Methods for Developing Leadership Skills in a Dynamic Business Environment
Added on 2019-09-26
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Assignment Task 1Assessment Criteria 1.Strategic Management and LeadershipManagement refers to a sum total of well-defined processes such as planning, budgeting,structuring jobs, performance measurement, problem solving that together help the organizationsachieve their goals and targets. In an organization, the complexities regarding size, products,services, quality and budget can become enormously difficult. Therefore, management helps tosort out these complexities. The leadership, on the other hand, is more associated with guidingthe organization towards achieving goals and finding new opportunities and successfullyexploiting the resources. The attributes of leadership are vision, empowerment, behavior, usefulchange, reliability and efficiency in an individual level (Westley and Mintzberg, 1989).However, despite the differences, both these terms leadership and management are intricatelyrelated to each other as leadership is a crucial part of effective management. The phenomenalleadership behavior focuses on creating an environment that allows everyone to grow and excel.So, to say it in other words, a manager is someone who must also show qualities of leader and heshould be capable to build and sustain competitive advantage. In a nutshell, we can say thatleadership if accompanied by the management is able to set new direction as well as makesefficient use of resources towards achieving the stated goals and targets (Alkhafaji, 2003).The link between strategic management and leadership can best be understood with the help ofPotter’s Pipeline Model. It has the following six passages:1)Managing self to managing others: it essentially focuses on learning as to how time andpriorities are managed on the individual level so that the employee would be able to solveproblems and make decisions.2)Managing others to managing managers: it includes selecting the right people forpassage one and then assigning managerial and leadership work on them as well asmeasuring their progress in terms of mangers.3)Managing managers to functional managers: it is characterized by two importanttransition skills that are team play with the functional managers and competitionregarding resources related to business needs.4)Functional manager to business manager: this passage requires a significant shift inthe skills, time management and work values. The managers will now start integratingfunctions.5)Business manager to group manager: at this level, there is more holistic approach asfar as leadership is concerned. In this the complexities of running multiple businessesshould be factored in.6)Group manager to enterprise manager: in this transition there is more focus on valuesrather than skills. The leaders must be long-term and visionary thinkers.
2.Impact of Management and Leadership Skills on Strategic DecisionsThe strategic business management helps in creating a competitive advantage for any companyby focusing on the identification of goals, challenges, necessary changes, strategies and changingmarket demands towards achieving the stated objectives. A leader can become a key player inattaining success in an organization. His responsibilities include handling major organizationalactivities such as planning, controlling, evaluating as well as motivating employees towardsparticipating in decision making. A leader is someone who can positively influence employees toperform well, allow them to share their opinions and encourage them to contribute independentlyfor the success of the business (Reid and Sanders, 2007).Management is responsible for making plans and strategies and it has to focus on executing thembased on the strategies. The leadership styles and management are both very important factors inimpacting strategic decisions because of the fact that a proper leadership style helps profoundlywhile making a strategic decision. The lack of proper leadership skills in the event of making astrategic decision could lead to the failure of the decision. Taking the right decisions at the righttime is the central element of successful leaders and there are certain situations when they haveto make really difficult decisions. The present scenario of the markets not only requires to have acompetitive edge with sustainable profits but also to maintain ethical standards that comply withthe civic commitments. In order to develop and execute strategic organizational decisions, aleader needs to acquire, develop as well as deploy resources optimally that helps in bringing outquality products and services in the interest of stakeholders (Strategic management: Conceptsand cases, 1996). Therefore, the profound impacts that the management and leadership styleshave are – decentralized structure, collaboration with group members, empowerment, knowledgeskills and positive changes.3.Adaptation of Leadership Styles A successful management requires a dynamic and effective leadership as the behavior of leadershas the ability to influence the behavior of others. Different situations produce differentoutcomes, so, a successful leader should adapt his leadership style depending upon therequirements of the situations. Therefore, a combination of directive and supportive behaviorshelps greatly. As a matter of fact, there is no foolproof leadership style that guarantees maximumproductivity, satisfaction as well as growth regardless of any situation. The important elementthat a leader should take into account has to be the developmental level of each and every teammember (Bush and Coleman, 2000). The crucial steps for the successful adaptation of leadershipstyles are – Directing and Coaching, Coaching and Supporting, and Supporting and Delegating.
Assignment Task 2Assessment criteria1.Impact of Selected Theories of Management and LeadershipThe two important theories of management and leadership that have a profound impact onorganizational strategy are:1)Situational and Contingency theory of leadership: according to this theory, it is veryimportant to analyze and synthesize workflows with an aim of enhancing laborproductivity with higher output. Since, every individual is different than the other and sois his efficiency. So, the management has to apply certain strategies where the employeesmay work in terms of their strengths and together they can contribute towards achievingcompany’s objectives and goals (Brahm and Tarziján, 2013). The theory espouses that aleader’s effectiveness is best proved by the situational contingency that effectivelycombines his leadership style and situational favorableness. This theory allows a potentialleader to assess his or her style of work and direct task orientation towards relationshiporientation. The important factors like stress level of employees, different types of works,flexibility, technology utilization and coordination of resources are explored on the partof the leader and accordingly correct style of management practice is implemented. 2)Transformational theory of leadership: as per this theory, the transformational leaders arenot just involved and concerned about the processes and their implementation, but arealso dedicated towards supporting their employees so that they could succeed as well.Because of leaders being energetic and enthusiastic, the group members also becomehighly motivated and therefore have significant level morale for achieving their goals.The transformational leaders have a high degree of vision and the kind of personality thathelp them inspire their team members. Because of such values on the part of the leaders,the team members positively change their expectations and perceptions for achievingcommon goals of the organization (Hersey, Blanchard and Johnson, 1996). The word‘transform’ itself indicates necessary change, so, the transformational approach is theindicative of bringing significant changes in the lives of both the company and itsemployees. Due to the impact of transformational leadership, the leaders receive trust,respect and admiration from their group members as he becomes successful instimulating thee thinking of his subordinates for paying attention on customers’ needs.Such leaders encourage their team members to become creative and provide them a spacewhere they could explore new ways doing things.
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