| Abstract: | This study was aimed to assess the Practices of Organizational Leadership at Lucy Insurance S.C. The research approach followed were Quantitative research methods with a descriptive research design. In conducting this study, both primary and secondary data were collected using structured questionnaires and other published materials. The sampling technique used were census method in which all the managerial and non-managerial employees were taken for the study. Out of 160 employees 130 non-managerial and 30 managerial employees were taken to conduct the study. Descriptive statistics such as frequency counts, percentages, tables, mean scores, standard deviation and Grand mean were employed to analyze the gathered data. Consequently, the data were analyzed and interpreted quantitatively by using SPSS-version 26 statistics software package. The findings of the study clearly showed that though Lucy Insurance SC has long implemented Leadership practices in which employees are not satisfied or even properly served by the system due to its subjective and non-participatory nature of leadership styles. The study also points out the major problems faced by leaders to practices effective leadership styles, such as workers lack of commitment and their tendency of change resistance. In alleviating this and other problems, the study recommended that the insurance should benchmark best leadership development practices in the industry like, provide training and development on timely basis in enhancing employee’s skills and capabilities, build capabilities across the company to ensure the business stays successful in the future. Also, on the basis of the findings of the study, it was recommended that the concerned bodies should strive for applying democratic leadership, transformational and transactional leadership practices while building strong human capital structure at the same time. Therefore, further study is needed to analyze the leadership practice, leadership style, organizational performance and employee’s attitude in the private insurance companies in Ethiopia. |
