COMMERCE 1BA3 Lecture Notes - Lecture 21: Warren Buffett, Teal, Situation Two
3 Dec 2017
School
Department
Course
Professor
Document Summary
If you are missing the first, the other 2 will kill you (warren buffet) (kouzes & posner) an organizational context. Informal leadership: formal: occupy assigned roles with expectations to influence others, given the authority to direct employees, no guarantee of deep effective influence (cfo, cmo, Informal: perceived as highly skilled, critical knowledge or experience, no formal authority: no legitimate title, positive power always (2 ways; negotiation, camaraderie, trust, critical knowledge and experience. Leaders vs. managers: the role of the leader and the role of the manager are not the same. Leaders: doing the right things, transformational (higher order) Transformational: below the water line: arouse intense feelings and inspire, rely on personal sources of power (ksas- knowledge, skills, abilities, charisma, motivate, inspire, develop 1-on-1 relationships, 2-way communication. Transactional: above the water line: motivate by exchanging rewards for services (recognize needs and reward, manager-like role: custodial, planning, organizing, delegating, providing feedback, aspect of power distance.
