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Leadership has been defined in many different ways, but most definition share the assumption that it involved an influence process.
Leaders need skills in managing conflict, facilitating constructive problem solving, and dealing with common process problems that occur in groups.Shared leadership is unlikely to be effective if employees do not share the objectives, if they do not want to take responsibility or if they do not trust the leader and other employees.
Thus shared leadership is not any 'ism' that makes us succesful and leadership easier than before. The key aspect is that leadership is seen as a social process. The employees are understood as playing a role in influencing and creating leadership.

