leadership there are also many theories on how someone is able to reach the level of a leader‚ and even more so; how to become an effective leader. Two of those theories are the path-goal theory and the leadership model created by Hersey and Blanchard. In the following paragraphs the reader will receive an understanding of each theory‚ a discussion of how it is effective in an organization and then a comparison and contrast between the two. To begin with‚ the path-goal theory will be the first one covered
Premium Leadership Situational leadership theory
Goal-Setting Theory by Mary Jane‚ Demand Media Business owners will often set individual goals to motivate employees and reach company objectives. Goals that are hard to reach are often more intriguing‚ as more work is required to fulfill them. Edwin A. Locke introduced the theoretical approach to setting goals and building motivation‚ which can be directly applied to a professional setting. In fact‚ this type of goal-setting theory is one of the more useful motivational theories used in industrial
Premium Management Motivation Business
The Leadership member exchange theory according to many sources‚ states that all relationships between managers and subordinates go through three stages. (LMX Theory 1975) These three stages are identified as role taking‚ role making‚ and routinization. Role taking is first‚ and as soon as new members enter your group. During role taking‚ members take time to evaluate these new members‚ and come up with an idea of their strengths. Role making is the second stage where the manager or leader subconsciously
Premium Management Leadership Fiedler contingency model
state) be P(L) = 0.5 We assume that the amount of utility or satisfaction Ajay derives from a payoff is equal to the square root of the amount of the payoff. So‚ we get Ui(a) = √x‚ x≥0 Where x is the amount of the payoff The decision theory tells us that the act with the highest expected utility should be chosen. We denote the expected utility of act a1 (AB Ltd.) by EU(a1) and the expected utility of act a2 (XY Ltd.) by EU(a2). Thus‚ we get EU(a1) = 0.5 x √1089 + 0.5 x √0 =
Premium Decision theory
Doyle‚ M. ‘Liberalism and World Politics’‚ American Political Science Review‚ 1986‚ vol. 80(4)‚ pp. 1151-69 INTERNATIONAL RELATIONS THEORY Article Review 17th October 2011. Doyle‚ M. ‘Liberalism and World Politics’‚ American Political Science Review‚ 1986‚ vol. 80(4)‚ pp. 1151-69 Michael Doyle‚ author of this article was one of the first IR theorists in modern era to analyze
Premium Political philosophy Republic Liberalism
The Theory In 2000‚ Meleis created a theory that not only explains the experience of transitions of patients across many spectra such as coping with a new diagnosis or treatment‚ becoming a parent‚ or transitioning into the end of life‚ but also outlines predictive reasons for how and why patients react to transitions in the way that they do. Properties of the Theory When describing the theory of transitions‚ Meleis discusses several properties which predict the outcome of a patient when experiencing
Premium Psychology Scientific method Science
These are some of the different theories and approaches to playwork: Piaget is a cognitive constructivist theorist who believed that development occurred in stages with children using play in order to practice what they have learnt. Bruner who was an influential theorist in the area of language development thought that children learn by doing and that play is how children are able to practice what they already know and then expand upon that‚ becoming more able and adept as they grow and develop
Premium Childhood Childhood Play
QUEUING THEORY INTRODUCTION Waiting lines are the most frequently encountered problems in everyday life. For example‚ queue at a cafeteria‚ library‚ bank‚ etc. Common to all of these cases are the arrivals of objects requiring service and the attendant delays when the service mechanism is busy. Waiting lines cannot be eliminated completely‚ but suitable techniques can be used to reduce the waiting time of an object in the system. A long waiting line may result in loss of customers to an organization
Premium Poisson distribution Probability theory Arithmetic mean
successfully or unsuccessfully. Numerous researchers felt the need to come up with theories that govern successful leadership. One of these theories is known as the contingency theory. An analysis of the contingency theory Fielder (1964) came up with this approach to leadership after realizing that leaders could function well if they changed their styles to suit the situation at hand. This is where the name contingency originates. Fielder conducted several studies of effective and ineffective leaders
Premium Leadership Situational leadership theory Personality psychology
Current Liabilities and Contingencies Current assets are cash or other assets that can reasonably be expected to be converted into cash‚ sold‚ or consumed in operations within a single operation cycle or within a year if more than one cycle is completed each year. Current liabilities are obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current assets‚ or the creation of other liabilities. Accounts Payable or trade accounts payable
Premium Asset Accounts receivable Balance sheet