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Importance of leadership on business success
Importance of leadership on business success
The role of a leader in the success of an organization
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1. Compare and contrast the three components of the triple constraint. Evaluate the consequences of changes occurring in each component
The three components that make up the triple threat is time, cost, and scope. When you change one the other 2 will be affected. See the chart below.
Component What it means Consequences for changing
Time This is the time it takes to complete the project When you adjust the time, require the project complete a month earlier, either the scope of the project would have to be adjusted, the amount of money required to complete the project would increase or both.
Cost This is the estimated amount of money the project will require to complete If you decrease the budget available for the project, the time my increase
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Project Procurement Management All goods and services from outside vendors or originations are focused on in procurement management (Simcrest.com, 2013).
3. Discriminate between leadership and management. Illustrate how these two terms relate to a project manager. A leader has to focus on the entire company and the larger picture. They have long term goals of the company in mind when making decisions where a manager may focus on the smaller day to day details of everyday business. For any company the leaders can be thought of upper management or the CEO or CIO of a company where management may be a sales manager or IT manager that needs to focus on everyday business in order for it to run properly (Schwalbe, 2011). When describing the necessary skills of a project manager in order to be successful, the name manager does not exactly fit. A project manager must be able to see the entire picture and be a leader for the project while also posses the ability to focus on the smaller parts of each task to ensure the project is complete properly. A project manager must contain both leadership and management skills.
4. Provide examples for each of the three major types of organizational structure that clearly distinguish
What is a leader? A leader is someone who takes command and leads an organization or group to success. Anyone can be a leader but in order to become a great leader you have to have to possess certain characteristics. I will be using Odysseus from the Odyssey isas an example of a leader who has suitable characteristics. You also have to know what harmful characteristics a leader may possess to determine if they are good leaders or not.
Leaders are actively on targeting goals and objectives for the people who work for them. In management, many goals are established by staffs and carried out by the managers themselves. Leaders will act to develop in more creative ways solve the problems; keep on going and with new missions. Managers will continue to do whatever is necessary work to accomplish the tasks and usually to get the job done without taking on too much risk or moving forward. The leader's instinct is to take risks instead and to challenge that task holding back by people and think of new ideas within an organization. Leaders more concerned on relationship between staffs, they promote the good staff, help them to develop, and move forward. Managers assign people, focus on personnel issues; and focus on how the job task get done, how they solve it, and how are they finished. (Rashid A., A., 2007).
They can persuade employees to follow them, many times due to a dynamic personality. The goals of a leader may not directly coincide with the organization, and they tend to have more diverse roles than managers. Great leaders develop styles around their personality and usually act in a way that promotes what they truly believe (Marker, 2010). Leaders focus on empowering people, the group process, information gathering, and feedback. Leaders have knowledge, can build teams, and help the team achieve goals (Marquis & Huston, 2015).
The leader is in complete control, taking charge of everything, and holding the key to success.
According to Business Dictionary.com, leadership is defined as the individuals who are the leaders in an organization, regarded collectively. It also can be define as the activity of leading a group of people or an organization or the ability to do this. Leadership involves the establishing of a clear vision, sharing the vision with other so that they will follow willingly, providing the needed information, knowledge, and methods to realize the vision and coordinating and balancing the conflicts interests of all members and stakeholders.
The skills a project manager should have are defined by Richman as people skills, project management skills and technical skills. In the case of such a large project such as the building of the TGD the project manager also needs to have integration skills and great knowledge of the organisation.
Leadership is not a position but an action that is undertaken by an individual. Leadership is not just about giving orders, yet it is the action of serving others. According to Robert Townsend, “A leader is not an administrator who loves to run others, but someone who carries water for his people so that they can get on with their jobs” (2013). A good leader will support his or hers employees because a leader is not judged on their own actions, but they are judge on the success of those that they support. In the modern era, we look at business leaders in the same way that historians view military commanders or kings of the past.
A leader is described as a person who guides others and has authority and influence over others. They work to influence others into meeting certain goals. There is no right or wrong definition of a leader and there is no recipe that ensures effective leadership. Successful leaders have a good balance of vision, influence, and power. Leaders gain their authority from their ability to influence others to get the work done; because of this, anyone has the potential to be a leader. (Finkelman. 2012, p15)
Presently many of us have learned that managers are primarily administrators who have learned to write business plans, utilize their resources and keep track of progress. We must learn that we are not limited by job title, and that means we can utilize our management skills in any position that we are in. We must also know that we can use our leadership skills in the same situations. On the other hand we have also learned that leaders are people who have an impact on those that surround them. The main difference that separates these two roles is that management is a function that must be utilized in any type of business, and leadership is the relationship that the leader has with his followers, which in turn can motivate and energize the organization.
A project manager should be aware of the key challenges and threats an organization would face as well as he/she should have the skills to tackle the crises effectively and efficiently. In addition to that, a project manager should also be able to convey the thoughts and ideas in a convenient manner who is responsible to make a framework for an effective communication to ensure clear communication between the team members even though the style of communication would be different based on the situation.
Leaders are the individuals who help to create options and opportunities. They help in identifying the choices and solve the problems. They build commitment and coalitions. Leaders do this by inspiring others and working along with them to construct the shared vision of the possibilities and commitments of a better group, organization or community. They engage the followers in such a way that most of the followers become leaders in their own right. The variety of demands of an increasingly complex world very often require that leadership be shared by most of the members of an organization, in appropriate ways for different situations. A leader is the on...
Be a successful project manager, it is really important to master some essential skills. Among all different types of skills, following are some skills consider most important that an effective IT project manager should have.
According to Shockley and Zalabak (2009) "Leadership is a process of guiding individuals, groups, and entire organization in establishing goals and sustaining action to support goals.Leadership is like mapping out where you need to go to win". A Leader is a person who has a strong personality and who has an ability to manage people and work. He is also the person who is able to direct people .Usually a leaders has a lot of attributes that
First and foremost, leaders help to motivate and develop employees in a workplace. There is a popular quote that states, “a manager
Leaders pour their hearts and souls into their people and their purpose. Leaders are all about their people and their purpose. They invest themselves fully into their