Human capital management trait approach

By Abhijeet Pratap Filed Under: Management Behavioral theories of leadership: The behavioral theories of leadership take a slightly different approach than the trait theories. It tries to show that not all are not born leaders but there are particular behaviors that can be learnt to become leaders.

Human capital management trait approach

This style is most often used by the managers. It focuses on the basic management process of controlling, organizing, and short-term planning. The famous examples of leaders who have used transactional technique include McCarthy and de Gaulle.

Transactional leadership involves motivating and directing followers primarily through appealing to their own self-interest.

Behavioral theories of leadership:

The power of transactional leaders comes from their formal authority and responsibility in the organization. The main goal of the follower is to obey the instructions of the leader. The leader believes in motivating through a system of rewards and punishment.

If a subordinate does what is desired, a reward will follow, and if he does not go as per the wishes of the leader, a punishment will follow.

In economics theory, there are two basic approaches to human capital which are (1) Macroeconomic approach and (2) Microeconomic approach as identified by Kucharcikova (). Trait Approach Michelle Nyguen UoP Human Capital Management HRM/ Timothy Smith March 22, Introduction One of the first challenges to study leadership was the trait approach. The behavioral theories of leadership take a slightly different approach than the trait theories. The most important assumption underlying the behavioral theory is that the leaders can be made.

Here, the exchange between leader and follower takes place to achieve routine performance goals. These exchanges involve four dimensions: Transactional leaders link the goal to rewards, clarify expectations, provide necessary resources, set mutually agreed upon goals, and provide various kinds of rewards for successful performance.

Active Management by Exception: Transactional leaders actively monitor the work of their subordinates, watch for deviations from rules and standards and taking corrective action to prevent mistakes.

Passive Management by Exception: Transactional leaders intervene only when standards are not met or when the performance is not as per the expectations. They may even use punishment as a response to unacceptable performance.

Human capital management trait approach

The leader provides an environment where the subordinates get many opportunities to make decisions. The leader himself abdicates responsibilities and avoids making decisions and therefore the group often lacks direction.

Assumptions of Transactional Theory Employees are motivated by reward and punishment.

Human capital management trait approach

The subordinates have to obey the orders of the superior. The subordinates are not self-motivated. They have to be closely monitored and controlled to get the work done from them. Implications of Transactional Theory The transactional leaders overemphasize detailed and short-term goals, and standard rules and procedures.

This kind of a leadership style may work well where the organizational problems are simple and clearly defined. Such leaders tend to not reward or ignore ideas that do not fit with existing plans and goals. The transactional leaders are found to be quite effective in guiding efficiency decisions which are aimed at cutting costs and improving productivity.

The transactional leaders tend to be highly directive and action oriented and their relationship with the followers tends to be transitory and not based on emotional bonds.

The theory assumes that subordinates can be motivated by simple rewards.

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Difference between Transactional and Transformational Leaders Transactional leadership.Introduction. After several decades of leadership research that attempted to identify the specific and unique traits characteristic of those in supervisory positions, academic research shifted to pursue the patterns of behavior exhibited by those who were influential in and around positions of formal leadership.

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Human Capital Management - Meaning and Important Concepts

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Management - duties, benefits ENG - College Writing 4 In this course, students acquire the writing competence necessary for conducting and presenting research. A variety of assignments, beginning with personal reflections, build upon one another, as students develop ideas that respond to, critique, and synthesize the positions of others.
The employees of a company are the biggest asset it has and by keeping that asset strong, the company has the best chance of success.
Trait Theory of Leadership Kit Wai Chan Business management can be defined as the acquisition, allocation, and utilization of resources through planning, organizing, staffing, leading, and controlling.

Business management can be defined as the acquisition, allocation, and utilization of resources through planning, organizing, staffing, leading, and controlling.

Transactional leadership involves motivating and directing followers primarily through appealing to their own self-interest. The leader believes in motivating through a system of rewards and punishment. The phrase connotes an approach to human resource management (HRM) that views employees as assets that can be invested in and managed to maximize their business value.

Software. HCM has come to be nearly synonymous with the human resources (HR) function in organizations.

"Bottom up" approach is better than a "top down" - Writing - Don Tapscott