ACCA SBL Syllabus A. Leadership - Effective Leadership And Key Leadership Traits - Notes ^{1 / 10}

Leadership is:

Influencing an organisation in its efforts towards achieving an aim

Effective leadership is vital. But it comes in many forms. However, a clear, well communicated vision is key to inspiring others.

Effective leadership is ethical. Behaviour and decision-making show a high standard of ethics, continuing therefore
through the whole organisation.

Perspectives on leadership

1. Power-Influence Approach

   This is power in relation to subordinates, peers, superiors and external stakeholders. 

   Leadership can be autocratic (leaders exercise significant power) 
   Leadership can be participative (power is limited and subordinates exercise more decision-making and autonomy).

2. Situational Approach

   Different leadership traits, skills and behaviours will be effective in different situations. 

   Success depends on the characteristics of the followers, nature of the work performed, type of organisation and the external environment. 

   Sometimes called the Contingency Theory.

3. Integrative Approach

   This means considering more than one type of the leadership variables described above.