Leadership

• Leadership


  One of the highly regarded qualities of an individual to be successful in life
• Leadership


  The art of influencing people so that they will strive willingly and enthusiastically, with zeal and confidence, toward the achievement of group goals
• Functions of a Leader

  • Planning
  • Organizing
  • Leading
  • Controlling
• Planning


  Strategic planning is essential for every organization to move forward. A leader must be well-suited for looking at long-term goals and knowing how to get there. They must also be capable of ensuring that the vision isn't lost in secondary views and tangents.
• Organizing


  Once the plan is made, a leader must be able to organize the group so that the plan can be executed. It is about delegating tasks, establishing procedures and developing performance metrics. A leader must also get feedback from the team, as to what has worked and what might impede achieving the new outline plans and goals. By using the existing resources, processes can also be established to work in the trenches, and that they will move forward to the bigger goal.
• Leading


  Leading is not just how one can get the job done; instead, it is how one gets his team to understand each respective component accomplished moving closer to the end-goals. It is possible to use any leadership style for day-to-day operations, but team morale must be critically considered in choosing these styles. Leaders must think about how to motivate the team best to achieve the goal.
• Controlling


  Controlling doesn't mean micromanaging. Controlling in leadership is making sure that there are means to define success. Leaders must be very good at determining if the plan is succeeding. If a problem or gap is found, corrective action must be taken to adjust or fix the problem, or the strategy might fail.
• Types of Leadership


  • Persuasive
  • Authoritarian
  • Laissez Faire
• Persuasive leadership


  Takes into consideration the physical, mental and human capabilities and limitations of the individual members of a group. A persuasive leader does things by example and gets results through the willing and cheerful cooperation of the men under him.
• Authoritarian leadership


  Relies on the exclusive and forceful use of rank or authority alone. This type of leader rarely considers human frailties and limitations and generates animosities and the inward hostility of the men under him.
• Laissez Faire leadership


  May be the least effective in terms of results. A leader of this type is usually or generally associated with the bahala na or are achieved through the exercise of group leadership and not through a particular individual who is presumed to be the leader of a group.
• Principles of Leadership


  • Take responsibility for your actions
  • Know yourself and seek self-improvement
  • Set the example
  • Seek responsibility and develop a sense of responsibility among your subordinates
  • Ensure that the job is understood, supervised, and accomplished
  • Know your men and look for their welfare
  • Keep your men informed
  • Employ your command in accordance with its capabilities
  • Train your men as a team
  • Make a sound and timely decision
  • Know your job
• Virtues as Foundations of Leadership

  • Prudence
  • Justice
  • Fortitude
  • Temperance
  • Industry
  • Loyalty
  • Responsibility
  • Cheerfulness
  • Generosity
  • Magnanimity
• Traits of a Good Leader

  • Integrity
  • Knowledge
  • Courage
  • Decisiveness
  • Initiative
  • Dependability
  • Tact
  • Justice
  • Enthusiasm
  • Bearing
  • Endurance
  • Unselfishness
• The Wealth of Nations was written in 1776
• If a firm increases advertising then their demand curve shifts right. This increases the equilibrium price and quantity.
• Marginal utility


  The additional utility (satisfaction) gained from the consumption of an additional product
• If you add up marginal utility for each unit you get total utility