Report on Leadership, Governance, and Innovation at Fisher & Paykel

This report provides an analysis of leadership and governance within Fisher and Paykel, a leading appliance manufacturing company in New Zealand. It examines the impact of various leadership principles, such as transformational leadership, legitimate power, team roles, and inspirational motivation, on the company's performance. The report also discusses the significance of entrepreneurial thinking, creativity, knowledge management, and innovation in driving the company's success and competitiveness in the global market. Furthermore, it touches on the importance of organizational culture and climate, as well as conflict management, in fostering a healthy and productive work environment. The analysis highlights how effective leadership practices contribute to the company's productivity, innovation, and overall strategic goals, while also addressing challenges posed by market competition and the need for continuous improvement.

RUNNING HEAD: Leadership and Governance 0
fisher and paykel
Leadership and Governance
(Student Name)
12/16/2018

Leadership and Governance 1
Abstract
The leadership has an effective role in the organization. It is an art of motivating the
employees in an organization to achieve common goal. Most of the companies adopted the
concept of leadership in their workplace for effective performance. Fisher and Paykel is one
of the leading companies in New Zealand in the manufacturing appliances industry. The
company has also an effective leadership tools in their organization to lead in a global
market. The company has extended their roots in 80 countries that increase their market share
at the global level. The leadership has also contributed in the success of the business. The
leadership has greatly affected the productivity of the company. Moreover, the innovation
and knowledge development also play a key role in the development of the company which
increase their efficiency and make the company more competitive in the market in an
effective manner.

Leadership and Governance 2
Table of Contents
Abstract......................................................................................................................................1
Introduction................................................................................................................................3
About Fisher and Paykel............................................................................................................3
Impact of leadership...................................................................................................................3
Role of Entrepreneurial thinking and creativity.........................................................................5
Role of Knowledge management and innovation......................................................................6
Recommendation........................................................................................................................7
Conclusion..................................................................................................................................7
References..................................................................................................................................9

Leadership and Governance 3
Introduction
Leadership play a prominent responsibility in the achievement of the association. It is
an art of motivating people to act in a particular way towards the achievement of a common
goal. Leadership is one the effective tool to motivate the employees of the company
(Northouse, 2016). They guide the employees in an effective way that affects the productivity
of the company at a greater level (Barnwell et al., 2018). One of the leading companies Fisher
and Paykel have also adopted the leadership style n their company which helps them to
compete in the competitive market.
In the following context, there will be a detailed analysis of the company and the level
of impact of leadership on the company and the way to enhance the company in an effective
manner.
About Fisher and Paykel
Fisher and Paykel is a leading company located in Auckland, New Zealand based
appliance manufacturing company. It is mainly popular for their innovative, usable, and
durable appliance. The company delivers a assortment range of product such as ovens,
refrigerator, washing machine, dishwashers, dryers, electronic cooktops, and gas and so on.
The company has expanded their market share in more than eighty countries around the
world. The company is concentrating on acquiring and forming the partnership with other
cookware and appliance manufacturing companies in order to increase their capacity of
production facilities to availing synergy benefits. The company has already spread their roots
in many countries. It creates an opportunity for the company to target maximum consumer.
The company would able to get a new platform to maximize their sale which is one of the
biggest opportunities of the company. But at the same instance, competition in the market

Leadership and Governance 4
also increase which is the biggest challenge for Fisher and Paykel. The recent acquisitions of
Whirlpool affect Fisher and Paykel at a greater level. Whirlpools will reclaim the top
manufacturer spot as well as will also have expanded the geographical coverage which is one
of the biggest challenges the company would face (Fisher and Paykel, 2018).
Impact of leadership
The leadership style and pattern has greatly affected the performance of the company.
The company would able to perform in an effective manner through effective leadership style
in an organization. There are certain principles and theories through which it can be
understood in an effective manner. The following principles are explained in below points:
Transformation of leadership
It is a leadership technique which impacts the alter in an individual and societal
systems. It is a high level of leadership performance in which the leader of the organization
broader the thought of the employees towards the company by generating awareness as well
as reception of the purposes with the assignment of the crowd (Lussier & Achua, 2016).
The leader motivates the workers to gaze away from their own self-interest for the
good of the cluster. The transformation of leadership helps Fisher and Paykel in achieving an
ample stage of managerial capabilities and help in improving the same.
It shares vision, proactivity, and environment as well as it helps the association to
become extra pioneering and give confidence in knowledge (Dubrin, 2016)
Legitimate Power

Leadership and Governance 5
It is a power which is derived a formal position or office that held in the hierarchy of
authority in an organization. The power that any employees have due to his or her position, as
well as hierarchy, is mainly known as a legitimate power.
Legitimate power helps Fisher and Paykel to maintain and encourage cooperation in
an organization (Nelson, 2014). The legitimate power has a positive impact on cooperative
behavior as well as builds power and trust within the workplace. It affected the productivity
of the company at a greater level, as the manager of the company was able to allocate the task
to their subordinate due to legitimate which helps in distribution of task in an effective
manner.
It helps in maintaining the discipline in the workplace that manages the decorum in
the organization in an effective manner (Goncalves, 2013).
Team Roles
The teamwork is an essential feature is a smooth functioning of an organization. The
organizational activities of the company become more difficult due to the development of
technology there teamwork play an essential role in an organization.
The effective role of the team affects the relationship among the employees of the
company. Fisher and Paykel have experienced a number of benefits which result from the
victorious use of sourcing teamwork. The company would able to face any hurdles due to the
teamwork ((Lussier & Achua, 2016). The role of the team affects the performance of the
company at a greater level by enhancing the productivity of the company. The team
performance of Fish and Paykel are strong which make them more successful in an
organization.

Leadership and Governance 6
A different team has been distributed in an organization according to different work
which makes the performance much better as well as help in maintaining the coordination
among them (Warrick, 2014).
Inspirational Motivation
It is a common word in the business. The inspirational motivation is the process in
which the physical and psychological need of the individual gets satisfies by doing particular
work. The motivation affects the behavior of the employees at a great level. If the company
need to achieve success in the organization, they need to motivate the employees in an
effective manner.
The behavior of employees depends on the environment in which they reside. The
employees of Fisher and Paykel are highly motivated that help the company to expand the
business in other countries as well as.
The highly motivated employees make a healthy environment in the workplace which
makes the company as well as employees to work more efficiently and effectively (Wilson,
2013)
Organizational Culture vs Organizational Climate
Corporate culture is the circumstances in which the work is done in a company. It is a
fundamental assumption that people share about values, belief, symbol, norms, myths,
language rituals in an organization. It can be described as a manner things are done in a
company. The employees of Fisher and Paykel has affected by the organizational culture. It
influences the decision making of the employees in an effective manner (Madu, 2018).

Leadership and Governance 7
Organizational Climate also affected the performance of the company at a greater
level. It increases the job satisfaction among employees due to the reason the employees of
the company have more freedom in an organization to determine their efforts as well as work
schedule (Schein, 2004).
Managing conflicts
Most of the organization is facing the issue of conflict in an organization which
greatly affect the performance of the company at a greater level. Management of conflict by
the company plays a prominent role in the workplace.
The management of fisher and Paykel manage the conflict in an organization in an
effective way which helps in making a healthy environment in an organization. The people of
the company are more satisfied that increase the retention ratio within the company. The
organization would able to more concentrate on their target that helps in setting the vision for
the company.
The management of conflict in an effective manner also inspires the creativity and
innovation in an organization as the employees would able to concentrate on their
performance rather than on unnecessary conflicts (Robson, 2015).
Therefore, the leadership has great impact on the productivity of the company. The
leader support, motivate, allocate the task with managing the conflict in an effective manner.
The company has also experienced the same, as it has a positive as well as unconstructive
collision on the routine of the company in an effective manner.

Leadership and Governance 8
Role of Entrepreneurial thinking and creativity
The leadership has a concept of organizing the activities of the company in effective
manner that would help the company to attain targeted goal.
Free enterprise is not anything it is the way of thoughts, acting, and reasoning which
is greatly prejudiced by the opportunities, balanced management for the formation of values
and holistic technique. The entrepreneurial management is the main emphasis on the collision
of the idea, align them, verdict the right opportunity, and implement them by marshaling their
wealth.
The company can develop a new idea in their organization to give new life to the
company. The novelty can be achieved purposefully from side to side the process of
originality. This thinking would able to give an original thought in a company as well as will
help in developing the platform or breakthrough innovations. The innovation in technology
would help the company to achieve in a competitive market. It is tremendously significant for
the company as it helps in supporting the industrial revolution. The novelty comes in every
phase it begins with the creation as well as outsourcing or addition. It is vital to produce
unremitting knowledge as well as give confidence in modernism within an association
particularly a technology-oriented association. Fisher and Paykel is one of the technology-
oriented organizations and always come with the innovative idea but still, they lack in certain
points which need to cope up in a limited period of time. The continuous learning and
innovation in an organization will guide to vitality in an association as well as keep away
from stagnation of any sort. Most of the individuals have entrepreneurial thinking and
creativity which can be used by the company in an effective manner. There are various
sources through which the company can use their thinking and creativity in an organization.

Leadership and Governance 9
The best source is an innovation of the new product. It would help the company to survive in
the market with innovating ideas and trends (Hughes, Ginnett & Curphy, 2014)
Knowledge management is also a way to use entrepreneurial thinking and creativity.
The attainment of information covers both inner and outer surroundings scanning. The
information was recognized as chance after penetrating, filter, and evaluate its probable in
long term. In addition to, the corporation also maintained a record of the facts which are
generated within the workplace. Such maintenance would help the company in retrieved and
reviewed at any point in time when needed. For developing the new product in the market,
the company can interview with a couple of leaders to recognize the significant basics of
innovative manufactured goods growth, after which the managers can able to gather adequate
information on how the original manufactured goods expansion can be completed in such
corporation (Chua & Lam, 2005)
The industrialists assess the needs of how to carry out a plan by analyzing accessible
and requisite funds. It bridges the gap between original mastermind and a conventional
technique. There are certain creativity processes that can be used by the company to
introduce innovation in the company such as:
 Preparation: in the first stage the company needs to prepare a few essential ideas to
grasp onto. There has to be some motivation that pushes the industrialist to go self-
assured. The original development starts with knowing a trouble and then research for
connected information.
 Thinking outside the box: it is the expression which is mostly used by the company
since the 1970s. The company needs to think outside their level which will bring more
opportunity for them in the competitive market.

Leadership and Governance 10
 Creative is not a magic: creativity is a simple concept of approaching the things and
situation with dissimilar viewpoint. The simple move towards to original thoughts can
be plagiarism diverse basics, transform them, combine them that create innovate idea.
 Illumination: it is the stage of solution finding in which the entrepreneurial
originality course lead to the information of a number of the sensible facts that can be
place to the occupation.
 Critical thinking: it is the process in which the capitalist endeavors slander in
significantly examines the feasibility of a plan. It is the process of evaluating the ideas
in an effective manner.
Therefore, from the above following process, the company would able to find some
opportunities to extend their business in an effective manner which is an important aspect for
the company. Through this process, the company would able to use the entrepreneurial
thinking and creativity in their business in an effective manner (Howell and Costley, 2006).
Role of Knowledge management and innovation
Leadership in organziation play a vital role for the employees. The employees will
able to guided by their leader in an effective manner that affected the productivity of the
company in positive manner.
Knowledge management is the process in which the company would able to take
effective decision according to the situation happen in the workplace. It supports technology
to work better. There is a different type of information supervision such as explicit
information and tacit facts.
Fresher and Paykel have a tendency to combine this two knowledge management
mutually to boost the competition in which they permit their workers to work jointly with

Leadership and Governance 11
workers from different company as well as they regularly contribution and exchanging the
information of collection members in order to increase the competence of work (Ward,
2007)The information administration has a solution to solve the insist for promoting replace,
sharing as well as inventive activities in the cluster of the staff in an effective manner. It
greatly affected the performance of the company in an effective manner. Knowledge
management helps the organization as well as their managers in gaining the competitive
advantage by proper understating as use of intellectual assent that created by the employees
as well as their consumers. The knowledge management plays a very important position in
the usefulness of the company as they help in improving the quality for their product as well
as the company is able to introduce more innovative products and services that would help
the company in satisfying the demand of their consumers in an effective manner (DuBrin,
2016).
Other than that, the innovation also plays a prominent role in the process of enhancing
the productivity of the company with their effectiveness. Fisher and Paykel knew as well a
popular for their innovative products such as ovens, refrigerator, washing machine,
dishwashers, dryers, electronic cooktops, and gas and so on that help the company to compete
in the competitive market. The company is still working on research and development to
come with an innovative product in the market that made their identity unique in the market.
It helps the firm to form upon their proficiencies as well as develop and gain a favorable
background in the workplace for development. The innovation helps the company in taking
the advantage of the information they have and would able to opt for other new product for
development. The main step of innovation covers the jamboree of material that covers
collection of data as well as information management. The innovative product of the
company helps in creating entry barriers for new companies or firms in the industry which
reduce the threat of new entrants. The innovation creates commercially viable innovation that