Business today has to face many difficulties especially in a post-GFC world. To sustain and survive over this period, there have been many challenges that business leadership has to deal with. Besides that, business leaders has also confront with many challenges in the arrangement with the effects of the GFC. In response to this outcome, many organizations have been used innovative leadership approaches. The intention of this discussion is to discuss about these mentioned above.
Firstly, there are many business leadership challenges and suitable solutions that could be applied in the post-GFC world. Globalization is the first one to involve in. According to Voegtlin, Patzer, and Scherer (2012), the negative side outcome of globalization lead to a corrosion of corporate legitimacy, a loss of public trust in directors and partnerships, and to the deterioration of social capital. To solve this, CSR has become a motivated method on the organizational program performing the companies’ conflict to keep legitimacy as a necessary resource of business conduct (Palazzo, Scherer and Suchman, cited in Voegtlin, Patzer, and Scherer, 2012, p.3). It is absolutely assert that management education is the second one to participate in the crisis. It is required MBA students to expand increased personal attention, interpersonal skills and teamwork skills. Furthermore, Datar, Galvin and Curlen (cited in Waddock and Lozeno, 2013, p. 266) also mention that better notice organizational corporality, more completely carry out, critical thinking, obvious interaction are also necessary for MBA students. Managing innovation and creativity within organizations is also being causing by the recent GFC, which are known as the third business leadership challenges ...
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... events and activities. On the other hand, VVP program’s outcomes and impact is connecting the distance between professional and personal proportions of management and leadership (Waddock and Lozano, 2013, p. 272). As a consequence, this program develops new attitudes toward personal engagement and effect professional changes and new commitment. To sum up, both two programs have their own positive and negative sides, but at that time, they are both useful for their customers.
In conclusion, leadership challenges and possible strategies in a post-GFC world have become an important part not only for organizations but also for leaders and managers. In this writer’s opinion, in response to GFC, there are many challenges in diverse areas require business leaders to deal with. Many organizations have created some programs that might help leaders to overcome this crisis.
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.
Leadership directly impacts an organization's bottom line, employee satisfaction, and turnover; it can impact how the organization is viewed by society and in particular its marketing audience. This is particularly significant during a downturn in economic markets. Organizations must meet budgetary controls, and need to communicate...
Leaders: Strategies for Taking Charge is an organizational management book written by Warren Bennis and Burt Nanus for those who aim to become better leaders. The authors emphasize that having executive positions or being a manager does not automatically make one a leader. A leader is one who inspires his staff, help them find purpose in their work, and effectively implement their plans. They separate the book not quite into chapters on different topics, but rather by four strategies that they have determined are vital for any leader to take on. The strategies are effectively concluded as attention through vision, meaning through communication, trust through positioning, and the deployment of self. A prominent feature of Leaders is the various
Across the globe, there are CEO’s, managers, and several other individual’s in leadership-type roles that have the expectation of making their company successful in the eyes of the investors, the employees, and the customers that they serve. This may be measured by a company’s gross profitability, employee engagement or overall customer satisfaction. Most companies have leadership models and strategies in place that leaders are expected to use in order to drive the expectations of the company while maintaining consistency across the business. In an effort to examine various types of leadership styles, I have conducted interviews with two individuals that are or have been previously tasked with leading their teams and their company towards success.
One of the topics in organizational development today is leadership. Leadership is what individuals do to mobilize other people in organizations and communities. According to Kouzes & Posner, there are five practices and ten commitments of exemplary leadership. The five practices of exemplary leadership include: Model the way, inspire a shared vision, challenge the process, enable others to act, and encourage the heart. In the Leadership Challenge, Kouzes and Posner found similar patterns and actions of leadership that created the essentials to achieve success. Utilizing the research conducted by Jim Kouzes and Barry Posner, I have created a leadership plan that would apply to the Admission Department at Texas Wesleyan University.
Billionaire, co-founder of Microsoft, and philanthropist Bill Gates will soon announce the creation of a multibillion dollar clean energy fund. This will be done with the contributions of other billionaire donors as well as with the backing of many other countries including China and India. Gates will attend the Paris climate negotiations along with over 100 other world leaders. If one were to look at this with no knowledge of leadership theories they may think something along the lines of “Bill Gates is a great leader,” although they may not recognize why or how this is being done. Leadership scholars would see this move by Gates as a prime example of several key concepts to leadership theory including the use of ethical leadership, social change theory, and the recognition of the phases of making change.
The leadership is a privilege and it is such a privilege and an honor which will carry the tremendous responsibility which will inspire others to direct them to accomplish goals and vision of the organization. Leadership is about influencing the people, by producing direction, purpose and motivating in order to accomplish the mission, vision and improving the organization. The leadership philosophy is evolved based on the experiences, both positive and negative, in most of the initiatives and activities that we undertake. It is also one among the collaboration and teamwork within which the team members can utilize each other’s strengths to counter the weaknesses of the individuals. By observing, introspecting and experimenting we can developed a leadership paradigm which is inclusive, collaborative and proactive. We can develop the ability to recognize which will approach in order to reach the productive conclusion. The great leaders know their limitations and are capable at utilize their strengths and also the strengths of others to compensate.
With so many constant changes today with different generations, legal and political circumstances and ever-changing and improving technology sources, organizations have new and recurring issues arising every single day. The reasons for these issues vary widely and develop because of so many different situations. The outcome of the situation depends on many factors including the issue at hand, the management style and the ethics of the organization to simply name a few. These outcomes can certainly make or break an organization if not handled appropriately. The issue I have found to be the most significant is leadership. Within leadership, there is the opportunity for many issues in itself.
People always talk about how important it is for companies to have a good leader, someone who not only keeps the blue numbers, but also achieves a loyalty from customers, pleasant working environment, successful business partnerships and ahead of the competition.
Many models are used to assist in understanding various leadership concepts. The one discussed in this essay is designed to illustrate the process of moving from a vision to a strategic execution. This class has given us the aptly named, “From Vision to Execution,” model. This model takes the shape of an inverted pyramid with six stages; Vision, Team Building, Environmental Scanning, Strategic Intent, Calibration, and Execution. This model, and the paragraphs below, are intended to show the necessary steps to take a broadly defined vision, evaluate and assemble the appropriate resources, review and design a plan of attack, and ultimately bring the vision to life. Encompassing each step is the overarching issue of constraints. Constraints can, and will, manifest themselves each step of the way. As seen in our slides, constraints can be regulation and laws, shareholders, the Board of Directors, social pressures and sanctions, legitimacy, or possibly even the vision itself. It is critical that leaders know where they want to go, and have a roadmap for getting there. This model is that roadmap. While it is not all-inclusive of the many talents leaders must possess, it does reflect many of the talents the great ones had. To further illustrate the model I will incorporate many examples of distinguished leaders from videos and class (Jobs, Kelleher, Welch), rely on several articles (Isaacson, PWC, Schwarber, Quiznos), and reiterate some information from our slides.
The role of leadership can impact an organization performance in many ways. Excellent leadership can propel a company to the fortune five hundred list. For Example, Harpo Incorporated Oprah Winfrey’s company is a successful business that has made billions of dollars over the years. The business consists of several different entities such as the Oprah Show, Oprah Winfrey Network, and The Dr. Phil Show to name a few. This could not have been accomplished with a weak or uneducated leader. Many years ago I heard her give advice to the Williams Sisters. The a...
Leadership, without doubt, is a significantly important function of management. It helps to aggrandize efficiency and to fulfil an organization’s goals. Leadership is the ability of a manager to induce the subordinates to work with confidence, determination, courage and zeal. It is also defined as ability to influence a group towards the realization of a goal. Leaders should have the capability of developing future visions, and to drive the organizational members to want to attain the visions. This paper states my points in which I duly believe, justifies the importance of an outstanding leader in any organization.
The case study and readings in this class have painted a clear picture of the various ways one can be a leader, the catalyst that has inspired the least likely to lead to action and the many different capacities in which one is a leader. From the parent whose child is the victim of abuse to the CEO of a major corporation, leadership can spring forth and blaze trails never imagined by others. I learned that on my journey to executive leadership, I can begin leading in my current capacity as an analyst. I do not need to wait to be given the “thumbs up” to lead, as I can be a leader in many ways everyday. Leadership is not about magnificent speaking or major endeavors, “it is about coping with change” (Kotter, p.31, 2003). We all are subject to situation dealing with change daily, it is all about how we cope with it and how others interpret and accept our coping skills.
Leadership is one of the most important facets in organizations. In most cases, leaders act with respect to organizational culture as well as the codes of conduct that determine the manner in which leaders relate with subordinates. Leadership entails the use of effective communication skills to get activities done in the workplace and to ensure that employees shelve their individual interests for the sake of their organizations’ shared targets. It is the role of leaders to ensure that consumers attain high quality products and services by making certain that members of their firms’ workforce are fully motivated to work effectively and utilize resources in an efficient manner (Bass, 22). With the increasingly sophisticated nature of the corporate world, leadership should not be based solely on the desire to control and coordinate affairs within the workplace, but leaders should also exhibit positive examples and continually monitor the changing trends in corporate governance to initiate the most relevant guidelines. Competitiveness can only be attained when leaders are in a position to set the right standards in their firms and coordinate affairs appropriately by understanding consumer and employee needs.
More often organizations are getting into bigger risks in the market with their leaders in nowadays economy. The resistance to change is a reason why organizations trying harder to keep earlier recognized reputation within clients and community. The theme of leadership is relevant for each person as it occurs almost to everyone during the lifetime or to those who at least were a part of a team.