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Leading Business Organization Assignment

   

Added on  2021-02-20

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Leading BusinessOrganization
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1PART- 1...........................................................................................................................................1Aspiring leaders need to have understanding of organizational behaviour and leadershiptheories.........................................................................................................................................1Main contribution of individual, leader and stakeholders in creating and executing mission andvision for business........................................................................................................................1Understanding different leadership strategies by aspiring leaders to maximize organizationalpotential in different business context.........................................................................................2Critical evaluation of motivational theories.................................................................................2Potential leadership style.............................................................................................................3PART-2............................................................................................................................................4b. Overview of the leadership styles and the challenges that are been faced by theorganization..................................................................................................................................4c. Evaluation of the leadership styles...........................................................................................5d. Recommendations....................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
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INTRODUCTIONPART- 1Aspiring leaders need to have understanding of organizational behaviour and leadership theoriesIt is very necessary for an aspiring leader to understand the organizational behaviour andthe different leadership theories. It is because of the reason that the aspiring leader does not haveproper knowledge as to apply which leadership theory in which situation. An aspiring leader isan individual who wishes to become a leader but currently is not a leader (Pava, 2015). It meansthat it has not proper knowledge and understanding of different aspects of leadership. There aremany various kinds of leadership theories and styles which the aspiring leaders must haveknowledge. These leadership styles and theories are applied in different ways pertaining todifferent situations. In simpler words these theories and styles are applied depending on thesituation. So it of utmost importance that the aspiring leader needs to have complete knowledgeof the leadership theories.Also, the application of these leadership theories depends upon the organizationalbehaviour and culture prevailing in the business. This is important because the success or failureof the business depends upon culture and behaviour followed within the company. It is sobecause the business environment keeps on changing so the aspiring leader needs to have properunderstanding and knowledge of the organizational behaviour and different theories ofleadership.Main contribution of individual, leader and stakeholders in creating and executing mission andvision for businessAll the people relating to the business contributes to making and execution of the missionand vision of the company. The main contributors in process of making mission and vision for Tesco are as follows-Stakeholders- these are parties and groups who have specific interest with in the company and are affected by the working of the company. These generally includes employees, customers, investors and other interested parties (Alther, Dutra and Monroe, 2018). They play major role in creating mission and vision because these are the main persons who are interested in the profits earned by the company. So they try to develop such vision so that the company earns maximum profits.Leaders- these are the main person behind the development of mission and vision. These 1
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are the end results for whose accomplishment the company works and exist. They are the maker of the vision and mission of the business, so they are the main contributors. They also ensure thatthe vision and mission are achieved.Individual- it can be any person relating to the business. For running the business every individual has to establish some mission and vision so that the business runs in a set direction which aims at achieving the mission and vision.Understanding different leadership strategies by aspiring leaders to maximize organizationalpotential in different business contextThere are many types of leadership strategies which the person can employ within the business for leading the business to success. The aspiring leader needs to have a great and in depth understanding of applying these leadership styles into the business with the intention of maximizing the profits and success for the business (Cullen and Murphy, 2018). The aspiring leader wants to become a successful leader and for this it needs to develop a level of knowledge and understanding of different leadership strategies and their application to different business situations. This is because of the reason that these leadership strategies helps in solving particularproblems and situations which causes problem for the company. These leadership strategies helps the aspiring leaders in maximizing organizational position of company as leadership helps in solving the problem which may arise within the business. It is because of the reason that business exist in dynamic environment so a single leadership strategy cannot apply to same situation every time.Critical evaluation of motivational theoriesMotivational theory provide support to the organisation by motivate them via different ways like incentives, rewards, bonus etc. to turn them toward the organisational goal and objectives. There are different motivational theories develop by different authors to motivate employees. Maslow's hierarchy theory Abraham Maslow's give a theory based on the human needs and demand to the external environment. It explains the human need from the basic lower level need to higher level need. In this theory he explains that human need are increasing after getting the satisfaction at prior level. Maslow explain the theory in 5 stage such as physiological, safety, social, self esteem and self actualisation need. It helps to motivate the individual in Tesco organisation to improve their 2
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