Analysis Of Mr. Hsieh Fu Hua’s Leadership Traits Free Sample

Question: Disccuss about the Analysis of Mr. Hsieh Fu Huas Leadership Traits,Behaviour and Style. Answer: Introduction Leader plays an important role in every organisation. A true leader leads people with his or her charismatic personality and set examples before his or her followers so that all will follow unconditionally to leader in order to achieve the goals and objectives of the organisation. A true leader exhibits different traits and manages different situations successfully. Managing people in the organisation and avoiding risk on the way of achieving goal are the key responsibilities of the leader. This assignment makes an attempt to analyse Mr. Hsieh Fu Hua, the Chairman of UOB and the co-founder and advisor of PrimePartners Group of Singapore. His style of leadership in the change and critical situations are analysed in this assignment. Observation The leaders are the most important part of the organisation. They are the people to whom people follow. They are the people who lead the organisation with their innovative ideas and motivate the followers to work with the same norms that they set as the culture of the organisation. The leaders make the followers follow the things and focus on them. Trust is inspired by the leaders and they have a wide range of outlook. The true leaders believe in asking people what why and go on making the things original and different from others (chnangingminds.org, 2012). The current organisational culture is different from the traditional thinking of the organisational culture. The vision and mission of the organisation are only achieved when the leaders of the organisation formulate appropriate strategies. A true leader makes people understand and believe the vision of the organisation and need of establishing the culture of the organisation to achieve the goals of the organisation successfully(guides.wsj.com, 2015). Big Five Personality Traits The leader is judges with different characteristics he or she possesses. Self-confidence, responsibility, creative and hard working are some of the traits of the leaders. Big Five Personality Traits discusses about the five important behaviour of the leader. These traits are extraversion, openness, conscientiousness, neuroticism and agreeableness. Extraversion refers to the behaviour of the leader that shows that he or she favours socialization. High extraversion of the leader shows that leader has positive emotion. Openness reflects the attitude of the leader and his or her interest to remain attached to the things. Conscientiousness is a policy by which the leader makes coordination among the employees. Neuroticism is an attribute of the leader to deal the negative emotions of the employees of the members of the team. Agreeable refers to the interest of the leader to accept the suggestions of the followers. Leadership power The leaders have power to lead the people. These powers are the power of reward, coercive power, legitimate power, referent power expert power, informational power and connection power. Reward power shows how the leader has the ability to reward the followers for the compliance. This may be monetary and non monetary. Coercive power of the leader refers to the power of punishment and threatening to the employees when the outcome of the organisation does not come. Demotion, suspension, or dismiss from the services. Legitimate power refers to the power of the leader to influence the behaviour of the employees. Here the leader influences the people to manage and leads them to achieve the vision. Expert power refers to the ability of the leader to establish trust and respect among the followers. Informational power gives the leader knowledge about the followers of the organisation. Connection power helps the leader to gain influence by being acquainted with them Mr. Hsieh Fu Hua and his leadership styles, behaviour and traits Mr. Hsieh Fu Hua is the Chairman of UOB and the co-founder and advisor of PrimePartners Group of Singapore. Mr. Hua is also working as a Director of GIC also holds the position of Chairman of Tiger Airways Holdings.Hua also served as CEO of Singapore Exchange from 2003 to 2008. He served many non-profit organisations. National Gallery Singapore national Council of Social Service are also chaired by Hua. In this essay, the traits of leadership have been discussed with reference to Mr. Hua as an inspirational leader. His style of leadership in the change and critical situations are analysed in this assignment.(leadership.com.sg, 2015) Hsieh Fu Hua is famous for its charismatic leadership traits. He is a successful leader and his ability to manage the crisis is outstanding.Hua,in his corporate career, has contributed his experience and ability for the management of the crisis of the organisation. Hua is famous for its ability to manage the two most important crises. They are thePan-Electric crisis that happened in the year 2015 and another important crisis that he solved was the Asian Financial Crisis that occurred in thelate 90s. The ability to deal the Global Crisis was his most important contribution to the organisations he has served. Hua has tremendous ability to lead people. He has employed transformational leadership quality in his organisation. He believes that a leader should have ability to manage the risk and should have ability to solve the problems. Problem solving ability and interpersonal skills are two important factors that contribute the leader to become an effective leader. Hua has been very successful in managing the risks when the entire globe was facing financial crisis. He said that a leader has to be very constant and transparent in his or her principles. The leader should not change his or her core principles under no situation. The leader should remain constant and he or she should not make any change to the principles to favour anybody in the process of the decision making. The risk management and the principles of transparency of Hua have made him a successful leader. Traits of personality traits in Hua Hua possesses all the qualities of the big five personality traits of a leader. Hua is famous for his openness trait. He remains attached to people and becomes ready to face the challenges. Conscientiousness trait is also found in his leadership traits. He works to coordinate people. Neuroticism is another trait of the leader that helps him to deal all the negative situations. Hua is famous for his ability to face challenges in his tenure. He also got success for it. Leadership Power of Hua Hua is a strong leader. He believes in facing all situations bravely. He says that a leader should not bend. He has legitimate power to influence people to face the adverse situations. He has the power of expert to establish trust among his followers. The leaders have power to lead the people. These powers are the power of reward, coercive power, legitimate power, referent power expert power, informational power and connection power. Reward power shows how the leader has the ability to reward the followers for the compliance. This may be monetary and non monetary. Interview In the interview, I could find that Hua focused on the need of leaders decision to take the lead when the company passes through a very difficult position. As the leader, he managed to work effectively when the whole the world was passing through the Global Financial Crisis. During that period Hua was the chief executive of the Singapore Exchange (SGX). Hsieh Fu Hua has extensive ability and experiences in the financial sector. He has theability to handle stockbroking, banking that deals with investments and management of the funds. For his successful contribution to the banking and economic sectors, he has been appointed as the non-executive chairman of UOB, United Overseas bank. He has also been associated with thenon-profitorganisations. Hua advocates that the honesty and truthfulness make every leader stand on the front successfully and his ability to manage the crisis helps other followers of the organisation to follow the legacy the leaders leave his or her behind. Hsieh Fu Hua in his interview told that his leadership traits were developed in him when he read a book in his school career. The main character in the book, A man for All Seasons inspired him much who was an accomplished man. Hsieh Fu Hua told that constant is the supreme ability of a leader. The leader should be specifically constant in every complexity. He says that the leaders should have core values and based on that he or she should work. One should not compromise with the core values of the leaders. Hsieh Fu Hua, in his interview, told that there will be many situations arise in front of the leader when he or she has to be truth to the core value and true to himself or herself (Sandel, 2009).The leader in his interview expressed that integrity in the values and principles of life are very important. He says that it is very difficult to define integrity. He focuses on the importance of listening to the inner voice of oneself. There is always a greater need for taking decisions at different times. He says that one has to take aright decision at the right time. It is not that you are a leader and the leader has only ability to take the decisions. A follower has also required taking appropriate decision s in the functioning of the organisational goals (Low, 2009). The appropriate decision contributes generously to the achievement of the vision and mission of the company (Greyvenstein Cilliers, 2012). The leader says that the leader should listen to the followers and be reflective and should also accommodate in the situation. Hsieh Fu Hua says that every individual has its credibility and one should not divert from it. The leader should remain ready if he or she has to pay for his principles. But at the end, the leader will win and the truth and principles that he or she has designed honestly will bear good results. While answering the situations where he compromised with his core values and principles, Hsieh Fu Hua answered that the there are some situations that arise before the leaders when he finds himself or herself in the trouble. As a leader, one has to follow the culture of the organisation and the principles of the governance of the organisation cannot be violated (Balakrishnan, 2009). But in some instances, the leader has to think differently. In his interview, he discussed on his decisions of the huge investment. That decision was taken by him and he said that he owned it successfully. He said that the decision of making ahuge investment was not known to anybody. He could have kept it secret but he did not do that and kept everything transparent. This shows that as a leader the decisions taken by him or her should be owned. While answering to the life changing experience, Hua told that a leader has to be very sincere and transparent. He has faced many situations where he has confronted so many oppositions. He said that it is very easy for one to avoid the situations and favour the wrong to become popular among the co-workers. He said that this does not work at the end. The leader should be very clear to define the wrong and state the people when they do wrong. This has to be done at the time when the followers of the organisations doing wrong (Kannair, 2007). This has to be done very carefully by the leaders. Hua said that the most difficult situationsisto confront the oppositions. And the leader as a transformational leader needs to change the negativity among the followers not by just pointing to them what wrong they are doing rather by making them realise their mistakes (Bradberry, 2015). Thus he felt the confrontation to these situations brought life changing experience in him. While answering the question on his advice to the future leaders, he said that owning all the responsibility on his or her own head is quality important to take the followers to know about their dignity of labour. They should know that as the followers of the organisation they equal contribution. But the leader needs to remain in the front. Thus creates lot motivation in the mind of the followers (Poh, 2010). During any crisis, the leader has to communicate the message that he or she remains present with all. Hua also said that the leaders should apply his or her sense during the difficult situations. The leaders should be sensible and demonstrate control. When the leader becomes sensible and demonstrates control the followers follow him or her successfully. In that situation, the leaders should be with a risk management plan and this will help the leaders to manage the situations (Walton, 2008). In answering again to his advice on the future leaders, Hua said that the leader should not feel like a boss. Hua also commented on the need of managing the ego. He said that one should have an ego and he should apply this as per the need of the organisation. He is just merely the leader of the organisation. The leader should set the examples like a transformational leader. The leader should belikea true mentor (Wong, 2011). Like a democratic leader, the leader should also encourage the followers to offer their suggestions for the development of the organisation. The leader should motivate his followers well. The motivation of the leaders contributes to the pattern of the growth of the followers working style in the future days for the considerable contribution for the achievement of the organisational goals (Lim, 2011). Hua is an inspiration to me. His ability to manage people and risk, and to remain constant in every situation are the most effective traits that I have learnt from h im. Self-reflection and improvement The interview conducted on Hua offers extensive knowledge on the need of traits, behaviour and styles of leadership. The leader is a person who does something that is very new to all. The action initiated by the leader should be followed by the followers voluntary. In the interview I found that Hua is a transformational leader (Low, 2011). He has also possessed the traits of a democratic leader. In one instance he showed that sometimes he has to apply autocratic style of leadership. In the interview this has been found that the leader should have the ability to manage the risk and manage the people who are the important contributors for the achievement of the organisational goals. A have found that Hua works as a transformational leader and motivates people to work. He has tremendous positive ethos. He believes that trust and respect should there with the leader. The leader should be transparent and truthful. The inspiration of the leader helps the organisation to grow. The leader should guide and motivate people well so that followers will be persuaded well(Sanborn, 2016). The leader believes that in every moment the leader should practice the basic principles and traits of the leadership quality so that the best opportunity for the organisation will be made. Risk management The leader should have positive traits to handle the risks. The leader should be sensible and decisions should be taken by the leaders instantly to manage the risk. Thus it is very important for the leader should make a risk management plan. This will help the leader to take decisions and when it is required (Low, 2008). Decision making The leader should be very sincere in making decision. A leader should have some core principles and based on that he or she should work. Like a democratic leader, the leader of the organisation should involve the followers of the organisation to contribute with their rich experiences in the process of the decision making. Motivation The leader of the organisation inspires people to follow him or her. Thus the traits of the leader should motivate people to follow the leaders without any compulsion. By setting the example, the leader will motivate the followers to work on the way the organisation requires its followers to work. Communication skills A true leader is an effective communicator. The effective communication made by the leader will help him or her to communicate with people successfully. The emotional intelligence and the interpersonal skills are required to be developed by the leader to become a successful leader. As a leader I need to develop my emotional intelligence and interpersonal skills. This will help me to lead the follower of my organisation.(Nayar, 2013). Interpersonal skills Interpersonal skills are very important for a leader. The leader has to develop interpersonal skills. The leader should always make good communication with members of his or her organisation. This will create a better environment and all are committed to the achievement of the organisational goals (George-Godfrey, 2012). Developing my leadership quality Development of a leader is the enhancement of the ability of an individual to act and practice the principles of a leader in order to become successful in leading the people. The role of the leader includes alignment of the work, to set a significant objective and to be committed to the work and the group (Drucker, 2014). . The problem -solving ability and setting the right culture of the organisation are also very important for the leader. The leader needs to work for a favourable environment for the followers of the organisation so that the employees will be motivated and work for the achievement of the organisational goals. Need of a Two part- model This model helps the leader to become successful. Assessment, challenge support are three important requirements that will create an experience in the leader and that will help the leader become successful in the future(Velsor, et al., 2010). The challenges make a leader more experienced. In these difficult situations the leader should know how to handle the risks. A leader has to apply the presence of mind in a particular situation so that appropriate solution will be made for the risk. The leader should have strategic objectives to handle all these situations(Gray, 2014). The interview helped me to learn that I need to be a successful leader with the help of the leadership quality. I must have a transformational leadership style. I will use my democratic leadership style when I will take decision for the organisation. This will help to do the appropriate things on the appropriate time. I also require being constant and transparent in the process of leading my followers. The principles based on which I will lead the people will never bechanged.As a leader, I will motivate my followers to get the success. Conclusion Leaders are the most important people who contribute for the growth of the organisation. The leaders make themselves different from the other and work for the achievement of the organisational goals. The leaders with their vision and transformational leadership style encourage motivating people to work in the desired way. The true leaders need to have ability to manage the risks and problems. 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