Is there a Difference?

Differences in Management Styles in the Three Baltic Countries

Presented by Larry Stout, Ph.D., MBA

Stockholm School of Economics in Riga

Reference Point – “Ideal Leadership”

Reference Point – “Ideal Leadership”

Scientific =

•Predictive not reflective

•Measurable not anecdotal

•Comprehensive not isolated

Leadership Capital

PhilosophyVision Values

Philosophy of Leader

Vision – The leader’s direction

Values – The road the leader takes to reach their vision.

Leadership Capital

Philosophy

Psychology

Vision Values Personal Interpersonal

Wisdom Trust

Courage Voice

Psychology of Leader

PERSONAL ELEMENTS

Wisdom & Courage

INTERPERSONAL ELEMENTS

Trust & Voice

Leadership Capital

Philosophy

Psychology

Vision Values Personal Interpersonal

Wisdom Trust

Courage Voice

Leadership Conditions Extrinsic Instrinsic

Period Place

People Position

Leadership Conditions

Extrinsic (Largely outside the individual’s control)

Period – the time the leader serves (the socio/economic climate works for or against the particular leader’s situation).

People – the followers either support or resist the leader’s efforts, largely for psychological reasons outside the leader’s control.

Leadership Conditions

Intrinsic (Somewhat within the individual’s control) Position – the level of impact held by the particular

office (the ability to directly effect the course of the direction of the organization).

Place – the domain or area of expertise that the individual best operates (can also be effected by the size of organization itself, some individuals work better in small or large companies.)

Leadership Capital

Philosophy

Psychology

Vision Values Personal Interpersonal

Wisdom Trust

Courage Voice

Leadership Capital measure-ments (based on the six competencies above) provide one insight into leadership strengths and weaknesses.

100

50

0

100

50

0

• Wisdom – Highest of all competencies• Values – Lowest of all competencies• Little significant difference between male & female leaders

• Majority of leaders are ‘balanced’

• Strongest of all Baltic leaders in Trust and Voice competencies

• Weaker than other Baltic leaders in Vision and to a less extent, Values

• Lithuanians had the strongest female leaders

• Strongest of all Baltic leaders in Wisdom and Courage (slightly)

• Weaker than other Baltic leaders in Trust and Voice.

• Latvian leaders are strongest in Riga (no surprise!)

• Strongest of all Baltic leaders in Vision and Values.

• Very few statistical sample for females (why is that?)

• In terms of statistical analysis, Estonians measured the best overall.

• Leadership Conditions must also be considered for leadership strength.

• Variable factor: different competencies are better given size of organization.

• Self-analysis has built-in bias, a 360 degree measurement is best.

TRUSTAttraction to the Leader

WISDOMOrganizing to move process

forward

VOICEInternal & External direction of

organization

COURAGEInspire the organization to stay competitive

Level ofdifficulty

Domain size

TRUST

WISDOM

VOICE

COURAGE