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Leadership 1
Building your company's Vision and Leadership
13
Business
Undergraduate 3
12/09/2009

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Term
Theory X Leader
Definition
Believes that people are inherently lazy, shy away from work and responsibility and will be a follower instead of a leader.

They use threats, coercion and financial penalties to motivate.
Term
Theory Y Leader
Definition
Work can be as enjoyable as play or rest and that people are creative. Doing a good job can be satisfying.

People can be self-motivated, self-directed and self-controlled.

If given freedom, people are ambitious and will pursue goals that will benefit themselves and the organization.
Term
X or Y?
Definition
Both leaders are right: Leader beliefs are self fulfilling prophecies.
Term
Pygmalion Experiments
Definition
Psychologists told teachers some students had higher potential than others. Then through self-fulfilling prophecy, the students with "high potential" were then the top students! The way the teachers interacted with the students influenced them.

Teachers expectations shaped their abilities, motivation and behaviors.

Pygmalion increases people's beliefs in themselves and strengthened expectancy beliefs (E to P)
Term
Competency Trait Perspective
Definition
Great leaders are born with the necessary skills. People who emerge and become successful leaders are open minded, conscientious, and emotionally stable extroverts.
Term
Behavioral and Transformational Perspectives
Definition
Great leaders are made through learning and applying key skills.
Term
Intelligence
Definition
90% of People think President should have a strong understanding of complex issues, college students think intelligence is single most important characteristic for leader to possess. However the correlation is only moderate (both for emergence as a leader and effectiveness as a leader)

it is important to fit with the followers intelligence otherwise there can be a communication gap/disconnect.
Term
Transformational Leadership
Definition
Transformational Leaders inspire followers through key sets of behavior:

Charisma- high standards of ethical conduct, attracting loyalty, sharing enthusiasm, building confidence and using persuasive language

Intellectual Stimulation- motivating followers, encouraging divergent thinking, challenging organizational forms

Individualized Consideration- coaching and consulting to help guide unique growth of followers

Creating a Vision- defining trait for transformative leaders

HOWEVER- it can run the risk of creating followers who are easily manipulated or creating an unattainable, lofty vision that cannot be reached and end in disappointment
Term
BHAG
Definition
Big Hairy Audacious Goals
Clearly articulated and that can be reaching within 10-30 years.

Engages people, are challenging, serves as a unifying focal point of effort, and acts as a catalyst for team spirit. Has a clear finish line. Tangible, highly focused and takes little to no explanation.
Term
Effective Vision
Definition
Imaginable
Desirable
Feasible
Focused
Flexible
Communicable
Term
Company Vision
Definition
A well conceived vision consists of two major components: core ideology (what we stand for and why we exist) and envision future (what we aspire to become, to achieve, to create, something that will require significant change and progress to attain)
Term
Core Values
Definition
The essential and enduring tenets of an organization. Small set of timeless guiding principles, they have intrinsic value. Company decides for itself what values it holds to be core, largely independent of the current environment, competitive requirements or management fads.

Usually companies have between 3 and 5 core values.
Term
Core Purpose
Definition
the second part of core ideology, organization's reason for being. It reflects people's idealistic motivations for doing the company's work. it doesn't just describe the organization's output or target customers; it captures the soul of the organization.

Purpose should inspire change.
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