An appropriate leadership model for the banking industry
Abstract
This study aims to measure the managerial skills of managers working in the
banking industry. To do so, the newly developed managerial skills measuring
instrument of Thekiso (2011) was used by to determine skills for managerial
competence in the banking industry. The seven managerial skills that are covered in
the questionnaire are: Self awareness skills; Self directed career planning;
Integrative skills; Planning and controlling skills; Organizing skills; Leading skills;
and Managing change skills.
Even though some skills may appear on a less frequent basis, six of the seven skills
were rated to be of a high importance, with their means ranging between 4.008 and
4.480 on the 5–point Likert scale. Training in the form of mentoring and stewardship
programs, to transfer knowledge and introduce existing relationships to up and
coming leaders, would be of great value for companies in the banking industry to
foster these seven managerial competency skills. By implementing training and
mentoring programs on a much broader scale, organisations can train and use their
leaders’ abilities to gain competitive advantage in the market.
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