Speaker : Dr. Nay Zin Latt Chairman

Business GroupBusiness Group Hotel Group.Hotel Group.

Venue : IndiaDate : 10.10.10

Leader … A person who leads a group, organization or country.

“ It is consider how previous learning and experience influences the speed and accuracy with which a leader can assess the situation, and subsequently determine the most appropriate course of action.”

Leadership … is ultimately about creating a way for people to contribute to making something extraordinary happen.

(5) Qualities.

1.Transform values into action.2. visions into realities.3. obstacles into innovations.4. separateness into solidity.5. risks into rewards.

Without credibility…. You can not lead.

To be exercised :

A.Model the way.B. inspire a shared vision.C. challenges the process.D. enable others to act.E. encourage the heart.

How do you think ?

What makes a great leader ? Are leaders are born or made ? Are there common traits that all leaders possess ? Can anyone become leader ? How smart are our leaders ?

John Adair (1934)

ACL ( Action Centered Leadership ) model.Functional leadership.

Achieving task

Building & Maintaining the team

Developing the individuals

Warren Bennis - “Dean of leadership guru”

“ Management is the matter of efficiency ” “ Leadership is the matter of effectiveness”

Between “Leaders” & “Managers” is..

“ Well understanding the situation , able to overcoming & winning & surrendering”

“ Geeks & Geezers” ( 35 under & 70 above )

Peter Drucker ( Management Guru )

MOB - ( Management by objectives. )

“ The concept of the corporation” “ The practice of management”

Daniel Goleman ( EQ-man)

EQ – emotional quotientIQ - intelligent quotient ( traditional thinking intelligence )

EI - emotional intelligence DE - destructive emotionCE - constructive emotion

John Kotter

“ The leaders & Change”

The heart of change What leaders really do Leading change The leadership factor Power and influence

“ See - Feel - Change” (manager)“ Analyse - Think - Change” (leader)

Abraham Maslow ( The motivation Man )

Belief Value Culture

“ A Theory of Human Motivation”“ Hierarchy Needs Theory”

Douglas McGregor

Theory “X” & “Y”“Carrot & Stick” approach.

David McClelland

Human Motivation Personality The achievement Motive The achieving society.

Performance = Motivation x Efficiency x Situation

Tom Peters

( The Revolutionary leadership guru )“Father leadership of modern corporations.”

(7)S

The Hard “S”StrategyStructureSystem dominated management thinking.

The Soft “S”Shared valuesStyle of managementSkillsStaff.

Leadership withLeadership with

the ‘head’the ‘head’

Doing the right thingDoing the right thing

Leadership with

the ‘feet’

Getting administrativeGetting administrative

things donethings done

Leadership withLeadership with

the ‘hands’the ‘hands’

Doing things right

Leadership with

the ‘heart’

Inspiring the doingInspiring the doing

Inspirational leadership

TRANSFORMINGTRANSFORMING

Transforming

Transforming the way the leader leads

Their actions are consistent with their words. (Effectiveness of leadership action.)

Carlos Ghson … CEO of Renault Motor & Nissan Motor.

Toyota Motor.

Sales in U.S market dropped… (- ) 17% in Jan.. 2010 (- ) 9% Feb..

Leadership action taken (+) 30% March ( incentive program )

Richard Branson … Virgin Blue airline.. ( budget air )

Are Leadership Styles Fixed?

Low-Self Monitoring

High Self-Monitoring

Higher

Lower

Higher

Lower

Fle

xib

ilit

y

Self-Monitoring

Trait’s Approach

Leaders are “born” ( Hitler , Stalin , Nepoleon )

“made” ( Bill Gates , Warren Buffett )

Significant Change ( Effective leadership )

Objectivity Vs Perception Acceptance Vs Rejection Individual Vs Group performance Productivity Vs Satisfaction Right to say “No”.

Transactional leader … ( t Nzpf vkyff) (+) 5 + (-) 5 = 0 (work base )

”Accomplish tasks at hand, maintain relationship.”

Transformational leader ..( t vkyf Nzpff)(+) 5 = 5 (result base )

“ Influence major changes, build commitments , result based ”

“Transformational leaders create visions that inspire people. These visions present the potential to transform both followers and the society at large.”

Decision Making

“ A leader’s approach to decision-making and problem solving will depend on a number of factors and beyond the style of leadership demonstrated.”

Programmed decision making. ( things in order ) Non programmed decision making. ( things not in order )

Leaders & Power

Power is not power over others. Power is just the ability to get things done effectively.

Personal power Positional power

Leaders do the “Right Things” ( Policy making , choice of work)

Others do the “Things Right” ( Implementation )

Leaders & Knowledge.

New world order is transforming “knowledge” into “wisdom”

Without knowledge… without leader.

“ Knowledge is knowing what to do right things through experiences and education”

“ Information can be overloaded, but never any knowledge overloaded”

LeaderLeadershipLeading person … are not the same.

ie.. Actor Lu Min is leading person. Director Mee Pwa the is leader of the film.

leading note, leading edge, leading light, leading question…

All leaders are of course, leading persons but…All of leading persons can not be leaders.

- Planning - Change - Organizing - Inspiration - Controlling - Motivation - Directing - Influence ( Virgin Blue airline – Richard Branson ) ( Nissan-Renault - Carlos Ghson )

FollowersManagers ( New Model )

Followers Managers ( Old Model )

ie… cow herd

Leadercharacteristics

and traits

Group membercharacteristics

Leaderbehavior and

style

Internaland externalenvironment

Leaderbehavior and

style

Problem TypeProblem Type

Solution TypeSolution Type

RiskRiskInnovativeInnovative

AdaptiveAdaptive

RoutineRoutine

LegitimateLegitimate

ReferentReferentpowerpower

CoerciveCoercivepowerpower

ExpertExpertpowerpower

RewardRewardpowerpower

PowerPower

Power SourcesPower Sources

““-- The Intuitive ApproachThe Intuitive Approach ( from intuition )( from intuition )

-- The Incidental ApproachThe Incidental Approach ( learn from mistakes)( learn from mistakes)

-- The Retrospective ApproachThe Retrospective Approach ( reviewing )

-- The Prospective ApproachThe Prospective Approach (brain storming )(brain storming )

Victor or Victim Eye on the long term Dealing with your mistakes

“ I make plenty of mistakes and I’ll make plenty more mistakes, too. That’s part of the game. You’ve just got to make sure that the right things overcome the wrong ones”

Warren BuffettWarren Buffett

Sycophants

When you become a leader, you must be well convinced on following question.

Are they an asset or liability ?

Those of guys will say always “Yes”

You can not make a good deal with a bad person.

It is easier to stay out of trouble than it is to get out of trouble.

It takes twenty years to build a reputation and five minutes to lose it. If you think about that, you will do things differently.

It is not necessary to do extraordinary things to get extraordinary results.

Wishful thinking

TipsTips

Someone is sitting in the shade today because someone planted a tree a long time ago.

Durable competitive advantage.

You’ve to think for yourself. How high IQ people mindlessly imitate to get success.

Learn from your experiences, learn too from others experiences.

If we can not find things within our circle of competence, we don’t expand the circle. We should wait.

TipsTips

What we learn from history is that people didn’t learn from history.

No matter how great the talent or effort, some things just take time : you can not produce a baby in one month by getting nine women pregnant.

Risk comes from not knowing what you are doing.

Accounting is the language of business.

TipsTips

Be smart….

Most of theories come from 1st countries. You’re in 3rd countries. Theories will give you fundamental concepts. You’ve to modify it. You can’t escape from theories but… You need to be SMART.

“ This is all about of leadership & Management. ”