MGM101H5 Lecture Notes - Lecture 9: Accountability, Takers, Toronto Star
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MGM101H5 Full Course Notes
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Document Summary
Why is it so hard for ceos to say sorry: olive . Toronto star: corporate leadership class clings to idea that fessing up = sign of weakness. This would result in no risk taking if businesses didn"t take risks ,there would be no progress/growth but when you take risk it opens you up to failures. If want leaders to be risk takers, then ppl have to accept that often things won"t work out and they can"t always be held completely responsible. What does it take: cannot satisfy all stakeholders. What makes a great leader: able to influence mobilize resources and motivate people to work towards common goal. Leaders : do right thing, focus on vision, mission, and goals. Managers: doing things right, focuses on preserving on status quo (they don"t try to make change, they implement it) Perspective of leadership : power influence perspective, contingency perspective, transformational perspective, behaviour perspective, trait (competency) perspective.
