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Importance of leadership to an organization
Importance of leadership in organisational behaviour
Importance of leadership to an organization
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Introduction
In a highly globalised world where industries from all sectors are becoming more porous and open,
the competition amongst companies and organisations have never been steeper until now. The
survival and sustained growth of a company lies in its ability to attract talents and to employ leaders
who are able to add value to the company’s performance. As such, inherently, such leaders will have
to be able to lead, take charge and perform so as to produce positive results that would generate
higher revenues for the companies. However, revenues alone should not be used as a key performance
indicator for such management level staffs but instead a broader scope should be established since,
being in important leadership role of a company affects how the company operates, functions and
adapt in an ever increasing competitive environment.
The situation faced by Sam Mulgrew in this context is one that is often experienced by many senior
managers. Their sentiments and opinions toward performance management come from a naïve and ill- informed point of view. Individuals like Sam Mulgrew, failed to realize that in order for a company to
succeed its human resources should be one that is highly capable and talented.
Thus there has to be frequent feedbacks and self-assessment towards their staff, more so for those
in leadership roles. This write up shall attempt to analyse the context that Sam Mulgrew, a Senior
Manager of Human Resource for Money4U Finance Ltd is in and to highlight that there is more
to performance management as opposed to his simplified way of doing things. Organizational
Development (OD) tools shall be employed to portray the relevance of performance management and
its benefits it has...
... middle of paper ...
...ailed to take into account the importance of performance based results and outcomes in
business. The OD tools discussed and the mind map proposal of it, is a testament to how in-depth
and complex human management is and thereby how important it is to implement performance
management like the ones this paper has extensively discussed. To remain relevant in a company
one must always assess him or her and address where he or she stands performance wise. The
motivation of all companies such as Money4U Finance Ltd is one that revolves around profitability
and to be able to sustain such returns, their managers such as Sam have to be positive and not take
performance management and OD intervention lightly. These efforts will all translate into having
a productive and adaptable workforce,; one that will propel the company to greater heights in the
long run.
...s. Any business, regardless of industry, would love to have a workforce that is dedicated to its profession and strives to continually improve.
company should be, which the answer is to make money. The book is about transforming
Through out his tenure at Sunbeam,Al Dunlap’s advocated profit by firing many employees and shutting down many factories.If we look at it in the short term ,this approach seems very attractive as it brings in quick short term gains.In the long term ,however, such a decision would not ensure the sustainability of the company. Profitability and responsibility can and should be combined in an ideal world, however it is clear that they are at least partially contradictory. Shareholder pressure should not force a company to make short-term decisions that might be detrimental to the long-term profitability of the company.
George, Jennifer M. "Chapter 12." Contemporary Management. By Gareth R. Jones 8e ed.N.p.: n.p., n.d. 366-400. Print.
The aim of this report is to evaluate current Human Resource Practices within Steel Co and identify weaknesses that the current model possesses. Performance and Reward management tools available will be evaluated in order to make recommendations on how the Management tools could compliment the system that Steel Co currently employs.
Carpenter, M., Bauer, T., Erodogan, B., & Short, J. (2013). Principles of management. (2nd ed.).
We say that we are heading toward a more global economy because of the fact that competition in today’s markets is global. This means that corporations in the United States can compete in foreign markets and vice versa, therefore U.S. corporations and foreign corporations become interdependent and thrive off each other. This can have a good impact on the United States because it allows U.S. corporations to seek materials and labor outside of the U.S. in countries such as China, India, and Mexico, where workers are paid a lot less money than U.S. workers, thus allowing them to sell their products for significantly cheaper than if they were produced in the U.S.; however, the tradeoff is that many American workers in the industrial sector lose jobs due to this shift of labor to overseas. In the long run this will be beneficial for the U.S. and although some percentage of workers are losing work, new jobs in the services sector, in fields such as computer technology, telecommunications, and language skills are opening up and experiencing growth because of this change.
Presently, most organizations emphasize extremely about leadership in organizations. Leadership means that ability, capability, and skills of leader to guide members of organizations to success or achieve objectives and destination. Leadership studies are interesting in several organizations. According to Walters (2009), “Leadership has been an intriguing and important part of human interactions for as long as people have lived and worked together in groups” (P.1). Some organizations have studied about leadership for long times to know what elements and significant factors of leadership is. Those elements will help leaders to have ability, capability, and skills to suggest members of organizations or being leaders efficiently.
Kinicki, A., & Williams, B. K. (2011). Management: A practical introduction (5th ed.). New York, NY: McGraw-Hill Irwin.
Leadership is the ability to inspire confidence, support and trust among the people who need to achieve organizational goals. (Chan & Maubourgne 1992) It invariably requires using power to influence the thoughts and actions of other people in order to create new approaches and imagine new areas to explore. This definition has emphasized on influencing people to achieve set goals. In other words, we can say, the objective of leadership is achieving goals, meanwhile, the application is influencing other people to motivate the energy and stimulate the potential towards the goals.
Economic factors affecting negative or positive way the companies. The inflation and currencies rates have big influence.
Introduction 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. To exercise effective leadership, the individual must meet certain parameters, which if they are carried out successfully all of them will ensure a long life to the organization. The relationship with partners should be based on trust. Do not just give employees a list of tasks, encourage their views so that their skills might be enhanced for advancement.
...and employees. This also includes, but, is not limited to, a great leadership in which held their company no matter size or strength through the dirt with the knowledge of where it was heading.
Leadership is the ability to influence individuals to make them want to achieve the objectives of the group the importance of leadership. It is the link between the workers and the organization's future plans and perceptions. It is working to unify the efforts of workers towards achieving the goals set. Control over the work and draw the necessary plans to solve problems. The development of individuals and their training, care and motivate them. The ability to increase individual development and humanitarian and practical
Over the past hundred years management has continuously been evolving. There have been a wide range of approaches in how to deal with management or better yet how to improve management functions in our ever changing environment. From as early as 1100 B.C managers have been struggling with the same issues and problems that manager’s face today. Modern managers use many of the practices, principles, and techniques developed from earlier concepts and experiences.