Economics and management of enterprises

Relationship between the leadership style and organizational performance in Hungary

Economic Annals-XXI

Economic Annals-ХХI: Volume 190, Issue 5-6(2), Pages: 128-135

Citation information:
Karacsony, P. (2021). Relationship between the leadership style and organizational performance in Hungary. Economic Annals-XXI, 190(5-6(2)), 128-135. doi: https://doi.org/10.21003/ea.V190-12

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Peter Karacsony
PhD (Economics),
Associate Professor,
Faculty of Economics and Informatics,
J. Selye University
3322 Bratislavská cesta Str., Komarno, 94501, Slovak Republic
karacsonyp@ujs.sk
ORCID ID: https://orcid.org/0000-0001-7559-0488

Relationship between the leadership style and organizational performance in Hungary

Abstract. Effective leadership is one of the most essential tools for an organization to sustain its business in the face of problems caused by the global economic environment. Successful managers can influence their employees and motivate them for strengthening organizational performance. The effective leadership style as a unique way of integrating employees with the organization to achieve its vision or goals. The current study provides a deeper insight into the factors of effective leadership style of organizations. The research paper is seeking to examine the relationship of leadership style and organizational performance by quantitative analysis of 376 participants in Hungary. The results showed a correlation between the dimensions of leadership style and organizational performance. It was also found that leadership style predicted organizational performance, which meant a 29% variance in performance. The findings of this study may assist current and future managers who are seeking to improve organizational effectiveness.

Keywords: Hungary; Leadership Style; Manager; Organizational Performance; SME

JEL Classification: D23; J53; M12; O15; J24

Acknowledgements and Funding: The publication of this article was funded by the Pallas Athéné Foundations.

Contribution: The author contributed personally to this work.

DOI: https://doi.org/10.21003/ea.V190-12

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Received 24.04.2021
Received in revised form 26.05.2021
Accepted 3.06.2021
Available online 10.07.2021

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