to in the right direction so as to reach the set goals. They help the followers by clarifying their roles .they provide rewards when the followers gives high performance. If deviation occurs they take measures so as correct it. They only get into action when the standards are not met.Authentic leaders Here the leader is considered as an ethnical leader by the followers. These leaders know who they are and they also know what they believe in and they value it. These leaders act on their values openly and candidly. The main quality of this type of leader is trust. These leaders believe in their ideals and sticks to them. They also encourage open communication these are a few(prenominal) characteristics of this type of leadership.KEY FINDINGSAM WALTONSam Walton was a businessman from Oklahoma and he had smokes of difficulties in his college years. He had couple of jobs like in restaurants, paper boy etcWith lot of difficulties he managed his way out of college with B.A in economics. He believed in the retailing industry and he strongly believed America had lot to offer in the retail market. After leaving the military Walton took his first job in management of the Ben Franklin store that was in Arkansas at the age of 26.This store was a franchisee of the butler brothers. It was very successful because he was able to provide good at a very low cost by taking good from the lowest cost supplier. By Waltons leadership the turnover had gone by 7 times annually. Within a short sail of time Walton was able to create a retail empire. At present there is thousands of Wal-Mart all round America. His leadership played a very important role in the success of the company. He is known as the king of the retail industry. There are about 2.1 milli on employees in the company. He always believed in the team and stir his followers to think big and create new ideas. If people believe in themselves, its amazing what they can accomplish this was the concept he believed in.The big five personality frame work applies to him because he is having characteristics like openness to experience, emotional stability, agreeableness, extroversion and conscientiousness. He looks into different ideas and doesnt stick to one he is very flexible and if he believes in an idea he goes along with it to reach that goal he has set.Based on his study Sam Walton is a transformational leader because he gives personal attention to his co workers and also tells that few of the best ides in the company comes from clerk and stock boys. He provides vision and also gives rewards for the work they do. His leadership style has always had an extraordinary effect on his followers.Traits of authentic leaders are also seen in him because he knows who he is, and als o believe in what he does and he acts on his values. If Sam believes in an idea that is superb and might be out of the ordinary if he believes in it, he works hard so as to achieve it no matter whatKISHORE BIYANIKishore biyani is an exceptional leader and he is also known as the Indian Sam Walton. After completing his graduation in the commerce background. He went into the readymade garment retailing field without joining his family business. He believed in his own ideas while starting has a entrepreneur. Today he has a retail space of 3 million square feet and his future group is spread about 25 cities in India. Bloomberg business week has rated him has top 50 most powerful people in India according to 2009.There was an interview of in kishore biyani in CNBC-TV18 .when the interviewer asked him while starting your first business in Calcutta ,was it a success because of a pure gamble. To which he replied saying it was never a gamble, he t sometime(a) he knew what he was doing and w as sure it would work. He also told that there were no signs or number calculation behind it. It was a gut and also an instinct that told him that it work. And when the interviewer asked him what do you think is the most required asset in company he replied saying to find the right people in the industry will be his biggest challenge. From this its clearly understood he is team player. He always believed in his team.kishore biyani is also known for diversifying from his field to different in the industry. According to the Hindu business key it was said that kishore biyani is going g to start their mobile services soon. Kishore biyani has also been chosen as the international retailer of the year by the national retail federation in United States of AmericaBased on study on leadership I believe that kishore biyani can be related to the path goal theory he assists and shows them the way so as to reach their way. He tells them how the work has to be done in their organization and also makes sure the overall objectives of the company are met. kishore biyani sets a high standard and tries to achieve that goal and he always wanted to be the best not the biggest ,this shows us that he is achievement oriented and supportive with regard to the employees.Based on the study I believe that kishore biyani is a transformational leader and also traits of authentic leadership can be seen in him. He is a transformational leader because he has brought flexibility and creativity into the company from the starting of the company till were it is today .kishore biyani has inspired many followers and has left an extraordinary effect on his followers mind. This leaders are able to make their followers to look at old problems in new ways are made capable of making their followers to think in a differ way so as to achieve their group goals. Traits of an authentic leader are also seen in kisore biyani. Kishore biyani sticks to the ideals which he believes in and encourages communicatio n that is open. Authentic people have the power to make people to put their faith in the leader.