Core ideas and Concepts of Leadership Essay Example | Topics and Well Written Essays - 2000 words

Core ideas and Concepts of Leadership - Essay Example In another sense, leadership might be seen as some kind of exertion of power by the leader over his or her followers. Nozick (2010) defines philosophy as an attempt to define components of society in relation to the framework within which people in a given culture or circumstance act and/behave. Leadership is a human and cultural activity and as such, it contains inherent elements of philosophy. Leadership can be viewed and defined according to several standards and facades. Leadership can be viewed as â€Å"a complex social process, rooted in the values, skills, knowledge and ways of thinking of both leaders and followers† (Gallos, 2008). This definition spells out several variables in the definition of the concept of leadership. Leadership can be defined from the angle of the leader. It can also be defined by the relationship between leader and follower. It can also be viewed from the angle of the social processes and actions that are involved in the entire process of leader ship. More importantly, leadership can be defined from the transactional events that give rise to the concept of leadership. In the definition of leadership, a transactional event is seen as â€Å"any relevant activity in which a group or groups of people need to be directed or influenced in a way to attain a stated objective† (Jansen, 2010 p17). ... This is because in the strict sense, transactional events seem to put leaders in a position whereby they see their followers as a means to an end. Keith Grint identifies that there is no single form of leadership (2002). This confirms the fact that transactional leadership cannot be the only form of leadership. He states that there are four main types of leadership. The broad classifications include, personality, process, authority and situational contexts. Although transactional events are important in these four phenomena, they are not the only forms of leadership that exists. Transactional Events and Leadership In the wider sense, Bass defines transactional leadership as a â€Å"model for the analyses of types of leadership based on theories that focus on the interactions between leaders and followers† (1997). In other words, transactional-event model of examining leadership involves viewing leadership from an angle whereby a formal relationship exists between two parties i n which one is to act as a leader and other is to act as subordinate (Stevenson, 2004). Bass goes on to state that transactional events occur where there is a shared network and within the shared network, one person has the power to exert influence over others (1997). This implies that transactional leadership flourishes in a situation or context where there are authority structures and systems. Transactional-Event, Leadership and Authority Weber identifies three main sources of authority which puts a person in a leadership position in a transactional event (Walonick, 1993). Stated differently, leadership positions in transactional events or transactional leadership

What is Economics Issues Affecting The Economy As A Whole Essay

What is Economics Issues Affecting The Economy As A Whole - Essay Example The second part of economics deals with the problems rising in the global arena. Humans have unlimited wants but there are limited resources to produce it and when we say resources this is basically referred as the four factors of productions that are used in producing wants. Human race is like an ever hungry beast whose wants are unlimited but there are limited resources to produce it. This issue is referred as scarcity because these resources like oil, mineral, gases take millions of years to form and human beings consume it with a century. (McConnell, 2011) We all know that every human possess some basic needs and beyond these needs there are wants that is only demanded to gain pleasure or to derive satisfaction. Humans have no end to their wants but due to limited income we are forced to make choices as we cannot have whatever we want so we have to select the things we can afford and make sure that the thing we have selected gives us most benefit. When a choice is made one thing is given up in order to obtain what we have selected. The next best alternative that we gave up in order to obtain what we have selected is called opportunity cost. For example between a bike and an I-Phone 5 an individual chooses a bike in this case the I-Phone 5 is the opportunity cost. The concepts in economics can be factual or value based. Objective and fact based information is referred as Positive Economics while value based and subjective information is related to the Normative Economics. Positive economics could be tested and proved or disapproved while the Normative Economics are opinion based. (McConnell, 2011) Macroeconomics and Microeconomics Before we go into further analysis it is very important to dis cuss about the two major branches of economics and that is differentiating between Microeconomics and Macroeconomics. These two branches have many basic common ideas and methods in common, the difference lies in the level to which they are studied and the way they are perceived. Microeconomics focuses on individual consumers, workers and firms each of which is too small to have an impact on the national economy. Macroeconomics avoids this distinction among many different kinds of goods, firms and markets that exist in the economy and instead focus on aggregate. For example, in their analysis macroeconomists do not care whether consumers are buying VCRs or DVD players, beef or chicken, Pepsi or Coke. It focuses on summing up individual variables to obtain economic wide totals called aggregation. (McConnell, 2011) Issues affecting the economy as a whole Studying about the structure of the economy is a part of Macroeconomics that studies the performance of the national economy and help s in designing policies that government use to influence the economy. (McConnell, 2011) There are certain issues that affect the economy and the main ones are: Business Cycle Growth in an economy is never smooth, it