Role of laissez-faire leadership in talent management: Evidence from the pharmaceutical industry of Bangladesh
Laissez-faire leadership is mainly perceived as zero leadership, and research on it is relatively scant compared with other dominant approaches to leadership. Although the adverse effects of laissez-faire leadership have been well examined, its influence on talent management (TM) has been undiscover...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-06-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844023044420 |
| _version_ | 1797798707363577856 |
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| author | Mohammad Ali Muhammad Shariat Ullah |
| author_facet | Mohammad Ali Muhammad Shariat Ullah |
| author_sort | Mohammad Ali |
| collection | DOAJ |
| description | Laissez-faire leadership is mainly perceived as zero leadership, and research on it is relatively scant compared with other dominant approaches to leadership. Although the adverse effects of laissez-faire leadership have been well examined, its influence on talent management (TM) has been undiscovered. This study assessed the impact of laissez-faire leadership on TM strategies, including talent attraction, retention, engagement, and development. Data were collected from 460 employees of pharmaceutical companies in Bangladesh using judgmental sampling. Structural equation modeling was employed to test the hypothesized relationships between laissez-faire leadership and TM strategies using social exchange theory. This study found positive effects of laissez-faire leadership on talent attraction, retention, development, and engagement. These findings suggest that if talented employees are given freedom, they tend to engage and secure more opportunities for self-directed development by solving problems independently. This study contributes to the understanding of how laissez-faire leadership may constructively affect TM in the context of a developing economy's pharmaceutical industry. Finally, this study provides recommendations for practitioners of pharmaceutical companies to improve their strategic choices regarding laissez-faire leadership to ensure better TM strategy practices. |
| first_indexed | 2024-03-13T04:08:55Z |
| format | Article |
| id | doaj.art-f33b3fa3d6b341c7b3755d795e1ec70d |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-13T04:08:55Z |
| publishDate | 2023-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-f33b3fa3d6b341c7b3755d795e1ec70d2023-06-21T06:58:38ZengElsevierHeliyon2405-84402023-06-0196e17234Role of laissez-faire leadership in talent management: Evidence from the pharmaceutical industry of BangladeshMohammad Ali0Muhammad Shariat Ullah1Department of Business Administration in Management Studies, Bangladesh University of Professionals (BUP), Dhaka, Bangladesh; Corresponding author.Department of Organization Strategy & Leadership, Faculty of Business Studies, University of Dhaka, BangladeshLaissez-faire leadership is mainly perceived as zero leadership, and research on it is relatively scant compared with other dominant approaches to leadership. Although the adverse effects of laissez-faire leadership have been well examined, its influence on talent management (TM) has been undiscovered. This study assessed the impact of laissez-faire leadership on TM strategies, including talent attraction, retention, engagement, and development. Data were collected from 460 employees of pharmaceutical companies in Bangladesh using judgmental sampling. Structural equation modeling was employed to test the hypothesized relationships between laissez-faire leadership and TM strategies using social exchange theory. This study found positive effects of laissez-faire leadership on talent attraction, retention, development, and engagement. These findings suggest that if talented employees are given freedom, they tend to engage and secure more opportunities for self-directed development by solving problems independently. This study contributes to the understanding of how laissez-faire leadership may constructively affect TM in the context of a developing economy's pharmaceutical industry. Finally, this study provides recommendations for practitioners of pharmaceutical companies to improve their strategic choices regarding laissez-faire leadership to ensure better TM strategy practices.http://www.sciencedirect.com/science/article/pii/S2405844023044420Laissez-faire leadershipTalent managementTalent attractionTalent retentionTalent engagementTalent development |
| spellingShingle | Mohammad Ali Muhammad Shariat Ullah Role of laissez-faire leadership in talent management: Evidence from the pharmaceutical industry of Bangladesh Heliyon Laissez-faire leadership Talent management Talent attraction Talent retention Talent engagement Talent development |
| title | Role of laissez-faire leadership in talent management: Evidence from the pharmaceutical industry of Bangladesh |
| title_full | Role of laissez-faire leadership in talent management: Evidence from the pharmaceutical industry of Bangladesh |
| title_fullStr | Role of laissez-faire leadership in talent management: Evidence from the pharmaceutical industry of Bangladesh |
| title_full_unstemmed | Role of laissez-faire leadership in talent management: Evidence from the pharmaceutical industry of Bangladesh |
| title_short | Role of laissez-faire leadership in talent management: Evidence from the pharmaceutical industry of Bangladesh |
| title_sort | role of laissez faire leadership in talent management evidence from the pharmaceutical industry of bangladesh |
| topic | Laissez-faire leadership Talent management Talent attraction Talent retention Talent engagement Talent development |
| url | http://www.sciencedirect.com/science/article/pii/S2405844023044420 |
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