Leadership Strategies and Inter-organizational Network
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This report discusses the importance of leadership strategies and inter-organizational networks in achieving organizational goals and objectives. It focuses on the case of Lidl Company, a German international discount supermarket chain.
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 Leadership strategies and inter-organizational network.............................................................1 CONCLUSION................................................................................................................................3 REFERENCES................................................................................................................................4
INTRODUCTION Leadership strategy is map which aligns investment within leadership development with strategy, goals, aspirations of business (Kharub, Mor and Sharma, 2019). Along with this, inter- organizational network consist three or more than that organization which coordinate some of their joint advantages. In simple words it can be said that, inter-organizational network are simply aggregate related to formal as well as informal relation within their members. Although, appropriate leadership strategy provide assistance in inter-organizational network (Shipilov and Gawer, 2020). For better understanding of entire concept Lidl Company has been selected which is German international discount supermarket chain operating more than 10,000 stores across Europe and United States. It was founded in 1930 and founder was Josef Schwarz. This report will be going to conduction literature review on leadership strategies and inter-organizational network which will provide assistance in developing relation related understanding related to both term. MAIN BODY Leadership strategies and inter-organizational network Organisation is totally depended on capabilities of leadership for guiding them by unprecedented modifications. In addition to this, there are ample evidence which even some of established organisation are for adapting changes, implementation of strategic plans in successful manner as well as preparing for uncertain future changes (McGahan, 2019). In relation of Lidl company, it is important to maintain direct relation within leadership strategies as well as inter- organizational network because they provide assistance in accomplishing desired goals and objectives in better manner. According to the article Center for creative leadership, 2020 it has been determined that leadership strategy is map which aligns investment within leadership development in strategy, goals as well as aspiration of the business. In addition to this, it is important for Lidl to implement leadership strategy because it will provide assistance in conducting daily operations within effective manner and results in accomplishing desired goals as well as objectives. Leader give guidance to individual and also identify other issues which Lidl Company have to consider in their working such as present talents systems which supporting culture and leadership that company wants to create (Leadership strategy, 2020). In simple terms it can be said that, strong 1
leadership strategy assist in effective implementation of organization business strategy. Whereas, without appropriate leadership organizational strategies will remain plans instead of being implemented in successful manner (Iansiti and Lakhani, 2020). Along with this, it is essential for Lidl Company to align their leadership strategy to vision, values as well as business strategy for overcoming with challenges in better manner and maximisation of thrive. Furthermore, there are several important characteristics which have to be in leaders for accomplishing goals and objective on time. These are learn how to lead, be goal-oriented, take responsibility, share the glory,understandingaboutteamdevelopment,goodcommunication,becourageousand assertive, confident and many more in relation of same. In addition to this, there are numerous leadership strategies which leader have to implement in their working according to the situation. So, that situation will manage in better manner as well as goals and objectives will accomplish within required durations (Masri, 2020). Moreover, there are several type of leadership strategies such as autocratic style, authoritative style, pacesetting style, democratic style, coaching style, affiliation style as well as laissez-faire style. These styles will only implement after analysing situation in effective manner. As per the view point of Jorg Raab, 2018 it has been determined that Inter-organizational network is strategic mechanism which is important for improving competitive advantages of Lidl company by using cost minimization while maintaining flexibility. In addition to this, changes withinorientationfromcompetitiontocooperationwithininter-organizationalrelationis rationalized as per the transaction cost perspective (Donati, Zappalà and González-Romá, 2020). Along with this, inter-organizational network consist three or more than that organization which coordinatesomeoftheirjointadvantages.Insimplewordsitcanbesaidthat,inter- organizational network are simply aggregate related to formal as well as informal relation within their members (Mountford and Geiger, 2020). Although, appropriate leadership strategy provide assistance in inter-organizational network. In simple term it can be said that, there is requirement of building proper relation among employees working within an organisation because they will provide assistance in improving productivity as well as developing good surrounding in business firm. By implementation of appropriate leadership strategy company will able to develop good relationship within employees which are working (Shin, 2019). This will result in improving productivity as well as accomplishing desired goals and objectives within required duration. 2
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Moreover, good relation results in developing better surrounding and also help in conducting daily basis activities within effectual manner.There are different types of leadership strategies that will have significant impact on inter organisational networks. It is very important that leaders of Lidl company is developing correct and accurate strategies in order to overcome with the issues of inter organisation networks. It is essential that respective company have effective functioning of inter organisational networks in order to successfully enhance relationship between independent entities of business. This is significant for successfully deal with the issues or conflicts of business along with this managing effective connection among different business departments. Leadership strategies is crucial for providing correct action plan and direction to employees with the motive of maintaining positive inter organisational networks. This is effective for overall growth and development of business along with this enhancing business operations. For example, motivation leadership strategies as this is helpful for encouraging and boosting moral of employees in order to successfully carry out task in better manner. Leaders of Lidl company is able to successfully increase potential and capabilities of employees to integrate work with other department of business. Through this inter organisational network will be enhancedalongwiththisoverallperformanceofbusinesswillincreasedwithhigh interconnection between different departments. CONCLUSION After going through overall discussion it has been summarised that, leadership strategies and inter-organizational network both are interrelated with each others. Because implementation of appropriate strategy will results in building both formal and informal relations among employees working in organisation. It is important to have good relation within staff members because this will provide assistance in accomplishing desired goals as well as objectives of company.By implementation of appropriate leadership strategy company will able to develop goodrelationshipwithinemployeeswhichareworking.Thiswillresultinimproving productivity as well as accomplishing desired goals and objectives within required duration. Moreover, good relation results in developing better surrounding and also help in conducting daily basis activities within effectual manner. 3
REFERENCES Books and Journals Kharub, M., Mor, R. S. and Sharma, R., 2019. The relationship between cost leadership competitivestrategyandfirmperformance.JournalofManufacturingTechnology Management. McGahan, A. M., 2019. My presidency of the academy of management: Moral responsibility, leadership, governance, organizational change, and strategy.Journal of Management Inquiry,28(3), pp.251-267. Iansiti, M. and Lakhani, K. R., 2020.Competing in the Age of AI: Strategy and Leadership when Algorithms and Networks run the world. Harvard Business Press. Masri,M.,2020.ImplementationofLeadershipStrategiesandWorkCommitmentsin Maintaining Employee Performance in CV. Silvana Print & Advertising Kendari City SoutheastSulawesi.IndonesianJournalofSocialandEnvironmentalIssues (IJSEI),1(2), pp.91-96. Shipilov, A. and Gawer, A., 2020. Integrating research on interorganizational networks and ecosystems.Academy of Management Annals,14(1), pp.92-121. Donati, S., Zappalà, S. and González-Romá, V., 2020. The double-edge sword effect of interorganizational trust on involvement in interorganizational networks: The mediator role of affective commitment.European Management Journal,38(4), pp.613-622. Mountford, N. and Geiger, S., 2020. Duos and duels in field evolution: How governments and interorganizational networks relate.Organization Studies,41(4), pp.499-522. Shin, S. Y., 2019. Network advantage’s effect on exit performance: examining venture capital’s inter-organizationalnetworks.InternationalEntrepreneurshipandManagement Journal,15(1), pp.21-42. Online Leadershipstrategy,2020.[Online].Availablethrough<https://www.ccl.org/articles/leading- effectively-articles/got-a-strong-leadership-strategy/> Inter-organisationNetwork,2018.[Online].Available through<https://link.springer.com/referenceworkentry/10.1007%2F978-1-4939-7131-2_369> 4