| Abstract: | Effective leadership practice has directly related to organizational goal achievement. The purpose of this study is to assess leadership practice of EEPCo, to identify how much EEPCo’s managers are practicing the recent leadership theories such as, transformational, transactional and transcendent leadership styles and to forward recommendations on how to improve the leadership practices to achieve corporate goals. More specifically, the study had tried to address the leadership practices of EEPCo’s management in terms of leadership style, decision making, the role of leaders, and coaching, mentoring, and relationship practices. For realization of the study, the researcher employed both quantitative and qualitative research. Both primary and secondary data were used to collect the required information. A combination of systematic random sampling, and stratified sampling methods was used to select the samples from the target population. Besides, structured questionnaire and interviews were used to obtain the required data from professional employees, executives and middle managers that are found in Addis Ababa. Descriptive data analyses methods were used for analyzing and presenting the standard questionnaire and interview questions. The findings of the study revealed that the practiced leadership style of the corporation is more of task oriented approach, which means modern leadership style has been less practiced in EEPCo. The perception of leaders about themselves and the understanding of employees about leaders were found to be different. Regarding decision making, the leaders are not well recognized the employees and there are also problems of coaching, mentoring and communication. Thus, it was recommended that the corporation managers need to change their leadership practice from traditional leadership to modern leadership particularly through using transformational leadership style. |
