Benchmark Leadership Personal Model

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MGT-410_WK5-PersModLeadership.docx

Name: Loren Domingo-Tangco

Course: MGT-410

Date: January 11, 2020

Instructor: Phyllis Abbott

PERSONAL MODEL OF LEADERSHIP

In the developing of personal life goals, the love for family has always taken the central position. Often used as a measure for success, it is important to incorporate goals that settle the desire of living a good life. In order to achieve ambitions of a contented life, some principles must be applied in the daily work and activities. These are the pillars that act as a reminder for the goals being pursued and a center of gravity for the methods taken in pursuing them (Serrat, 2018). A good life is relative to the party defining, in this case thriving at work, enjoying good health, fulfilling needs, and wants that to correspond to their lifestyle.

A transactional leadership approach will be the basis for this leadership plan. This is meant to maintain the energy put in the pursuit of a better house for the family. It will be achieved by first approaching a bank that can provide a mortgage loan and maybe start a prequalification process to start the home buying process. By developing a structured savings plan, in this case to save up for a down payment or the closing cost of a home loan. Transactional leadership is based on a contingent reward (Ahmed et al., 2016), above described via an approved mortgage loan. In pursuit of this, some of my highly ranked values, courage, has been exercised. Planning through the current income flow, putting funds aside, I realized to be able to maintain the lifestyle I practice, I must find other income sources. This inspired me to pursue a second income with my interest in the beauty industry, by investing my extra time in a skin health wellness business.

In exploring the options for a side business, I explored a variety of viable opportunities. As I research, the available niches in the community revealed a range of fields in which I could invest in. Transactional leadership calls for management by exception, which I put into practice passively. I have attained jobs in the identified field, mostly in the service industry, a step made in maintaining an open mind. Through the experience gained, an evaluation analysis was made, putting in place various preexisting conditions for an investment.

Settling on a wellness side business meant a strategy had to be developed to maintain it, especially on the onset. The initial cost would take time for full recovery, therefore, a safety net had to be set up. A good number of stocks of products such as vitamins and skin health supplements were necessary. This move, is an attempt at active management by exception, whereby as the administrator I would work towards a set target of weekly sales to turn the limited stocks to a profitable income.

Seemingly, this might have been a step away from the developing personal plan, but it contributed to the determination of values that would have to be adhered to in the long run. Division of time between my job and the new after-work engagement, heavily influenced my accountability. Responsibility called for effective time management and organizational skills. Further, the diverse inputs that go into running a wellness business challenged my sole proprietorship capabilities. Lessons learned from evaluating feedback submitted by my clients challenged me and over time, developed independence in better decision-making required.

Interaction with the society is inevitable, especially when dealing with a health business that serves the interest of each client. Developing a great relationship with customers and getting referrals from them contributed heavily to my interpersonal skills. Maintaining a balance between being a business owner and a working middle class is met with a lot of compromise, especially in decision-making and self-development meant to elevate the side business while chasing to fulfill a career requirement (Kramer, 2007).

Further, working with a team means that I will have to be accommodating and personal in approaching each of my staff. Not only does this affect my team, but also very crucial in interaction with other companies that I deal with at work. The same values are necessary with my direct clients. This plan is therefore a commitment to make my impact in my respective positions.

The plan outlined is my blueprint for making an impact in multiple capacities. As a worker on my regular job, I contribute to the society through my developed skills with the aim of making the society a better place. As a family provider, the plan and values adopted are my path to impacting the society in terms of happiness and a pace setter for younger members of the society. Further, being a business owner is my contribution to the economy and a pride accomplishment among my peers.

The described particulars are my general ambitions towards achieving my pursuit of a successful life, equally marked by a happy thriving family. Thus, the setting of goals and adoption of necessary strategies to achieve them is the concept for my ideas. A transactional leadership model is therefore a befitting vessel for the taking off and achievement of my personal plans. Once goals are achieved, new ones will be adopted and equally followed through.

References

Ahmed, Z, K., Nawaz, A., Khan, I. Leadership Theories and Styles: A Literature Review Journal of Resources Development and Management Vol.16, 2016

Kramer, T.J., Transformational Leadership (2nd ed.) by M. B. Bass & E. G. Riggio. The Psychology Manager Journal Vol 10,2007

Serrat, O., 2018. Personal Leadership Development Plans: Essentials and Practicum Retrieved on 11th Dec, 2019 from https://www.researchgate.net/publication/327212569_Personal_Leadership_Development_Plans_Essentials_and_Practicum