MGT 424 Senior Seminar in Management

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MGT 424 Senior Seminar in Management

• Week 3
• LEADERSHIP

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MGT 424

• The first requirement of Leadership is
  Knowledge
• Tom Landry
• Dallas Cowboys
• To properly lead, we must understand that leading
  is NOT just giving orders.

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MGT 424

• You cannot manage men into battle. You manage
  things, you lead people.
• Admiral Grace Murray Hooper

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• Difference between Leader Leadership
• Leader is an individual
• Leadership is a function or activity the
  individual performs.

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• The essence of real leadership is to allow your
  people to see your need and desire for learning.
  Your actions speak more than your words. Todays
  leaders must be students of change first, before
  they become teachers of others. Jack Kahl

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MGT 424

• Leadership is the art and science that deals with
  the relationship and understanding of people .
• Leadership is basically human engineering.
• Leadership is influencing.
• Leadership is the influence that particular
  individuals exert upon the goal achievement of
  others in an organizational context.
• A leader embraces change.

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MGT 424

• Effective leadership exerts influence in a way
  that achieves organizational goals by enhancing
  the productivity, innovation, satisfaction, and
  commitment of the workforce.
• Leadership focuses on positive influence,
  inspiring others and creating a vision of the
  future.

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• Leadership is situational and balances an
  interest for people with a concern for task
  accomplishments.
• Leadership invokes direction, opportunity,
  renewal and a human approach to business
  challenges.
• Leaders have passion.

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MGT 424

• Leadership embraces consensus, empowerment,
  mentoring, and a transformational approach to
  impacting an organization.
• Leaders are judged by sustained success.
• Leaders are teachers.

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• Leaders convey values, energy and heart.
• Leaders foster motivation and action.
• Winning companies have leaders at every level.

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• Leadership is not magnetic personality that
  can just as well be a glib tongue. It is not
  making friends and influencing people that is
  flattery. Leadership is lifting a persons
  vision to higher sights, raising a persons
  performance to a higher standard, building a
  personality beyond its normal limitations. The
  role of leadership is to create a vision, be a
  servant and, understand, trust and love your
  people. Peter Drucker

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MGT 424

• The three Cs of visionary leadership
• create a vision
• communicate the vision
• construct a vision
• L f (l, f, s) which means leadership follower
  (leader, follower, situation).

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• The 12 Qualities of Leadership
• Has A Mission That Matters
• Is A Big Thinker
• Has High Ethics
• Masters Change
• Is Sensitive
• Is A Risk Taker

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• The 12 Qualities of Leadership (cont)
• Is A Decision Maker
• Uses Power Wisely
• Communicates Effectively
• Is A Team Builder
• Is Courageous
• Is Committed

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MGT 424Diff. Between Leaders Managers

• Managers
• Do things right
• Command/Control
• Seeks Stability
• Seeks Predictability
• Structural
• Internally Focused

• Leaders
• Do the RIGHT thing
• Inspires/Empowers
• Seeks Change
• Seeks Flexibility
• Found Anywhere in organization
• Externally Focused

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MGT 424

• In dealing with people, remember that you are
  not dealing with creatures of logic, but your
  dealing with creatures of emotion.
• Dale Carniege

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• Excellence in Leadership requires 3 things
• Ability to attract capable people
• Ability to motive people to give their best
  efforts every day
• Ability to solve problems

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Plan
Mission Goals Objectives
Communicate Motivate Inspire
Lead
Organize
Structure Job Description Responsibility
Control
Reward Feedback Assesment
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MGT 424

• Questions for thought
• Can anyone become a leader?
• Who makes better leaders, Men or Women?
• Can one be both a leader AND a manager?

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Puzzle of the Week

• A company has 10 machines that produce gold
  coins. One of the machines are producing coins
  that weigh one gram light. How do you tell which
  machine is making the defective coins with only
  ONE weighing?