Leadership Styles and Theories : Assignment

Running head: INTRODUCTION TO MANAGEMENT
Introduction to Management: The Inconspicuous Carlos Slim
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INTRODUCTION TO MANAGEMENT
Executive summary
This report tries to analyze and reflect on various theories related to leadership styles,
motivation, need and power in organizational structure. The report explores the various theories
in order to understand the leadership styles and success of Mexican business tycoon Carlos Slim
Helu. The first part of the report explores the corporate social responsibilities and defines how
philanthropy is different from CSR and ethics is a significant part f it. Carlos Slim gives
immense importance to corporate philanthropy as it ensures sustainable reputation, controlled
market and customer efficiency. In depth analysis of various theories and the business practice of
Carlos Slim Helu reveals that he does not stick to any specific theories or rules; he combines
various methods or applies different methods in different situations that ensures his never ending
success.

INTRODUCTION TO MANAGEMENT
Table of Contents
Introduction......................................................................................................................................4
Corporate Social Responsibilities (CSR).........................................................................................4
Philanthropy.....................................................................................................................................4
Ethical practice................................................................................................................................5
The personal philanthropy of Carlos Slim been a support to his business interests........................5
Leadership styles and theories.........................................................................................................6
Traditional leadership styles........................................................................................................6
New leadership styles..................................................................................................................6
Transactional leadership style..................................................................................................7
Transformational leadership style............................................................................................7
Theories of leadership......................................................................................................................7
The leadership approach of Carlos Slim Helu.............................................................................8
Motivation Theories.........................................................................................................................9
Maslow’s Need Hierarchy...........................................................................................................9
McClelland’s need theory..........................................................................................................10
Process theories of motivation...................................................................................................10
Reinforcement theories..............................................................................................................11
Motivation under the leadership of Carlos Slim............................................................................11
Power.............................................................................................................................................12

INTRODUCTION TO MANAGEMENT
Sources of organizational power...................................................................................................12
Legitimate power.......................................................................................................................12
Reward Power............................................................................................................................12
Coercive power..........................................................................................................................13
Sources of Personal power.............................................................................................................13
Expert Power.............................................................................................................................13
Referent Power..........................................................................................................................13
Power of Carlos Slim.....................................................................................................................13
Conclusion.....................................................................................................................................14
Reference.......................................................................................................................................15