Explain to tr, the different management / leadership styles, Financial Management

Assignment Help:

TR has recently been promoted to his first management position. In the past, he very much enjoyed working as part of a team, but is having some difficulty in adapting to his new role as leader of a team. In his recent appraisal he has acknowledged that his style of management is not effective in all instances. In particular, he feels that he has not been very flexible in dealing with some of the issues that he has faced. He has identified that he would benefit from leadership training to help him better understand the alternative styles of management that he could adopt to help him develop to become more effective in his role. 

Explain to TR, with reference to theory, the different management / leadership styles he could adopt to help him to become more effective in his role.

A number of researchers have contributed to theories which have been developed to help describe the dissimilar leadership styles that managers can adopt. Single such theory which could help TR in understanding the alternative styles he could use is Tannenbaum and Schmidt's continuum of leadership behaviours. The continuum is based on the degree of authority used by a manager and the degree of freedom for the subordinates in decision making.   Tannenbaum and Schmidt identified a range of several styles along the continuum ranging from boss-centred to employee-centred. Boss-centred tends to be associated with an authoritarian approach while employee-centred is associated with a more democratic or participative approach.  

 


Related Discussions:- Explain to tr, the different management / leadership styles

Help with 4 questions, I need assistance with 4 questions. How do I know s...

I need assistance with 4 questions. How do I know someone can help me and have some idea of what it would cost before submitting the information? Also, how fast is the turnaround

You are required to prepare an income statement, This is an individual assi...

This is an individual assignment.  You are employed as a Trainee Accountant by Finners Accountants Ltd. The Finance Manager, Mr B Proudfoot has asked you to review details from

Stock valuation, Investors require an 11% return on a preferred stock that ...

Investors require an 11% return on a preferred stock that pays a $2.30 annual dividend.  What is the price

What is compound interest, What is compound interest? Compare compound inte...

What is compound interest? Compare compound interest to discounting. Compound interest takes place when interest is earned on interest and on the original principal of an inves

S&p cnx 500, S&P CNX 500 Here, the stocks are included as per their res...

S&P CNX 500 Here, the stocks are included as per their respective market capitalization. It includes companies which lead in their respective industry sector. They should close

Legal framework-asic, Legal Framework ASIC, in order to equip itself wi...

Legal Framework ASIC, in order to equip itself with its wide-ranging functions, is empowered with additional resources and new legislative powers. Towards this, the Australian

Graphical method, The graphical method is a simple one, and is the mo...

The graphical method is a simple one, and is the most easily understood of the several linear programming methods. A thorough knowledge of the graphical procedure

Sinking fund function in retirement of an outstanding bond, How does a sink...

How does a sinking fund function in the retirement of an outstanding bond issue? Where a company puts payments that are then used to buy back outstanding bonds is known as a si

Evaluate accounting rate of return and net present value, Citilink has a bu...

Citilink has a business line currently owns and runs 350 sightseeing buses and has a turnover of $10 million per annum. The current system for allocating jobs to drivers is very i

Exchange Rate Parity Conditions, 1) According to the IFE (RIP), if U.S. inv...

1) According to the IFE (RIP), if U.S. investors expect a 3% rate of domestic inflation over one year, and a 6% rate of inflation in European countries that use the EUR, and requir

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd