Abstract
The paper identifies the leadership styles with of senior and middle level managers and their relationship withthe financial performance of the selected fast moving consumer goods firms in Muscat, Sultanate of Oman. A corelational descriptive research design was used. Data about leadership styles was collected from senior andmiddle level managers through two instruments: the Multi Factor Leadership Questionnaire 5X and theLeadership Styles Scale. Mean, t– test, Pearson correlation and ANOVA was used for data analysis. Resultsreveal that there is no significant difference in the leadership styles of senior and middle level managers,managers of high performing firms use transformational leadership style and there is a significant relationshipbetween leadership style and financial performance. It is thus suggested that firms should train their managers touse transformational leadership style.
Highlights
There is a great demand of Leadership in various organizations
This study proposes to bridge this gap by examining leadership styles of senior and middle level managers in Fast Moving Consumer Goods Firms in Muscat, Sultanate of Oman and their impact on the performance of these firms
To answer the first research question: What are the leadership styles of the senior and middle level managers in selected Fast Moving Consumer Goods Firms in Muscat? An average of the responses was obtained to find the mean score for the leadership style
Summary
There is a great demand of Leadership in various organizations. Even today’s strategic persons working in the organization like C.E.O’s need to have great skills of Leadership to run the organization effectively. The success or failure of a firm depends largely on how the senior and middle level managers shape and execute the organization’s strategies. Leadership is a catalyst, which transforms the organization into a more profitable and productive one. The extent of this success depends largely on the leadership style adopted by the senior and middle level managers. Every successful firm has one major characteristic that distinguishes it from average or unsuccessful ones: dynamic and effective leadership. Leadership plays an important role in any organization
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