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Principles of Leadership and Management - Assignment

   

Added on  2021-02-19

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PRINCIPLES OFLEADERSHIP ANDMANAGEMENT
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TABLE OF CONTENTS
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PART A1.1 Importance of defining objectives and success criteria for decision to be takenFor running a business successfully it is very necessary that the business takes proper andefficient decision. It is very necessary to define the objective before taking decision. As beforetaking decision it is necessary to beforehand decide that for which reason or to achieve whatobjective the decision is to be taken (Parker, Holesgrove and Pathak, 2015). Also, it is verynecessary to have some criteria decided so that the decision can be checked that whether thedecision taken will be successful or not. Defining objective before will help decision maker tounderstand the whole scenario for which it has to take decision. Also, with help of definingobjective, decision maker will be clear that what are the vision or the ultimate aim that it wantsto achieve with decision made.1.3 Importance of obtaining valid information to achieve effective decision-makingFor taking decision it is very necessary and crucial for the success of any company ororganization. It is of utmost importance that the information and facts and figures collectedbefore taking the decision are taken from valid and authentic sources. For example, if themanager of any organization needs to take decision relating to increasing the sales of business.And for taking decision it takes help of research department, then the decision made will not beviable (Koohang, Paliszkiewicz and Goluchowski, 2017). For this it will have to take help andinformation from production and sales department. This is because of the reason that they knowwhat they have produced and how much sales department have sold in market.1.4 Importance of aligning decision with business objectivesIt is very essential and necessary that decision maker before taking final decision mustcheck the relevance of decision going to be taken with the objectives and goals of business. It isnecessary to check the relevance and connection between objectives of business and the decisionto be taken. If the decision taken are not in accordance with business objective and goals then theobjective of business will not be achieved. For example, because of increase in prices andinflation if the business make objective of reducing its cost, and at the same time the managerdecides to increase the expenses of marketing its products and services. That in this case thedecision taken does not match with the achievement of objective of reducing cost (Kasemsap,2016). So it is very necessary for company and decision makers to set a balance betweendecision taken and objectives of business.
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1.5 Validation of information used in decision-makingIt is very necessary and important to validate the information which is used in process ofdecision-making. Before taking final decision, the decision maker has to evaluate a number ofalternative decisions (Lawton and Páez, 2015). He has to check the validation of a number ofdifferent decision before making a final decision. It is because of the reason that every alternatedecision has some advantages and some disadvantages. So it is very necessary that decisionmaker do a complete analysis and check the validation of every alternate decision beforefinalizing a single decision. 1.6 Dealing with issues that hamper achievement of quality and targetWhile taking decision there are many problems and difficulties which hampers process ofdecision-making. This is because of the major reason that business exist in a dynamic and ever-changing business environment where it is possible that decision taken right now has to bechanged due to changes in some other macro environment factor. For example, if businessdecides to increase its production capacity till 25,000 and as the decision is made, there is a newrule passed by government that no company can produce above the limit of 20,000. Then in suchsituation changes in government policy hampered the achievement of the though decision.2.1 Difference in influence of manager and leader on their teamsThere is a major difference among the influence of a manager and a leader on their team.This is because of the reason that both a manager and a leader are different in their roles andresponsibilities (Weiss, Tappen and Grimley, 2019). The leader is a person who gives direction,instructions and guides all employees within an organization. On the other hand, manager is sperson who just manages the work of employees and looks after the thing that whether theinstructions of leader are being followed by employees or not. Both of them perform differentrole so their influence on team member is also different. Leader has more influence on the teamthis is because of the reason that leader guide them and helps in increasing efficiency andproductivity of employees. In contrast, the manager is less influential for employees because ofthe reason that it just ensures that work is properly managed and accomplished.2.2 Suitability and impact of different leadership styleFor a successful business it is very important that leader adopts a suitable leadership style(Berger, 2014). This is because of the reason that if leadership will be effective then employeeswill work efficiently and if leadership will not be good then it is not possible for leader to lead
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