01.08.2019-927 views -Business: Leadership
American Journal of Business and Management Volume. 1, Number 4, 2012, 202-207
Effects of Leadership Style on Organizational Performance: A Case Research of Nigerian Banks Ojokuku R. M1, Odetayo Big t. A2* and Sajuyigbe A. S3
Department of Management and Accounting, Ladoke Akintola University or college of Technology, Oyo Point out, Nigeria 2 Department of Accountancy, Osun State Polytechnic, Iree, Osun State, Nigeria 3 Section of Business Administration, Osun State Polytechnic, Iree, Osun State, Nigeria
The study evaluated the impact of leadership style on company performance in selected Banking institutions, in Ibadan Nigeria. Purposive sampling strategy was followed in deciding on a total of sixty (60) respondents as sample for the study, when relevant data was obtained with the aid of a structured questionnaire. 1 hypothesis was formulated and inferential statistical tool was used to analyze the info specifically Pearson product moment correlation was used to examine the partnership between management style dimensions and company performance, when Regression analysis was used to measure the significant effect of leadership style dimensions upon followers and gratification. Findings revealed positive and negative relationship between management style proportions and organizational performance. It absolutely was also found that leadership style dimensions collectively predict organizational performance, which usually counted pertaining to 23% variance of efficiency. The study concluded that transformational and democratic management style must be employed by the Banks' management in order to wax stronger within a global competitive environment. Keywords: leadership design, organizational overall performance, transformational management, democratic management
Introduction Leadership style is actually a key determinant of the failure or success of any kind of organization. An innovator is individual that influences, redirects, and inspires others to perform specific responsibilities and also inspire his subordinates for useful performance on the accomplishment of the stated corporate and business objectives. Management style is definitely the manner and approach of providing path, implementing strategies, and inspiring people. In accordance to Ngambi et approach. (2010) and Ngambi (2011), cited in Jeremy et al. (2011), leadership is a process of impacting on others' commitment towards knowing their total potential in achieving a valueadded, distributed vision, with passion and integrity. The size of this affect is such the fact that members with the team work voluntarily together in order to attain the goals which the head has collection for each member, as well as for the group. The relationships between leader and employee, and also the quality of employees' efficiency, are drastically influenced by the leadership style adopted *
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by the leader (Jeremy et ing., 2011). Command style in an organization is one of the factors that play significant role in enhancing or perhaps retarding the interest and determination of the persons in the firm (Obiwuru ou al., 2011). Leadership is known as a critical supervision skill, relating to the ability to inspire a group of people towards common objective. Leadership targets the development of followers and their requirements. Managers exercising transformational leadership style concentrate on the development of value system of staff, their mindset level and moralities while using development of their skills (Ismail et 's., 2009). This basically helps followers obtain their goals as they operate the company setting; this encourages fans to be expressive and adaptable to fresh and improved practices and changes in the environment (Azka et al., 2011). According to Michael (2011) leadership provides a direct cause and result relationship after organizations and the success. Frontrunners determine ideals, culture, transform tolerance and employee determination. They condition institutional approaches including their very own execution and effectiveness. Frontrunners can seem at any level...