Leadership Analysis: Carlos Slim's Business Success Factors

This case study examines the leadership styles employed by Carlos Slim, focusing on task-oriented, transformational, and people-oriented approaches. It highlights how Slim's leadership contributed to his business success, emphasizing the importance of each style in achieving organizational goals. The analysis includes an executive summary and references relevant literature supporting the discussion of leadership principles and their application in the case of Carlos Slim. The task-oriented style ensures that tasks are completed on time, while transformational leadership inspires and motivates employees. The people-oriented style focuses on employee relationships and contributions. The document provides a comprehensive overview of Slim's leadership strategies and their impact on his business ventures. The case study underscores the significance of adapting leadership styles to drive business growth and achieve remarkable outcomes.

Case study

Table of Contents
QUESTION :...................................................................................................................................1
1. The leadership style associated with Carlos Slim...................................................................1
2. Executive Summary................................................................................................................2
REFERENCES ...............................................................................................................................3

QUESTION :
1. The leadership style associated with Carlos Slim
In the case study given,the leaders can help the group to do right things. They can give
direction to the team. The success story of Slim is hugely dependent up[on the leadership style
that Slim adopts as a basis for influencing those around him who can deliver business success.
That includes not just industry partners and members of the wider business community but also
these in decision-making positions at governmental level whose patronage he needs to ensure
that factors such as regulation are structured favourably for his companies. Those includes not
The given case study make use of task-oriented ,people-oriented and transformational leadership
style so as to lead the group in the right direction. A good leader can be an asset for the business.
In the task-oriented leadership that is is used by Slim in the case study in order to ensure that
tasks are done in order to achieve the objectives of the organization. In the task-oriented
leadership,the leaders pay less attention to the idea of catering to employees and more focus is on
finding the solution that will help to meet the particular goals (Ferrari, 2017). The work roles
and responsibility,time schedule etc are planned and progress is monitored within the team. This
leadership style make sure that decline are met and task are completed within those
deadlined .This style is important for those employees who are not bale to mange their work
properly (Task-oriented Leadership , 2017). The punishment is given to workers and staff if the
task is not done as per the schedule.
The second leadership style that is used by Slim is trans-formal leadership. With the help of this
leadership style,people are inspired and motivated to achieve the unexpected and remarkable
outputs. Over a specific job an autonomy is given to workers and also the employees can make
decisions once they are drilled. In order to discover better ways to achieve goals a leader can
inspire workers,this is one of the characteristic of transformational leadership. The
transformational leaders works to change the system. The capability and capacity of the team is
maximized under this leadership style (Prabhakar and Yaseen, 2016).
The people-oriented leadership is also used in the case study. The people-oriented
leadership will energize and appreciate the employees fro the work they do. In this style the
focus is on relationship of employees and the efforts are made to make people realize that they
are essential for the success of the company (Anderson and Sun, 2017). The ideas from every
member of the team is stimulated through brainstorming activities and collaboration. In this
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emphasis is given to the work culture. The team-building exercises are conducted in order to
motivate and encourage the employees for their work .As the workers wants to come to work
each day so productivity will increase. The more power is given to employees and feedback is
taken from them to check whether they are happy or not with the decisions that are made by the
company. In this case study, the success of the Slim companies is attributed to his leadership
style. The hint for the leadership style of Slim can be get from management principles. As per
these management principles,Slim tries to solve the problem in business with the creative mind.
The employees that are working can also initiate expansion and growth of business.
2. Executive Summary
Carlos Slim was the richest man. The one important traits that have lead him to this
success is modesty .In order top expand his business various leadership styles was used by him.
The task-oriented styles ensures that proper schedules,plans and deadline are made for particular
task. In transformation style the remarkable results are produced. The employees are encouraged
to bring a change in the organization by making use of creative and innovative ideas. The
people-oriented style is used in order to make sue that employees participate in the decision-
making. The employees are an important asset for the company and they play an very important
role in the success of organization.
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REFERENCES
Books and journals
Anderson, M.H. and Sun, P.Y., 2017. Reviewing leadership styles: Overlaps and the need for a
new ‘full‐range’theory. International Journal of Management Reviews. 19(1), pp.76-96.
Ferrari, J.R., 2017. Called and formed: Personality dimensions and leadership styles among
Catholic deacons and men in formation. Pastoral Psychology. 66(2), pp.225-237.
Prabhakar, G.V. and Yaseen, A., 2016. Decision-making styles and leadership: evidences from
the UAE. International Journal of Management Development. 1(4), pp.287-306.
Online
Task-oriented Leadership . 2017. [Online]. Available through:
<http://smallbusiness.chron.com/strengths-weaknesses-taskoriented-leadership-style-
37835.html/>. [Accessed on 28th September 2017].
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