Impact of Leadership Assignment | Strategic Decision-making

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Organizational behaviorMasters DissertationRKC, March 2018Student ID number:1550809Module name:Intro, Chapters 1-3 - DRAFTAssignment title:Masters DissertationAssignment deadline:Effective number of words used:ContentsChapter 1: Introduction:..............................................................................................................................3Background of the Organization:.............................................................................................................4
Background of Research Topic:...............................................................................................................5Thesis Statement:....................................................................................................................................7Research Aims and Objectives:....................................................................................................................7Research Objectives:...............................................................................................................................7Research Questions:................................................................................................................................7Scope of Research:..................................................................................................................................8Limitations of Research:..........................................................................................................................8Chapter 2: Literature Review:....................................................................................................................10Styles of leadership:..............................................................................................................................10The Public vs. Private sector leader:......................................................................................................11Theories on leadership:.........................................................................................................................13Summary:..............................................................................................................................................18Chapter 3: Methodology:..........................................................................................................................19Data Collection Methods:......................................................................................................................19External and Internal Factors affecting the organization:..................................................................19Leadership Theories:.........................................................................................................................19Personality traits of Managers:..........................................................................................................19Data collection process:.....................................................................................................................19Data Analysis Methods:.........................................................................................................................20Secondary Research Analysis:............................................................................................................20Case Analysis:....................................................................................................................................20Results:......................................................................................................................................................21Conclusions:..............................................................................................................................................21Bibliography:.............................................................................................................................................21Introduction:...............................................................................................................................................3Background of the Organization:.............................................................................................................4Background of Research Topic:...............................................................................................................5Thesis Statement:....................................................................................................................................6Chapter 1: Aims and Objectives:..................................................................................................................7Research Objectives:...............................................................................................................................7Research Questions:................................................................................................................................7Scope of Research:..................................................................................................................................8
Limitations of Research:..........................................................................................................................8Chapter 2: Literature Review:......................................................................................................................9Styles of leadership:................................................................................................................................9The Public vs. Private sector leader:......................................................................................................10Theories on leadership:.........................................................................................................................12Summary:..............................................................................................................................................17Chapter 3: Methodology:..........................................................................................................................18Data Collection Methods:......................................................................................................................18Data Analysis Methods:.........................................................................................................................18Results:......................................................................................................................................................20Conclusions:..............................................................................................................................................20Bibliography:.............................................................................................................................................20Chapter 1:Introduction:The researcher studies the impact of leadership andprudentstrategic decision-making on the growthand sustainability of an organization. The success of leadership also depends on the context and thescenario in which the leader is required to offer his leadership. For example, a manager who has workedpreviously in a public organization and has been an extremely successful leader in the organizationmight not be able to offer the same quality of leadership in a private organizational setup and culture.This is implied as the work culture of a public-sector organization is entirely distinct from that of aprivate firm. This occurs primarily due to the separate business motives of public and private sectorfirms. In case of the public-sector organizations the focus of the management is not on the making ofprofits. It is rather based on serving the people of the country with a variety of products and services
that will help them in different aspects of life. The idea is to ensure that the services and products thoseare offered to the customers are ethical, fair and just because the people of the country are paying taxesfor various products and services that they are purchasing from different private and public-sectororganizations.The citizens of the country expect that they receive true and fair products and services from the publicorganizations in return for the taxes they are paying to the government. Therefore, the managementpersonnel have the focus to offer the services to the people as per their desired expectations. The publicorganizations do not focus much on the profitability and therefore, the minds of the managers are nottoo much inclined towards profitability and extreme competition. In case of the private sector firms thesituation is entirely different. The primary objective of a private sector firm is to make profits and ensuresustainability. The customer service is definitely important to the private sector establishments howeverit is not the primary focus of the firm as the objective that gains precedence in case of private sectororganizations is the profit-making. Therefore, it is extremely essential for an organization to understandthe impact of the leadership style on offering prudent managerial decision-making. It is always advisablefor an organization to recruit leaders from the same background for ensuring that the leader is able tounderstand the nature of the business and the organizational objectives effectively.On analysis of the leadership situations tThe research questions were developedto addressleadership.for this particular research.They are divided into the Primary and the Secondary ResearchQuestions.Contained in this report are tThefindings from aresearchstudy that has been undertaken on thetopicfocuses onofleadership, decision-making,and their impacts on sustainability of an organization.The researchattemptshas endeavouredto discovereterminethe various traits and characteristics ofleadership in terms of the ways it differs between the managers in the public and private sectors. Theresearcherhasalso attempted to determine the impacts of leadership traits on managerial decision-making along with finding out the impact of managerial leadership on the sustainability of anorganization. For this particular research study, the case of a medical device group has beeninvestigated. The company manufactures and sells various emergency drugs and medical devices inaround the world. The organization markets its products across all continents with focus on the US,China and a few other Asian countries. Three years back, the company has entered into a merger withone of its suppliers and after that some issues have emerged related to the quality of some of themedical products those needed to be recalled. There was some lack of managerial leadership andeffective decision-making that was observed following the appointment of a new Chief Executive Officer(CEO). A CEO that was appointed as the head of the newly formed company.This decisionto appoint a new CEOwas later on speculated to be non-effective and counter-productivefor the organization.This was because tThe current CEO belonged to a governmental organization thatwas a part of the non-profit seeking sector of the industry.Naturally, heThe individuallacked themanagerial leadership and decision-making skills required in a much competitive private sector.Moreover,the CEOhewas not a person from the medical background andtherefore itwasquite obviousthat he wouldnotbeable to provide an impactful and goal-oriented leadership in this newly formed
organization.because tThe leadership skills nurtured and developed in the public-sector are quitedifferent than those needed to direct a private sector organizationthat iswhich hasmuchmorecompetitive, dynamic,andhas a totallydifferent work culture.PriorTheresearcheshavesrevealedthatqualities and traits of leaders tend to differ across the public and private sectors because of severalfactors like difference in business objectives, work culture, employee relationships and others[ CITATION Jon10 \l 16393 ].This makes it challenging and difficult for a person coming from the public-sector to provide effective leadership in a private sector organization. This is the same scenario with theorganization referred to in thistestresearchcase.Background of the Organization:The organization referred to in this research study is an enterprise that deals with the production anddistribution of various medical devices and emergency medicines across the world such as the US, China,and many other Asian nations. The medical devices industry is booming across the globe with theunprecedented growth and advancement in technology in this sector and the market opportunities areincreasing every year as the overall market awareness about healthcare products have increased overtime[ CITATION Shi14 \l 16393 ]. The organization has recently undergone a change where it hasentered into a merger and acquisition with one of its American suppliers. This has called for a change inthe management strategies and organizational structure. The new CEO of the organization happened tobe one of the existing shareholders of the company who has been appointed as the CEO based on hiswarm relationship with the current management and good reputation. He belonged to apublic-sectororganization and lacked the experience and expertise to lead in a private sector enterprise. Moreover,he was not from the medical background and therefore, there were some emerging issues related to hisstyle of leadership and organizational decision-making. There have been several issues related to thequality of some of the products sold by the company of late.This has been attributed to the lack of proper management and leadership from the top-levelmanagement under the new CEO that has been responsible for lack of adequate employee motivationand that culminated into some unethical actions taken by some management personnel like purchasingof low quality of raw materials to enhance profitability. Therefore, the research has been undertaken todetermine the areas where the leadership and management under the new CEO has gone erroneousand a number of bottlenecks has emerged. Now, the management is thinking of enhancing the revenuethrough growth in new market segments by reducing overall cost of sales and raising profitability. Themanagement also wishes to optimize the marketing and business development departments by creatinga single marketing department serving across all the different territories of the business. Themanagement has plans to enhance the investment in research and development such that newtechnologically upgraded products might be produced and sold in order to achieve growth andsustainability in the dynamic market environment. The management has also planned for reducing theproduction cost and starting up a new production facility in the US and open up new sales branches inthe Indo-China markets
Background of Research Topic:The researchhas delvedaddressesintovarious concepts of leadership, organizational decision-makingand organizational sustainability.The researcher attemptedIt has triedto establish a link between themanagement leadership, its impact on decision-making,and the organizational sustainability. Thischapterpart of the research discusses all thosereviews theconcepts in details.Organizational Leadership:Leadership is one of the key elements that determine the future of an enterprise. Every enterpriserequires effective and strong leadership for achieving optimum effectiveness. Organizational leadershipencompasses human psychology along with prudent business tactics. The leadership that is provided bythe management personnel or the managers within the organization needs to be relevant to the currentbusiness dynamics. Leadership should ensure that it is able to guide and motivate the subordinates intough times of the organization and yet be able to make the business grow and sustain amidst suchcrisis[ CITATION 16P14 \l 16393 ]. An effective leader should be able to implement proper control andcoordination among the group members such that they obey the instructions. In this regard it should beunderstood that organizational leadership is not about dominating and dictating the subordinates. It ismore about offering guidance and direction to the subordinates such that they are able to understandtheir respective job responsibilities and able to achieve their individual goals and objectives along withthose of the organization. Therefore, an efficient organizational leader should be a selfless individualwith the focus on being the mentor, role model and the one that leads from the front. This will inspirethe juniors to look up to him and respect him as an able leader in the organization[ CITATIONMan1715 \l 16393 ].Different forms of Leadership:Leadership in organizational context canbe ofvary byioustypesdepending on the personality andattitude of the leader. The most popular types of leadership are theAutocratic, Democratic,Transactional, Transformational, Laissez Faire,and Situational.,which we willThe researcherelaboratesonon these typeslater in this paper.Differences of Leadership in Public and Private Sectors:Leadership traits are found to differ across the private and the public sectors. Thisresults fromis becausethere aredifferences in the goals and objectives of public and private sector organizations. Some of themajor differences include the strategies such as, for a private sector firm, the emphasis is on generatingthe maximum possible financial returns on investments for the benefit of the stakeholders[ CITATIONGet17 \l 16393 ].Whereas, iInthecase of the public-sector organizations,the main business motive is tooffer various products and services for the benefit of the public.and pProfitability is not the primaryobjective of this type of organization. Apart from this, the private sector organizations are found to havemore clearly defined objectivesthose arefocused on enhancing profitability as compared to the public-sector enterprises where the clarity of goals and objectives of the employees is much lower[ CITATIONGet18 \l 16393 ].This is one of the prime reasons behind the form of leadership varying between theprivate and the public sectors. The other major area of difference between leadership traits in public
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