Principles of Leadership

This document discusses the principles of leadership and explores the theories behind it. It focuses on the leadership styles and qualities of successful leaders, using Elon Musk as an example. The document also highlights the impact of leadership on business performance.

Principles of Leadership

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
CONCLUSION................................................................................................................................4
REFERENCES ...............................................................................................................................5

INTRODUCTION
The term leadership is defined as an art of inspiring individuals or group of persons in
order to accomplish common goals and objectives as this helps them to meet the requirement of
customers needs and demand. They manage and control their workers to make strategy and plans
in accordance to develop profitability and performance of business (Bell and Harrison, 2018).
Leaders requires various skills such as communication, creativity, motivation and many more
which they needed to perform their roles. A strong leader is one who engage in open
communication, linked with team members, encourage them to professional and personal growth
in order to keep positive behaviour in workplace. They set clear workers goals and expectations
in order to increase performance. Elon Musk is considered in this report as he is successful
leader. The business career of Musk are Tesla, SpaceX and PayPal. This report covers concept of
leadership and its theories.
MAIN BODY
Leader is a person who is essential for the growth and success of team. This report covers
the real life situation of Elon Musk as he is great leader as well as entrepreneur. He is the founder
of SpaceX, Tesla Motors and The Boring Company. Elon Musk successful leader because he has
best features such as motivation and hard work. He as many leadership qualities such as
entrepreneurial spirit, strategic direction and passion of innovation to launch new products or
services to attract customers in marketplace. He is a confident person which manage and operate
their business with togetherness and handle the failure as feedback (Bush, Bell and Middlewood,
2019). Musk invest millions in his organisation and sometimes he did not have much amount to
pay his rent. Thus, this prove that he is a trustworthy leader which helps them to handle each
circumstances by take those challenges while establishing their enterprises. It implements the
values and vision and helps them to ensure that they communicate effectively which lead to
motivate employees and boost morale. In addition to this, it implement the leadership style to
retain their staff members and increase employee engagement. Leadership theories is the
framework which states about the purpose to become successful leader. This is theories which
highlights the attitudes as well as behaviour of people by which they improve and develop their
skills and knowledge of leaders. There are various theories of leadership which are mentioned
below:
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Great man theory: It is the theory which suggests that the leaders are born rather than
made. This explains that they have ability of leading such as confident and communication skills.
In this type of theory individuals are born as strong leader to develop their performance in their
business venture. This is important as individuals work together to attain common goals in their
workplace. It emphasis that there behaviour are necessary which helps them to conduct their
roles and responsibility of their power as well as authority (Eacott, 2018).
Contingency theory: It consists of effective leadership such as circumstances, traits and
behaviour. This theory suggests that it does not depend on leadership quality as they focus on
balancing between needs and demand of members. It is based on the styles which helps to
identify and analyse which specific style of leadership is best for particular situations. Successful
leaders are able to understand the demand of their team members, assist them to handle all the
situations as well as modify and implement their attitude accordingly. Success is based on the
style and quality of the leadership. In this type of theory the people can be effective as well as
ineffective leader based on the specific situation. It is essential because this is the way
management react to particular circumstances and it gives advantage to them.
Situational theory: This refers to the leadership which is based on the situation arises in
company. In accordance with that they make an appropriate decisions and respond accordingly.
To respond it comprises of coaching, participating as well as delegating as this helps to remain
flexible in every situations. When the leader is experienced and talented then appropriate style of
leadership is best as well as effective. The crucial of this leadership is that it manage and operate
with their team members when they have given any activities. They are able to understand the
behaviour of people and identify the things which is in the mind of their employees (Iukhno,
2020).
Transformational Theory: This theory signifies the relationship between leaders and
members. It comprise those leaders who is motivational as well as charismatic which helps them
to motivate them to perform their activities effectively and efficiently in order to attain common
goals. They are inspired by their skills to show that they are efficient to complete their tasks on
time and doing better work for the achievement. In this type of leadership theory, the leaders not
focus on the performance of their team members or individuals but they inspire them to reach
organisational goals and objectives and helps company to remain in a competitive market.
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Transactional Theory: It is the process and approach of punishment and reward. This is
an effective leadership theory which focuses on the result and performance of the individuals.
This method turn around the character of company, team building and supervision as well as
inspiration. This gives them penalties of not doing great work as well as they can give reward
due to their effective job performance to motivate employees to reach the possible outcomes.
They build strong relationship with workers and leaders to meet the requirement of needs and
demand (Jambawo, 2018). This is important as they analyse and observe their followers to
impose the process, procedure, success of reward and can punish for non performing of their
work. They focus on the maintaining the expectations and their roles accordingly.
Elon Musk is the great examples of great leader as he has make successful projects and
design such as Tesla Motors, Space X and Hyperloop. Musk is a transformation leader as it states
that implement and update something in employees as well as organisation. It create beneficial
and better work environment for their workers in the workplace in order to accomplish objectives
of followers and transform them into successful leaders. Thus, it boost the performance,
inspiration and confidence of individuals using different methods. Musk motivate them to
perform in decision making process and share their opinions and ideas for the development of
business (MacBeath and et.al., 2018). However, vision of leader is to plan the strategy for the
long term survival and growth of enterprise along with business operation in order to maximize
productivity. In addition to this, to motivate and inspire within the organisation are the essential
element for the success of leadership of Elon Musk and strategies by which they increase
profitability and performance. For example, when Musk started the develop of Tesla Motors they
had faced many challenges in producing and advertising in market place. Musk has taken many
steps which motivate himself and their staff members (Mehregany and Wnek, 2019). He work
very hard to boost productivity as Musk make efforts for the development and perform better
work for 100 hours per week. He inspired his team as he believe on compelling objectives and
goals for organisation and he focus on performing their work in an appropriate way. Musk as a
transformational leader update and implement the changes which is required in their business
over a period of time. As he has many ideas to connect his team member to reach the outcomes
and helps to fulfil the vision of company (Pearson, 2020).
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CONCLUSION
A good leader emphasis on clear vision, brave, unity, integrity and have main focus on
their mission so that they fulfil all the requirements of them and helps them to reach their goals.
Motivating workers is one of the essential factor of qualities as it helps them to focus on
achievement of business. Elon Musk is the great and inspiring leader who impressed their
employees as well as all over the world with his self confidence and motivation from his new
ideas to innovate new products or services. Elon Musk is a transformational leader as he
emphasized on Tesla Motors as he has dedication to do that work and achieve the vision of them.
However, the motivation of employees to meet the expectations of business venture. Effective
leader collaborate and coordinate with the members in order to focus on common purpose and
perform their activities to attain common goals. They motivate and helps them to focus on
satisfying them to target their customers into the market.
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REFERENCES
Books and Journal
Bell, J. and Harrison, B. T. eds., 2018. Vision and values in managing education: Successful
leadership principles and practice. Routledge.
Bush, T., Bell, L. and Middlewood, D. eds., 2019. Principles of educational leadership &
management. Sage.
Eacott, S., 2018. Beyond “Leadership”. In Beyond Leadership (pp. 95-111). Springer, Singapore.
Iukhno, N. V., 2020. The essence of teaching on the principles of leadership (Doctoral
dissertation).
Jambawo, S., 2018. Transformational leadership and ethical leadership: their significance in the
mental healthcare system. British Journal of Nursing 27(17). pp.998-1001.
MacBeath, J. and et.al., 2018. Strengthening the connections between leadership and learning:
Challenges to policy, school and classroom practice. Routledge.
Mehregany, M. and Wnek, G. E., 2019. PRINCIPLES TO GUIDE LEADERSHIP
TRAINING. ASEE Prism. 28(8). pp.68-68.
Pearson, M. M., 2020. Transformational leadership principles and tactics for the nurse executive
to shift nursing culture. JONA: The Journal of Nursing Administration. 50(3). pp.142-
151.
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