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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.
-If Patrick decides to ask one of the members of the group to make the decision for the group based on the facts presented to the group, he will using the Vroom ________ decision making style.


Definitions:

Consumption

The use of goods and services by households or individuals, often considered in terms of the amount consumed.

Interest Rate

The interest rate is the cost of borrowing money expressed as a percentage of the total amount loaned, typically noted on an annual basis.

Income

The revenue collected, generally on a routine basis, from work performed or earnings from investments.

Present Value

A financial concept that calculates the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

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