1 page/≈275 words
Management Practises: Bill Gates and the Fiedler Model (Coursework Sample)
identifying the successful business leaders and evaluate their leadership and management styles used in their respective industrysource..
1 Leadership and Management styles
In the world of business, leadership is defined as the progression of an individual in the executive role to mobilize a group of people with the core purpose to realize a particular objective. It involves the inclusion of all members in a given industry to literary and freely accepts the ideologies of the core executives by giving them a real trial wherever possible, and critically analyzes the applicability in achieving the goals of their industry. The model below describes the leadership traits and theories to explain the concept.[Northouseâ€™s (2007, p3)]
On the other hand, leadership can be viewed as management. To clearly distinguish between the two terms, management is the collective term describing all the activities involved in staffing, coordinating and evaluating the employee efforts to realize the organizationâ€™s core objectives. This is done through the correct and wise application of business resources which include; technological advancements, financial resources, labor force and natural assets.[Ford w. & le Roux, M. k (2007). Management practices. The core activities for realization of organizational goals.]
Bill Gates used the Fiedler model in his leadership as shown below
He balanced both the task and relationship for maximum output for both people in the industry. According to Fiedlerâ€™s theory, the core factor to the realization of mission as portrayed by managerial activities and leadership is situational favorableness and environmental variability. This is the capability of a leader to mobilize and influence employees to meet a particular goal. By virtue, the examples like Branson and Gates are critically mobilizing their employees to attain the core objective.
Leadership styles used by Bill Gates and Richard Branson
Considering the key CEOâ€™s in the world prominent business like Richard Branson of Virgin Enterprises and Bill Gates of Microsoft, there we can point the differences between the two terminologies in business. Keenly evaluating their leadership styles, the following similarities crop out. First, they are all employed delegate leadership style. Bill Gates paid particular attention to recruit and retained the best talent in the software industry. He thought that the recruitment of talented software engineers was one of the most critical elements in the business and industry. Further attributes in recruits that he considered are; the ability to grasp new knowledge quickly, the capacity to ask probing questions, and thorough understanding of software design structures. Richard Branson believes in qualitative talent acquisition. He emphasizes in enabling his employees to settle on the choices and to make it happen. A CEO needs to think their gut impulse and permit staff to take care of business and to have faith in their capacities.[WIRBA, A (2012). Leadership styles. Delegate leadership styles by employing the brightest talent in the industry for excellent results.] [GOLD, THORPE & MUMFORD (2010) Leadership and management style. The attributes of a good leader to business prosperity through delegation of duties to subordinates.]
Difference in leadership styles and management in both CEOâ€™s
Both seem to differ on the ruling kind of administration and leadership. Gates is Autocratic while Branson is a Democrat. Business control is essential to Gate's tendency and his administration practices. He has a fixation on detail and with looking up and is used to sign costs singly. He is attempting to consume the World Wide Web programming market and has had legitimate issues with the division of equity. Microsoft confined the capacity of its Internet accomplices to manage its adversaries. Additionally, he loathes protests. Branson believes in Democrat nature of the rule. He treats all people equally and respects their views, makes calls to get customer feedback on the kind of services and the product they offer. He consults before making the autocrat decision.[MABEY, SKINNER & CLARK (1998) Experiencing human resource management. Different leadership styles via democratic rule for mission achievement.]
The management qualities from both CEOâ€™s are that they have the desire to achieve. All this being business centered, both focus on earning respect. Richard Branson and Bill Gateâ€™s positive mentality of caring about the people and employees portrays a good image relevant to a modern management society. He claims â€œYou canâ€™t be a good leader unless you like people. That is how you bring out the best in them.â€ This is to mean that responsible, and considerate managerial executives are at a better chance to attain better output in their lines of duty.[FORD and LE ROUX (2007). Leadership and management styles. What some key chief executives apply to become what they are in their respective industry.]
The essential rule of achieving the core objectives in a small business is creativity and practical innovation. In both CEO's it is evident they both crave for sufficient revolutions to produce their businesses on the top. CEOs need to think how they can do their jobs differently to offer the competitive advantage because of their companies. As IT becomes standardized across many industries, it will become harder to differentiate the IT offering. Look harder, and competitive benefits are still achievable through innovative uses of IT. The question is whether you as the leader can locate and exploit it? Virgin has proved that such success is possible. Many businesses insufficient innovation is due to their anxiety about failures.[HAFFORD (2008). Leadership and management in social care. The key to managerial success is to avoiding social views attached to failure.]
Both executives contribution to corporate governance to other stakeholders
The application of Fiedlerâ€™s theory in group mobilization towards the achievement of a particular purpose is the core in the present world makes the employers achieve their mission. The situational favors and environmental variables make it possible to realize the core goals. Take an instance in inclement weather if the worker is exempted from duty and told to compensate for the time when free of adverse conditions, surely this will mean the proper strategy to realize and pay for the exemption. The favors get paid by great output in expectation of continued favors in a later time.
On the other hand, the executive-member associations determine how much the workers acknowledge the pioneers. Enterprise structures equally depict how much the subordinate employments are qualitatively result and mission oriented and the Position control defines the measure of formal power the Pio...
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