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)

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)

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.

References

Ajagbe, A. M., Peter, O. F., Ekanem, E. U. U., Uduimoh, A. A. & Akpan, E. S. (2016a). Business Strategy as a Contributor to Organizational Performance. International Journal of Advanced Academic Research/Management Sciences, 2(3), 1-19. Ajagbe, A. M., Cho, N. M., Ekanem, E. U. U. & Peters, O. F. (2016b). How Organizational Structure Aids Business Performance. International Journal of Research in Commerce & Management, 7(8), 64-68. Avolio, B. (2007). Promoting more integrative strategies for leadership theory- building. Journal of American Psychology, 25-33. Avolio, B. & Gardner, W. (2005). Authentic leadership development: Getting to the root of positive forms of leadership. Leadership Quarterly, (16), 315-318. Kabir, A. A., Okuboyejo, S., Ilori, G. E. and Adeogun, O. S. (2016). Influence of Organizational Leadership on Organizational Performance in the Service Sector in Nigeria. International Journal of Economics, Commerce and Management, 4(12), 574-590. Andersen, J. A. (2016). An old man and the “sea of leadership ”. Journal of Leadership Studies, 9(4), 70–81. Ashibogwu, M. (2008). Common Failures of Family Business. Business Day, Monday, May 18. Asrar-ul-Haq, M. and Kuchinke, K. P. (2016). Impact of leadership styles on employees’ attitude towards their leader and performance: Empirical evidence from Pakistani banks. Future Business Journal, 2(1), 54-64. Azka, G., Tahir, M., Aslam, M. and Syed, T. (2011). Transformational leadership, employee engagement and performance: mediating effect of Psychological ownership. African Journal of Business Management, 5(17), 7391-7403. Ajagbe, A. M. (2007). The Impact of Strategic Planning on Effectiveness of Marketing Operations: Case of NEPA. An Unpublished MBA Project submitted to the Graduate School, Ambrose Ali University, Ekpoma, Nigeria. Agbonifoh, B. A., Agbadudu, A. B. and Iyayi, A. B. (2005). Management; a Nigerian perspective. Lagos: Malthouse Press. Bello-Imam, I. B. and Ojeifo, S. A. (2007). Fundamentals of human resources management in Nigeria. Ibadan; College Press & Publishers. Boehnke, K., Bontis, N. Distefano, J. and Distefano, A. (2003). Transformational Leadership: An Examination of Cross-national Differences and Similarities. Leadership and Organization Development Journal, 24(1/2), 5-17. Bass, B. (1999). Two decades of research and development in transformational leadership. European Journal of Work and Organizational Psychology, 8(1), 9-32. Bass, B. M. and Avolio, B. J. (1990). The implications of transactional and transformational leadership for individual, teams, and organizational development. Research in Organizational Behavior, 4, 231-272. Bass, B. M. and Avolio, B. J. (1994). Improving organizational effectiveness through transformational leadership. Thousand Oaks: Sage Publications. Bass, B. M. (1990). From transactional to transformational leadership: Learning to share the vision. Organizational Dynamics, 18 (3), 19–32. Berendt, C. J., Christofi, A., Kasibhatla, K. M., Malindretos, J. and Maruffi, B. (2012). Transformational Leadership: Lessons in Management for Today. International Business Research, 5(10), 227. Braun, S., Peus, C., Weisweiler, S. and Frey, D. (2012). Transformational leadership, job satisfaction, and team performance: A multilevel mediation model of trust. The Leadership Quarterly. Bodla, M. and Nawaz, M. (2010). Transformational leadership style and its relationship with satisfaction. Interdisciplinary journal of contemporary research in business, 12, 370- 381. Chathoth, P. K. and Olen, M. D. (2002). Organizational leadership and strategy in hospitality industry. Journal of Services Research, 2(4), 231-239. Cohen, S. and Elmick, W. (2002). The effective public manager: achieving success in a changing government. 3rd Ed. San Francisco: John Wiley & Sons. Cho, N. M., Ajagbe, A. M., Okoye, L. U. and Udo Udo, E. E. (2016). Entrepreneurial Leadership Styles and Organisational Productivity of Financial Sector in Cameroon. International Journal of Research in Commerce, IT & Management, 6(7), 64-70. D’Souza, A. (2011). Empowered Leadership, your Personal Guide to self-empowerment (Haggai Institute publication 2001), pg. 131. Duygulu, E. and Ozeren, E. (2009) .The effects of leadership styles and organizational culture on firm’s innovativeness. African Journal of Business Management, 3(9), 134-145. DuBrin, A. (2004). Leadership: Research findings, practice and skills. New York: Hougton Mifflin. David, M. (2001). Leadership during an economic slowdown. Journal for quality and participation, 24(3), 40-43. Dumdum, U., Lowe, K. and Avolio, B. (2002). A meta-analysis of transformational and transactional leadership correlates of effectiveness and satisfaction: an update and extension. Transformational and charismatic leadership: the road ahead, 2, 35-66. Edwards, G. and Gill, R. (2012). Transformational leadership across hierarchical levels in UK manufacturing organizations. Leadership and organization Development Journal, 33(1), 25-50. Fry, L. W. (2003). Towards a Theory of Spiritual Leadership. The Leadership Quarterly, 14, 693 727. Gill, R. (2011). Theory and practice of leadership. London: Sage Publications. Gesell, I. (2010). Leadership and Legislative conference (AIA Grassroots) Agile Leadership: Innovative Approaches to Leading in Uncertain Times, Leadership and Legislative Conference, Washington, D.C Grant, A. M. (2012). Leading with meaning: Beneficiary contact, prosocial impact, and the performance effects of transformational leadership. Academy of Management Journal, 55(2), 458-476. Hersey, P. and Blanchard, K. H. (1969). Management of Organizational Behavior – Utilizing Human Resources. New Jersey/Prentice Hall. Holland, P., Sheehan, C. and De Cierr, H. (2007). Attracting and retaining talent: Exploring human resources management trends in Australia. Human Resource Development International, 10 (3), 247-262. Hersey, P. and Blanchard, K. H. (1993). Management of organizational behavior: Utilizing human resource, sixth ed. Prentice Hall. Hater, J. J. and Bass, B. M. (1988). Superiors’ evaluations and subordinates' perceptions of transform atio nal and transactional leadership. Journal of Applied Psychology, 73(4), 695 702. Hawkins, R. (2003). The seven habits of highly effective students: A case study in character education and school cultural transformation. House, R. J. a nd Aditya, R. N. (1997). The Social Scientific Study of Leadership: Quo Vadis? Journal of Management, (23)3, 409-473. Harari, O. (2002). The leadership secrets of Colin Powell. New York: McGraw-Hill. Ismail, K., Aslan, A. S. and Ajagbe, A. M. (2011). A Conceptualized Approach towards Building a Growth Model for Venture Capitalists Finance of TBFs. International Journal of Innovation, Management and Technology, 2(4), 315-320. Ismail, A., Halim, F. A., Munna, D. N., Shminan, A. S. and Muda, A. L. (2009). The Mediating effect of empowerment in the relationship between transformational leadership and service quality. Journal of Business Management, 4(4), 3-12. Jeremy, M., Melinde, C. and Ciller, V. (2012). Perceived leadership style and employee participation in a manufacturing company in the democratic republic of Congo, African journal of business management, 6(15), 5389-5398. Lok, P. and Crawford, J. (2004). The effect of organizational culture and leadership style on job satisfaction and organizational commitment: A cross-national comparison. Journal of Management Developm ent, 23(4), 321–338. Long, C. S., Ajagbe, A. M., Md Nor, K. and Suleiman, E. S. (2012). The Approaches to Increase Employees’ Loyalty: A Review on Employees’ Turnover Models. Australian Journal of Basic and Applied Sciences, 6(10), 282-291. Mathew, J., Esowe, L. S., Udo E. E. and Ajagbe A. M. (2016). Organizational leadership and

Leadership Styles of Chief Executive Officers and Growth of Business Organizations

Abstract

References

More Articles from INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH