OL224 Lecture Notes - Lecture 3: Warren Buffett, Trait Theory, Espn Bottomline

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Build on strengths - own and others. Doing the right things and getting the right things done. Key components of leadership - bennis ( on becoming a leader ) Passion - for life and in what you do; inspires other. Guiding vision - clear idea of what you want and perseverance. When people evaluate managers in terms of their leadership effectiveness, they often scrutinize the manager"s traits and personal characteristics . To be an effective strategic leader, you must have character and strategy and if you must do without one, do without strategy. Trait theory - finding the right stuff . Since the 1800s (starting with thomas carlyle"s work), researchers have searched and tried to identify the traits associated with leadership so what traits have been identified. Characteristics associated with leadership are classified into three broad categories: A leader"s personality traits can be divided into two groups:

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