The art of inspiring a group of people towards achieving
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1.It should be in report format with minimum 12 references and also 2014 & above leaders, current leaders 2. Theories from text book only
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Running head: LEADERSHIP SUCCESS1 LEADERSHIP SUCCESS (Assessment 2 Individual Essay) Name of the Student: Student ID: Module Code: Name of the Tutor; Word Count: References: Name of the University:
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LEADERSHIP SUCCESS2 1.Introduction Leadership can be defined as the art of inspiring a group of people towards achieving some common goal. A leader understands the potential of others and manipulates them towards achieving their goals and goal of the organization. A good leader is a person who is always a step ahead of others and he looks for himself and the lead he is leading. Organizational leadership can define as motivating the workforces and reach towards the organizational goals and achieve them efficiently and effectively. Entrepreneurship is designing and launching and running business smoothly with implementing appropriate leadership qualities. A good leader is always a good entrepreneur and a successful business leader. Modern organization works in an external environment which is changing rapidly and unpredictably, this type of environment has been called turbulent environment. As environmental turbulence upsurges the issues that causes the improper functioning with in an organization, is removed with proper strategic planning by the managers and of board directors who are the leaders of a business to discuss the perceptions of environmental turbulence and make out strategies to overcome them. Organizations operate in turbulent environment by monitoring and balancing factorsexternalenvironment.Themanagersuse processingtechniquesto identifyandplan appropriate actions that will enable them to maintain an alignment with the demand of external alignment no mater how turbulent the conditions were. Several years ago, we were introduced to balanced score cards method which uses the traditional financial measures for measuring the performance of the individual. The financial measures are lag indicators that could report the outcomes of the leader based on his past actions. The traditional financial indicator helps to promote and develop the leader’s qualities furthermore. At present the ESG or Environmental, Social and Governance metrics are used to measure and set a criterion for a individuals or organizations performance. This method helps to determine the performance of the organization and leader more accurately. It is vital to understand and corporate purpose strategy and management quality of companies. We discuss the performance achievement and role of successful leadership in and organisation, by taking examples of current leaders.
LEADERSHIP SUCCESS3 2. Discussion To understand the turbulence in business world we took the example of thee modern day CEO’s and evaluated their works structure and measure their performance. Andrew Wilson Andrew Wilson, is an Australian businessman who has been the CEO of Electronic Artstill September 2017. Under the leadership of Andrew Wilson, the Company Electronic arts gained huge profits and gained more market share for the company(Liao, 2017). Andrew Wilson started a fresh outlook for EA and started attracting attention of investors for making an ongoing project of a football game which was a success and earned the company more than they bored from the market. This was the first step of success made by Andrew Wilson for the company.Problems:When Andrew first took over the position of CEO he had to start with a drastic amount of employee shortage and this in fact made him to forcefully reduce the cost of the future projects that he had laid a hand on.ESGMatrices:AspertheESGormodern-dayperformancemeasuremetrics,the performance of Andrew Wilson was above average(Baltaci & Balcı, 2017). This was mainly because his techniques of generating more revenue for the company and investors for future projects such as FIFA 2016 and a few racing games both on the PC platforms and Android level. Figure 1: Andrew Wilson, CEO of Electronic Arts (Source:Baltaci & Balcı, 2017) Kevin Plank Kevin plank is an American business man and a philanthropist. Kevin is the founder and CEO of Under Armoura manufacturer of sportwear, footwear and accessories. The idea of under armour was sparked while playing for Maryland terrapins to Kevin plan. He initially ran the business from his grandmother’s house and sold his car for the capital of the business(Holgersson, Benschop, van den Brink & Wahl, 2018). The most impactful leadership quality in Kevin was he was able to bring out the maximum potential in an employee. The most significant decision that
LEADERSHIP SUCCESS4 worked for Under armour was that its employees agreed to work without pay cheque for a certain period so that the company can take an advertisement in the ESPN magazine.Problems:The problems of Kevin Plank were related to the funding of his business at its initial stage. But another major issue that led to almost downfall of his company was that wrong step taken by him regarding taking huge amount of corporate funds which was not return by the company to the market of investors(Shanafelt & Noseworthy, 2017). This was done against the company policy and it was a major issue of the down marketing of the company’s image.ESG Matrices:The ESG measurements of Kevin planks based on the current proceeding is not good. The measurement here is done after the mishap of the fund investing problems for the company which is used is a major cause for low market share of the company(Ferretti, 2016). Figure 2: Kevin Plank, CEO of Under Armour (Source:Ferretti, 2016) Elon Musk ElonMusk is the current CEO of Tesla,a car manufacturing company& Space X, a space research programme of NASA merged with Tesla. Musk received Mars oasis project to exploit greenhouse gases in the atmosphere of mars(Bush, Bell, & Middlewood, 2019). This is a on going project for NASA which demands joining of talented scientist from all over the world. Elon was trusted with this project because he was already a successful business brain appreciate by his colleagues.Problems:The main problem that Elon masked faced during the initial days of his leadership- as a CEO of Tesla & Space X research Centre is that making uniformity among the decision making of a various mind that are present in a single place(Aij, Plette & Joosten, 2017). The difference in option generates confusion among working related to various researches. Thus, a cool mind like Elon had no issues of solving this factor and generate his true leadership qualities.ESG Matrices:According to the modern method of calculating the performance of the individual’s efficiency with the help of ESG we can predict how efficient leader Elon is. Elon has been a cool mind and generate new and unique ideas for the space x research pragmas to have an
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LEADERSHIP SUCCESS5 overall productivity of the experiment (Daft & Lane, 2016). Elon’s techniques generated more productive results in the research. Figure 3: Elon Musk, CEO of Tesla & Space X (Source:Aij, Plette & Joosten, 2017) To mitigate the challenges faced by the leaders – Andrew Wilson, Kevin Plank and Elon Mask as already mentioned in the earlier part of the essay, they need several theories. The theories will benefit them to sort out the issues regarding accommodation of the demands of diverse stakeholders, control and service and improving the courage within the employees (Daft & Lane, 2016). The Stakeholders Theory was first founded by Freeman to evaluate the people who could be recognized as stakeholders without whom companies will not flourish. They are leaders, employees, consumers, suppliers, environmentalists and governmental bodies. The theory has several principles that will benefit the company to identify the effective demands of the stakeholders that will also advance the company’s profitability. These principles are namely, principle of governance; of entry and exit; of contract cost; of limited immortality; of agencies and of externalities (de Gooyert, Rouwette, van Kranenburg & Freeman, 2017). Mentioned principles will help the leaders to list out which demands are to be met and which demands are to be rejected. The mentioned theory is needed to solve the issue of the leaders and followers’ relationship. Theremarkableaspectsofthetheoryaretoconcentratemoreonthefollowersthanthe circumstances of the broaden workplace and states that the leaders should shift their conduct in accordance with the followers. The theory approaches a sequence or advancement of leadership adoption in respect to the improvement of followers. It ensures a smooth relationship that emphasizes to perform firmly and exquisitely with the followers (Thompson & Glasø, 2015). The mentioned theory is crucially required by the leaders to address the issue of developing the courage in the workplace (Rasskazova, Ivanova & Sheldon, 2016). Abraham Maslow was the
LEADERSHIP SUCCESS6 first to advance this need-based theory consisting of a five-layered frame of human devoirs often determined as hierarchical stages within a structure of pyramid. The leaders like Andrew Wilson, Elon Mask and Kevin Plank can utilize this theory to motivate the workers to ensure success within their companies. The five needs that are modelled in the theory are as follows: Psychological Needs, in any company are emulated in the certain requirements. These includes enough opportunity; proper framing of working hours and basis pay scale of the employees to enable an obstacle free survival in the organization. Safety,anothersignificantneedoftheemployeescallsforasecuredworkplace environment. These involves liberty from risks to save the job to fringe the advantages and acquire the security for their existence in the company (Bosse, Duell, Memon, Treur & van der Wal, 2017). Belongingness, employees however have an eagerness to be accepted and appreciated by the leaders. In any workplace this need initiates the ambition for a healthy bonding with colleagues, concurrence in the team work and a decisive relationship with the CEOs. Esteem, within the company reflects an encouragement for identification and an escalation in responsibilities. These are required to gain the acclaim for making effective contribution to the company. Self-actualization, is needed to give the employees an opportunity to develop and feel entitled. This can be addresses by accessing guidance for challenging chores and betterment. Figure 4: Hierarchy of Needs Theory (Source: Rasskazova, Ivanova & Sheldon, 2016) Leadership is a phenomenon where people must choose right decision over wrong. moral leadership is to provide moral support to others for the betterment of a company. Moral leadership is all about developing other’s ability by motivating them (Daft & Lane, 2016). A leader’s duty is to support the team in the unfavorable condition by enhancing work quality over time and giving them moral supporting. In the unfavorable condition, a leader should take right decision and identify the inter strength of other employee and must choose right strategy to cope up with the situation.
LEADERSHIP SUCCESS7 To develop a company and run a successful business, moral leadership helps company meet demands of multiple stakeholders, as this leadership shows three levels to become moral leader. Those levels are preconventional level, conventional level and post conventional level. As people are egocentric, to lead other people, a leader should autocratic toward others and should be cooperative with other to maintain multiple stakeholder team. According to de Gooyert, Rouwette, van Kranenburg & Freeman (2017), the conventional level of moral leadership, people should maintain good behavior towards collogues and should follow values, rules, honesty that will help to maintain corporate work culture. Moreover, people should avoid false promises, violence in the workplace to sustain a friendly environment. In the nest level that is postconventional level, some undesired condition may happen such as dishonesty, rude and selfish behavior could be observed in other employees. In this situation, a moral leadership behavior can control the event by understanding the full event and perception of other team members (Rasskazova, Ivanova & Sheldon, 2016). Thus, an organization can be successful by following moral leadership. Courage is a mental strength of a leader and having courage, a leader can face any of issues passing through a company. Courage means taking responsibility of specific matters that a leader should carry out. A CEO of a company take responsibility to fix any wrong decision or any kind of hazardous situation occurs in a company. Sometimes, a CEO should have the courage to work beyond the comfort zone. There are two types of power such as hard power and soft power, using those CEO can manage stakeholder relationship as well as can accomplish goal of an organization. In the hard power, there are legitimate power which describe the right of a leader or CEO to order something to other employees. Through obeying those orders, employee gets reward by the leaders, that is a hard power of a leader. On the other hand, Thompson & Glasø (2015) explained that, a leader can punish those who are not obeying the order, it is coercive power. In the soft power, based on CEO’s knowledge employees are bound to take CEO as an expert and attractive characteristic of the leader can influence other is a referent power. Those power helps to maintain relationship between stakeholders.To achieveorganizationalgoal and relationshipmaintenance,CEOusessome influentialstrategiesinrespecttostructuralperspective,behavioralperspectives,processual perspectives (Baltaci & Balcı, 2017). Through good behavioral influence, CEO can manage any unfavorable conditions that might happen between stakeholders. A good structural influence is a major key to achieve organizational goal and can easily followed by board which is created by them. To manage followers, leaders should maintain a self-image or character in a way that followers obey all orders of the leader. Followers always wants respect, empathy from their leaders
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LEADERSHIP SUCCESS8 that can help to understand the perception of followers. By understanding from the point of View of followers, leader can easily face the challenges in front of him or her. Followers always admire those leaders, who are up to date and give motivation as well as moral support. For resolving any challenges, a leader should be positive in attitude that can make any unfavorable or undesired situation easy to handle (Rasskazova, Ivanova & Sheldon, 2016). CEO or a leader should be collaborative in nature, which simplifies a hard to handle situation collaborating with followers. Creating a thriving workforce by extrinsic and intrinsic motivation is the best key to empowerment of followers. For this reason of empowering followers’ leader should provide motivation by rewarding them or by praising them. By fulfilling the basic needs of followers make them more attentive and enhance urge to do better work. Applying the hierarchy of needs theory and Two-factor theory, empowerment of followers can be possible. Those theory describes that fulfillment of basic needs drive the urge to fulfill psychological needs (Daft & Lane, 2016). In this respect, if an organization is successful to fulfill the basic needs of its employee then employee will devote themselves to achieve the organization’s goal. A leader moral support is also very essential to meet psychological needs of the followers. In the context of global organization, when team and other stakeholders may be across differentpartof theglobe,leadermustmaintainthemajorresponsibilities.leaderhasthe socioemotional role to maintain that involves understanding issues regarding followers and other employees.Moreover,aleadermustmanageconflictpronesituationthroughempathyand collaborative behavior (Thompson & Glasø, 2015). Leader would develop innovative ideas to mitigate the harmfulness of the situation and guide followers to avoid violence. However, the leader should encourage followers to concentrate on their work instead of enhancing debate or conflict.
LEADERSHIP SUCCESS9 3. Conclusion It can be concluded that leadership is the base to manage an organization successfully. Leadership quality of CEO enhances the work quality of employees to ensure smooth working. There are several challenges of the Australian organization such as developing moral leadership, developing courage, and to meet the demand of multiple stakeholders. To mitigate those challenges, several theories have been approached in the essay namely stakeholder theory situational theory and hierarchicalneed-basedtheory.Inthiscontext,leadersshouldmotivatefollowersthrough empowering them. However, a leader would influence followers by implying positive attitude and encouraging behavior. In this way, a leader will able to face challenges and conflict by using power and influential theories.
LEADERSHIP SUCCESS10 References Aij, K., Plette, M., & Joosten, G. (2017). Lean leadership attributes: a systematic review of the literature.JournalOfHealthOrganizationAndManagement,31(7/8),713-729.doi: 10.1108/jhom-12-2016-0245 Baltaci, A., & Balcı, A. (2017). Complexity Leadership: A Theorical Perspective.International JournalOfEducationalLeadershipAndManagement,5(1),30.doi: 10.17583/ijelm.2017.2435 Bosse, T., Duell, R., Memon, Z., Treur, J., & van der Wal, C. (2017). Computational model-based design of leadership support based on situational leadership theory.SIMULATION,93(7), 605-617. doi: 10.1177/0037549717693324 Bush, T., Bell, L., & Middlewood, D. (Eds.). (2019).Principles of Educational Leadership & Management. SAGE Publications Limited. Daft,R.,&Lane,P.(2016).Theleadershipexperience(7thed.).Mason,Ohio: South-Western/Cengage Learning. de Gooyert, V., Rouwette, E., van Kranenburg, H., & Freeman, E. (2017). Reviewing the role of stakeholders in Operational Research: A stakeholder theory perspective.European Journal Of Operational Research,262(2), 402-410. doi: 10.1016/j.ejor.2017.03.079 Ferretti, V. (2016). From stakeholders analysis to cognitive mapping and Multi-Attribute Value Theory: An integrated approach for policy support.European Journal of Operational Research,253(2), 524-541. doi: 10.1016/j.ejor.2016.02.054 Holgersson, C., Benschop, Y., van den Brink, M., & Wahl, A. (2018). Diversity Networks: Networking for Equality?.British Journal Of Management. doi: 10.1111/1467-8551.12321 Liao,C.(2017).Leadershipinvirtualteams:Amultilevelperspective.HumanResource Management Review,27(4), 648-659. doi: 10.1016/j.hrmr.2016.12.010 Rasskazova, E., Ivanova, T., & Sheldon, K. (2016). Comparing the effects of low-level and high- level worker need-satisfaction: A synthesis of the self-determination and Maslow need theories.Motivation And Emotion,40(4), 541-555. doi: 10.1007/s11031-016-9557-7 Shanafelt, T., & Noseworthy, J. (2017). Executive Leadership and Physician Well-being.Mayo Clinic Proceedings,92(1), 129-146. doi: 10.1016/j.mayocp.2016.10.004
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