Leadership: Definition, Styles, and Characteristics
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Added on 2023/01/18
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This presentation provides an overview of leadership, including its definition, styles, and characteristics. It focuses on the leadership style of Steve Jobs, co-founder of Apple and Pixar, and his success stories. The presentation also offers valuable lessons for project managers. References are provided for further reading.
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Leadership
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Leadership is a quality of a person or group of persons who have the ability of guiding or influencing his followers such that they feel motivated to achieve their or the organization’s goals[3]. Qualities of leader: clear vision for the goal, taking decisions, setting goals for the followers, helping followers to achieve their goals[1]. Characteristics of leader: trust, vision,effective communication skills, creativity, urgency, initiative, integrity, vision, confidence, adaptability, integrity, focus, decisiveness, responsibility, and transparency[7]. Leadership styles: 1. Autocratic 2. Democratic 3. Coaching 4. Visionary 5. Strategic 6. Transformational 7. Laissez-Faire 8. Charismatic 9. Transactional 10. Bureaucratic Definition, Styles and Characteristics
Co-founder of apple and Pixar Iconic leader Invented Macintosh computer Importance to quality over profit Made Apple most successful[3] Believed in building life Three Qualities of Steve Jobs oAdaptability: most missed quality, developed patience and discipline when away from Apple, open to criticism[4], oFocus: led to invention of products, developed products according to customer’s need, focused towards his goals, oVision: invention of unique products, iPad an example of his visionary thinking, analysed consumer’s mind and need[6] Steve Jobs- Characteristics
Three leadership styles: Charismatic: Transformational Transactional[5] Charismatic: Charisma means ‘gift’ Charismatic leader has affection, trust, loyalty among followers, self-worth, ambitions, high sense of involvement, and ideology Pulled Apple from crisis Rhetorical style depending on the situation Brilliantly chose right mix of persuasive strategies Deliver constant set of message[4] Transformational Ability and source of power to influence people Vision-oriented Inspiring Encouragehis followers’ intellectual development Put product over profit[1] Look for perfection Believed in creating new rather than following something Made Apple’s product unique through his innovation Able to see the future of technology through his visionary imagination Ability of creating ideas into products Motivated employees to achieve almost impossible goals[2]. Leadership Style of Steve Jobs
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Transactional Achieved success in Apple Shared his innovative ideas with employees and asked them to convert it into product[3] He was multitasking as he participated in recruiting, strategies, and management Handle and managed entire business from various department to employees to business processes[2]
Steve Jobs and Steve Wozniak created Apple 1 in 1976 Their company received seed capital from investors Next year created Apple 2 He became millionaire when he was just 23 in 1978 In 1980, Apple hold Initial Public Offering (IPO) Created highest revenue in comparison of other IPO[3] By 1981, Apple was considered among three top producers ofpersonal computers Other competitors starting getting into market such as IBM and surpassed Apple’s revenue But Apple released mouse-driven user interface and named it Macintosh[1] This made the crowd wild for Apple Jobs left Apple in 1985 He created new company and named it NeXT,Inc He invested $7 million in his new company[7] Stories of Steve Job’s Success
Company gained this amount in very next year Ross Perot invested in Jobs’ company by seeing its success In 1990, company released its first computer naming NeXT computer[7] But it was very expensive By 1993, it sold only 50,000 machines Due to this company switched to software development It gained $1 million profit to company in 1994 During this time, Jobs involved in another venture He bought computer graphics division of Lucasfilm for $10 million[5] Renamed it as Pixar Walt Disney acquired Pixar for $7.4 billion Jobs became single biggest shareholder of Walt Disney organization[6] Continued…
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While Pixar was getting success, Jobs’ NeXT was struggling due to decision of becoming software-only company Out of its 540 employees 300 resigned In 1996, Jobs communicated with Apple again Apple paid $429 million cash for NeXT and also 1.5 million shares of Apple[6] After seven months of deal, Jobs was appointed as Apple’s interim CEO again He modified software licensing business of company It made Macintosh software costly for other companies By 2000, Apple declared Jobs as its official CEO As CEO, he started to look beyond PC[2] Invented iPod digital music player in 2001 By 2012, more than 350 million devices were sold worldwide[1] Continued..
Steve Jobs was a imaginary and visionary leader He was innovative He believed in perfection[2] His success story is full of inspiration He struggled very hard Despite of many critics and criticism, he did not give up and continued his struggle[4] His followers believed in him He was the leader of youth as he inspired them through his innovation[4] His charismatic personality attracts me the most He brought revolution in the IT industry He believed in creation rather than following All these characteristics of Steve Jobs inspire me and appeal me towards his personality[1] Why Steve Jobs Leadership Appeals me
Lot of lessons for project managers from Steve Jobs biography Although Jobs was technology and marketing guru but his approach was project based[5] He made the complex things very simple: he senses the demands of the customers and develop products according to their needs As customers are the revenue generator for an organization, hence managers needs to realise their needs[2]. He was an innovator and this distinguished him from his followers, hence a manager should be innovative He believed in stimulating critical thinking and innovative ideas through Socratic method. Socratic method is a debate between individuals. Hence managers should use this method to develop critical thinking and innovative ideas among employees[1]. Lessons for Project Managers
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References[1]E W Larson and C F Gray,Project Management: The Managerial Process. UK: McGraw-Hill Education, 2017. [2]R Muller and R Turner, "Leadership competency profiles of successful project managers," International Journal of Project Management, vol. 28, no. 5, pp. 437-448, 2010. [3]H Kerzner and H R Kerzner,Project management: a systems approach to planning, scheduling, and controlling. US: Oohn Wiley & Sons, 2017. [4]W Isaacson, "The real leadership lessons of Steve Jobs,"Harvard Business Review, vol. 90, no. 4, pp. 92-102, 2012. [5]W Lemstra, V Hayes, and J Groenewegen,The innovation journey of Wi-Fi: The road to global success. US: Cambridge University Press, 2010. [6]C T Xue, "Role of Leadership in Achieving Sustainable Organizational Change: Steve Jobs,"Imperial Journal of Interdisciplinary Research, vol. 2, no. 8, 2016. [7]S G Toma and P Marinescu, "Steve Jobs and Modern Leadership,"Change and Leadership, vol. 17, 2013.