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Identification of Leadership Behaviors

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Identification of Leadership Behaviors
Patrick has just been hired in a management/leadership position for Trion's Inc. It should prove a challenging position due to the fact the Board of Directors wants to see the profit margin back to 5% in 18 months or less. Things have not been going well at Trion's Inc. Patrick wonders which leadership style will be more effective in order to accomplish the tasks that need to be done? He does not have much time so maybe he should centralize authority, dictate work methods, and make the decisions, at least for a while. However, that really is not the method Patrick prefers. He would rather involve employees in decision making, delegate authority, and encourage participation in decision- making, but make the final decision himself.
From what he has observed, the last leadership style that was used with the group of employees was to allow employees to do whatever they wanted, giving them complete freedom to make decisions. The only input from the leader was to supply necessary materials and answer questions.
-Tannenbaum and Schmidt would advise Patrick to move toward more________ centered styles.


Definitions:

Valuation Purposes

The process of determining the present worth of an asset or a company, often for investment analysis, buying or selling.

Total Premium

The complete amount paid for an insurance policy, encompassing all charges and fees.

Pre-Merger Value

The market capitalization or estimated value of a company before it enters into a merger or acquisition deal.

Additional Value

The extra or surplus value created over and above the original value of something, often resulting from an improvement or modification.

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