Evaluating Strategic Leadership and Change in Barclays Bank: A Report

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Added on  2023/01/12

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This report analyzes strategic leadership and change management within Barclays Bank. It explores the application of leadership theories, including Lewin's change model and situational leadership, in the context of organizational change. The report examines the importance of effective communication, employee motivation, and corporate governance in managing change. It also discusses various leadership styles, such as the coaching style, and their role in overcoming challenges. The case study highlights how leaders and managers influence change within the wider commercial environment, considering factors like corporate governance and policy practices. The conclusion emphasizes the critical relationship between leadership and decision-making during periods of organizational transformation, drawing upon the case study of Barclays Bank.
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INTRODUCTION
The strategic leadership refers to the manager's potential to the
express a strategic vision for the company or the part of the
organization,
and to motivate and persuade others to acquire that vision.
This report will take Barclays bank for the case study ,
it is a multinational investment bank and provide financial
services to the people they provide services like wealth management,
corporate banking , investment banking.
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Evaluate and practical approaches to the
strategic leadership In the change
management
Change is important for the Barclays bank because it helps to bring innovation at their workplace,
but change can be negative for the employees because it can demotivate them.
Changes are not gona accept in organization, as employees feel uncomfortable hence they donot support their leaders in implementing changes so easily.
Lewin’s change model states that there are three main stages of implementing modification at workplace.
Unfreezing: This is the phase in which leader knows that people will feel unrest hence leaders of firm create healthy workplace culture and strong bonding is
built up with employees. First step is really hard to manage, strong motivation is required to workers so that they support firm and changes are implemented in
business carefully (Mui, Basit and Hassan, 2018).
Change: This is next phase that states that employees’ quarries are being resolved by leader. Leader of company interact with each person personally so that
they do not feel uncomfortable . Leader describes benefit of changes to all staff members so that they work better and support the leader.
Refreeze: this is last phase in which leader identify issues and find out best solution to resolve barriers and handle issues. Proper training is given by leaders to
employees so that productivity of people gets raised in changed situation (Hubball, Clarke and Pearson, 2017).
If leaders are not there they company will not be able to handle issues and disagreement of employees. In such condition they will fail to implement
modifications in business effectively hence it may find issue in gaining competitive advantage (Dahri, Amin and Waseem, 2019).
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To be continue.........
Situational leadership
In this leadership, leaders of the company change the leadership
types according to the situation in the workplace (Lynch And et.al.,
2018) ,
it is important for the leaders to have high skills and knowledge in
themselves.
Coach type leadership-
coach style leadership is one of the best leadership style in which
leaders of the company behave like coach with the employees and
leaded them to the golas and objectives of the company (Jooste and
Kubayi., 2018).
This all leadership styles will help leaders of the Barclays bank to
overcome prove the negative impact of change at their workplace.
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Role of leadership in change in the
wider commercial environment
Leaders and managers have important role at the workplace
during the change at the workplace, When change occur at the
workplace then employees can be demotivated.
Leaders role is top communicate with the employees and
motivate them with their effective communication skills and
convince to give their support and tell them why change in the
Barclays Bank is needed and how it will improve
organizational operations.
This will motivate them and employees will corporate
them. If leaders do not support employees or if they do
not motivate people then employee’s resistance may
affect success and productivity of bank badly.
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To be continue.........
Corporate governance and polices practices at the
organization bring change at the workplace because
Barclays have to follow all the rules and policy which is
made by their government.
They are controlled by the government, so they have ton
follow all the polices and leaders of the company have to
make understand all this polices to the employees who are
working in the Barclays bank, so they work legally in the
Bank.
Leaders have good impact on the company and it is
important for the company.
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Conclusion
As per the report has been take Barclays Bank for this case study, it has
been concluded leadership theories during the change Can be adopted by
the leaders of the company.
This report has been analysis the role of leaders and manager during the
change in company.
In the end of this report has been critically explores relationship between
leadership and terms in relation to the decision making.
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REFERENCES
Parés, M., Ospina, S. M. and Subirats, J. eds., 2017. Social innovation and democratic leadership: communities and social change from
below. Edward Elgar Publishing.
Lynch, B. M. And et.al., 2018. The development of the Person‐Centred Situational Leadership Framework: Revealing the being of
person‐centredness in nursing homes. Journal of clinical nursing.27(1-2). pp.427-440.
Jooste, J. and Kubayi, A. N., 2018. Perceived coach leadership style and psychological well-being among South African national male
wheelchair basketball players. Disability and health journal.11(4). pp.655-659.
Cameron, E. and Green, M., 2019. Making sense of change management: A complete guide to the models, tools and techniques of
organizational change. Kogan Page Publishers.
Díaz, B. D., Ramos, R. G. and Díez, E. B., 2017. Corporate Governance in Europe: Has the Crisis Affected Corporate Governance
Policies?. In Responsible Corporate Governance(pp. 73-96). Springer, Cham.
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