Management Theory and Practices of the organization

Running head: MANAGEMENT THEORY AND PRACTICES
MANAGEMENT THEORY AND PRACTICES
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1MANAGEMENT THEORY AND PRACTICES
Executive Summary
Leadership is a vital function of management which facilitates modern organizations to capitalize
on effectiveness and further to accomplish organizational goals and missions. Leadership is also
recognized as an indispensable part as well as a fundamental factor of successful management.
The assurance, dedication and interest of managers and leaders involved in modern organizations
outline the widespread goals of the business and offer stimulation and enthusiasm for individuals
and groups to perform at an elevated level. As managers and supervisors comprise an
unambiguous and appealing association with the subordinates, such a linkage signifies that
employees are perceived as a central part of the organization. The paper has provided
comprehensive insights of the role of HRM and leadership techniques in organizations
functioning in competitive market.

2MANAGEMENT THEORY AND PRACTICES
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Role of Leadership in Modern Organization...............................................................................3
Control theory of performance management system in Organization.........................................5
Human Resources and Organizational Performance...................................................................7
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

3MANAGEMENT THEORY AND PRACTICES
Introduction
Managers fundamentally aim to influence all phases of modern organizations by
providing organizations with competent and resourceful workforce (Bolman and Deal 2017). The
essential role of managers is to guide organizations towards goal attainment. According to
Bolman and Deal (2017), as majority of modern organizations tend to exist for distinct purposes,
management constitute the accountability for combining and further utilizing organizational
resources in order to ensure successful attainment of organizational goals and missions.
Furthermore, in the view of Palmer, Dunford and Akin (2016), as group performance and team
work play decisive role in realizing organizational goals, leadership becomes immensely vital for
any organization for the proper execution of work. The purpose of the following paper is to
evaluate the role of leadership, management and power in driving organizations towards success
and attaining competitive advantage in the market.
Discussion
Role of Leadership in Modern Organization
Organizations operating in rapidly competitive market do not possess the opulence of
stability because of its growing change in markets, consumers and technology. Thus,
organizations needs to accept and implement changes in the business model by aligning to
shifting developments, technological advancements, consumer preferences and potential
concerns (Palmer, Dunford and Akin 2016). Bennett, Segerberg and Knüpfer (2018) have stated
that the core business of organizations has been continually facing threats from new entrants in
the marketplace who comprise superior and diverse business paradigm. Thus for meeting new
challenges, the customary leadership techniques have evolved whereby line managers have taken
over the role of leadership role. According to Lawson (2015), as leadership is a decisive factor