Contemporary Leadership and Management Report: 6HR510 Assignment

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This report delves into the realm of contemporary leadership and management, examining the core definitions of both concepts and highlighting the similarities and differences between organizational leaders and management teams. It explores various leadership styles, including democratic and transformational approaches, as exemplified by leaders such as Margrethe Vestager, Greta Thunberg, and Satya Nadella. The report further analyzes the roles and responsibilities of leaders and managers, drawing upon both academic and professional sources. It evaluates the skills and behaviors crucial for successful leadership and proposes a development intervention, including its enactment and impact measurement. The report underscores the importance of effective collaboration and adaptive strategies in navigating complex business environments and achieving organizational goals. It also examines the success criteria for different leadership styles and the reasons behind their effectiveness.
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Running head: CONTEMPORARY LEADERSHIP AND MANAGEMENT
Contemporary leadership and management
Name of the Student
Name of the University
Author Note
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1CONTEMPORARY LEADERSHIP AND MANAGEMENT
Executive Summary
Leadership is defined as the dynamic relationship among the leaders of a business and the
other collaborators of the business. Contemporary management is very much significant in a
modern commercial establishment as it helps in planning and executing all the business
or9cess in a systemized modus.
The report shall be focusing on the similarities and the differences between the organizational
leaders and the management team of any business environment. The roles and responsibilities
of both leaders and managers shall be highlighted in this report from different perspectives.
Comparative analysis shall be conducted on the greatest leaders of the world based on the list
provided by Fortune. Critical analysis of the skills and behaviour of successful leaders shall
be conducted in this report as well. This report shall also propose the way of enacting and
measure the effectiveness of a development intervention.
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2CONTEMPORARY LEADERSHIP AND MANAGEMENT
Table of Contents
Section 1.....................................................................................................................................4
Definitions of leadership and management............................................................................4
Similarities and differences between leadership and management........................................4
Similarities and differences....................................................................................................6
Justified conclusion................................................................................................................7
Section 2.....................................................................................................................................8
Introduction of the three leaders............................................................................................8
Leadership style followed by Margrethe Vestager................................................................8
Leadership style followed by Greta Thunberg.......................................................................9
Leadership style followed by Satya Nadella..........................................................................9
Success criteria of their leadership style..............................................................................10
Reason behind people following them.................................................................................11
Conclusion............................................................................................................................12
Section: 3..................................................................................................................................13
Skills and behaviour required to become successful for a leader........................................13
Development intervention....................................................................................................14
Justification..........................................................................................................................15
Enactment of development interventions.............................................................................16
Measurement of its impact...............................................................................................16
Conclusion................................................................................................................................16
Reference..................................................................................................................................18
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3CONTEMPORARY LEADERSHIP AND MANAGEMENT
Section 1
Definitions of leadership and management
The art of motivating a group of people to achieve a common goal can be defined as
leadership (Thorpe 2016). The role of a leader is very much significant for the growth of an
organizational setting as well as in our society. The role of business leaders is to improve the
performance of the workers in a business setting. Leaders require traits that are beyond their
management duties. Communication, supervision, and inspiration are the three most common
traits of an effective leader. A leader must be having a clear vision of the roles and
responsibilities of each member of a project. The general characteristics of a good leader are
self-confidence, reactiveness in the time of crisis, level-headedness, openness to change,
willingness to take calculative risks in the workplace, perseverance in the face of failure,
creative and innovative thinking, management skills and effective communication skills.
The art of managing the scope, concept and objective of a business is defined as
management (Willis, Clarke and O'Connor 2017). The organization and the coordination of
all the activities of a business is usually monitored by the management team of the business.
The role of the management is to look after the resources of the business as well, as managing
the resources is very much required for the creation of high-quality services for the
consumers. There are diverse categories of management that are incorporated in our society
like operations management, supply chain management, financial and accounting
management, procurement management, sales management, and public relations
management.
Similarities and differences between leadership and management
Getting people to comprehend and believe in the mission or the vision of a company
is the prime responsibility of the organizational leaders (Gopee and Galloway 2017). The
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4CONTEMPORARY LEADERSHIP AND MANAGEMENT
organizational leaders require to motivate the workers so that the common goals of the
company are achieved without any sort of disruption. Whereas, all the administrative actions
required in business are conducted by the management team of the business. The daily
activities of the resources of a business is monitored by the management team rather than the
organizational leaders. Most of the employees in an organizational setting usually follow a
leader rather than a manager.
On the other hand, there are few similarities between the management and a leader as
well as they are one of the most powerful driving forces of the business (Bush and Glover
2016). They drive the business to glory and help in attaining sustainable development as well.
In complex business scenarios like recession or other economic breakdowns, leaders sets the
direction of a business project and management plans for the project. The organizational
leaders align all the resources required in the business where the management team
accumulates and organizes the staffs required in the projects. The organizational leaders
motivate and inspire the employees of the project, whereas, the management tries to control
the challenges they face. Thus, active collaboration is required to address the business risks
coming from adverse economic breakdowns.
Both of these stakeholders work with a wide range of people with themselves, both of
them are equally responsible regarding the creation of an accurate creation of the functional
structure of the business and the organizational structure as well (Nayani et al. 2018). Thus,
the fundamental blocks of business is maintained using the collaborative efforts coming from
both management and the organizational leaders. The entire block structure of the business
can get affected as well.
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5CONTEMPORARY LEADERSHIP AND MANAGEMENT
Current perspectives on the roles and responsibilities of leaders and managers
Professional source
Based on the discussions of this newspaper article, it can be said that enhancement of
the participation of the workers can be improved using the support coming from the
management team of the organization (Hallinger and Hammad 2019). Maintaining the size of
the business falls under the responsibility of the management team of the organization as
well. The management is also responsible for maintaining the ethos of the business. The
article also suggested that the role of the leaders is to set a long term goal for the employees
of the business, the leaders must be helping the employees who are struggling at workplaces
due to different reasons. The leaders must be creating an environment where staff from
different cultural backgrounds can work professionally.
Academic source
According to Thorpe (2016), most of the company policies are created by
organizational leaders. This academic source also helps in understanding that the increase and
the decrease of the productivity of the workers can be maintained by the organizational
leaders as well. The academic source helps in understanding that the organizational leaders
play a huge role in addressing the challenges faced by the workers when the business
environment goes through changes such as technological changes.
On the other hand, as elaborated by Gopee and Galloway (2017), the role of the
management team very much includes the creation of the business strategies, the data source
stated that organizational policies are also created with the help of the management team of
the organization. All the major operations of a business are always headed by the
management teams of a business as well.
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6CONTEMPORARY LEADERSHIP AND MANAGEMENT
Similarities and differences
Considering the roles and responsibilities of both organizational leaders and
management team of an organization, it can be said that the orientation of the organizational
leaders are stakeholder-oriented which means all the activities of the leaders are for the
growth and benefit of the human resources of the business (Diamond and Spillane 2016). On
the other hand, the orientation of the management team of a business is more of task-oriented,
they are more concerned about the services which are provided to the consumers of the
business.
The prime focus of the organizational leaders is to lead to human resources of the
business, and the main focus of the management team is managing the daily work procedures
of the business.
The organizational leaders looks out for solving the challenges faced by the human
resources, whereas the risk of the business is addressed by the management team (Hallinger
2018). Thus, it can be said that the organizational leaders are the risk takers of the business
whereas the management team is not in the favour of taking any kinds of risks. However,
there are few similarities in some of their approaches as well in terms of their role in decision
making. Facilitative decision-making approach is maintained by both the leaders as well as
the management team of a modem business.
Justified conclusion
Most of the modern commercial organizations of the world, have their own
organizational leaders as well as management team. Based on the above discussion, it can be
concluded that there are numerous differences among them as the leaders look forward to
maintaining the benefits of the human resources working in the business, where the
management squad looks forward to monitor the daily activities of all the resources of the
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7CONTEMPORARY LEADERSHIP AND MANAGEMENT
business. In most business organizations, collective effort from both the organizational
leaders and the management team is required to maintain the success of this business.
Organizational leaders are stakeholder-oriented whereas the management team is more of
task-oriented. Leading human resources is the prime focus of the organizational leaders and
the risks of the business are addressed by the management team of the business. There are
similarities in some of their decision making approaches as well, as both the leaders and the
management team uses the facilitative decision-making approach.
Section 2
Introduction of the three leaders
The three leaders who were chosen from the Fortune greatest leaders in the year 2019 for
this section of the assignment are as followings:
Margrethe Vestager: Born in the year 1968, Margrethe Vestager is one of the most
significant members of a social liberal party in Denmark. She is the former executive
vice president of the European Commission.
Greta Thunberg: Born in the year 2003, 17-year-old Greta Tintin Eleonora Ernman
Thunberg is a Swedish environmental activist who gained international recognition
for promoting her view on climate change.
Satya Nadella: Born in the year 1967, Satya Narayana Nadella is the CEO of
Microsoft Corporation. Most of the advanced platforms of Microsoft in recent times is
supervised by this organizational leader.
Leadership style followed by Margrethe Vestager
The leadership style followed by Margrethe Vestager is the democratic leadership
style (European Commission 2020).
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8CONTEMPORARY LEADERSHIP AND MANAGEMENT
Description of leadership style
There are advantages related to this leadership style, the style is very much useful to
maintain a connection between the stakeholders of a business, this leadership style is also
very much useful to practice the free flow of information (Vasilescu 2019). A trust and a
respectfulness environment can be easily created with the help of this leadership style as well.
Thus, a robust business environment can be successfully maintained with the help of a
democratic leader.
On the other hand, there are few drawbacks related to this style as well such as the
extra time required to make any major decisions (Nawaz and Khan 2016). This style can be
very vulnerable in crisis scenarios as well.
Leadership style followed by Greta Thunberg
The leadership style which is followed by the Swedish environmental activist, is the
transformational leadership style (BBC News 2020).
Description of leadership style
Creativity and innovation is promoted using this style, this style is very much useful
to improve the motivation of the employees of any workplace or an organizational setting
(Tirmizi, Williams and Tirmizi 2019). Turnover cost of a business can be reduced if this
leadership style is followed, the style is also responsible regarding the creation of a new
corporate vision for the business (AbRahman et al. 2018). All the changes in a business can
be administered in a systemized modus using this leadership style (Odumegwu 2019). The
communications issues of the business can be successfully resolved successfully by
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9CONTEMPORARY LEADERSHIP AND MANAGEMENT
transformational leaders as well (Idiegbeyan-Ose 2018). However, employee burn out is the
limitation of this leadership style as well.
Leadership style followed by Satya Nadella
The leadership style which is followed by this organizational leader is
transformational leadership (Evans 2020).
Description of leadership style
Global commercial business organizations are usually benefitted from a
transformational leader as this leadership style is very much useful to understand the
relationships of the stakeholders of this business, such as the employees working in the
supply chain (Banks et al. 2016). This leadership style is very much significant to maintain a
strong relationship among all the stakeholders. This style is very much significant to maintain
the moral values of the business, at the same time, it can also be said that the competency of
the workforces can be improved using this leadership style (İnce 2018). The need for constant
feedback is the only negative related to this leadership style.
Success criteria of their leadership style
The following of the democratic leadership style by Margrethe Vestager was has
helped her to become one of the most significant organizational leaders in the Danish society.
His followers increased when she started setting the strategic direction of her priority. Greta
Thunberg followed the transformational leadership as it helped her to maintain her fan
following which she enjoys at the age of 17 due to a climate strike movement. The
transformational leadership quality of Satya Nadella has helped him to one of the pioneers of
strategic communications across all the major cloud server providers.
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10CONTEMPORARY LEADERSHIP AND MANAGEMENT
Justification: The co-ordination activities of Margrethe Vestager was improved due
to the incorporation of this leadership style. The EU competition rules were strengthened due
to her leadership role and social responsibilities. Transformational leadership was very much
useful for Greta Thunberg as she won the hearts of the other European environmental
activists. This leadership style was very much useful for her as she had to go through lot of
criticism during the initial days of the campaign. The entire climate emergency campaign was
organized by her in a systemized modus using this leadership style. After this campaign was
over she became one of the internet sensations of in social media platforms like Twitter. Her
power and position improved drastically due to the campaign she conducted using
transformational leadership. The leadership style adopted by Satya Nadella has helped
Oracle to grow from 2012 to 2016, the enterprise cloud revenue has increased due to the
following of this leadership style as well.
Academic theories
According to Hoch et al. (2018), balance between the business foresight, performance
and the characteristics of business is maintained by the organizational leaders. The trait which
is required to be successful are great vision, courage and integrity. The academic source was
also very much useful to make its readers understand that the performance and the character
of the organizational leaders are very much required to maintain long term in the business,
Professional writings
Based on the discussion of this magazine, it can be said that there are lots of qualities
that make a leader successful such as having a sense of clarity and purpose (Underwood,
King and Setzer 2020). The external as well as the external facilitators gets hugely affected
by the roles and responsibility of the organizational leaders. This magazine was very much
informative as it helped in understanding the factors which makes organizational success in a
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11CONTEMPORARY LEADERSHIP AND MANAGEMENT
contemporary business environment such as understanding the true value of the business. The
thought process of a successful organization is very much different from the other employees
in the business.
Reason behind people following them
Millions of people all around the glove follow each of these three successful
organizational leaders as they believe that taking their approach can be beneficial for them as
well to become successful in their professional life (Buil, Martínez and Matute 2019).
Majority of the people who follow each of these three people believe that a well functioning
business environment can be created using the style of leadership maintained by them.
Compassion, stability and security of the employees working in a business can be improved
by having the same ideologies just like these three global leaders. Thus, it can be said most
people follow them and hope to be a global leader like them.
Justification: The internal rewards and recognition of Margrethe Vestager have
helped her to become the Minister for Economic and internal affairs from 2011 to 2014
(Nytimes.com 2020). She became an essential member of the European Commission in 2014
until 2019. In the year 2019, Greta Thunberg won the person of the year in an award
ceremony which is conducted by Time Magazine. At the same time, she also won the
glamour award for the revolutionary achievements as well and she became an instant internet
sensation (Washingtontimes.com 2020). The technical and leadership abilities of Satya
Nadella was very much useful for the research operations, which was conducted in the
Microsoft research laboratories until 2011. The total estimated net worth of this belonging is
around USD $800M (Stories 2020). Most people follow them and want to follow their career
paths.
Academic theories
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