Inclusive Guidance Organizational governance should be an essential feature of business efficiency. Leadership causes a successful work of workforce and demands are met. This guilds in improvement in productivity that helps with bigger profit gains. Organizations debate over management styles that will be most beneficial. Successful front-runners are using a number of management styles that’s effective and shows how the business should operate.
Having a vision provides empowerment, and most of all I believe it provides a useful change within a business or organization. Peter Drucker famously stated that "management is doing things right; leadership is doing the right things." Great leaders possess dazzling social intelligence, a zest for change, and above all, vision that allows them to set their sights on... ... middle of paper ... ...strong knowledge base and also believe in what their leading. Competence (or competency) is the ability of an individual to do a job properly. Leadership competencies such as managing change, risk taking, innovating, and even enhancing business skills all give support in great leadership.
Strategic management has shown to enhance the company’s profits and market shares. Companies need to utilize strategic management in order to improve that their performance and organizations are set. Some of the benefits of strategic management are it brings new opportunities and development, the manager is more involved in their job role, the quality of the company is enhanced, implementing models that will bring the company growth and profits, it helps the manager to be organized in order for them to be successful, it brings certainty to the company, and provides management with a guide to what the company is needing to accomplish with their goals for the future. According to Nmadu (2007) he stated “strategic management has become more important to managers in recent years and defining the mission of their organization in specific terms have made it easier for managers to give their organization a sense of purpose” (Dauda, Akingbade, and Akinlabi, 2010, p.100). Strategic management can also have its disadvantages.
Thus, to foster a culture of engagement, HR leads the way to design, measure and evaluate proactive workplace policies and practices that help attract and retain talent with skills and competencies necessary for growth and sustainability. The challenge today is not just retaining talented people, but fully engaging them, capturing their minds and hearts at each stage of their work lives. Employee engagement has emerged as a critical driver of business success in today's competitive marketplace. Further, employee engagement can be a deciding factor in organizational success. Not only does engagement have the potential to significantly affect employee retention, productivity and loyalty, it is also a key link to customer satisfaction, company reputation and overall stakeholder value.
The transformational focuses more on individuals within the organization. They believe by improving employee quality of life, the organization benefits from it. On the other hand the transformational leaders are also charismatic. They are also able to communicate visions and giving employees an opportunity to become part of something great. “Research has also shown that transformational leadership builds group cohesiveness, identification, efficacy, and climates that positively influence group outcomes.” Levine and Hoggs (2010).
A leaders effective succession planning builds the availability of experienced employees in all areas of an organization. When leaders talk about performance, we look at our business environment. How do we enhance the performance process use to strengthen our high performance workforce? This positive impact is created by employee engagement or empowerment. These types of leadership engage employees to have a greater ability to impact quality of work, costs, customer satisfaction, and innovation.
Some other definitions of leadership include; leadership is a force that leaders posses that causes followers to act and head in the intended direction of the leader (Hogue, 2013). Another definition by Gary Yukl is leadership is influencing others to understand what need to be done and how to go about getting it done (Yukl, 2006). Leadership requires the inevitable use of power to influence the thought and also the actions of other people. (Zalezink, 1977). The common thing, character or factor in the above definitions of leadership is influence; influence is a very important characteristic in leadership.
This essay looks at different theories and solutions that will help in improving a day to day routine of an organization. The given theories are equity theory, communication models /theory and conflict handling theory. A business example will also be given. How would motivating employee’s prompt motivation for the management staff, resulting in a more prosperous business entity? Apply equity theory The importance of positive work environments and its benefit is that great workplaces can help motivate employees.
Customer social responsibility can build the loyalty and trust that both ensure a bright and sustainable future in business. In our global society, corporations are becoming increasingly visible, and are judged on their results and behaviour. The reputation of a brand is achieved, in part, as a result of corporate governance. By integrating corporate social responsibility into your business as a core value, you are contributing to a better society and will be recognized for doing so. Businesses can increase their CSR by supporting public expectations, focusing on long-run profits, complying to ethical obligations, boosting their public image, bettering the environment, discouraging further government regulation, balancing responsibility and power, remembering stockholder interests, and building a superiority of prevention over cure.
(Kotelnikov, 2007). Not only does the above statement deal with personal responsibility, the statement supports the ideas of better communication not only from management but within the employees themselves. As Kotelnikov continues, he points out how empowerment is the oil that lubricates the exercise of learning. "Talented and empowered human capital is becoming the prime ingredient of organizational success. A critical feature of successful teams, especially in knowledge-based enterprises, is that they are invested with a significant degree of empowerment, or decision-making authority."