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Rules of Becoming A Successful Business Leader: Dave Thomas

Using leadership theories, analyze Dave Thomas as a successful leader to identify characteristics and provide specific examples of leadership qualities you think contributed to his success.
Evaluate your own leadership style and identify your own leadership characteristics as a delegator.
An exceptional leader realizes that he/she cannot accomplish everything on his own. A leader will know the talents and interests of people around him/her, thus delegating tasks accordingly.
Explain your leadership style and your ideas and plans for improving your effectiveness as a leader based on your comparison with an admired leader
• Evaluate Dave Thomas and yourself, based on the leadership theories.
• Summarize the discussion.

Solution Preview

A person I admire is Dave Thomas. Dave Thomas is claim to fame is being the founder of Wendy's restaurant chain. He described work as being his "constant companion". During the Korean War, he volunteered and attended the army's Cook and Baker School. Thomas described his job as an army cook, having to feed 2,000 hungry soldiers teaching him "some important skills about the big picture of feeding a lot of people. After leaving the army, Thomas worked as a short order cook for a man who owned four franchises of Kentucky Fried Chicken. The franchises weren't doing well. The owner made a deal with Thomas that provided an incentive of 45% ownership if he were able to turn the business around. Thomas was able to turn the business around and cashed out his share of the business in 1968 for a ...

Solution Summary

This solution provides a short description of Dave Thomas, founder of Wendy's, in relation to becoming a successful businessman.