Leadership Report on Margaret Thatcher- The Iron Lady

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“ I don‟t mind how much my ministers talk, as long as they do what I say Group 5 Nazia Fairuj Monisha (RH-17) Ayman Rahman (ZR-29) Tasmia Tabassum (RH-45) Tasfia Binte Mahbub (RH-53) Shaadmaan Ahmed Siddiqui (ZR-58) Rafi Ahmed (ZR-60) Section A BBA 21st

Transcript of Leadership Report on Margaret Thatcher- The Iron Lady

“ I don‟t mind how much my ministers talk,

as long as they do what I say ”

Group 5Nazia Fairuj Monisha (RH-17)

Ayman Rahman (ZR-29)

Tasmia Tabassum (RH-45)

Tasfia Binte Mahbub (RH-53)

Shaadmaan Ahmed Siddiqui (ZR-58)

Rafi Ahmed (ZR-60)Section A

BBA 21st

INTRODUCTION

First female to hold

the position of Prime

Minister of UK

Held office from

1979 to 1990

The longest

serving British

Prime Minister

of the 20th

century

Given the name

"Iron Lady”

for her

uncompromising

leadership style

Implemented

policies that have

come to be known

as Thatcherism

Died in London at

the age of 87 in

2013

Democratic

Autocratic

Charismatic

Transformational

Transactional

Laissez-faire

6 LEADERSHIP STYLESTHATCHERISM

•“I shan't be pulling the levers there but I

shall be a very good back-seat driver”

• Her actions didn‟t match her words

• Unwilling to compromise

• Not really her style

Democratic

Autocratic

Charismatic

Transformational

Transactional

Laissez-faire

6 LEADERSHIP STYLESTHATCHERISM

• „Do as I say‟ approach

• Complete intolerance of dissent

• Less emphasis on group discussion

• Feared by others

• Yet, admired for her ability to get things

done

Democratic

Autocratic

Charismatic

Transformational

Transactional

Laissez-faire

6 LEADERSHIP STYLESTHATCHERISM

• Robust self confidence

• Ability to articulate her strong vision

• Was able to impose her charismatic

personal authority

• Encourage, influence and communicate with

her followers

Democratic

Autocratic

Charismatic

Transformational

Transactional

Laissez-faire

6 LEADERSHIP STYLESTHATCHERISM

• It was her strong values, ideas, vision that

defended British territory

• Broke orthodox political ideals with the

essence of her politics, “Thatcherism”

• Posed challenge to both her domestic

political rivals and international opponents

Democratic

Autocratic

Charismatic

Transformational

Transactional

Laissez-faire

6 LEADERSHIP STYLESTHATCHERISM

• Put emphasis on “strong relationship building”

• Forged strong political alliances (e.g. Ronald

Reagan from USA)

• Formed relations based on reward-giving

approach

• When the relations became strained, reprimands

were issued

Democratic

Autocratic

Charismatic

Transformational

Transactional

Laissez-faire

6 LEADERSHIP STYLESTHATCHERISM

Never followed by the Iron Lady

She didn‟t sway from her beliefs

Thatcher was confronted by a

male-dominated political sphere

“A leader‟s effectiveness is

based on the situation”

She adapted her means to

achieve the ends

Becoming the Iron Lady

Against

All OddsBut MOST importantly…

Revived the British tradition of individual initiative

and personal responsibility at a time of crisis

Defeated predatory trade-unionists

Sold off government owned property

Reduced tax rates

In Comparison With

One of Her

Contemporaries

Margaret Thatcher Ronald ReaganRole Clear and communicated with passion An extroverted communicator to the people and followers

Results 1) Won the Falklands War

2) Increased flexibility of Labor Market

3) Increased prestige of the

British foreign policy

4) Empowered british women

1) Confined communism in latin america

2) Expanded the war on drugs.

3) Ended Cold War

Traits 1) Autocratic, directive

2) Strived for authority and power

3) Sometimes intolerant and impatient

1) Autocratic but in a paternalistic manner2) Believed in individualism

3) Used his Hollywood popularity to publicize his

proposals

Thatcherism (Based on Leadership Trait Theory)

Integrity

Reputation

and morale

Commitment to

excellence

Thatcherism

Most Notable AchievementsThe Falklands war

Right to buy scheme

Supply side reforms and entrepreneurship

Foreign investment

Defeat of the trade unions

Privatizations and share ownerships

End of the cold war

To achieve these ends, she had to

pose high interest rates

Which ultimately made the strong

corporations stronger

But ruined small mom-and-pop

enterprises

Pulled the british

economy through

high recession

and inflation

CRITICISM: Recovering from stagflation

She did not use her diplomatic clout to

negotiate Hong Kong‟s independence

She did not use her NATO‟s position to bring

sanctions against USSR when USSR invaded

Afghanistan

Did not use her influence to stop USA

invade Grenada to topple an elected

communist leader

Warm relations with

ChinaStrong diplomacy alleviated

Cold War politics

Made Britain‟s voice heard

to the world

CRITICISM: Underutilizing Strong diplomacy

Eventually cost her the premiership

CRITICISM: Lacking clear vision and direction

Indecisive prior to joining ERM

Not setting a clear goal confused many

stakeholders

Gradually got out of sync with her

electorates on how she dealt with them

Ignored polls showing her as least popular

prime minister

Rebutted questions aimed at her by referring

to her general election success rate

CRITICISM: Not learning from mistakes

Ruthlessly one sided policy making

Started losing the trust of people

Lost all her cabinet members from original

1979 cabinets through resignations

CRITICISM: Lacking interpersonal skills

Dominant trait: Autocratic leader

Exhibited other spectra of leadership

Success and failures attributed from her leadership style

One of the most illustrated woman leaders from the 20th century

TAKEAWAYS

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