Inferential Statistics in Decision Making Research Paper 2022
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Running head: INFERENTIAL STATISTICS IN DECISION MAKING Inferential Statistics in Decision Making Name of the Student Name of the University Author Note
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1INFERENTIAL STATISTICS IN DECISION MAKING Qualitative Peer reviewed journal Iqbal,N.,Anwar,S.,&Haider,N.(2015).Effectofleadershipstyleonemployee performance.Arabian Journal of Business and Management Review,5(5), 1-6. Introduction/Background This research paper is fundamentally based on the impact of leadership style on the effect of employee performance which are centred on employee performance. The study generates suitable insight about different kinds of leadership styles and their potential impact on employee performance. This is a qualitative study and thereby, it considers both historical perspective and theoretical perspective of leadership and employee performance. It has also been identified in the study that leadership has engaged as the most new and effective approach for managing or dealing with the employee performance. The authors find the purposeofperformingaresearchinthecontextofleadershipstyleandemployee performance because personal administrations are entirely governed by human resource management. Thus, this is most likely to give rise to strategic integration of contemporary leaderships which creates the scope for effective employee management and to standardise employee performance. Amidst this long series of points, the major context of the study is to investigate how leadership affects employee performance. What has led the authors to perform the study? According to the claims of the authors, existing studies fundamentally sought to identify the personal characteristics such as how leadership variables can affect the personal phenomena. Here again, the authors again denoted the leadership variables as participative, democratic and democratic. Authors claim that participative approach lacked core insight but in the data collection method of the studies, it was found that participative approach can be a critical factor to sustainable leadership practice and this can happen mostly in a large working
2INFERENTIAL STATISTICS IN DECISION MAKING environment. Thereby, the authors have found the interest in the fact that even though the previous studies have ignored the significance of such leadership style, but in today’s changingmarketingenvironment,employeeempowermenthasmadeitmandatoryfor corporate heads to rely on or try different leadership style that are effective for both the organization and the employees. Key Concept The key concept explored in the study is to identify and examine the impact of different kinds of leadership styles can create potential impact on employee performance. Authors of the study have also presented the fact that the types of leadership styles including autocratic, democratic and participative stand or appear independent variable but employee performance stand as dependent variable. To particularly clarify the doubt, authors of the study have developed a comprehensive conceptual model which is developed on the basis of their relationship with the consideration of analysing which leadership style can be effective or appropriateforemployeeperformance.Anotherconceptfoundinthestudyisthat performance is mostly about carrying out the duties, completing tasks by the given deadline and achieving the goals of respective departments of the business. In addition to this, authors of the study have also explored theoretical perspectives like Fiedler Leadership contingency model theory was also developed in which the authors proposed effective level of employee performance significantly depends upon proper abilities of leadership or leaders’ ability. Gaps in the previous studies have led to the investigation in the present study Given the authors’ view presented in the study, it can be mentioned that previous studies on leadership appear vague if they are compared to today’s dynamic business environment. When it comes to leadership, previous studies have described and analysed leadership as an abstract concept but there have been different leadership styles and each has its own impact
3INFERENTIAL STATISTICS IN DECISION MAKING on organisation and employee performance. Thus, to differentiate the impact of each style on employee performance, authors of the present study have explored all kinds of leadership styles that are applied across the business today. Methodology: This study used a qualitative research methodology to explore the problem in the most interpretative view and investigate the issue with the help of descriptive research approach. Hence, this descriptive research method helped the authors to collect information about the existing conditions. It can be mentioned that authors have used descriptive method because the purpose was to explore the effect of specific phenomenon on the employee performance. In addition, the authors have used secondary data collection method. The major data sources that authors have used in the study are newspaper journal articles, magazines, and journal content. Hence, the secondary source of the data was used because sources helped the authors to understand the issue more intensively. Furthermore, to analyse the data, the sampling unit used in the study is CEO as well as the employees of Al-Ghazi Tractor Factory. This was developed along with the research model like Independent variable, dependent variable and leadership style. Research Findings and Discussion Findings of the study state the fact that leadership style may have significant and substantial effect especially in the small businesses and the impact is also found in large corporate foundation. According to authors’ view, leadership styles create corporate culture that autocratic leadership style tend to promote biased or one sided conversation. Moreover, as the leaders hold the ultimate authority, employees are most likely to be influenced or exploited. On the contrary, the findings of the study also talked about the democratic leadership style which provides the guidance that inputs should be taken from each individual working in the
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4INFERENTIAL STATISTICS IN DECISION MAKING team. Authors in the discussion have also stated that democratic leadership style insists on the sharing of responsibility and implementation of delegation. Conclusion Even though the findings of this study broad in nature but if extracted, can be mentioned that thereispotentialimpactcomingoutofparticipativeleadershipstyleonemployee performance. Authors in the findings mostly emphasised on the participative leadership style with the greater impact on employee performance. Conversely, the autocratic leadership style leaders have the authority to take decisions but employee often feel left out.
5INFERENTIAL STATISTICS IN DECISION MAKING Reference Iqbal,N.,Anwar,S.,&Haider,N.(2015).Effectofleadershipstyleonemployee performance.Arabian Journal of Business and Management Review,5(5), 1-6.