The Value Based Leadership Theory
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Collectively, the findings of the present study help to understand the
phenomena in the "black box." More specifically, the findings show, in
some detail, important relationships between chief executives' motives and
behavior and subordinates' motivation and commitment to their organization.
Having shown how the components function, it is now possible to test
linkages between leader behavior, subordinate responses, and organizational
effectiveness using longitudinal quasi experimental designs.
Implications for Specific Theories
In this section we discuss the implications of the study findings for
each of the theories that are integrated to form the Value Based Theory of
Leadership.
Achievement Motivation Theory
Achievement motivation has a more positive effect on CEMS and all leader behaviors in entrepreneurial firms than in non-entrepreneurial firms. This finding constitutes yet another confirmation of achievement motivation theory concerning the specific conditions under which achievement motivation is predicted to result in high performance.
Moral Responsibility Theory
The bivariate relationships between the moral responsibility disposition and value based leader behavior, leader fairness and CEMS, and the moderating effect of responsibility on the relationships between the power motive, and CEMS, leader charisma, and support/reward behavior all provide support for Moral Responsibility Theory. Moral responsibility motivation is clearly an important disposition that deserves further investigation and attention.
Leader Motive Profile Theory
The positive relationships between LMP and executive value based leader behavior, support/recognition behavior, and directiveness provide support for LMP Theory. These two relationships are consistent with the interpretation that because high LMP leaders have low affiliative motivation they enact social influence in an impersonal and more proactive and assertive manner than low LMP leaders.
The findings are consistent with the propositions that LMP affects
leader behavior, and leader behavior in turn has a positive effect on CEMS.
These findings suggest a re-specification of the boundary conditions for
the role of LMP in organizational functioning. Contrary to the initially
specified boundary conditions, LMP has negligible effects on leader
behavior and CEMS in non- entrepreneurial firms and positive effects in
entrepreneurial firms. These findings imply that LMP has its' major impact
on organizational outcomes through its' influence on leader behavior under
weak psychological conditions.
Path Goal Theory
As predicted by the Path-Goal Theory of Leadership (House, 1996), leader contingent recognition and supportive behaviors are predictive of CEMS, and leader directiveness is more strongly negatively related to CEMS in entrepreneurial firms. Thus Path-Goal theory is provided additional support in the present study.
CONCLUSION
The major conclusions that can be drawn from the above findings and
discussion are: 1) the value based theory of leadership successfully
integrates five prominent theories of leadership (transformational, charismatic, visionary, LMP, and path-goal theories) and assertions drawn
broadly from established psychological theories of motivation and behavior;
2) the components of the value based theory of leadership are rather
strongly and quite consistently supported, although their exact
combinations remain to be established; 3) the psychological theories
integrated within the value based theory are largely supported; 4) the
value based theory of leadership, with various kinds of
operationalizations, has rather broad generalizability; 5) the theory
supported by the U.S. presidential study holds for CEOs with respect to
effects of leader behaviors on subordinates' cognitions and affective
responses; 6) a re-specification of the boundary conditions of LMP should
be further investigated; and 7) the motives that are most appropriate for
effective leadership are contingent on the orientation of the collective
being led.
Beginning with the 1976 theory of charismatic leadership (House,
1977), a new leadership paradigm has emerged. This paradigm consists of
several theories of similar genre (House, 1977; Bass, 1985; Conger &
Kanungo; 1987; Bennis & Nanus, 1985; 1987; Sashkin, 1988) and concerns the
determinants of exceptionally effective or outstanding leadership.
According to this paradigm, value based leaders infuse organizations and
work with ideological values which are intrinsically and powerfully
motivational. Value oriented motivation is stronger, more pervasive, and
more endurable than pragmatic oriented motivation. The theories of the new
paradigm are now integrated and formalized as the Value Based Theory of
Leadership. Hopefully, this theory and the supporting research will
stimulate further leadership research and further development of leadership
and organizational behavior theory.
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