Leadership capabilities, management selection – game theoretic modelling

Kurt April, Kirill Riabtsev, Kai Peters

Research output: Contribution to journalArticle

Abstract

This paper lays the foundation for constructing a comprehensive analytical tool for selection of managers on the basis of core leadership capabilities. A game theoretic model, where the key coefficient of the input vector was inferred from the twelve variables of the April² Leadership Enhancement Framework, using a set of structural equations, was adopted to reach the goals of the study. The underlying data for estimation of the coefficient was sampled from the population of graduate management students from a leading South African business school using Likert scale questionnaires. The paper finds highly significant predictive relationships between the key variables of the April² Leadership Enhancement Framework, confirming the theoretical claim of the model that managers with higher levels of development of these twelve characteristics can be regarded as having greater leadership capability. The structural equations revealed that the key coefficient of the main input vector of the game, despite having highly significant explanatory power over the underlying variables, is not generalizable. Further research should focus on improvement of the fit, by sampling from wider populations in order to make the tool applicable across the board. An important implication of the constructed model is that the signalling game of incomplete information, combined with key variables of the Leadership Enhancement Framework, serves as a robust foundation for a further development of an analytical tool for a structured selection of managers on the basis of their core leadership capabilities. It is also a first known attempt to combine psychometric techniques with a game theoretic framework in the context of leadership development.
Original languageEnglish
Pages (from-to)207-218
Number of pages12
JournalProblems and Perspectives in Management
Volume8
Issue number4
Publication statusPublished - 2010

Fingerprint

leadership
management
manager
business school
research focus
Modeling
Management capability
psychometrics
graduate
questionnaire
Coefficients
Managers
Enhancement
student
Structural equations

Keywords

  • bayesian network
  • framework
  • hlt coefficient
  • jel classification
  • leadership enhancement
  • m51
  • signalling game
  • values

Cite this

Leadership capabilities, management selection – game theoretic modelling. / April, Kurt; Riabtsev, Kirill; Peters, Kai.

In: Problems and Perspectives in Management, Vol. 8, No. 4, 2010, p. 207-218.

Research output: Contribution to journalArticle

@article{825041c07438447c8f6b8e9b8e952702,
title = "Leadership capabilities, management selection – game theoretic modelling",
abstract = "This paper lays the foundation for constructing a comprehensive analytical tool for selection of managers on the basis of core leadership capabilities. A game theoretic model, where the key coefficient of the input vector was inferred from the twelve variables of the April² Leadership Enhancement Framework, using a set of structural equations, was adopted to reach the goals of the study. The underlying data for estimation of the coefficient was sampled from the population of graduate management students from a leading South African business school using Likert scale questionnaires. The paper finds highly significant predictive relationships between the key variables of the April² Leadership Enhancement Framework, confirming the theoretical claim of the model that managers with higher levels of development of these twelve characteristics can be regarded as having greater leadership capability. The structural equations revealed that the key coefficient of the main input vector of the game, despite having highly significant explanatory power over the underlying variables, is not generalizable. Further research should focus on improvement of the fit, by sampling from wider populations in order to make the tool applicable across the board. An important implication of the constructed model is that the signalling game of incomplete information, combined with key variables of the Leadership Enhancement Framework, serves as a robust foundation for a further development of an analytical tool for a structured selection of managers on the basis of their core leadership capabilities. It is also a first known attempt to combine psychometric techniques with a game theoretic framework in the context of leadership development.",
keywords = "bayesian network, framework, hlt coefficient, jel classification, leadership enhancement, m51, signalling game, values",
author = "Kurt April and Kirill Riabtsev and Kai Peters",
year = "2010",
language = "English",
volume = "8",
pages = "207--218",
journal = "Problems and Perspectives in Management",
issn = "1727-7051",
publisher = "Business Perspectives",
number = "4",

}

TY - JOUR

T1 - Leadership capabilities, management selection – game theoretic modelling

AU - April, Kurt

AU - Riabtsev, Kirill

AU - Peters, Kai

PY - 2010

Y1 - 2010

N2 - This paper lays the foundation for constructing a comprehensive analytical tool for selection of managers on the basis of core leadership capabilities. A game theoretic model, where the key coefficient of the input vector was inferred from the twelve variables of the April² Leadership Enhancement Framework, using a set of structural equations, was adopted to reach the goals of the study. The underlying data for estimation of the coefficient was sampled from the population of graduate management students from a leading South African business school using Likert scale questionnaires. The paper finds highly significant predictive relationships between the key variables of the April² Leadership Enhancement Framework, confirming the theoretical claim of the model that managers with higher levels of development of these twelve characteristics can be regarded as having greater leadership capability. The structural equations revealed that the key coefficient of the main input vector of the game, despite having highly significant explanatory power over the underlying variables, is not generalizable. Further research should focus on improvement of the fit, by sampling from wider populations in order to make the tool applicable across the board. An important implication of the constructed model is that the signalling game of incomplete information, combined with key variables of the Leadership Enhancement Framework, serves as a robust foundation for a further development of an analytical tool for a structured selection of managers on the basis of their core leadership capabilities. It is also a first known attempt to combine psychometric techniques with a game theoretic framework in the context of leadership development.

AB - This paper lays the foundation for constructing a comprehensive analytical tool for selection of managers on the basis of core leadership capabilities. A game theoretic model, where the key coefficient of the input vector was inferred from the twelve variables of the April² Leadership Enhancement Framework, using a set of structural equations, was adopted to reach the goals of the study. The underlying data for estimation of the coefficient was sampled from the population of graduate management students from a leading South African business school using Likert scale questionnaires. The paper finds highly significant predictive relationships between the key variables of the April² Leadership Enhancement Framework, confirming the theoretical claim of the model that managers with higher levels of development of these twelve characteristics can be regarded as having greater leadership capability. The structural equations revealed that the key coefficient of the main input vector of the game, despite having highly significant explanatory power over the underlying variables, is not generalizable. Further research should focus on improvement of the fit, by sampling from wider populations in order to make the tool applicable across the board. An important implication of the constructed model is that the signalling game of incomplete information, combined with key variables of the Leadership Enhancement Framework, serves as a robust foundation for a further development of an analytical tool for a structured selection of managers on the basis of their core leadership capabilities. It is also a first known attempt to combine psychometric techniques with a game theoretic framework in the context of leadership development.

KW - bayesian network

KW - framework

KW - hlt coefficient

KW - jel classification

KW - leadership enhancement

KW - m51

KW - signalling game

KW - values

M3 - Article

VL - 8

SP - 207

EP - 218

JO - Problems and Perspectives in Management

JF - Problems and Perspectives in Management

SN - 1727-7051

IS - 4

ER -