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Busm4573 Asm 1 w1 Maihoangmyhao s3749812
Busm4573 Asm 1 w1 Maihoangmyhao s3749812
Visionary leaders provide people with inspiration to see a new vision of the future and
significantly and drive them towards the common dream.
This style can be used effectively when the company needs a new vision or a noticeable new
direction. However, it does not work when visionary leaders work with a group of experts or
counterparts that have more experience than them.
Appendix A will provide an example of this leadership style.
The coaching style happens in a one-on-one interaction where leaders connect what people aim
for with the company’s goals.
By utilising the EI competence of personal development, self-awareness and empathy, coaches
not only facilitate people to discover their goals and values but also help them broaden their
repertoire of abilities. This style concentrates on having an in-depth conversation with people
that are currently having little skills to do current work with the goal to help them go beyond
short-run concerns instead of focusing on exploring personal long-term goals like dreams, life
goals, and career aspirations.
Coaches act as counselors have a highly positive emotional impact on employees because they
deliver great care, empathy, and rapport in people’s potentials and give an expectation that they
can do their best.
This can be used most effectively when working with those who express initiative and seek
professional development. However, it does not work when employees have lack motivation or
require substantial personal direction and feedback. It also fails when leaders have lack
expertise or emotional intelligence to facilitate people along.
Appendix B will provide an example of this leadership style.
The pacesetting style concentrates on performance and meeting goals, thereby expecting
excellence and thrive when there are highly competent and motivated employees with clear
objectives on their side.
This style will leave those who have poor performance behind or even make those who have the
high performance feel under too much pressure by leaders’ relentless demands. This in turn can
have a negative repercussion on the team, leading to burnout, exhaustion, and high staff
turnover. As pacesetters are high goal-oriented, they seem to not care about employees they
depend on to accomplish their goals. This is dissonance.
On a positive spectrum, pacesetting works best when you need to achieve the stellar result with
flying colour from a high-performed and motivated team quickly.
Appendix C will provide an example of this leadership style.
My chosen leadership style is pacesetting because by utilising inspiration accompanied by the
emotional intelligence (EI) triad of self-confidence, self-awareness, and empathy, authoritative
leaders articulate a big picture of where the organisation or the team is moving forward.
However, they still set people free to speak up their new ideas, innovate, experiment, work
forward, and achieve the shared goals. Thus, they can retain the most valued talents and
standardise task framework and performance feedback that captures the vision. Leaders with
visionary styles can significantly boost the emotional climate, transform and attune the
organisation’s spirit and value to various extents shared by people that are led by them. This is
considered the most effective leadership style that can have the most strongly positive impact
on group dynamics.
In my context, I founded RMIT Vietnam FinTech Club at RMIT since 2020 with the vision to
increase the exposure of the Vietnamese students to financial technology and digital disruption.
This is also the first student-led fintech club in Vietnam. As my club is new and fresh, I, as a
leader, have to help members visualise
REFERENCE:
MindTools n.d., Six Emotional Leadership Styles: Choosing the Right Style for the Situation,
Leadership Styles: Choosing the Right Approach for the Situation, Mind Tools Content Team,
viewed on 14th March 2021, <https://www.mindtools.com/pages/article/newLDR_84.htm>.
Goleman, D. Boyatzis, R. & McKee, A. 2004, Primal Leadership : Learning To Lead With
Emotional Intelligence, Harvard Business School Press, Boston.
Goleman D. 2000, “Leadership That Gets Results”, Harvard Business Review, vol. 78, issue 2.
Reisel, W. D. 2016, Book Review: Primal Leadership: Realizing the Power of Emotional
Intelligence 2002, vol. 4, issue 2, 14th November, viewed on 14th March 2021, <
https://jbam.scholasticahq.com/article/1072-primal-leadership-realizing-the-power-of-emotional-
intelligence>.
Goleman, D. Boyatzis, R. & McKee, A. 2002, Primal Leadership : Realizing the Power of
Emotional Intelligence, Harvard Business School Press, Boston.
Kryder, L. 2002, Primal Leadership: The Hidden Driver of Great Performance, Management &
Technical Communication, Washington, vol. 49(2), p. 257.
APPENDIX:
APPENDIX A: A SUCCESSFUL VISIONARY LEADER – HENRY FORD
Henry Ford grew his popularity for being a pioneer in the automobile assembly line and having
to successfully mass produce automobiles. Amazingly, he founded Ford Motor Co. with virtually
none of his own money, proceeding to wisely negotiate deals with suppliers that enabled him to
buy parts on credit. After years of diligently reinvesting his profits back into his business, the
company in turn became an industrial giant and Ford becomes immortalized as a business
legend.