Literature review Essay Example | Topics and Well Written Essays - 2500 words - 1

Literature review - Essay Example adership has led to some difficulties in implementation, the potential benefits for the organization as well as the stakeholders, meaning owners, board members, managers, employees and consumers cannot be ignored. The following literature review illustrates this progression. In â€Å"Meta-Analytic Reviews of Board Composition, Leadership Structure and Financial Performance† (Dalton et al, 1998), the authors establish that there is no direct connection between the composition of traditional organizational boards or board leadership structures and financial performance of the organization despite widespread belief that such a relationship exists. After exposing this basic belief, the authors examine a number of different forms of board compositions and leadership structures and illustrate the means used to evaluate any relationship between these and the firm’s financial performance. Although these relationships have been studied in a variety of ways in the past, this study focuses on bringing the research together to determine whether the findings have yielded any meaningful results. Because this study takes into account numerous other studies, it is able to provide a more broadly-based view upon the findings of each study conducted and conc ludes that, despite individual reports of inconclusive results, is able to demonstrate that while there does not seem to be any direct relationship evident between the board and the firm’s financial performance, further study into the various ways board subcommittees might affect the firm is recommended, giving rise to many new theories regarding organizational leadership. In a study entitled â€Å"The Illusion of Leadership† (Weber et al, 2001), the problem of the large group in bringing about effective, efficient leadership in the organization is examined as the authors study how groups tend to work together through the use of coordination games. The authors suggest that the traditional means by which individuals are