Importance of Leadership Development

   

Added on  2020-12-31

15 Pages4655 Words23 Views
LEADING BUSINESSORGANISATIONS
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Table of ContentsINTRODUCTION ..........................................................................................................................1PART 1............................................................................................................................................1a) Importance of in-depth leadership development................................................................1b) Aspiration gained from prevailing leadership style...........................................................2c) Key challenges and strength ..............................................................................................2PART 2............................................................................................................................................3a) Overview of contemporary leadership styles.....................................................................3b) Critical evaluation of Mark Parker’s leadership style........................................................6c) Recommendations for Mark Parker in terms of how he should select his successor.........8CONCLUSION ..............................................................................................................................9REFERENCES .............................................................................................................................11
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INTRODUCTION The level of competition is rising day by day in drastic manner. This is creating a seriousissue for business organisations since they are loosing their existing position from marketplaceand particular industry (Kotter, 2012). The reason of the same phenomena is nothing but theintroduction of large number of companies within market dealing in similar sector. In order tocope with existed situation, firms need to adopt effective leadership style for leading theirbusiness actions in proper ways. For achieving the identical styles of leadership, it is important toemploy suitable leaders by giving them responsibilities regarding providing right direction tocompany. They will definitely assist their corporations in attaining all pre - determined aims andobjectives. The present report is designed by considering a popular organisation known as'Nike'. In this project, various contemporary leadership styles has been highlighted that theventure should follow. Besides this, leading style adopted by Mark Parker for gaining employengagement and change management is also described properly. PART 1a) Importance of in-depth leadership developmentLeadership can be simply defined as the art of inspiring team members for acting towardsreaching a mutual target. Thus, leaders play an eminent role in an enterprise as they areperforming for the development of not only organisation but also for the workers as well. Toachieve better result, it is vital for contemporary leaders to receive in – depth leadershipdevelopment (Giltinane, 2013). This will help them in attaining high degree of employeeengagement, securing corporation-al sustainability along with gaining competitive benefits. Byimplementing the strategy of in-depth leadership development, leaders can become able tounderstand their followers in more better ways since highest level of interaction from groupassociates is being carried on at similar programme. Additionally, under this session team headsused to resolve issues associated with each and every employee by interacting with themappropriately. This will help in ensuring organisational sustainability for longer period of time.After receiving positive and healthy environment via implementation of in-depth leadingsessions, retention scale of personnels will get increased. Apart from that, leaders also getcapable of giving innovational training to subordinates. Thereafter, people working at enterprisecan easily manufacture innovative products and services which will seek attention of more &1
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