IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 3 NO. 1 2017

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Leadership Styles of Chief Executive Officers and Growth of Business Organizations

Susannash Limunga Esowe, Gbenga Ezekiel Ilori (PhD), Alhaji Abiso Kabir nad Ekanem Edem Udo Udo (PhD)

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Abstract

The concept of leadership has been in existence since the advent of human interaction. This concept has received wide attention from past scholars for about 30 years. The need for effective leadership in our society and companies was as a result of the need to provide rules, regulations to people and the need to influence followers to attain laid down objectives. Hence, leadership was connected with power of the manager involved. Leaders are however, perceived as someone with a wide array of outstanding traits of character and personality. Whereas, organizational growth is the limelight of every organization and thus the need to constantly evaluate their outcome. A combination of different leadership styles in the life span of an organization as well as knowing when to bring in the required leadership style with respect to the phase of the organization’s growth is very important for the profitability and sustainability of business organizations. Business organizations encounter at certain stage of their growth the challenges of growth and sustainability. Some organizations have witnessed the challenges of rising and falling probably due to the leadership styles that was put in place. This article seeks to ascertain which leadership style can be more appropriate to sustain organizational growth. This study used a secondary approach to information gathering from previously published conference and journal articles, company documents and newspaper articles, internet sources and magazines. The findings of this study established the fact that there is a relationship between the leadership styles of Chief Executive Officers (CEO) and growth of business organizations. Also that, the choice of leadership style depends on the phase of the organization’s growth. The authors recommend that a multiple case study approach be adopted by future scholars to explore this area of study.

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