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Business Studies Notes 3
rd.
Year
Undergraduate / Graduate Level
SUBJECT:
Self-Awareness in
Leadership
Authors: (Original Study Notes and Lecture Notes prepared by Mr. K.P. Saluja (M.B.A. from Indian Institute of Management Ahmedabad), supported by Mr. K. K. Prasad (M.B.A from IGNOU Delhi) These notes are intended to be used by undergraduate students, completing Year 3 Business Degree Courses. These notes will help undergraduates and graduates complete case studies, coursework assignments and pass exams in Business Studies and Economics.
TABLE OF CONTENTS
(1) Self-Awareness in Leadership-Introduction (2) Importance of self-awareness in leadership (3) Characteristics of self-awareness in leadership (4) Steps to improve self-awareness in leadership (5) How to apply leadership theories (6) Six main leadership theories (7) Importance of leadership
Self-Awareness in Leadership-Introduction
Mindfulness in authority is a significant quality that can assist you with better comprehension how your activities impact the mentalities and efficiency of your workers. Knowing how to develop mindfulness is one way you can pursue turning into a viable pioneer and cultivating a positive work environment. In this article, we talk about mindfulness in administration and the primary qualities epitomized by mindful pioneers, and we offer seven techniques to assist you with working on mindfulness in your leadership. Self-awareness in leadership is a comprehension of how your character attributes, propensities and capacities influence your associations with individuals around you, especially in the working environment. Pioneers who are self-aware actively reflect how others see their words and activities and work to change their methodologies so they can lead their friends all the more really. Mindfulness prompts individual control and development that assists chiefs with utilizing their assets to direct groups to the most ideal results.
Empathetic: Understanding the needs of others helps self-aware leaders relate to those they lead. Perceptive: Anticipating the outcome of a situation is another important trait of self-aware leadership. Responsive: Leaders who are self-aware employ active listening. They can adapt based on the reaction of others. Self-controlled: Leaders who are self-aware have the ability to manage their own words and actions. Discerning: Self-awareness comes from making wise choices about how you can handle a situation. Adaptable: Self-aware leaders assess a situation and respond by changing their behaviours.
Steps to improve self-awareness in leadership
Consider these strategies to help you improve your level of self-awareness in your leadership style:
1. Know yourself Since you're the only constant in changing working environment conditions, knowing your own assets and weaknesses can be useful. The continuous course of self-reflection abilities self-awareness. The capacity to appreciate anyone on a deeper level, which is the capacity to perceive feelings in yourself and in others, likewise impacts your self-awareness. Realizing yourself additionally implies deciding your interior norm of good and bad. Your convictions and ways of behaving assist with deciding this norm.
2. Identify how other people react to you One way you can survey what your activities mean for others in the working environment is by noticing or thinking about how they respond to you. Distinguish what variables make them answer with a specific goal in mind. This assists you with grasping your effect on others. 3. Gather feedback from trusted contacts While it can be challenging separate your personal bias as you assess yourself, asking others to give input is one way to gain a broader picture of who you are and how you relate to others. Self-aware leaders may ask friends, family and co-workers they trust to give insight about specific traits as they seek to better themselves. 4. Find ways you can show more empathy Taking into account the sensations of others as you convey and settle on choices is one more method for acting mindful as a pioneer. Focusing on the feelings of those you lead can assist with directing your choices and connections as a mindful pioneer. Be aware of others' non-verbal communication while you talk with them to acquire knowledge into their feelings. 5. Be perceptive about your traits Be aware of your conditions so you know when to involve a specific characteristic in a given circumstance. Influence your assets to accomplish positive outcomes. Acting in mindfulness implies assessing whether you're settling on the ideal decisions to meet your objectives and advance the objectives of others. You can likewise intend to fabricate your capacity to understand people on a deeper level. Utilize online apparatuses and books to figure out how to be kind of the feelings of your partners. Figure out how to boost your reflection to more readily grasp yourself and everyone around you.
Personality traits Actions Environment Situation Decision-making processes How input is received How relationships are maintained Leadership style is the manner in which a pioneer approaches managing team members. These styles were officially evolved because of concentrates on initiative hypothesis, and each style incorporates particular characteristics. Normal initiative styles include: Coach: Recognizes strengths and weaknesses, helps people set goals and provides a lot of feedback. Visionary: Manages through inspiration and confidence. Servant: Focuses on helping team members feel fulfilled. Autocratic or authoritarian: Makes decisions with little or no input from others. Laissez-faire or hands-off: Delegates tasks and provides little supervision. Democratic: Considers the opinions of others before making a decision. Pacesetter: Sets high standards and focuses on performance. Bureaucratic: Follows a strict hierarchy and expects team members to follow procedure.
Six main leadership theories
Great man theory The great man theory of initiative expresses that extraordinary pioneers are brought into the world with all the perfect character attributes like insight, fortitude, certainty, instinct and appeal. A well-known idea in the 19th century, this hypothesis declares that you can't foster initiative capacities — you either have them or you don't. Rivals of this hypothesis guarantee it's ridiculous in its fundamental suspicion. Trait theory The trait theory of leadership states that certain natural qualities tend to create good leaders. Having such qualities, however, does not necessarily mean someone has strong leadership skills. Some leaders may be good listeners or communicators, but not every listener or communicator makes a good leader. Behavioural theory The behavioural theory of leadership focuses on how a person’s environment, not natural abilities, forms him or her into a leader. One of the key concepts is conditioning. It asserts that a person will be more likely to act or lead in a certain style as a result of environmental responses to behavior. The theory states that anyone can be a leader if they behave the way other leaders do. Transactional or management theory The transactional theory of leadership, also called "management theory," states that leadership is a system of rewards and penalties. It views effective leadership as results-focused and hierarchical. Transactional leaders prioritize order and structure over creativity by rewarding someone who meets a goal and penalizing someone who doesn’t. Transformational or relationship theory
to direct the energy of the members for more effectiveness. Here are the reasons your team needs a leader Effective leadership Individuals have a characteristic demeanour to follow a pioneer. No matter what your degree of information and involvement with a specific field, you can accomplish more on the off chance that there is a more significant position you report to. This is on the grounds that a pioneer gives direction and assists you with limiting potential dangers that can influence your efficiency. A pioneer doesn't need to be a senior partner, yet they can in any case work on your odds of coming out on top through compelling mentorship, responsibility and designation of obligations. Purpose Pioneers have a more clear comprehension of the group's motivation and how it should make it a reality. Powerful initiative aides as well as recognizes, comprehends and imparts the association's vision to rouse others to help them to accomplish targets. During the planning and execution of a venture, the pioneer guarantees each colleague grasps their jobs and gives an empowering environment to assist them with performing at their best. Promote values Team leaders can urge others to take up fundamental qualities crucial for the association's prosperity. In the event that you are upstanding, fair, reliable and act as a decent good example to your colleagues, they will copy your way of behaving. Values, for example, responsibility and assuming liability when things turn out badly can likewise make the association a superior spot for employees and clients. Promote creativity
Team leaders can also foster an atmosphere of creativity in an organization. While leaders help others see the vision of the business, they can also provide more flexibility on how employees do their work. This can help produce new insights on how to perform tasks, make decisions and deliver on projects, improving efficiency and productivity. Importance of leadership Leadership is important for the success of an organization because it provides guidance, purpose and helps others understand the long-term strategies and goals of a business. Here are 11 reasons to value effective leadership:
1. Vision Successful leadership creates a clear vision of what the organization can achieve. Leaders provide a roadmap outlining the steps and resources their company needs to arrive at the preferred destination. 2. Communication Leaders help to communicate the vision and mission of the firm to employees. This provides direction and helps everybody identify the roles that best fit skills and experiences. Through clear communication, leaders encourage their subordinates to act for the actualization of objectives. 3. Decision Making Decision making is one of the top leadership skills. Successful leadership takes the best decision for the organization in all situations. Leaders are experts at taking the right decisions based on the prevailing circumstances. They weigh their organization's strengths and weaknesses to ensure their choices put them at an advantage now and in the future. 4. Passion
9. Morale Leadership boosts staff morale by winning their trust. It assures employees of the leader's confidence in their abilities to deliver on the vision and mission of the organization. High morale among employees reduces distraction and motivates them to devote their energies to achieve organizational goals. 10. Growth The best leaders create an environment where others can grow. They are open to new ideas and methods of achieving results and are flexible enough to admit their mistakes. Successful leaders encourage subordinates to provide inputs on how to improve work processes and reward excellence to increase creativity and loyalty. 11. Coordination Effective leadership balances personal interests with organizational objectives. Leaders know that employees have personal reasons for working with their company. They create an environment where the organization can achieve its goals without sacrificing employee satisfaction.
References
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