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Is there a Difference?

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  1. Is there a Difference? Differences in Management Styles in the Three Baltic Countries Presented by Larry Stout, Ph.D., MBA Stockholm School of Economics in Riga

  2. Reference Point – “Ideal Leadership”

  3. Reference Point – “Ideal Leadership” • Scientific = • Predictive not reflective • Measurable not anecdotal • Comprehensive not isolated

  4. Leadership Capital Philosophy Vision Values

  5. Philosophy of Leader • Vision– The leader’s direction • Values – The road the leader takes to reach their vision.

  6. Leadership Capital Philosophy Psychology Vision Values Personal Interpersonal Wisdom Trust Courage Voice

  7. Psychology of Leader • PERSONAL ELEMENTS Wisdom & Courage • INTERPERSONAL ELEMENTS Trust & Voice

  8. Leadership Capital Philosophy Psychology Vision Values Personal Interpersonal Wisdom Trust Courage Voice Leadership Conditions Extrinsic Instrinsic Period Place People Position

  9. Leadership Conditions Extrinsic (Largely outside the individual’s control) • Period – the time the leader serves (the socio/economic climate works for or against the particular leader’s situation). • People – the followers either support or resist the leader’s efforts, largely for psychological reasons outside the leader’s control.

  10. Leadership Conditions Intrinsic (Somewhat within the individual’s control) • Position – the level of impact held by the particular office (the ability to directly effect the course of the direction of the organization). • Place – the domain or area of expertise that the individual best operates (can also be effected by the size of organization itself, some individuals work better in small or large companies.)

  11. Leadership Capital Philosophy Psychology Vision Values Personal Interpersonal Wisdom Trust Courage Voice Leadership Capital measure-ments (based on the six competencies above) provide one insight into leadership strengths and weaknesses.

  12. Leadership Analysis 100 50 0 100 50 0 Vision Voice Wisdom Trust Values Courage

  13. Common Traits • Wisdom – Highest of all competencies • Values – Lowest of all competencies • Little significant difference between male & female leaders • Majority of leaders are ‘balanced’

  14. Lithuanians • Strongest of all Baltic leaders in Trust and Voice competencies • Weaker than other Baltic leaders in Vision and to a less extent, Values • Lithuanians had the strongest female leaders

  15. Latvians • Strongest of all Baltic leaders in Wisdom and Courage (slightly) • Weaker than other Baltic leaders in Trust and Voice. • Latvian leaders are strongest in Riga (no surprise!)

  16. Estonians • Strongest of all Baltic leaders in Vision and Values. • In terms of statistical analysis, Estonians measured the best overall. • Very few statistical sample for females (why is that?)

  17. But... • Leadership Conditions must also be considered for leadership strength. • Self-analysis has built-in bias, a 360 degree measurement is best. • Variable factor: different competencies are better given size of organization.

  18. Domain size COURAGE Inspire the organization to stay competitive Level of difficulty VOICE Internal & External direction of organization WISDOM Organizing to move process forward TRUST Attraction to the Leader Hierarchy of Competencies

  19. COURAGE VOICE WISDOM TRUST Hierarchy of Competencies