The Situational Leadership® Model is a model by Paul Hersey and Ken Blanchard, while working on Management of Organizational Behavior. The theory was first introduced as “Life Cycle Theory of Leadership”. During the mid-1970s, “Life Cycle Theory of Leadership” was renamed “Situational Leadership Model.”
In the late 1970s/early 1980s, the authors both developed their own models using the situational leadership theory; Hersey – Situational Leadership Model and Blanchard et al. Situational Leadership II Model.
The fundamental underpinning of the Situational Leadership Model is that there is no single “best” style of leadership. Effective leadership is task-relevant, and the most successful leaders are those who adapt their leadership style to the Performance Readiness (ability and willingness) of the individual or group they are attempting to lead or influence. Effective leadership varies, not only with the person or group that is being influenced, but it also depends on the task, job or function that needs to be accomplished.
The Situational Leadership Model rests on two fundamental concepts; leadership style and the individual or group’s Performance Readiness level.
Archive | December, 2017
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The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Whilst the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
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Roger Ver (born in February 1979) is a Kittitian/Nevisian early investor in bitcoin related startups. He was formerly an American citizen. He was born and lived in Silicon Valley. He now resides in Japan. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom. He now promotes Bitcoin Cash, an offshoot of the cryptocurrency created by a group that was dissatisfied with the current management of bitcoin. He identifies as a libertarian, an anarcho-capitalist, peace advocate and advocates for individualism and voluntaryism.
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Transformational leadership is a style of leadership where a leader works with subordinates to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group. Transformational leadership serves to enhance the motivation, morale, and job performance of followers through a variety of mechanisms; these include connecting the follower’s sense of identity and self to a project and to the collective identity of the organization; being a role model for followers in order to inspire them and to raise their interest in the project; challenging followers to take greater ownership for their work, and understanding the strengths and weaknesses of followers, allowing the leader to align followers with tasks that enhance their performance.
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LocalBitcoins is a bitcoin startup company based in Helsinki, Finland. Its service facilitates over-the-counter trading of local currency for bitcoins. Users post advertisements on the website, where they state exchange rates and payment methods for buying or selling bitcoins. Other users reply to these advertisements and agree to meet the person to buy bitcoins with cash or pay with online banking. LocalBitcoins has a reputation and feedback mechanism for users and an escrow and conflict-resolution service. As of December 2013, LocalBitcoins has around 110,000 active traders with a trade volume of 1400–3000 bitcoins per day.
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A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/central banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.
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Ethical leadership is leadership that is directed by respect for ethical beliefs and values and for the dignity and rights of others.:22 It is thus related to concepts such as trust, honesty, consideration, charisma and fairness.
Ethics is concerned with the kinds of values and morals an individual or a society finds desirable or appropriate. Furthermore, ethics is concerned with the virtuousness of individuals and their motives. A leader’s choices are also influenced by their moral development.
