Leadership and management are two of the most critical elements when it comes to running a business successfully. I recently interviewed Mr. Frank Castle, the manager at the local bank, who provided insight on the factors, aspects, and tenets that are necessary to achieve proper guidance as well as supervision to realize a company’s corporate objectives. The following text is both research-based and reflective as it includes elements that I have learned in class and the practicality of the course concerning the interview conducted with Mr. Frank. The paper will provide information on leadership precepts, linked theories, weaknesses, and failures of leadership. Moreover, the research describes management from an original perspective and correlates the methods and business elements mentioned with course materials.
Leadership principles are regarded as the cornerstones of any organization based on how their employers treat employees and how this, in turn, improves on the performance of the organization. According to Konstanyan (2017), leadership principles revolve around character, personality and professional traits which endeavor an individual to become the best they can be in an organizational setting. Leadership is based on behavior- which entails being responsible and accountable for one's action to empower those around. Based on the interview conducted, Mr. Frank was explicit in stating that leadership is about being trustworthy. Trust means having faith in someone. From this perspective, it is clear that Mr. Frank was explaining that being a leader means people around you can share the belief in your system of management and are not wary of approaching to discuss matters. Leaders should create an environment where employees can explain how to improve on excellence and performance. The evaluation is judged based on behavior, attitude, and actions.
Regarding leadership precepts, leadership also entails being approachable, according to the interview with Mr. Castle. Being friendly means leaders or managers are quickly approached by employees in case of any issues. According to Konstanyan (2017), leadership is all about people. The focus is on communication channels, allowing people to discuss any problems pertinent without hesitation but, with the value of respect. It is clear that Mr. Frank has achieved this perception of leadership and being approachable as one of the greatest achievements in his career. It goes to show that being a leader is not only about the character but, of the mindset that ‘actions speak louder than words.'
The relevance of leadership in the current world is based on the theoretical perspective of how leadership theories intertwin with leadership actions. According to a review by Nawaz et al. (2016), leadership theories are expansive, but, adoption of the different types of leadership styles is based on a person’s personality, values and appreciation of the best leadership style from their perspective. As such, numerous theories exist that include contingency theories, style and behavior theories and transactional theories among others.
In the present paper, the transactional theory is regarded as the best correlational theory to the leader-follower style of leadership. According to Nawaz et al. (2016), transactional leadership theory is the divergence of the conventional leadership theory to a modern style where both leader and follower have veto power. As controversial as the leadership style has been, the argument interjects that it is the best type of leadership. Borrowing from the interview conducted with Mr. Castle, the subject emphasizes that the leader ought to be approachable
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