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Leadership: Importance for Business

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What is leadership?
What are the key theories and findings of leadership research?
What are the key implications for management practice?
Why should we study leadership?

References:
Eagly, A.H., Johannesen-Schmidt, M.C., & van Engen, M. L. (2003). Transformational, transactional, and laissez-faire leadership styles: A meta-analysis comparing women and men. Psychology Bulletin, 129, 569-591.

House & Aditya (1997). The social scientific study of leadership: Quo vadis? Journal of Management, 23, 409-473.

Bass, Avolio, Jung, & Bersen (2003). Predicting unit performance by assessing transformational and transactional leadership. Journal of Applied Psychology, 88, 207-218.

Thomas. (1988). Does leadership make a difference to organizational performance? Administrative Science Quarterly, 33: 388-400.

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Solution Summary

This response defines leadership and its importance for businesses.

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What is leadership?
Leadership is the ability to develop a vision, plan, and mission for success while also providing the necessary resources and guidance to ensure that the objectives and goals of the vision are met. A leader must be capable of motivating others and eliciting commitment from subordinates for their vision.

What are the key theories and findings of leadership research?
The key theories associated with leadership research include the trait approach, the behavioral approach, and the situational approach. These three ...

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