•Analyze contemporary leadership models and practices from the perspective of innovation in a global environment.
•Assess what leaders of innovation do to shape organizational culture and processes.
Leadership is a skill that can develop over a period of time. Although, there is not a concrete action one can pinpoint and claim to know the fundamentals of effective leadership, executives continue to test processes to determine the best practice for leading an organization to success.
Leadership is a revolving process, which continues to train subordinates to become future leaders for the next generation. This method ensures that the organization will continue to function after the current leader or CEO resigns from the company or passes away. "Leaders must exhibit high levels of courage with a willingness to listen to others in order to collect and analyze information" (Fry et al, 2004).
Most organizational decision-makers focus on "minimizing costs and maximizing revenues, so it is no wonder they are turning their eyes to the rest of the world. The global economy gives corporations huge opportunities on both sides of the cost/revenue equation. They can increase revenue by filling the appetite of a billion new consumers; at the same time they can reduce their fixed costs (manufacturing, capital, R&D, and branding) and their variable costs (labor and materials)" (Hesselbein and Cohen, 1999).
The most common leadership theories include:
• The Great Man Theory- Theorists continue to argue whether a leader has a natural ability to lead or if they are molded into leadership through extensive training and developmental procedures. It is my belief that individuals can be transformed into leaders' however; this transformation does not guarantee good effective leadership. Leadership is a skill that can develop over a period of time some theorist would suggest that this developmental stage is rendered as a method of trial and error. Executives continue to test processes to determine the best practice for leading an organization to success and training subordinates to be more than employees. "Leaders must exhibit high levels of courage with a willingness to listen to others in order to collect and analyze information" (Fry et al, 2004).
• Trait Theory-is the theory that a leader can be either born or made if they are made with certain qualities such as intelligence, responsibilities, and ethics.
• Behavioral Theory-leaders are categorized by task ...
The expert examines leading innovations contemporary models.