It as a concept has fascinated numerous thinkers and management gurus over the years. Given the increasing amount of merger activity, any insights that promote a greater understanding of leadership practices that enhance merger success would be welcomed by organizations. Starting from the early leadership theories of trait and behavior, to the later ones of transformational and distributed leadership concepts, almost every aspect has been touched upon in management literature. This isprobably the first academic theoryof leadership. A dynamic theory of leadership development abstract purpose the paper offers a dynamic theory of leadership development.
Management and leadership are both involved in creating networks or relationships in order to facilitate the taking of action. The consistently high rate of merger failure is a concern given the increasing number and magnitude of mergers that shape todays industries. Overview and identification of main problems in people management context d i s s e r t a t i o n of the university of st. Change, leadership and changeoriented leadership theories.
Little that managers at all levels in an organization do falls outside the purview of the five management functions. Designmethodologyapproach the paper examines selected leadership literature through the lens of theory building blocks. Everybody wanted freedom but there was no unity and which made the british successful in ruling our country. Creating a conceptual framework for management implications and research volume 21 issue 2 robert j. Change, leadership and changeoriented leadership theories in. Even the history is full of examples of good leaders and great men and women. Leadership theories and attempting to explain and define leadership concepts have abounded. One around the turn of the twentieth century, the second peaking in 1929 the third in the latter half. In general, these theories state that leadership effective ness is maximized when leaders correctly make their behavior contingent on certain situational and fol. Leadership theories free ebook in pdf, kindle and epub format.
The elusive art of postmerger leadership mergers that appear to be successful in the short term often destroy value later on. Understanding leadership theories and concepts crawford, chris on. To sissaye 2001, the situational theory came to replace both the functional and the trait theories of leadership. This high failure rate was on the minds of keybank chairman and ceo beth mooney, president chris gorman, who was charged with leading the overall merger integration process, the entire executive team, and the board of directors of key from the moment they contemplated its merger acquisition of first niagara financial group in 2015. This is why a number of leadership scholars think the process theory of leadership is a more accurate than the trait theory of leadership. Introduction to mergers and acquisitions 5 a horizontal merger horizontal mergers occur when two companies sell similar products to the same markets. Becoming an effective strategic leader involves developing your skills and knowledge to cope with competition and respond quickly to opportunities. The first two explain the leadership development for a small number of people. So what are some of the core concepts of leadership that we need to be working on ourselves as well as sharing with that next generation of.
Merger and acquisition activity in the united states has typically run in cycles, with peaks coinciding with periods of strong business growth. This high failure rate was on the minds of keybank chairman and ceo beth mooney, president chris gorman, who was charged with leading the overall mergerintegration process, the entire executive team, and the board of directors of key from the moment they contemplated its mergeracquisition of first niagara financial group in 2015. We use cookies to offer you a better experience, personalize content, tailor advertising, provide social media features, and better understand the use of our services. While earlier thinkers believed that it was based on certain inborn characteristics in people and that. The extant literature of post merger leadership identified a menu of leader competencies which were deemed important and were perceived to have a favorable influence on merger success. Foundations of leadership summary chart of leadership perspectivestheoriesmodels v. Post merger integration leader and acquisition success.
The extant literature of postmerger leadership identified a menu of leader competencies which were deemed important and were perceived to have a favorable influence on merger success. Situational theories presume that leadership style is relatively flexible, and. Philosophers, political scientists, and psychologists have. Acquisition and merger process through the eyes of employees. These theories which construct the pillars of general theory of change encompass lifecycle, teleological, dialectical, and. You can use these as inspiration and a potential toolkit from which you can develop your own leadership style based on your own personality, the task at hand and the team that you are leading. Pathgoal theory extending an initial formulation by evans 15, house and his associates propose a pathgoal theory of leadership 52, 55, 57. Aug 02, 2015 this is because while traits may have an impressive stability over a period of time, they have little consistency across situations mischel, 1968. The goal of a horizontal merger is to create a new, larger organization with more market share. May 04, 2015 5 core concepts of leadership published on may 4. Most theories of educational leadership refer to the type of leader or style of leader based on essential elements such as capabilities, practices, and approaches.
Key elements of leadership integration in a mergeracquisition. So what are some of the core concepts of leadership that we need to be working on ourselves. The second element is the designed integration which is the scope, intensity and degree of the integration and should be driven by elementary business case for the merger or acquisition which defines integration process. While the general breadth of the topic postmerger integration is quite large, this study is focused more narrowly on the postmerger integration leadership. Changing theories of leadership and leadership development.
Cultural integration has been cited as a main but oftenthe consistently high rate of merger failure is a concern given the increasing number and magnitude of mergers that shape todays industries. Overview and identification of main problems in people. You can use these as inspiration and a potential toolkit from which you can develop your own. Leadershipthe ability to influence agroup toward theachievement of goals. Ankara university, turkey abstract complex systems are social networks composed of interactive employees interconnected through collaborative, dynamic ties such as shared goals, perspectives and needs. It is founded on the contingency theory of social organization. Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more organized and logical meaning leadership is a process whereby an individual influences a group of individuals to achieve a common goal. Bass theory of leadership states that there are three basic ways to explain how people become leaders stogdill, 1989. A kaleidoscopic range of thoughts and theories on leadership exist. Chapter 4 leadership theories and models leader, from. Strategic leaders also influence subordinates to recognize and take actions that enable the companys longterm. Some personality traits may lead people naturally into leadership roles. Ohio state model fiedlers contingency theory university of michigan studies path goal theory all of the above.
One of the most intriguing expressions of human behavior is the leaderfollower phenomenon. Based on lifecycle theory, change progresses in a linear style and every stage of this process needs to be completed in order to form a stage for the next step to occur. This article throws light upon the top three categories of leadership theories. The third is the differential leadership because leadership is very vital and different leaders have different roles.
Mergers have been known to create extreme upheaval in organizations. Situational and contingency theories of leadership. In addition, the concepts of quantitative and qualitative dimensions of time must be considered huy, 2001. Advances in mergers and acquisitions advances in mergers and acquisitions, volume emerald group. Introduction to management and leadership concepts. Managementuse of authority inherentin designated formal rankto obtain compliance fromorganizational members. Pdf theory and practice of mergers and acquisitions.
Pdf the role of leadership in successful international. Youll discover the theories and concepts that underpin mergers and acquisitions, and learn the skills involved in executing transactions, from a deals inception to postmerger integration. Leadership theories and the concept of work engagement. Strong leadership can disrupt order and efficiency and too strong a focus on management can discourage risktaking and innovation.
Introduction in 1998, two of the worlds most prominent automobile manufacturers daimlerbenz and chrysler corporation announced the two companies were to merge damiler, chrysler and the failed merger management case study. Access the whitepaper now to give your leadership skills an extra boost. Basic approaches to leadership baskent universitesi. Hamilton in sissaye postulates that the core of this theory is the argument that the nature of the job determines the emergence of the leader. Pdf changing theories of leadership and leadership development. There is a list of suggested reading page 4 to help you learn more about the theories that appeal to you. Paulina junni, riikka mirja sarala 2014, the role of leadership in mergers and acquisitions. Management theorists and practitioners may chose one or two of the five functions as most important, but this is not borne out normatively. Nissan merger was successful and the daimlerchrysler. However, the two processes have some incompatible elements. Fielders contingency theory is the only one that says a leaders style is fixed and cannot be trained. Hamilton in sissaye postulates that the core of this theory is the argument that the nature of.
The importance of leadership and culture in mergers 6 the importance of leadership and culture in mergers i. Introduction to management and leadership concepts, principles, and practices ing. Leadership concepts and theories sage publications. Gallen, school of management, economics, law, social sciences and international affairs to obtain the title of doctor of philosophy in management submitted by nella foley from poland. Strategic leaders also influence subordinates to recognize and. Being a leader defining leadership global leadership attributes practicing leadership 1. The importance of leadership and culture in mergers. Trait theory tries to describe thetypes of behavior and personalitytendencies associated witheffective leadership. These theories which construct the pillars of general theory of change encompass lifecycle, teleological, dialectical, and evolutionary theories. In general, these theories state that leadership effective ness is maximized when leaders correctly make their behavior contingent on certain situational and fol lowercharacteristics.
In this whitepaper, we explain 10 theories and concepts of successful leadership and management, which should provide inspiration for new approaches which you can integrate into your current working life. At that time mahatma gandhi arrived from south africa. Company x is a multimedia house known for its magazine brands. The third position, an operant conditioning model of leadership, has its roots in learning theory and is only indirectly related to previous leadership research. This study is a case study about acquisition and merger process, which took place in february 2014, when company x name changed bought three magazines and 42 employees were transferred from company y name changed. They examine several dif ferent contingency theories, including the situational model, contingency model, and pathgoal theory. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Some important theories of leadership under this category are. Click the pdf icon below to download the ebook from the online library. Book description isbn 9781626207784 48 pages this ebook describes the ten most popular contemporary leadership theories. Situational theories presume that leadership style is relatively flexible, and indeed flexible enough for a leader to move. Summary chart of leadership perspectivestheoriesmodels. Change, leadership and changeoriented leadership theories in higher education.