The meaning and influence of leadership to SAMSUNG Essay

The meaning and influence of leadership to SAMSUNG - Essay Example This document focuses on the different leadership theories and tools. It further illustrates the implementation of these leadership theories in Samsung to understand the importance of leadership management. 2- Background of Samsung Samsung Group is a multinational conglomerate organization having numerous of business subsidiaries and affiliation (Samsung, 2013). Samsung is one of the prominent information technology leaders globally. The organization operates and manages more than 200 hundred subsidiaries (Lunenburg & Ornstein, 2012). The organization has successfully sustains it market positioning in the global IT market and economy. Samsung is reported to have the largest annual growth and profits (Samsung, 2013). The prominent Samsung industrial subsidiaries includes, Samsung Electronics (ranks fourth largest information Technology Organization), Samsung Engineering and Samsung C & T (13th and 36th largest construction companies in the world), Samsung Life Insurance (14th largest insurance organization of the world), Cheil Worldwide (15th largest advertising agency) and Samsung Everland (the oldest theme park and Everland in South Korea). The success of the organization lies in its strong leadership and strategic management. 3- Literature review Trait Theory of Leadership Trait theory primarily focuses on the heritable attributes, behavior patterns and personal characteristics of the leader (Northouse, 2010). The theory defines that the different personal characteristics and patterns fosters the leader effectiveness in the different groups and organizational situations (Northouse, 2010). Some of the scholars argue that the leadership traits are not acquired; perhaps individuals possess leadership traits that cannot be developed whereas this perspective has been criticized over the period as some of the scholars believe that the leadership traits can be acquired. Leadership behavior Ethical Leadership is the approach of the leaders to develop awareness about the right and wrong. It develops code of conduct for the leaders to make decisions and embed ethical attitudes and behavior (Hellriegel & Slocum, 2007). Ethical leadership allows to influences the attitudes and values, foster leader’s behavior and the empowerment of employee. Contingency theory believes that the leadership style shall be appropriate with the dynamic conditions. Fielder’s Contingency theory states that the effective leadership is dependent on the leadership style that is changed with the changing conditions. (Lunenburg & Ornstein, 2012) The theory assumes that either the leaders are task oriented or relationship oriented; the style leadership adopts shall be according to the preferences of its orientation. It suggests that the task oriented leaders are more focused on the accomplishment of the tasks, whereas the relationship oriented leader’s aims to develop effective communication and interpersonal relationship with its employee (Lunenburg & Orn stein, 2012). Therefore, the leader’s favorability in every situation is the major concerns to develop effective leadership (Daft & Lane, 2008). Fielder’s contingency theory primary focuses on the leader’s personality and the psychological disposition. It further suggests that it is necessary to focus on at least one element of the leader-led situations, though it does not provide a complete description about the issues, but it allows