Importance of Leadership Training and Development for Companies

LEADERSHIP & MANAGEMENT

TABLE OF CONTENTS
TABLE OF CONTENTS................................................................................................................2
INTRODUCTION...........................................................................................................................1
Discussing management and leadership theories with the organisational context..........................1
Transactional and transformational leadership............................................................................1
Evaluation of leadership development programme.........................................................................6
Review leadership development programme components, its structure and training methods &
intended results............................................................................................................................7
Presenting the benefit of using the leadership programme..........................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Leadership and management are two of the most important aspect for every organisation.
They lead the organisation towards growth and success. One of the factor that differentiated
between the leaders and managers is their responsibility. Managers are concerned with
conveying only the responsibility for various things and functions where the leaders are
concerned always with leading a group for the growth and success of organisations. They have
two distinct role that are important for the growth and sustainability.
Managers have the responsibility of planning things and taking the decisions that are
most beneficial for company. Leaders have the role of inspiring people and leading them towards
that helps the team in achieving their goals in alignment with the organisational goals and
objectives. Leadership development programmes help the managers and leaders to develop the
leadership skills in each and every employee. This makes the professional development of the
employees making them to take responsibility and to take new challenges in their work and
doing them collaboratively (Baškarada, Watson and Cromarty, 2017). Leadership programmes
enhances the knowledge and skills of employees and also motivates them to emerge new and
creative ideas of doing things. It gives how team work can help an organisation to reach its goals.
Present report will be reviewing the leadership and management literature as they have
the most importance in the organisation. Good leaders inspire people not just by words but
through the work and life principles. Leadership development programmes provide the
organisation to develop new talents with the potential of becoming good leaders. Programmes
provide the organisation to boost its productivity and efficiency by providing its employees with
new ideas and knowledge for enhancing their personality as leaders.
Discussing management and leadership theories with the organisational
context.
Transactional and transformational leadership
Leadership is defined as the activity involving social influence where the one person could
procure or enlist helps and support of others for accomplishment of common objectives. this
refers to the method of organising employees of the company for the achievement of common
goals and objectives. Leaders are the people who have the ability and capability of guiding the
people, associating and inspiring them for the achievement of goals. There are different types of
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leadership theories given but among all these transformational and transactional theories are
most commonly used by the enterprise.
Transactional leadership
Transactional leadership refers to the term used for classifying the formally recognised
theories for inquiring interactions among the leaders and their team. Focus of transactional
leaders is more over the number of transactions. The leadership theory states that the leaders
under this approach are more focused over oneself with the exchange of benefits with
subordinates & clarifies their respective duties with rewards and punishment for achieving their
respective goals. Transactional leadership style is developed by the Bass bases over hypothesis
that the employees and team members are encouraged using reward and punishment (Cho and
et.al., 2019). This theory is based over the performance of employees. In the following leaders
motivate the employees and team for increasing their efficiency and productivity by giving them
rewards and incentives. Rewards and incentives are one of the most powerful methods of
encouraging and motivating the employees of the organisation. However, all the employees are
not interested with monetary rewards they are also concerned with long term benefits and other
non monetary benefits.
Transformational Leadership
Transformational leadership refers to a leadership approach which causes change in the
social and individual systems. This approach is concerned with making positive and valuable
change in the employees with motive of developing the potential leaders in them. In the actual
meaning transformational leadership improves morale, motivation and the performance of
followers using different mechanisms. It includes aligning the goals of employees with the goals
and objectives of the organisations within which they are working. Leaders are the role model for
the employees who inspires them continuously with the work and efforts. They undertake
challenges by giving the employees with responsibilities and ownership of their work (Saravo,
Netzel and Kiesewetter, 2017). They identify the strengths and weaknesses of different
individuals and allocates these individual with the tasks and roles according their ability and
capability. Theory accounts for the needs of the employees without exploiting them with
organisational needs. It ensures that the individual goals of their team are achieved along with
goals of organisations. They motivate the internal factors of their team for increasing the
efficiency and productivity that will boost the profits of enterprise.
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