Factors Affecting the Degree of the Shard Leadership Style of Managers: Empirical Evidence from Sri Lanka

Abstract

Regardless of whether the company is profit-oriented or service-oriented, the idea of leadership is important. It has long been understood that leadership makes the difference between an organization's success and failure. Much has been said about leadership style and achieving corporate goals and objectives in management circles. The idea of mutual leadership has received a lot of attention in recent years. Teams with a shared leadership structure outperform those with a conventional vertical leadership structure, according to previous studies. However, research on the factors that may affect the relationship between shared leadership and team success is missing. This study purposes to identify the factors that affect a leader's level of shared leadership, which suggests that managers in Sri Lankan organizations have high morale and productivity. 480 managers from manufacturing, trading, banking/insurance, and service organizations in the private, semi-public, and public sectors were chosen as the research sample to adopt different leadership styles in order to achieve the study's objectives. The T-P leadership questionnaire, developed by Ohio State University, is commonly used to evaluate management leadership styles and was used in this research. To assess the factors influencing the leaders' degree of mutual leadership style, ten hypotheses are tested. The Contingency Table calculates the relationship between the Chi-Square Test variables and the level of shared leadership style among leaders. To test the relationship between the degree of shared style and the independent variables, ten hypotheses were established. At a 5% significance level, all Ho hypotheses are dismissed, according to the findings. As a result, we can deduce that there is a connection between the degree of shared style and variables like management level, age, and experience, industry, form of role, field of specialization, ownership sector, number of subordinates, educational attainment, and gender of the leaders.