Management and Leadership : Essay

Added on - 21 Jul 2020

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Introduction to Management
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1QUESTION 2...................................................................................................................................12.1 Leadership style used by Carlos Helu..............................................................................12.2 Key approaches to identify his leadership style...............................................................2CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................4
INTRODUCTIONIn the present scenario, management has become an integral part of any organisation. Ithelps company to organize and coordinate their business activities so that they can achieve theirgoals and objectives in the most effective manner (Meredith 2011). Management has manyfunctions such as planning, organising, creating policy, controlling and so on. Present reportdivulges one of the most important aspects of management, that is, leadership. It discusses theleadership style used by one of the richest men in the world "Carlos Slim Helu”. Furthermore, italso studies the key approaches to understand leadership style used by him.QUESTION 22.1 Leadership style used by Carlos Slim HeluLeader is an individual who is responsible for leading a group or whole organisation,collectively with the efforts of team members. They are responsible to create and share theirvision with the people. With an assistance of this, employees can have work in order to achievegoals. It also provides employees a better knowledge and information about operations(Northouse 2015).Carlos Slim Helu is the name which is not very much known by many people outsideAmerican but it doesn't change the fact that he is a multi-billionaire in a country who was facinga issues of extreme poverty conditions. He was considered as owner of 90% of telephone marketin Mexico and has 200 companies under his control. He has focused on different fields usingleadership qualities such as mining, food and restaurant, internet services telecommunication,etc. Slim also contributes approximately 7.5% of country's total GDP. It has been noticed thatSlim has focused on contemporary values for the success. Along with this, collective workinghas been advanced in order to meet the standards so that computing or e-business aspects can bewell maintained. Also he has focused on work diversity which has also created his interest ininfrastructure business sector like mining and telecommunication. It has also been noticed thathe has also focused on consideration of economy, so that better success can be attained. Heluhimself has said the reason behind his success was the inherent modesty and the other part thatcontribute to that great success was great leadership style. He was focused towards analysingsituations then take decisions so that correct measures can be taken into account for bettervalues. Owner uses different leadership styles to influence the surrounding people that include1
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