6th ed. McGraw-Hill Higher Education, pp.103 - 131. • Mindtools, (2014). Theory X and Theory Y: Understanding Team Member Motivation. [online] Available at: http://www.mindtools.com/pages/article/newLDR_74.htm [Accessed 26 May.
Introduction The progress of a company is determined by the leadership approach adopted by the leaders. Therefore, the selection process of a prominent leadership position needs careful consideration of the leadership traits and style of potential candidate. This work explores different leadership concepts and issues that need to be considered as part of the selection process. This work starts by identifying the meaning of a leader. This includes identification and clarification of the leadership traits that are required for an effective leader.
Critically evaluate the mission, vision and values of a company that you are familiar with and propose alternative formulations of same The Mission, Vision and Values of a company play a Fundamental role in Strategy Formulation and Strategic planning. We will discuss throughout this assignment, how developing effective mission, vision and values can help shape, develop and guide a firms Strategic choices. They reflect the firm's fundamental core ideology. At the most basic level a mission statement can describe the firms overall purpose for being. It provides an inside to the present business scope and purpose of the firm that is "who we are, what we do, and why we are here".
The Mission, Vision and Values of a company play a Fundamental role in Strategy Formulation and Strategic planning. We will discuss throughout this assignment, how developing effective mission, vision and values can help shape, develop and guide a firms Strategic choices. They reflect the firm's fundamental core ideology. At the most basic level a mission statement can describe the firms overall purpose for being. It provides an inside to the present business scope and purpose of the firm that is "who we are, what we do, and why we are here".
According to Tankovic, developing strategies for an organisation begins with analysing the external conditions and available resources and then analysing the company’s mission and vision to determine whether they align because the latter two form the basis of achieving the former (2013). An organisation’s mission and vision are significant part not only of strategic management, but also communicating with the stakeholders and the customers about their intentions. Based on the vision and mission, Carlson’s strategy is to build the team, satisfying the customer, delivering its family of business and working smarter and not harder. The company understands that they need teams and innovative way of thinking to accomplish their
For employees it should give direction on the organizations expectations and should inspire them to give their best to the organization. For consumers it should give an understanding on why they should work with the organization (Tools). A mission statement is “a set of organizational goals that include both the purpose of the organization, its scope of operations and the basis of its competitive advantage (Dess, Lumpkin, Eisner, & McNamara, 2014).” The mission statement should concentrate on the present. It will define critical processes within the organization, while defining the company’s purpose and objectives. The primary audience should be stakeholders (consumer, employees, suppliers and owners) as well as leadership.
Leadership is an act of leading a group of people or an organisation showing direction or a source of inspiration (Hanks 1986). It is a very important role when it comes to business which provides direction of an organisation towards success or failure. Leadership effectiveness depends on what style of leadership is being used. Different leaders take up different leadership styles to lead people or organisations. This essay will be looking at the different leadership styles with focus on the transformational leadership with examples and a critical analysis on impact on employee drive and organisational culture and influences on the business.
Introduction Organizations big and small should understand the importance of future focused succession planning and the ability to identify knowledge, skills and abilities needed to perform certain functions needed for organization to succeed; and developing the human capital (talent) to perform these functions. Organizations that will be successful are those that have talent with varied skills and abilities and are able to adapt to the future demands (Silzer & Dowell, 2010). Techniques The challenge for businesses is in the prediction and who has the potential to be what the business needs currently and in the future (Silzer & Dowell, 2010). When an organization is charged with succession planning it is important to figure out the gaps. This writer would employ development planning which is directly integrated with the business needs and competency requirements (Silzer & Dowell, 2010).
Also, such data can be used as an input for SWOT analysis which includes the assessment of strengths, weaknesses, opportunities and threats that the organization sustains with. • Mission, Vision and Value Alignment- Alignment is one of the most critical concepts of business planning. Every organization must have a clear picture of its stated mission and vision. It is also necessary for its owners to have an idea of why the business exists, what services it provides and who its clients are. With these in place and with the help of business planning, goals and objectives are aligned with the mission, vision and values of an organization.
Whether composed as a statement of purpose, talked or simply comprehended, organizational culture depicts and represents the ways an organization's proprietors and representatives think, feel and act. Our own particular business' culture may be in light of convictions spelled out in the statement of purpose. It could comprise in a part of a corporate image. Whatever shape it takes, our organization assumes a major function in deciding how well our business will do. Each organization has a culture, yet our objective as a business visionary is to support one that makes a feeling of achievement and incorporation among employees, while giving a portion of the intangibles to organization achievement.