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

Explain systematic risks in financial management, Q. Explain Systematic Ris...

Q. Explain Systematic Risks in Financial management? Systematic risk in non-diversifiable and is associated with the securities Market as well as economic, sociological, politi

Merits of wealth maximization approach, Q. Merits of Wealth Maximization Ap...

Q. Merits of Wealth Maximization Approach? Merits of Wealth Maximization Approach:- The wealth maximization schema is superior to the profit maximization approach because:

Illustrating a straddle, Options Traded on Legal and General August 14  200...

Options Traded on Legal and General August 14  2009 Share   Price         Exercise      Price    Calls       Puts                                 Sep        Dec        Mar

Principles of good regulation, Principles of Good Regulation While perf...

Principles of Good Regulation While performing its functions, the FSA needs to take into account certain matters which are termed the ‘principles of good regulation'. The matte

#titApplicability of an operating cycle, Discuss the applicability of an op...

Discuss the applicability of an operating cycle in cabbage growing business in Uganda.

Types of investment strategy of hedge funds, Various Types of Strategies ...

Various Types of Strategies Different types of hedge fund strategies are discussed as follows: Relative Value of Strategies: Relative value strategies are also known as no

Capital Asset Pricing Model , What is Capital Asset Pricing Model? Please ...

What is Capital Asset Pricing Model? Please provide me report on Capital Asset Pricing Model. It is about 2000 words count report on topic Capital Asset Pricing Model.

Corporate debt, which critically examines the benefits and risks to a compa...

which critically examines the benefits and risks to a company, of incorporating corporate debt into a portfolio of equity and debt.

Benefits of mentoring for new members of staff, JB has recently joined the ...

JB has recently joined the Finance Department of P Company as a trainee management accountant. As part of the Company's induction, she has been offered a mentor. Though, since JB h

Define the finance function, Q. Define the finance function? Is it a risk-r...

Q. Define the finance function? Is it a risk-return trade off? What is the basic role of a modern financial manager? What is the basic importance of finance function in the mana

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