Leader interview Term Paper Example | Topics and Well Written Essays - 1250 words

Leader interview - Term Paper Example 3-What is your definition of leadership? Leadership, as the name implies, is the term used for leading others. Leading essentially involves supervising, guiding, and administering the team. A leader plans the course of action and assigns roles and responsibilities to the most suitable individuals. A leader identifies the skills of individual team members and makes best use of them. 4-In your opinion what does a leader do that distinguishes him or her from others? A leader serves as a role model for the whole team. The team members imitate the leader in their mannerism, behavior, approach and style of work. The leader assumes the decision making power. The leader is responsible for the whole team while each follower is responsible for his own part of the work. This is the most fundamental element that distinguishes him from others. 5-Do you believe there is a difference between managing and leading? The interface between managing and leading is very blurred and it is often hard to det ermine it, though there do exist certain difference between leading and managing. The leader essentially assumes the decision making power whereas a manager may or may not have the decision making power. A leader is also a manager but a manager is not always a leader. In the usual setting, manager manages things in order to facilitate the work and minimize the inconveniences in the way of accomplishment of the leader’s goals. 6-what is your personal philosophy of leadership? Leadership is a multitude of skills needed to control the audience in a certain setting and for a certain time period to achieve certain goals of mutual interest to the leader as well a as the followers. 7-what skills have you acquired that have been most helpful to you as a leader? Patience, consistency, and foresightedness are three primary skills needed to be a good leader. 8-How would you characterize your style of leadership? My style of leadership is democratic. I give the followers space to speak t heir minds out so that I may find good advice if I can. 9-Who do you consider being great leader? Why? The great leader holds equally accountable for his actions like his followers. He is crystal-clear in his vision and has reasonable justifications to convince the audience to embrace his vision. The leader rewards the followers when they achieve their assigned tasks. The leader is foresighted; he identifies and removes all hindrances in the way of followers. The leader has high self-esteem. He encourages change and innovation and is able to implement the change within the organization. These qualities are important in order to be a great leader because they earn an individual the trust and confidence of the followers. 10- Who have been influential people for you in terms of leadership? Person that has influenced me the most as a leader is Adolf Hitler. I totally adore and appreciate the fact that Hitler came from an altogether non-political background and ended up becoming one of t he biggest ands most talked about leaders in the world. Adolf Hitler’s most obvious leadership trait was bravery and straight-forwardness. An individual without a good fill of these two qualities in his/her nature is not eligible to be called as a leader. 11-How did you learn leadership? Leadership is learnt through practice and responsibility. Even the most casual and

Effectiveness of Executive Compensation Scheme Assignment

Effectiveness of Executive Compensation Scheme - Assignment Example The Tournament theory suggested that a small and a minute difference in ability basically leads towards high compensation. In simple terms, this definition basically fails to consider the main and the important significance of the executive compensation scheme or ECS in the overall governance of the organizations, for instance how and why these kinds of different bonuses are basically awarded and what actual benchmark is used.   ECS have basically four main and important components which are:- The base fixed salary.- The stock options.- The long term incentive plans.- The annual bonuses which are usually being monetary or shares.All the stock options are normally based on the company's overall performance. Although the presentation and the features of the stock option are usually vivid and clear, the exact amount of the compensation can also be unclear as the amount could have been set many years ago and the share prices may also have changed. Furthermore, the executives may circum vent this in order to improve their performance with the help of accounting decisions in the earlier years before the turnover, which basically increases the reported results, or with the help of income-smoothing practice, which basically borrows the income from the future.   Bonuses are basically shown separately to the share options in the company proxy statements. Although the cash compensation and all the other types of the compensation are disclosed separately in different other places like footnotes it is therefore termed as the complexity of the separation that can usually cause the reports to be more unclear for all the shareholders long term interest.   This basically suggests that the executives wield at least some kind of pressure on both the level and also on the structure of their compensation.   For instance, most large US firms have a well-organized remuneration committee which basically consists of two or more two outside directors.   Although all the major d ecisions which are related to the top-level compensation are passed through this organized committee, the committee then rarely conducts the market studies of the competitive compensation levels or the initiates or they propose new ECS or the executive compensation schemes.