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‘Draft Final Reflective Report’
Table of Contents INTRODUCTION..........................................................................................................................3 Leadership Skills..............................................................................................................................3 Develop Model of Leadership.....................................................................................................4 Comparison of performance with 4- H leadership Model.........................................................5 Usefulness of model and appropriateness of organizational circumstances...............................6 Negotiating Skills.............................................................................................................................7 Develop Model of negotiation....................................................................................................7 Comparison of performance with RADPAC..............................................................................8 Usefulness of model and appropriateness of organizational circumstances...............................9 Problem Solving Skill....................................................................................................................10 Develop Model of problem solving..........................................................................................10 Comparison of performance with problem solving model.......................................................11 Usefulness of model and appropriateness of organizational circumstances.............................11 Change Management Skill.............................................................................................................13 Develop Model of Lewin's Model of Change management......................................................13 Comparison of performance with Lewin's Model of change management...............................15 Usefulness of model and appropriateness of organizational circumstances.............................16 REFLECTIVE PRACTICE...........................................................................................................17 CONCLUSION..............................................................................................................................19 RECOMMENDATIONS...............................................................................................................20 REFERENCES..............................................................................................................................21
INTRODUCTION This report is based on my internship which is conducted from October-2018 to August-2019 at MercantileExchangeHouse(UK)Ltd(www.meukltd.co.uk).Asabusinessdevelopment manager my main focus on business expansion, ensuring customer satisfaction through quality services as well as maintaining the burning compliance issues including fraud and suspicious financial activities, applying the guidelines of Financial Conduct Authority (FCA) to protect money laundering activities were among others. On the other hand, to evaluate the employees’ job performance our company does not have any formal appraisal system rather than manager of the company takes necessary steps time to time, for example, when he notice any mistakes or inefficiency happens in our day to day business, he rectify us through verbal suggestions as well as arranging monthly training sessions for the employees. At the same time, for the quality performance our manager recognizes the employees through verbal appreciation and sometimes offering financial incentiveswhen company fulfill the core objective of organization i.e. achieving good profits. Besides this report particularly highlights the applicability of the four key managerial skills (leadership, negotiation, change management and problem solving) of the writer when he pursuing his internshipatMercantile Exchange House (UK) Ltd. Leadership Skills Leadership is the process in which guidance is provided to workers regarding conducting business operations (Borbély and Caputo, 2017). It is essential and crucial to understand what has to be done for achieving aims and objectives. With proper leadership, it is easy to understand what can be done through which performance of overall organisation can improve. When change in done in appropriate manner, then this makes changes in working style ofMercantile Exchange House (UK) Ltd. I as intern able to understand importance of leadership with which they can perform actions in better and appropriate manner. As per my leadership with knowing practical aspect at Mercantile Exchange House (UK) Ltd. Leadership is important because this motivates workers, creates confidence among them. I got direction and guidance regarding change in working style due to external market changes. I am able to perform operations with coordination
among workers. I gt knowledge about different leadership models so I can implement and understanding my professional life of internship as well. Develop Model of Leadership I am at position of internship for HR executive so I have to perform actions according to whole team because they are the source through which productivity ofMercantile Exchange House (UK) Ltd. Can be improved.Identifying and interpretation what problem will arise is the best and significant role of leader. InMercantile Exchange House (UK) Ltd. There are many workers, interns, etc. so with the help of this model, it is easy to lead individuals with different skill, knowledge, etc. According to Sam Sujeet, 20194- H leadership modelis specific and relevant in order to understand how to lead time to complete task within specified time with achieving aims and objectives (Brett and Thompson, 2016). This model is divided into four H's, Humor, Humility, Hope, Humanity.
(Sources:4- H Leadership Model, 2019) Humility- In this there is discussion about listening and respect for diversity. So humility requires that with proper listening, individuals are able to perform their roles and responsibilities in better manner (Chapman, Miles and Maurer,2017). There are many workers atMercantile Exchange House (UK) Ltd.from different religion, culture, etc. so they want proper respect and esteem at workplace. There are two factors which has to be considered under this model i.e. listening and respect for diversity. When there is proper listening, then it is easy to make positive environment at organization because employees have complete knowledge about it. Mercantile Exchange House (UK) Ltd. having employees for different sources. It is relevant and crucial to understand rituals and culture of others so working can be done properly. This also assist in leading employees and perform actions in better and effective manner. Being leader I must listen other individuals working in organization and respect their religion and culture. Illustration1: 4- H Leadership Model
Humanity- There is requirement of humanity in leader because they lead different individuals which are working in association (Fischer, and Bajaj, 2017). I while working at Mercantile Exchange House (UK) Ltd. As intern at the position of HR executive, there is requirement of empathy and compassion with workers. Being working in HR department I have to understand that workers needs emotional attachment through which they can perform actions in better and effective manner. I provide workers company in order to complete their assigned task. This provides them confidence that they can do it. I help workers to complete their task by supporting them and providing positive feed-backs. Hope- There is hope in leader to get best from the efforts they are giving (Gratch, DeVault and Lucas, 2016). There is some assertiveness for getting proper outcome through which they can perform actions in better and effective manner. I am giving good to Mercantile Exchange House (UK) Ltd. As HR executive, so I am giving best and employees are satisfied with my performance. So I want to get good financial reward with offer letter to work as employee in organization. There is difference in working style of workers so I provide them better environment to share their felling and perform actions in appropriate manner. When performance of workers is improving because of team work. So I hope that there must be positive impact on me as well as good reward. It is important to understand what is the right decision for proper completion of task. So I have to assign roles as per their skills and competencies. Humor-TherearemanyworkersatMercantileExchangeHouse(UK)Ltd.,so possibilities of humors are more in organization. Leader has good sense of humor, through which they can make environment positive and perform actions in appropriate manner. I ham good in lightening the mood of workers when they are tensed. Being HR I have to communicate with workers through which I can sort out their issues and provide positive working environment. Hence I am able to provide them positive relations with them and able to understand what policies has to be made to reduce negativity in team. With the help of good sense of humor I am make employees feel positive and get proper outcome with understanding external market. There are some leadership theories as well with the help of which it is easy to lead employees and make them perform work according to requirement. Some theories which are relevant in Mercantile Exchange House (UK) Ltd. are as under-
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