The ability to guide and influence a group of people towards a particular vision is known as leadership. In every business, effective leadership and strong commitment helps the organizations to succeed. It is important to have good leaders who can lead the members of the organization towards the right direction. Every leader should be professional in their work and must possess ethics to motivate the teams of the organization to achieve the goals. Demonstration of good leadership skills can motivate the members to work as team. The learner has taken the case of three top business leaders of New Zealand. The top three business leaders are Rob Fyfe, Graeme Hart and Craig Norgate.
(Source: leadershipnz, 2017)
Rob Fyfe- Former CEO of Air New Zealand
Robert Ian Fyfe (Rob Fyfe) is the former CEO of Air New Zealand. He held the position from the year 2005 to 2012. He has been awarded from the University of Canterbury an honorary "Doctorate of Commerce". Rob brought a cultural change in Air NZ and recovered the position of the company by engaging the workforce fully. Rob Fyfe has a transformational leadership style. Those people who can work with their subordinates in order to recognize the needed change and inspire them to work towards bringing changes follow this type of leadership style. He has always encouraged the performance of the staffs, directed them towards the vision, and showed them the true passion behind working hard. His adversity has defined him as a successful leader (Cummings et al. 2010).
(Source: Cummings et al. 2010)
Graeme Hart- Richest man in New Zealand
Graeme Richard Hart is the richest man in New Zealand who is the owner of Carter Holt Harvey, Burn Philp, Reynolds Packaging Group and Rank Group. Graeme Hart's leadership style is authoritative leadership style.
(Source: Hoel et al. 2010)
He has been successful in deciding about the organizational goal and directing each of the executives towards the goal. He has dictated the policies and has always effectively motivated all the employees to finish their assigned tasks. This has helped him create a loyal workforce. He has controlled the business function of all the companies since 1985 and has maintained the privacy of his business (Hoel et al. 2010).
(Source: Schaltegger & Burritt, 2010)
Richard Chandler- Chairman of Clermont Group
Richard Fred Chandler is Clermont Group's chairperson, who likes to invest in different types of industries. He is known for purchasing struggling companies and then after rebuilding them successfully. Richard Chandler has an affiliative leadership style. He has been successful in promoting harmony and has built strong teams in his company. He focuses on making the future better by making social changes and investing globally (Kelsey, 2015).
(Source: Kelsey, 2015)
Four factors that have majorly influenced the above-mentioned leaders
Effect on performance and success
The above-mentioned factors have affected the performance level of all the three leaders namely Rob Fyfe, Graeme Hart and Richard Chandler. Like in case of Richard Chandler, it can be said that the social and operational environment has influenced his leadership style and has designed his success path in a different way. Not only has he been successful in building a strong team but he has also been promoting harmony after understanding the need of social change. He has the mission to solve the problem of the financial crisis. Therefore, has helped many companies to enter the market and operate. Richard Chandler aims at brining prosperity for the world's future. This proves that he has understood the importance of social responsibility. He has an investment group called Creative World Group that focuses on social investment, leadership and transformation (clermont, 2017). Likewise, different factors have an impact on the leaders that essentially affects their performance and success.
In this assignment, the learner has mentioned about leadership styles and has explained it by specifying about three most reputed and renowned business leaders of New Zeeland. The learner has mentioned the factors that have influenced the leaders and their leadership style. These factors also affect the performance and success rate of the leaders. This has helped the learner to understand about the importance of leadership and leadership styles.
Kelsey, J. (2015). Reclaiming the future: New Zealand and the global economy. Bridget Williams Books.
Collins, E., Roper, J., & Lawrence, S. (2010). Sustainability practices: trends in New Zealand businesses. Business Strategy and the Environment, 19(8), 479-494.
Cummings, G. G., MacGregor, T., Davey, M., Lee, H., Wong, C. A., Lo, E., ... & Stafford, E. (2010). Leadership styles and outcome patterns for the nursing workforce and work environment: a systematic review. International journal of nursing studies, 47(3), 363-385.
Hoel, H., Glasø, L., Hetland, J., Cooper, C. L., & Einarsen, S. (2010). Leadership styles as predictors of self‐reported and observed workplace bullying. British Journal of Management, 21(2), 453-468.
Jogulu, U. D. (2010). Culturally-linked leadership styles. Leadership & Organization Development Journal, 31(8), 705-719.
Schaltegger, S., & Burritt, R. L. (2010). Sustainability accounting for companies: Catchphrase or decision support for business leaders?. Journal of World Business, 45(4), 375-384.
leadershipnz. (2017). Home. Leadership NZ. Retrieved 10 May 2017, from http://www.leadershipnz.co.nz/
clermont. (2017). Clermont Group. Clermont.com. Retrieved 10 May 2017, from http://www.clermont.com/home
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