Strategic Management & Leadership Styles
Added on 2020-01-15
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Strategic managementand Leadership Skills
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 2............................................................................................................................................11.2 Management style and leadership style impacting strategic decisions of organisation........11.3 Different leadership styles impacting different situation faced by organisation...................2TASK 3............................................................................................................................................32.1 Management and Leadership theories operating in two established organisations..............3Reviewing the management and leadership theories..................................................................5TASK 4............................................................................................................................................52.2 Leadership strategy using leadership theory.........................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONCompetition and volatility in market has been increasing with he significant rate.Organisations caters to establish its prominent position in market by optimizing all its functions.Among three pillars of organisations activities, strategic management is the most crucial onewith the other two are operational management and resource management. With the continuouschanging scenario of market place, higher authorities of the organisations drive towards adoptingeffectual strategies and leading their employees in appropriate manner to strive for success anddevelopment. The present report is prepared to elucidate different components of strategicmanagement and leadership style of decisions taken by organisations. For that purpose,management consultancy and training company is taken into account.TASK 21.2 Management style and leadership style impacting strategic decisions of organisationIn an organisation higher authorities in order to utilize all the resources in the optimummanner adopt a set of activities which vary on the basis of individuals in charge and organisationwith certain goals and targets (Hitt, Ireland and Hoskisson, 2012). There are differentmanagement and leadership styles adopted by them which further affects all the operationsundertaken by employees. It impacts the culture of organisation, characteristics possessed bymanager, decision taking process and adaptability of management. There is thin line between theleadership style and management style defining leadership style is about the way of directing,implementing plans and motivating subordinates whereas management style with the broaderconcept stating the way in which decisions are taken by senior authorities and vertical andhorizontal coordination is maintained among employees. In the selected organisation Nexus Ltd,combination of leadership and management is using ether of them alone is unable to derivelucrative results such as management without leadership fails to acknowledge employeesactivities due to undue emphasis on process and emphasizing more on results whereas leadershipwithout management lacks systematic approach with procedures and policies. Different styles ofleadership and management significant influence decisions taken by Nexus Ltd in variousdimensions (Hill and Jones, 2012).Autocratic: Autocratic style is the unilateral decision making by senior authorities withany involvement of subordinates. The time when nexus adopts autocratic style, decisionstaken reflects the opinions and principles of the leader only in place of organisation a1
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