Power is the ability to exercise influence or control over others. Leadership involves authority and it is very important for leaders to understand what type of power they're using. The 5 Types of Power in Leadership are Coercive power, expert power, legitimate power, referent power, and reward power. Authority is the right to command and extract obedience from others. It comes from the organization and it allows the leader to use power.
In the functioning of a leader, the ability to guide the action of others is achieved through his or her authority. Carrying out of these decisions is accomplished because of the power of the leader. You will see the relationship between the authority and power of a leader as we go further to understand various types of power.
This power comes to the leader when the organization’s authority is accepted. It comes from the rules of the organization. For e.g. parents, teachers, managers, police, etc. have legitimate power only when their authority is accepted in the positions they hold.
This is the power of knowledge and skill of special kinds that is important in getting the job done. A person’s professional competence or knowledge gives him or her expert power. The credibility increases and he or she can lead other persons to trust the judgments and decisions taken by the leader. A leader may not be an expert in all fields, but one can certainly take the help of experts in particular fields as and when required.
This is the power of attraction or devotion, the desire of one person to admire another. A subordinate feels a positive attraction towards a leader by identifying oneself, with the leader, or gets influenced by the leader’s attractive power. This power helps the subordinate to understand and value the leader so much that one understands and acts according to the expectations of the boss or the leader. It helps one to act as one’s own boss, and behave in ways one thinks the boss will want.
This power is the present or potential ability to reward for worthy behavior. The superior or the leader has the power to give tangible rewards such as promotion, office space, time off from work, attractive work assignments, and help to the subordinate. Also, psychological rewards like praise, appreciation, approval, and recognition can be given by the leader or the superior to the subordinate. The subordinate has to believe that the leader has access to higher authorities; therefore, the leader can give rewards. This reward power of the leader can also increase the leader’s charismatic and legitimate power.
This is the ability to threaten or punish. The leader can give tangible punishment like dismissal, demotion, low rating, less satisfying work assignments, etc. Psychological punishments include criticism, avoidance, disapproval or satirical remarks, etc. on the subordinate. The reward power helps to avoid something undesirable. The self-esteem of the subordinate will increase because of reward power. It also decreases because of punishment or coercive power. Even a subordinate may withdraw or break the rules or become hostile. One may not feel attracted to the charismatic power of the leader and at times may ignore the leader’s legitimate power. Having seen the reasons for differences between the authority and power of the leader, you should know the type of leaders as understood on the basis of their authority and power.
Besides the power aspect one should also account for the following:
A formal leader is selected by the organization. For example, a manager is a formal leader by virtue of the authority coming from the organization. He or she influences others to help accomplish the goals of the organization or unit. Such leadership lasts over a long period of time.
An informal leader is chosen by the group. Thus, all managers are leaders if their authority is accepted, but not all leaders are managers. Informal leadership is leadership without position and may shift from one person to another. It may last for a brief time. Most people are leaders at one time or the other and they can have an influence on others as defined by the concept of leadership itself.
The ideal leader is the one who can combine formal and informal leadership simultaneously within himself or herself.
The best career choices are ones that match your values. Each person has several values that are important to him. These values are highly personal and knowing them provides a clearer sense of what's most important to you in your life and career. Career values are the beliefs you consider important from a work standpoint. Values help you understand what you want from a job? Explore a few examples of work values that can influence career path and job satisfaction.
Tools for Developing Your Team
If a manager has too many weak spots in the talent of the team, the ability to empower the team members to independently execute the project is impaired. Assignments fall behind schedule or stretch out because the needed skills or knowledge are not in place when needed. To successfully execute important projects, hiring talented people, and increasing the talents of existing staff are most important.
Managers have to perform many roles in an organization, and how they handle various situations will depend on their style of management. Management styles are the characteristic ways, of making decisions relating to subordinates. These are the strategies, efforts, or direction used by the manager, to create an efficient workplace, to achieve organizational goals. A management style is the method of leadership used by a manager.
Theory Z also called the "Japanese Management" style is a leadership theory of human motivation focused on organizational behavior, communication, and development. It assumes that employees want to enter into long term partnerships with their employers and peers. Offering stable jobs with an associated focus on the well-being of employees results in increased employee loyalty to the company.
Productivity is defined not in terms of the number of goods produced, but in terms of value-added per employee. Customers don’t really buy goods and services but in fact, they buy a value - something they value. The future is all about tangible products fulfilling intangible needs. Ideas like this can transform a business and provide them a competitive advantage to thrive in the future.
There are four major factors in leadership called Leader, Follower, Communication, and Situation. The success of the leader is dependent on how the leader is effectively able to communicate and motivate followers to perform desired tasks using the appropriate leadership style best suited for the given situation. Interdependencies and dynamics of these four factors of leadership must be considered by a leader to be effective.
In its simplest sense, decision-making is the act of choosing between two or more courses of action. Decision making is a key skill in the workplace and is particularly important if you want to be an effective leader. When decisions have to be made, there are several stages that you should go through to reach a practical solution. Understand the meaning and importance of decision making and how to look at it as a process.
In today's innovation-driven economy, understanding how to generate great ideas has become an urgent managerial priority. Managers need to encourage and champion ideas and need to help their organizations incorporate diverse perspectives, which spur creative insights and facilitate creative collaboration by harnessing new technologies. Innovation is the embodiment, combination, and/or synthesis of knowledge in original, relevant, valued new products, processes, or services.
The concept of management refers to the process of planning, organizing, staffing, directing, coordinating, and controlling to achieve organizational goals. It is the management of human, physical, financial, and other valuable resources of the organization in an effective and efficient manner to achieve business objectives.
Quantitative Theory of Management
The quantitative management approach is given by the mathematical school that recommends the use of computers and mathematical techniques to solve complex management issues and assist in the managerial decision-making process. Managers observe historical quantitative relationships and use quantitative techniques such as statistics, information models, and computer simulations to improve their decision making.
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