Introduction to Leadership in Business Enterprises
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Added on 2020-04-29
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The technological innovations and continuous progress has added to the dynamics in the organizational structure of the business considerably as the firms go on adapting new technologies in order to improve their productive efficiency as well as to reach out to different genres of clientele across the world. Given this scenario, it becomes absolutely necessary for the business institutions to make their organizational management dynamic by implementing appropriate organizational changes to make the business organizations more competitive and adaptive to the new business environment prevailing in the global scenario (Craig & Campbell, 2012).
Introduction to Leadership in Business Enterprises
Added on 2020-04-29
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Running head: LEADERSHIP IN BUSINESS Leadership in BusinessName of the StudentName of the UniversityAuthor Note
1LEADERSHIP IN BUSINESS Table of ContentsPART-A...........................................................................................................................................2Introduction..................................................................................................................................2Reasons behind the need for organizational changes in business enterprises.............................3Organizational Changes...............................................................................................................5Types of Organizational Changes................................................................................................6Incremental Change.....................................................................................................................7Technical Change....................................................................................................................8Common Areas where changes can be brought by the managers...............................................9Conclusion.................................................................................................................................11PART-B.........................................................................................................................................12Introduction................................................................................................................................12Causes of failure of leadership in commercial organizations....................................................13Case Studies:..............................................................................................................................18Satyam Computers:................................................................................................................18Leadership Failure:................................................................................................................19Alibaba:..................................................................................................................................19Leadership success:...............................................................................................................20References......................................................................................................................................21
2LEADERSHIP IN BUSINESS PART-AIntroduction The contemporary business environment in the global scenario has been becomingincreasingly diverse, competitive and complicated across the world. The contemporarycommercial scenario has been experiencing a huge dynamics both in terms of their structure aswell as in terms of the operational base and clientele (Qaisar & Khawaja, 2012). Thephenomenon of Globalization, which is an integration of the economic, cultural and socialaspects of the different parts of the world, also contributed significantly in changing the businessstructure in the global scenario. With a more interconnected global forum, the number of playersin each of the industry has increased significantly, as now the consumers have access to bothdomestic and internationally produced goods and services. Thus, the business world has becomehugely competitive (Baylis, 2016). The technological innovations and continuous progress has added to the dynamics in theorganizational structure of the business considerably as the firms go on adapting newtechnologies in order to improve their productive efficiency as well as to reach out to differentgenres of clientele across the world. This, in its turn, increases the competition in thecontemporary commercial situations (Popescu, 2013). Given this scenario, it becomes absolutelynecessary for the business institutions to make their organizational management dynamic byimplementing appropriate organizational changes to make the business organizations morecompetitive and adaptive to the new business environment prevailing in the global scenario(Craig & Campbell, 2012).
3LEADERSHIP IN BUSINESS The assignment takes into account the aspect of the need for organizational changes,especially by the small or the traditional business organizations to adapt and survive in thefiercely competitive global commercial scenario. The changes are required to cater to theincreasingly changing clientele, diverse demand structures, dynamism, and specialism in themarket. The assignment tries to analyze the causes behind the need for such changes and alsodiscusses the ways in which the business organizations can implement the changes in theirorganizations so as to make their organizations fit to compete in the industry in the internationalscenario (Sekaran & Bougie, 2016). Reasons behind the need for organizational changes in business enterprises With the global economic scenario constantly undergoing changes in structure,demography and methods of operations, there arises several reasons for which changes areneeded to be implemented in terms of the organizational structures of the commercialenterprises. The primary ones are discussed as follows: Change for the sake of change- The main reason behind the implementation of any kind oforganizational changes in the business institutions can be the changes in the overall commercialframework in the international scenario, with time, which makes it a continuous challenge onpart of the institutions to maintain their profitability and long run prospects (Benn, Dunphy &Griffiths, 2014). Identification of new opportunities- With the change and constant variations in the demand ofthe consumers and the innovations in every aspect of the commercial scenarios, there arise newtypes of opportunities in the organizations to expand their area of operations by modifying
4LEADERSHIP IN BUSINESS according to the need of the situations. This may help them by improving their long-termadaptability and prospects in commercial aspects (Fortune.com, 2017). Technological innovations-The world is continually undergoing technological innovations,which has considerable implications in every sector of the countries, including the industrial andcommercial sector of the global economy. Therefore, it becomes increasingly essential on part ofthe commercial enterprises, to incorporate this aspect in their operational framework (Halkos &Bousinakis, 2012). To stay in the competition and to earn an edge over their rivals, the businessorganizations need to be aware of the changes and improvements in the technological aspectsrelevant to their operational requirements. If an organization fails to adopt the new technologicalchanges, it may result in loss of opportunities for the organization and may in the long run havenegative impacts on the same in terms of efficiency, competitiveness and long term profitability(Carlsson, 2012). Internal and External Pressure- With the changes in the overall business environment, themanagement and employees in the workplace often exerts pressure for change in the concernedorganization, which are of internal in nature. On the other hand, pressures also come fromexternal sources, which include the demands of the customers, the changes in the clientele,changes in the regulations of the governments, dynamics in the financial markets and others.These internal as well as external pressures collectively result in the changes in theorganizational behavior in those commercial enterprises (Stacey, 2016). Planned Abandonment- Change being the only constant in the business environment in theglobal scenario, with respect to time and requirements of the then situations, the enterprises oftenneed to replace their traditional processes, production methods and even goods and services that
5LEADERSHIP IN BUSINESS they offer to their customers (Cameron & Green, 2015). This is required to keep the companysurviving in the continually increasing competitive commercial environment. For the purpose ofthis planned abandonment, organizational changes are extremely important and for that, properstrategies are to be taken by the commercial enterprises. Keeping the above requirements in mind, it becomes evident that with the constantlychanging and modifying environment in the commercial scenario, it becomes necessary for thebusiness organizations to implement changes in the organizations to increase their long termeffectiveness and efficiency. However, these changes are not simple or easy to design orimplement and requires more than just planning for the same. Organizational Changes Organizational changes, in the contemporary periods, require significant emphasis on thehumane factors present in these aspects. Organizational changes, by the term itself, refers to thereviewing and modifications of the management and business structure of a commercialorganization, including the changes which are required in the production process of the companysuch that the company can adapt to survive against the continually increasing competition andgain an edge before the bigger competitors (Sikdar & Payyazhi, 2014). However, changes in theorganizational structures are not stagnant or one time as complacency in the businessorganizations may lead to withering out of the successes achieved from one time organizationalchange. Thus, it is evident that organizational change in the business institutions is a continuousprocess, which can be of different types, which are discussed in the following sections.
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