Ch #3: 21st Century Thinking

Leadership and Management - New Concepts

Strength-Based Leadership - Definition

• Focus on development or empowerment of strengths

  • Opposed to focusing on weakness or areas of needed growth

• Followers will want trust, compassion, stability, and hope from their leader

Appreciative Leadership - Definition

• Focus on recognizing strengths in others and using relational processes and methods to build upon these strengths

  • Work collectively to make things happen

  • Recognize potential in others and help them accomplish more

Jim Collins’ Level 5 Leadership - Definition

• Need to show all 5 levels!

  • #1) Highly capable individual

  • #2) Contributing team member

  • #3) Competent manager

  • #4) Effective leader

  • #5 Executive

Servant Leadership - Definition

• Prioritize serving others as #1 → Includes employees, customers, and community

• Promote collaboration, teamwork, and collective activism

• Empower others to be leaders

  • Increases collaboration, retention, and satisfaction

Principal Agent Theory - Definition

• Not all followers (agents) are inherently motivated to act in best interest of the leader or employer (principal)

• Advantage and own preferences may cause deviation from leader’s preferences

• Principal must ID and provide agents with appropriate incentives to act in the organization’s best interest

Human and Social Capital Theory - Definition

• Human Capital = Economic value of a workers abilities and output

  • Investing in professional development is a future payoff for company

• Social Capital = What a group can accomplish together via social relationships and networks

  • Built as companies encourage workers to view workplace as community where feel accepted and appreciated

Emotional Intelligence - Definition

• Ability to understand and control one’s own emotions as well as those of others

• Made up of 5 main components

  • Self-awareness

  • Self-regulation

  • Motivation

  • Empathy

  • Social skills

Authentic Leadership - Definition

• To lead a person must be true to self including values and act accordingly → Hold team and self accountable

• Characteristics include purpose, values, heart, relationships, and self discipline

Thought Leadership - Definition

• Any situation an individual convinces another to consider a new idea, product, or way of looking at things

• Attract followers by their risk-taking and vision to be innovative

• Ideas are future-oriented and problem-oriented

Rebel Leadership - Definition

• Becoming a Thought Leader through breaking the rules

Agile Leadership - Definition

• Can think in many ways

• Fast, flexible, and adaptable in decision making

• Open to ideas and innovation

• Passionate for learning with desire to develop and inspire others

• Strong communication skills

• Agent for change

Quantum Leadership - Definition

• Leaders work together with subordinates

  • Want to identify common goals, exploit opportunities, and empower staff to make decisions for organizational productivity to occur