This report discusses the leadership of Woolworths CEO Bradford Banducci, his transformational leadership approach, challenges faced, and recommendations for leadership.
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WOOLWORTHS LEADERSHIP1 Contents Introduction................................................................................................................................2 Overview of the company..........................................................................................................2 Woolworth’s activities are as follows....................................................................................3 Overview of the leadership........................................................................................................4 Changes that Bradford Banducci Has Demonstrated Transformational Leadership Approach were:...........................................................................................................................................5 Issues and challenges faced by the leader..................................................................................6 Lessons learnt from the leadership of Bradford Banducci.........................................................7 Recommendations for the leadership.........................................................................................7 Conclusion..................................................................................................................................9 References................................................................................................................................11
WOOLWORTHS LEADERSHIP2 Introduction Woolworths is an Australian supermarket which is chain retained by the group of Woolworths which was founded in 1924(Grant, 2012). It also has a subsidy named Coles. It mostly sells groceries, but they also retail magazines and DVD’s health and other beauty foods.Woolworthsoperatescurrentlyunderjust1000storesacrossAustralia:976 Supermarkets and an additional 19 "Metro"(Keith, 2012). This report discusses about the leadership of Woolworths CEO Bradford Banducci, he is the current CEO of Woolworths after this the report discusses the changes that Bradford Banducci made in the company after his entrance, issues and challenges by the CEO of Woolworths, lessons learnt from the leadership of Bradford Banducci and lastly the recommendations theoryfor the leadership (García-Morales, Jiménez-Barrionuevo, & Gutiérrez-Gutiérrez, 2012). Overview of the company WoolworthsisanAustraliansupermarket.Itismaintainedbythegroupof Woolworths and it was founded in the year 1924. Woolworths also has a subsidy called Coles and it shares around 80% of the market share for the Australia(Pieterse, Van Knippenberg, Schippers, & Stam, 2010).Woolworths is mostly famous for selling groceries like vegetables, fruits, meat, packaged food and etc. but they also sell other things such as the magazines, DVD’s health and other beauty products. Woolworths currents works or operates in 1000 stores in Australia outof which976 are the supermarkets and 19 other are Metro stores which have the same logos. Woolworths also have an online collection called “Home Shop” where people can collect and click a delivery servicerelated tohome shopping(Grint, Jones, & Holt, 2016). Woolworths was initially founded in 1924 under the name of “Walworth’s Bazaar” after it was found that the name was not registered in Australia the company changed
WOOLWORTHS LEADERSHIP3 its name to Woolworths.By December 1924 Woolworth in progress selling a variety of goods and claimed to be the inexpensive priced store and after 20 years of its establishment the it had its store in every state of Australia. In 1982 the company acquired 2 of the grocery brands named “Roelf Vos” and “Purity”. In the year 1987 Woolworths launched their “The fresh food people “campaign which existed till 2012 after which they modified the campaign and named it “Australian’s fresh food people” in order to endorse the fact that 96% of the fresh food available in the supermarket is full-grown in Australia. Woolworth’s activities are as follows Essentials: This is the budget label under which the everyday household groceries and products are available. Under this range the products usually have a red or a white symbol on the top corner at the left or on the front side of the packaging(Wright, Moynihan, & Pandey, 2012). Food Range:this is one of the most popular ranges of Woolworths. Under this comes the food range across the store. Under this range the logo of the products are in the colour green and white. Woolworth also provides a service in which the customers can develop a part of a group called Bunch in which they can test food and give feedbacks for improvements(Wang, Oh, Courtright, & Colbert, 2011). Gold: this brand range structures the premium products which are only obtainable during the time of Christmas and it includes the product like mini cakes and fruit pies etc. Macro wholefoods Market: this product range has foods from the artificial sweets and colours and flavours. A lot of products in this variety are promoted as the organic foods Delicious nutrients: this variety is association among the Woolworths and the Australians individual trainer Michele bridges.This variety has frozen meals and chilled meals. Under
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WOOLWORTHS LEADERSHIP4 this all the things include 2-3 serves vegetables, grains and proteins and they serve 450 calories per person. The odd Bunch: under this comes the fresh produce range which includes fruits and vegetables like carrots, lemons and apples as they are then defective. These merchandises are sold at a cheaper rate or price. Overview of the leadership Bradford Banducci is the existing director and the CEO of Woolworths. He was chosen the current CEO in 2016. Before Woolworths he was part of the liquor department in the year 2012- 2015. Bradford Baldacci followed the transformational leadership trait. This is a form of leadership which focuses on the connection and connection amongst the leaders and the followers and after this is done the target market of the company is set. Bradford Banducci used transformational leadership approach in the Woolworths. Transformational leadership is a concept that focuses on the relationship among the leaders and the followers this type of leadership helps a company to decide whether to reward or to punish an employee. Transformational leadership focuses on enhancing the positive change which is very important for the development of the organization and it also benefits both the external and internal environment of the organization(Van Dierendonck, 2011). The significance of transformational leadership is that it helps in enhancing the creation of positive occasions and gives people new ideas in order to take responsibilities for the implementation. In various cases the charismatic of the leaders are something that persuade others on altering the principles and standards to adopt the new one which are significant for the growth. Loyalty is one of the main key for transformational leaders as they vision to achieve the set goals and purposes. Transformational leaders focus on improving the life of the followers.The main
WOOLWORTHS LEADERSHIP5 focus of transformational leadership is to identify the changes and provide the employees with changes they require. BradfordBanducciastheChiefExecutiveOfficerofWoolworthGroupused transformational leadership style in Woolworths. He is an experienced person in leadership and he is very well suited to the changes and the wellbeing of a group. He is a role model for the company and he takes proper control of all the activities of the company. All the activities of Woolworths such as the suppliers of various products, the receivers of the services and the customers of the Woolworths all are experiencing a positive change under the experience of Bradford Banducci. The first report that he made on Woolworths after joining the company was regarding the badly behaved distressing the company which was poor coordination and management. The company did not indication a very big alteration and the shareholders had a fear that they all might make losses on selling their shares. Bradford Banducci is taking a lot of measures and controls in order to recover the wellbeing of the company and he is also making a lot of developmental strategies for the group of Woolworths(Paarlberg, & Lavigna, 2010). Changes that Bradford Banducci Has Demonstrated Transformational Leadership Approach were: Improvement of the positive customer’s culture. After reaching the Woolworths the first thing that was the major focus of Bradford Banducci was that customers are the most important part of any business and thus he made sure that the company should focus on making profits as well as customer’s attention. Bradford Banducci focused on enhancing the customer’s satisfaction and loyalty of the customers(McCleskey, 2014).
WOOLWORTHS LEADERSHIP6 Bradford Banducci also focused on the positive connection with the company and the existing suppliers. He thought it to be important as it maintains the gap among the suppliers’ and the organization. He maintained this by having various communication stages and also by having various engagement programs. He made various struggles to move around to various stores of Woolworths with the main suppliers in order to endure that they understand the value and quality of the goodsthat are needed; Bradford did this in order to bring a positive change in the supply chain management of Woolworths and to bring out the expected quality for the customers. Bradford Banducci focused on the customer focus approach which also looked for increase in the workforce in order to deliver the required services to the customer’s at the expected time. Issues and challenges faced by the leader Bradford Banducci faced various challenges related to operations of the company. He had a challenge of making sure that the company gets back to the ground again as the operations and the overall production was exaggerated due to various reasons which also led to poor marketing of Woolworths, In order to solve this he made sure that there are various strategies that can restore the market confidence. Another strategy that he focused on was making the strategies to improving the customer’s culture by guaranteeing that customers of the company are assisted with dignity and respect and he also ensured that thequality of the products are improvedto meet the quality of the customers. Bradford Banduccimade sure that all the activities of the company were developed with the strategies and set objectives were met (Cunliffe, & Eriksen, 2011). Another main issue and challenge that Bradford Banduccifaced was the increased rivalry among Woolworth and Wesfarmers and Kmart, with stores like these obtainable in the
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WOOLWORTHS LEADERSHIP7 market customers always had a substitute to switch to the other markets. In order to solve this issue the CEO made sure and ensured that the suppliers are conscious about the products wanted by the company and he also focused on the culture of the company and prices of the products to make sure that theorganization met the needs and wants of the customers. For this the CEO must have improved the marketing mix measures as this would have helped them to reach the customers in all the areas (Morgeson, DeRue, & Karam, 2010). Lessons learnt from the leadership of Bradford Banducci Effective leadership can be influenced by various factors such as a good and responsible workforce (Sadeghi, & Pihie, 2012). Effective leadership can be only resolved with thoughtful characteristics of the followers and their wants. Leadership is a procedure that involves relevant and intelligible skills in a specific field. Recommendations for the leadership Transformational leadership combines accepted and well known management skills under the leadership of a leaders or a manger to reverent the manger. Transformational leadership focuses on the vision of the business and the passion to run it. A transformational leader should inspire and trust the employees in order to develop the skills of the employees and to the turn the vision of the company into reality (Breevaart, Bakker, Hetland, Demerouti, Olsen, & Espevik, 2014). Four I’s.
WOOLWORTHS LEADERSHIP8 The main qualities of transformational leadership are in the form of four I’s. With the impact and idealize a leader should act as a role model who should ask the assistants to do the task and a leaders should also inspire the and motivate the follower and obligate them to the vision of the organization. By individualized consideration each and every team membercan be given personal attention and can be motivated personally. Thisthing also teachesthe followersnewwaysof doing business (Jameson, 2010). Potential Pitfalls Transformationalleadershiphasvariousdrawbacks.Leadershipapproachis something that can be learned. It is very important for the leader to have a visionary personality in order to make things work in an organization. A transformational leader should see a bigger picture and keep in mind all the details. A leader should build enthusiasm within the team members (Odumeru, & Ogbonna, 2013). Reaching new heights of performance Transformational leadership is something which is built on the beliefs of others and each member should be able to contribute to it. It is important for the leader to build strategies in order empower the team members. It is important for the leaders to redefine the business culture and the work of the employees for example, post photos for employee of the month and appreciating the best employees(Braun, Peus, Weisweiler, & Frey, 2013). Empowering the teams Transformationalleadersshouldworktowardssuccessoftheprojectsand empowering the teams. There are six ways to empower the teams.
WOOLWORTHS LEADERSHIP9 a)Get immediate feedback: No Feedback is ignored by the organization but the process of feedback usually takes time in an organization. It is important for the organizations to ensure the immediate feedback and cut the paperwork and the organization should solve all the issue of the organization as well (Gutiérrez, Hilborn, & Defeo, 2011). b)execute feedback: This mainly means giving the team a chance to get the details of the company by keeping regular meetings where the leader can share the information regarding the company and the employees can share their views as well (Hooper, Potter, & Henderson-Stainton, 2010). c)offer new challenges:A leader should complacent the or stationary the teams basically a leaders should have open communication with the team and should offer them better ways to accomplish h task in a better and a more effective manner. d)Respect boundaries: a leader should give the team member challenges and certain boundaries that are appropriate for the followers and those they can cross. This should be done to give the followers growth opportunities but to also make sure that they can grow with the given task (Uhl-Bien, 2011). e)Provide flexibility: this applies both to the team and the leader. Leaders should build trust among the teams and the work given to them. A transformational leader should give flexibility to the leaders (Ayman, & Korabik, 2010). Conclusion ThroughthisessayitisconcludedthatBradfordBanduccifocusesonthe transformational leadership which is a leadership that focuses on the relationship between the leaders and the followers.When he entered the company he could make out that the main issue that was affecting the company was the poor coordination. The report also discusses the changes he made during his leadership which were change in customer’s culture and positive
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WOOLWORTHS LEADERSHIP10 relationship with the suppliers of the customers. Next the report discusses about the issue and challenges faced by Bradford Banducci during his leadership in Woolworths, The issues that he faced were bad quality of products, lack of coordination and issues in supply chain management of the firm. Lastly the report discussesrecommendations for the leadership which are four I’s, Potential Pitfalls, Reaching new levels of performance, Empowering the teams, get immediate feedback, execute feedback, offer new challenges, respect boundaries and provide flexibility.
WOOLWORTHS LEADERSHIP11 References Ayman, R., & Korabik, K. (2010). Leadership: Why gender and culture matter.American psychologist,65(3), 157. Braun, S., Peus, C., Weisweiler, S., & Frey, D. (2013). Transformational leadership, job satisfaction, and team performance: A multilevel mediation model of trust.The Leadership Quarterly,24(1), 270-283. Breevaart, K., Bakker, A., Hetland, J., Demerouti, E., Olsen, O. K., & Espevik, R. (2014). Dailytransactionalandtransformationalleadershipanddailyemployee engagement.Journal of occupational and organizational psychology,87(1), 138-157. Cunliffe, A. L., & Eriksen, M. (2011). Relational leadership.Human relations,64(11), 1425- 1449. García-Morales, V. J., Jiménez-Barrionuevo, M. M., & Gutiérrez-Gutiérrez, L. (2012). Transformationalleadershipinfluenceonorganizationalperformancethrough organizational learning and innovation.Journal of business research,65(7), 1040- 1050. Grant, A. M. (2012). Leading with meaning: Beneficiary contact, prosocial impact, and the performanceeffectsoftransformationalleadership.AcademyofManagement Journal,55(2), 458-476. Grint, K., Jones, O. S., & Holt, C. (2016). What is Leadership.The Routledge Companion to Leadership, 3. Gutiérrez, N. L., Hilborn, R., & Defeo, O. (2011). Leadership, social capital and incentives promote successful fisheries.Nature,470(7334), 386.
WOOLWORTHS LEADERSHIP12 Hooper, A., Potter, J., & Henderson-Stainton, L. (2010). Leadership and change. Jameson, J. (2010). Trust and leadership in post-compulsory education: Some snapshots of displaced dissent.Power and Education,2(1), 48-62. Keith, S. (2012). Coles, Woolworths and the local.Locale: The Australasian-Pacific Journal of Regional Food Studies,2, 47-81. McCleskey, J. A. (2014). Situational, transformational, and transactional leadership and leadership development.Journal of Business Studies Quarterly,5(4), 117. McCleskey, J. A. (2014). Situational, transformational, and transactional leadership and leadership development.Journal of Business Studies Quarterly,5(4), 117. Morgeson, F. P., DeRue, D. S., & Karam, E. P. (2010). Leadership in teams: A functional approachtounderstandingleadershipstructuresandprocesses.Journalof management,36(1), 5-39. Odumeru, J. A., & Ogbonna, I. G. (2013). Transformational vs. transactional leadership theories: Evidence in literature.International Review of Management and Business Research,2(2), 355. Paarlberg, L. E., & Lavigna, B. (2010). Transformational leadership and public service motivation: Driving individual and organizational performance.Public administration review,70(5), 710-718. Pieterse, A. N., Van Knippenberg, D., Schippers, M., & Stam, D. (2010). Transformational andtransactionalleadershipandinnovativebehavior:Themoderatingroleof psychological empowerment.Journal of organizational behavior,31(4), 609-623.
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WOOLWORTHS LEADERSHIP13 Sadeghi, A., & Pihie, Z. A. L. (2012). Transformational leadership and its predictive effects onleadershipeffectiveness.InternationalJournalofBusinessandSocial Science,3(7). Uhl-Bien,M.(2011).Relationalleadershiptheory:Exploringthesocialprocessesof leadership and organizing. InLeadership, gender, and organization(pp. 75-108). Springer, Dordrecht. VanDierendonck,D.(2011).Servantleadership:Areviewandsynthesis.Journalof management,37(4), 1228-1261. Wang, G., Oh, I. S., Courtright, S. H., & Colbert, A. E. (2011). Transformational leadership and performance across criteria and levels: A meta-analytic review of 25 years of research.Group & organization management,36(2), 223-270. Wright, B. E., Moynihan, D. P., & Pandey, S. K. (2012). Pulling the levers: Transformational leadership, public service motivation, and mission valence.Public Administration Review,72(2), 206-215.