Leadership Behavioural Traits - Lex Werner PDF

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Summary

This is assignment about leadership trait theories for subject Organizational Behaviour....

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1.0 LEADER PROFILE

Full name

Leslie Herbert Wexner

Other names

“The Merlin Of The Mall”

Residence

New Albany, Ohio

Citizenship

United States

Place Of Birth

Dayton, Ohio, U.S.

Date of Birth

September 8, 1937 (age 84)

Spouse(s)

Abigail S. Koppel

Children

4 ( 2 boys , 2 girl ) Sarah Wexner Harry Wexner David Wexner Hannah Wexner

Education

Banchelor Of Arts/Science, Ohio State University

Occupation

Businessman

Founder

Chairman Emeritus of L Brands Expansion of Victoria’s Secret Association with Jeffry Epstein

Net Worth

5.9 Billion USD (2021)

2.0 Why I choose the leader? I choose him because when he young , Leslie Wexner’s parents owned and operated a small store named “Leslie’s “ in downtown Columbus, Ohio. After Graduating from the Ohio State University (OSU) and serving in the Air National Guard, He decide to work in his parents’s business in 1963 , he founded L Brands with one store in the Kingsdale Shopping Centre in Columbus. He expanded his business portfolio through both invention and acquisition, becoming a dominant U.S retailer with numerous powerful brands and brands extensions. Under his leadership, L Brands has envolved from an apparel-based specialty retailer to an approximately $10 billion segment leader with more than 90,000 associates focused on ligeria, beauty, and personal care product categories that make customers feel sexy , sophisticated and forever young. In 2010 , Wexner and his family in conjuction with the L Brands foundation, Made a historic $100 million commitment to OSU to benefits the OSU medical centre (the Wexner Medical Centre at The Ohio State University), The Arthur G. James Cancer Hospital and Richard J. Solove Research Institute, and the Wexner Centre for the Arts, as well as select other university, initiatives. His other philanthropic interest include the Wexner institute for pediatric Research at Nationwide Children’s Hospital in Columbus. Lastly, he is generous supporter of the United Way and was awarded the Woodrow Wilson Award for Corporate Citizenship for his commitment to the public good.

3.0 LEADERSHIP THEORIES OF LES WEXNER 3.1 Traits theories 3.1.1 leadership education He firmly believe leadership is not just an important thing, because it’s the most important thing, and it’s undervalued in high school, colleges, and universities. If there’s a single thread of teaching and learning that he try to influence at our university , and influence other educators to think about, it’s the importance of leadership as a subject 3.1.2 makes a great leader Leader come in all shapes and sizes with virtually every characteristic and kind personality, but they all have the ability to influence, and influence is the insurgent, general patton-type. He always default to the front he like to churn things up and say “ we can take that hill, lets charge.” 3.1.3 virtue of adaptability Leader that continue to grow are optimistic but they’re profesionaly curious about society and they think about adapting , trying new things and understanding things they can’t so they can be continually relevant in their own lives. He think, the only way to test the adaptability is to do something different . it’s very important mid-career not only to have a good understand of yourself , but to think about how to exercise that curiosity muscle between your ears and be adaptive. 3.1.4 why he enjoys leading People ask him when he going to retire , and he says “when im unhappy” , he like the people he work with ,the challenges, the changes.leader have to be happy to be with themselves. If they’re not, they can’t lead themselves, let alone others .

3.1.5 how he stays busy and grounded What he worry about is running out of work. It would just be a terminal things. He like the idea of work, and I have a substantive to-do list that’s more than he can finished. He made a decision in early 40s that he could make more money but he could’t make more time. Nobody can make more time, if he was efficient, he could do more with the limited time he have.

3.2 Behavioral Teories Its significantly embendded and it goes back a long way. The business had grown to some size, about 30 stores, and my ambition was to double it in five years to 60 or so. He began thinking that this was a real career. He love to play with scale and compounding growth, so he ground numbers out and it was interesting. He decided that while having the biggest business possible was an interesting thought, it would only be interesting to me if it was a good business. He didn’t call it social responsibility, but he thought of it in terms of what would make him feel good projecting 20 years into the future, and while size mattered, it didn’t matter as much as quality . he didn’t say in many ways , there are archieving both . it’s important that they do good while there doing so well. As an enterprise , there have nurtured a culture where giving back is encouraged. For the past 4 years, L Brands has fielded the largest Susan G. Koman Race for the cure business team in the world, and contributed more than 17 million toward cancer research through the annual bike ride Pelotonia, engaging thousand of associate bike riders, volunteers and donors. Through our United way campaigns, associates have donated millions of dollars and thousand of volunteers hours to their local communities in ways they find meaningful. There have always valued community and relationship, and have been personally determined to build a good business as measured by ROI and growth , while also building loyal relationship with associates, inventors and communities as well as with vendor partners.

4.0 EXPALAIN WHAT CRITERIA MAKES YOU CHOOSE THE LEADER AS AN EFFECTIVE OF SUCCESSFUL LEADER IN THEIR BUSINESS Firstly, look at the business contact with fresh eyes. Recent result indicate wexner was wrong to stick with his faith in shopping malls as long as he has. His thinking that “people crave social interaction and will seek it at places like malls” no longer holds water. Shopping malls are in desperate shape. Second, understand what really matters and why. One good way to understand what really matters and why to an organization is to probe the founder’s intent. One of the benefits Wexner’s successor is going to have is that they can ask him directly. Third , honor and then build on the founder’s relationships. One of L Brands’ greatest strengths has to be the network of relationships Wexner has built over his 57 years as CEO. He needs to transition those to his successor. One of the best examples of this was how Herbert Mines onboarded Hal Reiter as CEO of his executive search firm. They agreed an overall purchase price for the company with 25% getting transferred on Hal’s joining as President, 50% getting transferred five years later when Hal took over as CEO, and the final 25% getting transferred five years after that. Lastly, focus all on future impact. Yes, Wexner’s replacement gets to and needs to stand on the shoulders of an industry giant. Yes, they need to do all I’ve suggested so far. But it’s all theoretical gibberish unless the new leader focuses the entire organization on the future and deliver real impact. L Brands’ business context is terrifying. What mattered to Wexner when he founded the firm may not matter anymore. It’s not clear L Brands has a sustainable competitive advantage. Many of Wexner’s relationships are from the last century. Wexner’s replacement’s task is daunting.

5.0 CONCLUSION In conclusion, leadership is an integral part of human life. Leader are evident in families, in school, in workplace, in churches, in social group, and in one’s own life. Indeed , everyone must be a leader of his own life as he matures into an adult and makes decisions for himself. What makes a person successful in this regard is his ability to Challenge create, achieve, inspire, energize, assess and ultimately decide what is the best for both himself and for his follower if he is in a position to have them. Leadership skills can be developed from an early age and are impacted both by natural talents and abilities and by personal experiences. School and youth programs can help train children and adolescents in acquiring leadership skills. Families and peers offer a social structure in which youth can practise and demonstrate leadership qualities and grow into responsible adult capable of gathering information and making a good judgment

6.0 APPENDIX

7.0 REFERENCE 1) http://thehill.com/blogs/blog-briefing-room/news/406822-wealthiestrepublicansupporter-in-ohio-quits-party 2) http://www.dispatch.com/news/20180915/les-wexner-renounces-republicanpartyaffiliation-after-obama-stops-in-columbus 3) https://www.forbes.com/profile/leslie-wexner/?sh=27e2db987d2b 4) https://achievement.org/achiever/leslie-h-wexner/ 5) https://www.nytimes.com/2001/11/10/us/bella-c-wexner-93-matriarch-of-aretailchain.html...