Leadership Style and Strategic Implementation in ABC Company Report

This report examines the relationship between leadership styles and their impact on strategic implementation within the ABC Company. It begins with an introduction to the company and the finance sector in Sri Lanka, followed by a literature review defining leadership, its importance, and organizational structure. The report explores transformational and democratic leadership styles. Strategic formulation is discussed, including the importance of strategic management and a PESTEL analysis. The core of the report analyzes the relationship between leadership and strategic management within ABC Company, supported by a SWOT analysis. Recommendations are provided, along with a self-reflection. The report emphasizes the significance of leadership in driving strategic plans, adapting to change, and fostering a culture of sustainability within the organization. It highlights the use of transformational and democratic leadership approaches to achieve the company's goals.

The relationship between leadership style and its effect on strategic
implementation in ABC Company.
ESOFT METRO CAMPUS-KANDY
MASTER OF BUSINESS ADMINISTRATION
MODULE NAME
LEADERSHIP AND STRATEGIC MANAGEMENT - MN7185
LECTURER’S NAME
MR. NILUKA AMARASINGHE
BY
XXXXXXXXXXXXXXXXXXXX
REGISTRATION NO.
XXXXXXXXXXX

Acknowledgement
I'd want to show my appreciation to everyone who helped me finish the essay. Mr.
NilukaAmarasinghe, our lecturer, deserves special thanks for his stimulating comments and
encouragement, as well as his accurate teaching techniques. In addition, I'd want to express my
gratitude to my wife for her unwavering drive and support in helping me achieve the assignment.
I'd also want to express my thanks to the ABC corporate team for giving the necessary
organizational information and offering insight into various areas during our inquiry.
A
i

Table of Contents
Acknowledgement.......................................................................................................................................i
List of figures.............................................................................................................................................ii
1.0 Introduction.........................................................................................................................................1
1.1 ABC Company Group.....................................................................................................................1
1.2 The Industry - Finance Sector in Sri Lanka..................................................................................1
2.0 Literature review.................................................................................................................................4
2.1 What is leadership?.........................................................................................................................4
2.2 Importance of Leadership...............................................................................................................4
2.3 Organizational structure at ABC Company..................................................................................5
.................................................................................................................................................................6
2.3.1 The process of leadership at the ABC Company....................................................................6
2.4 Leadership styles..............................................................................................................................7
2.4.1 Transformational leadership style...........................................................................................7
2.4.2 Democratic Leadership style....................................................................................................8
2.5 What is strategic management?......................................................................................................9
3.0 Strategic Formulation.......................................................................................................................10
3.1 Importance of strategic management...........................................................................................10
3.2 PESTEL Analysis..........................................................................................................................10
4.0 Relationship between leadership & strategic management............................................................13
5.0 Analysis..............................................................................................................................................15
6.0 Recommendation...............................................................................................................................17
7.0 Self-Reflection....................................................................................................................................19
References................................................................................................................................................21

List of figures
Figure 1: Organizational structure...............................................................................................................5

List of Tables
Table 1: SWOT Analyses..........................................................................................................................12
Table 2: Recommendations.......................................................................................................................18

1.0Introduction
1.1 ABC Company Group
The ABC Group is involved in leisure, plantations, renewable energy, construction and real
estate, manufacturing and trading, technology, research and innovation, and other strategic
investments. It is also known as Sri Lanka's most profitable corporate entity, the largest non-
banking financial institution, and one of the most strategically diversified conglomerates. The
ABC Group has been a catalyst in supporting financial inclusion in Sri Lanka's MSME sector,
while also trying to maximize environmental benefits through green operations and procedures in
accordance with its triple bottom line philosophy. The Group has received considerable support
from Development Finance Institutions and multilateral financing lines over the years,
demonstrating the trust that these global institutions have in the Group's long-term activities. The
Group's culture of sustainability is expressed in its transparent, fair, equitable, and helpful goods
and services, which are improving the lives and livelihoods of thousands of people throughout
the world and providing them, hope for a better tomorrow. After dominating the domestic
market, the ABC Group is now expanding its reach internationally. With ambitions to replicate
its success in other countries, the ABC Group has already established itself as the world's largest
multi-currency, multi-geography microfinance platform, with NBFIs in eight countries and
advanced technology platforms developed by its Sri Lankan operations and adopted by its
overseas companies.
The ABC Group has operations in Myanmar, Indonesia, the Philippines, Cambodia, Pakistan,
Tajikistan, Egypt, Nigeria, Zambia, Malawi, Tanzania, Kenya, the Maldives, Sierra Leone,
Mauritius, Zimbabwe, Singapore, and the United Arab Emirates, with strategic plans to expand
across the African continent and Central Asia.
1.2 The Industry - Finance Sector in Sri Lanka
In comparison to many other nations, Sri Lanka's financial industry has progressed to its current
state in a variety of sectors. Improvements in the quality of financial products and innovations,
efficiency in financial institution services, and application of technology, all of which were aided

by proactive and timely interventions by the Central Bank and more liberalized exit/entry
permissions for financial institutions, have all contributed to the current state of the Sri Lankan
financial system. Based on Sri Lanka's past performance, this article aims to examine
competition and related financial sector trends. Despite the fact that the financial sector is made
up of numerous organizations, only the commercial banking sector is examined in this study,
which is divided into two groups: state banks and other banks. The Bank of Ceylon and the
People's Bank, both of which have been around for over 50 years, are considered state banks.
Other banks include both domestic and international commercial banks. The study's time frame
was set between 1960 and 2010, based on data availability. Economic growth might be
accelerated if favorable changes in the banking sector occur.
Many different types of financial institutions are now operating in Sri Lanka, with the Central
Bank of Sri Lanka (CBSL) serving as the apex institution in the financial sector. Prior to the
1960s, several of these financial institutions did not exist in Sri Lanka. Following the
introduction of liberalization measures in 1977, the economy became more open, allowing a
larger range of financial institutions to operate in the nation with a more open exit/entry policy.
During the 1970s, Mckinnon (1973) and Shaw (1973) promoted financial deregulation for
economic growth. Prior to liberalization, only a few types of financial institutions existed in Sri
Lanka's financial system. Licensed Commercial Banks, Licensed Specialised Banks, Registered
Finance Companies, Primary Dealers, Leasing Establishments, Merchant Banks, Savings and
Loan Associations, Venture Capitals, Unit Trusts, Contractual Serving Institutions such as
Employees Provident/Trust Funds, and Insurance Companies make up the financial sector at the
moment. These institutions help to create a competitive financial market in the country by
offering a wide range of local and international financial services that are not currently available
in many other nations. However, distinguishing between growth in services and goods due to
competition and growth owing to other factors is challenging.
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2.0 Literature review
2.1 What is leadership?
Leadership is the process through which leaders influence themselves in order to achieve the
company's goals while also adapting to change (Burns, 1978). Individuals benefit most from
leaders since they help them develop their own competence and viewpoint, as well as grow and
become better supporters (Tucker & Russell, 2004). According to Cohen (1990), leadership is
defined as the skill of motivating people to work at their best in order to attain any goal or aim.
Similarly, Jacobs Jacques (1990) described leadership as the process of giving a clear direction
to a group of people who are working together to achieve a common objective. Leadership has
an influence on relationships between leaders and followers who plan actual changes and
outcomes based on their common goals (Keskes, 2014). Leading, motivating, and encouraging
people is what leadership entails.
2.2 Importance of Leadership
In order to achieve the objectives that come from the vision, purpose, and reasons created by the
organization's leaders, leadership in management or administration is a critical component.
Because leadership plays a crucial role in strategic business planning, leadership is important in a
company. Leadership is essential for a company's growth to be adequate and productive (Bass
&Riggio, 2006). The significance of leadership is discussed further down:
 Individual conduct can be influenced by leadership.
With his or her capacity to lead, the administrator has an influence on his or her coworkers. He
has the ability to influence the personnel under his supervision in such a way that they will
perform at their best in order to achieve the organization's goals. As a result, a competent leader
is more likely to get good outcomes from their workforce.
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 Assists followers in meeting their needs:
A leader builds a solid relationship with his or her subordinates and works to meet their needs. A
group of individuals follows a certain person because they require supervision and security in
order to execute a task. They also need opportunities and the capacity to work. Workforce
prefers to embrace and favor the leader as someone who will monitor and be responsible for
these needs of the employees.
 Assists in the implementation of essential adjustments.
Because the corporate environment is rapidly changing, individuals must be under the authority
of a leader, who then tends to create the atmosphere and make workers adopt the changes with a
strong leadership potentiality.
 Assists in the resolution of conflicts
He can settle any form of issue that arises in the organization under the influence of the leader. A
leader must possess the qualities that allow his followers to prioritize the expression of their
thoughts and opinions. By gaining a better grasp of the conflict's atmosphere, a leader can strive
to give solutions while lowering the likelihood of unfavorable outcomes.
 Assists subordinates in their training and development
A leader makes a significant contribution to the education and development of his followers. He
introduces them to new work approaches and assists them in becoming outstanding leaders.
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2.3 Organizational structure at ABC Company
Figure 1: Organizational structure
Source: ABC Annual Report 2022
According to the structure shown in Figure 1, both the Director Operations and Divisional Head
perform their duties under the supervision of ABC. Without effective top-level leadership, the
strategic plan will fail, and subordinates will be less motivated and dedicated to resolving the
problem if they are not backed by vital leadership.
2.3.1 The process of leadership at the ABC Company
The fundamental issue for today's ABC Company administrators is to bring together ideas,
innovation, and diverse individuals with various perspectives in an organization where their
primary purpose is to achieve or realize the organization's goal. Because the corporation is such a
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large and complicated structural structure, leadership is essential (Arthur, et al., 2011). The
development of a company's leadership process is not a quick fix, but rather a process that is
meant to be long-term, robust, and suited to the company's structure. In order to standardize a
program at ABC Company, the administration must first determine the impact it will have on
employees and distribution channel personnel. Then concentrate on the program's objectives and
build skills, before advising management on the necessary changes (Burns, 1978). The strategic
plan is established, analyzed, and followed continually until the objectives are met, according to
the program with effective leadership. To carry out the strategy plan, the organizational
leadership must be productive and sufficient. The rapid pace of change and the ongoing demands
of stakeholders encourage leaders to push forward and offer the fortitude needed to be effective
leaders.
2.4 Leadership styles
The ABC Company has employed transformational leadership and democratic leadership
approaches during the last few years to get to where they are now. Below is a detailed
description of each leadership style.
2.4.1 Transformational leadership style
Leadership is a topic that has intrigued scholars for decades and is still a significant aspect of
community science research. Along with the evolution of the field, the relevance and
conceptualizations of leadership have been formed. Although traditional leadership research
focused on generals, politicians, and powerful men, current leadership research has looked at the
impact of leadership on the lives of a wide range of people, including managers, nurses, coaches,
parents, and teachers (Tahseen, 2010). This exemplifies the capability of presenting a guiding
model. Even though it has attracted a variety of opinions, leadership is viewed as a worldwide
phenomena in humans (Bass &Stogdill, 1990). "There are virtually as many definitions of
leadership as there are people who have sought to define the idea," it has been observed
(Stogdill, 1974). The goal of primary trait theories of leadership was to identify the common
characteristics that separated leaders from non-leaders. However, it overlooked the importance of
situational and contextual factors. Situational contingency arose as a response to the
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shortcomings of trait theory and behavioral approaches to leadership, as well as the recognition
of different leadership styles (Bass &Riggio, 2006). This resulted in a shift in focus from "what"
a leader is (e.g., describing characteristics) to "how" leaders lead (i.e. behavior). A behavioral
paradigm of leadership, such as transformational leadership theory, is an example. Over the last
three decades, transformational leadership has been a prominent idea in the study of leadership.
Hunt (1999) compares Reichers and Scheider's (1990) work to the development of
transformative leadership. It is about the stages of theoretical growth, noting that the idea had
progressed from the first stage (introduction/elaboration) to the second stage
(evaluation/augmentation) during that period. As a result, Antonakis, Avolio, and
Sivasubramaniam (2003) suggested that the theory spanned the second and third phases. On the
other side, antecedents, results, underlying processes, and moderating circumstances were
identified, and objective assessments of the topic began to emerge. It should be built on a
specific premise that, at the time of writing, transformational leadership is firmly embedded in
the third phase of expansion. There are several reviews on the issue, including a number of meta-
analyses and current studies that investigate the processes, as well as other factors that influence
the outcomes, such as the setting and personality (Keskes, 2014).
2.4.2 Democratic Leadership style
It is defined as a leadership style in which the leader collaborates with the entities being led. A
democratic leader is not only a person who issues commands to subordinates, but is also a
member of the organization (Lewin, Lippitt, & White, 1939). This type of leader, on the other
hand, takes part in decision-making. The democratic leader allows group members to participate
in the decision-making process in order to include everyone in an effort to raise the standards of
peace, freedom, and diversity (Burns, 1978).
Individuals are encouraged to develop their ideas and are rewarded when a democratic leadership
style is used. When this occurs, team members appear to communicate their views about duties
and possible solutions to difficulties, resulting in increased productivity. As a result, individuals
may feel that their thoughts are valued, and their participation has an impact on the mission's
success. Furthermore, a democratic leadership style aids in the reduction of stress among groups
of instructors, especially among males (Tahseen, 2010).
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There are several plausible factors for why leaders would choose a democratic leadership style.
According to Woods (2005), there are five objectives that leaders should aim towards when
choosing a democratic leadership style:
To create an environment in which people are encouraged and reinforced to seek the truth about
the world, including the highest morals (ethical rationality); are trained in this ethical rationality
and seek methods of intervening alteration through discussion (discursive rationality); become
active participants in the formation of the institutions, values, and interactions in which they live
(decisional rationality); and are authorized and allowed through official, traditional, and
community co-operation (social justice).
2.5 What is strategic management?
Strategic management is generally a topic that has been around for a while. This word first
appeared in 1970. Strategic management is defined as a process in which an organization's
executives anticipate its future goals and improve the necessary processes and applications to
achieve them (Rowe, et al., 1994).
It entails an organization's analysis, outcomes, and practices in order to generate and sustain
competitive advantages. This definition has two elements that are associated with strategic
management. At first, strategic management produces three continuous procedures: analysis,
decision-making, and action to be taken. However, strategic management is also described as
being involved in the rationale of strategic objectives such as vision, purpose, and objectives, as
well as the organization's internal and external environmental analysis (Pearce & Robinson,
2011).
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3.0 Strategic Formulation
3.1 Importance of strategic management
The strategic management plan aids the organization's growth and goals by recognizing
opportunities and dangers in a SWOT analysis based on internal evaluations such as salary and
financial circumstances, as well as external evaluations such as the PESTEL study..
A strategy for future possibilities and hazards is included in strategic management at the outset.
As a result, the business must review and manage its employees in order to meet its objectives.
Strategic management ensures that the organization's goals and concerns are adequately defined,
that evaluations are properly conducted, that the internal environment is set up to fulfill the
goals, and that the organization is adaptive to external changes. Furthermore, strategic
management focuses on lowering costs, increasing employee engagement and happiness, turning
risks into opportunities, and improving overall performance (Capon, 2008).
3.2 PESTEL Analysis
Political
Each business operates in a separate political and cultural setting. ABC Company has a unique
culture in which employees and executives respect the CEO's authority. Government laws
affecting businesses have a direct influence on the field work to be done. Government circulars
to the firm with policy changes must be incorporated into Medical Marketing's strategic
implementation. It requires a lot of effort on the part of the ABC Company's leadership to
establish or adjust policies in accordance with government regulations.
Economical
The ABC Firm is Sri Lanka's largest finance company. The most difficult task is to bring pay
levels in line with those in the government sector. Furthermore, macroeconomic factors such as
government taxes and levies, increments, and other revenues like as overtime, bonuses, and
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incentives have a significant influence. Under current economic conditions, ABC Company must
motivate and guide its employees to achieve their goals.
Social
The ABC Company's social component is developed in collaboration with marketing personnel
and other stakeholders who contribute to the company's socioeconomic environment. All of these
social groupings are interrelated and work together to secure the ABC Company's survival.
Despite the fact that the subjects are comparable, there is a cultural difference between the two
agencies. These cultural variations have a distinct influence on the people who are responsible
for reaching and maintaining organizational goals.
Technological
Modern equipment and software are equipped with cutting-edge technology, and ABC Company
is responsible for ensuring that all of the branches are up to date and providing the best possible
service to their employees. ABC Company is also in charge of implementing new technical
infrastructures for both new recruits and current employees.
Environmental
Due to the need to be as hygienic as possible due to working with a variety of customers, ABC
Company is responsible for keeping the environment clean, and the staff and employees should
be informed on how to keep ABC Company clean in order to avoid bacterial infections and other
diseases. There are also a number of activities related to cadaver dissections that require hygiene,
and ABC Company is responsible for not exposing.
Legal
Government legislation is provided to ABC Company via the Central Bank of Sri Lanka, and it
is his obligation to ensure that the employees follow the protocols. In addition, the ABC
Company office must ensure that all legal processes and regulations for handling financial
transactions are followed.
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3.4 SWOT Analysis
Strengths
ABC Company is rapidly changing.
Employees are the company's most
important asset.
Employees are quick learners who are eager
to learn more about technology.
The company has expanded its presence to
almost all of Sri Lanka's rural districts.
The company's product portfolio has been
expanded.
The organization has been able to give
quick access to a wide range of clients
thanks to the network.
Weaknesses
The current IT system is incapable of
meeting the IT needs of a rapidly expanding
financial institution.
The expense of a new, integrated system
will be a significant drain on the company's
profits.
Such a growth would necessitate financial
resources.
Furthermore, given the current state of
inflation in Sri Lanka, it is certain that
individuals will avoid making larger
purchases in ABC Finance in the near
future, preferring to focus on increasing
productivity and maybe agriculture.
Opportunities
The service that is provided by
technological innovation has its own distinct
personality.
able to provide a high level of financial
value
Productivity increase is strong.
Access to international markets is possible.
Threats
Many of the above-mentioned tasks are
supported by a modest IT infrastructure in
most finance firms.
Sri Lanka has a large number of businesses,
hence competition is fierce.
Table 1: SWOT Analyses
Source: Author Developed
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4.0 Relationship between leadership & strategic management
The relationship between strategic management and their aim is characterized as leadership. It is
because of the leadership that the organization's duties and objectives are received. Management
is concerned with individuals and their assessment as a result of established norms and
objectives, whereas leadership is concerned with the creation of a route and the direction of a
group of people. Excellent leadership and product management are regarded as the primary
success factors in every form of business, and they go hand in hand: good leadership can satisfy
for a short time without management, while product management is incomplete without good
leadership.
It is feasible to build a pathway and assign the appropriate evaluation when leadership and
strategic management are integrated. Furthermore, this combination will assist any business in
achieving its goals and objectives in the manner in which they were originally and strategically
designed (Wheelen& Hunger, 2008). When a company fails to make a proper decision, the
strategic plan tends to break apart, and the planned organizational goals are not achieved. As a
result, the strategic management plan must be established in a way that works with the leadership
to ensure the organization's success. As a result, it has been determined that leadership is a
critical component of strategic management, as it has a greater impact on the decisions that must
be made in order for the organization to succeed.
Strategic management necessitates a significant amount of review and draws in long-term,
future-oriented, ideal decision making. As a result, having top-management influence is a vital
aspect (Pearce & Robinson, 2011). Poor strategic execution, according to Wheelen and Hunger
(2008), has resulted in many strategic breakdowns, with the major reason cited by key personnel
being a lack of commitment, guidance, and leadership from top management. The challenge of
leadership is to inspire employees and stakeholders in the business to embrace change and adopt
various tactics designed to position the organization for success in the future. A great plan
requires cooperation, but a successful strategy execution requires leadership abilities in terms of
working with people, inspiring, organizing, and building a strong connection to the strategy
(Thompson, et al., 2008).
Because leadership has the potential to bring people together, it has a close link with strategic
management. Strategic management establishes a course of action, and competent leadership is
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required to steer and guide personnel in that direction. The leader would not be able to achieve
the final objective in a favorable manner without a proper strategic plan.
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5.0 Analysis
Government policy changes and institutions have a direct influence on ABC Company. More
than 60% of ABC Company's impact is governed by Central Bank restrictions, with the
remainder distributed among internal elements such as workers, third-party connections, and
partners. The strategic leadership has to deal with the higher difficulties of managing these
organizations on a regular basis. Even if the ABC Company has a higher level of internal and
external politics, it is clear that there is a higher degree of internal and external politics.
When it comes to the ABC Company's financial and economic aspects, it's clear that the ABC
Company has all modern facilities, since it's a big finance competitor in Sri Lanka. Human
capital management, on the other hand, is performed uniformly across the country. Salaries are
based on a grading system and are paid on a scale. All employees must go through the increment
procedure and any compensation changes; they must either go through the process themselves or
wait for the specific agency to take care of it.When inflation is high and employees do not have
enough money to live a balanced life, they are more likely to commit fraud or strike. Leadership
styles have a distinct influence on navigating the above-mentioned circumstances, and
implementing strategic goals is always a mix of political and social factors.
As a result, HR must guarantee that the preparation for the most productive period is evaluated
and that the trainees are present. The employees will have a favorable influence and learn if the
teacher is able to accomplish a better job. People who are well-qualified may deliver high-quality
services to their clientele. Staff are one of the most valuable assets in technological firms like
ABC Company, as they provide creativity and invention to the development of breakthrough
financial products, and the company must successfully increase its personnel at all levels of its
promotion technique (Juneja, 2018).
The Human Resources Manager should be able to identify and clarify the training deficiencies
discovered throughout the evaluation process. To make training a good element of the company,
employees should be informed about professional development training programs. Training is
required to keep employees up to date on the agency's latest technological breakthroughs. This
will increase the company's productivity (Jankingthong&Rurkkhum, 2012). Organizations
should take staff training and development issues extremely seriously since skilled employees
helps the firm find a means to deal with any changes that may be made to the business
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environment. Employees' willingness to engage in training is boosted if monetary or non-
monetary incentives are offered. Employees who come up with ideas once they've been educated
should be recognized. After thorough analysis of trainees and organizational needs, the strategies
utilized in training staff should be adopted. The link between the success of training and the
organization's goals should be obvious and consistent (Kochhar, 2016). The following
suggestions are based on the factors time and behavioral restrictions, learning group size, and
incentives, which have been demonstrated to have a major impact on the success of training and
development.
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6.0 Recommendation
Employees who come up with ideas once they've been educated should be recognized. After
thorough analysis of trainees and organizational needs, the strategies utilized in training staff
should be adopted. The link between the success of training and the organization's goals should
be obvious and consistent (Kochhar, 2016). The following suggestions are based on the factors
time and behavioral restrictions, learning group size, and incentives, which have been
demonstrated to have a major impact on the success of training and development. The IT system
would support the back office management information system, as well as the import, delivery,
and distribution of goods. The organization is dedicated to continuous innovation in order to
maintain a high level throughout the year. The firm aspires to be peerless in sales and
distribution by streamlining and modernizing the organization. The firm strategizes to make sure
it is ultra-efficient and completely automated. The organization wants to deliver timely answers
to all of its business partners and stakeholders in order to satisfy their demands (ABC Company
Sri Lanka,2020).
My study reveals that participating in demanding work, having possibilities for advancement,
and exercising autonomy, as well as a desire to contribute to the sector in general, are major
motivators for future leaders. The company must oversee the establishment of roles and projects
that challenge employees, as well as training programs that provide on-the-job possibilities for
advancement. Engaging employees at all levels in strategic planning and decision-making will
also encourage more people to seek leadership positions. There is a considerable need for
transparency regarding career growth among women and younger employees.
Specific
ABC should focus on lending’s loans and other facilities at a reasonable rate,
more than the profit the company should focus on long term return on
investment. Specifically by introducing affordable and innovative products like
inflation package, that will give a grace period of complete one year.
Involvement in the decision-making process (Denhardt and Denhardt, 2003). In
the decision-making process, everyone's input must be taken into account.
Measurable To measure the specific goal, ABC must set targets and analyzing to be done on
monthly basis. Employee development is supported by the leader (Kim et al
2010). In order to encourage staff, cross-train personnel, create new targets, and
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implement training and development programs every quarter.
Attainable
Though it will take some time for the employees to adjust to changes wait to
receive wages such as incentives and bonuses, they should not be demotivated,
where there’ll be an employee turnover. Job satisfaction is top priority, while
employee turnover is not (Mullins, 1999). Creating a positive team culture that
encourages collaboration and creativity is a must.
Realistic
What’ll not be realistic is to pressurize employees on gaining targets with
traditional loan/facility schemes. However is evident that flexibility during a
national crisis and providing solutions will take the company a long way. Once
Reward and recognition system that is open and transparent (Saunderson, 2004).
Streamline an easy-to-understand staff incentive system.
Time-Bound
(Robinson, Perryman, and Hayday, 2004.) Effective employee engagement
system Managers must guarantee that workers are engaged throughout their time
with the company. Each branch, on the other hand, should be examined and
appraised on a quarterly basis, providing a motivating factor for branch
executives and non-executives to meet the set objectives. Employee engagement
is the cornerstone and springboard for boosting and improving employee
motivation.
Table 2: Recommendations
Source: Author Developed
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7.0 Self-Reflection
Through this study, I was able to identify that leadership and strategic management are equally
important for the development or change in the organization stricture, and their positive
relationship influences the organization in order to accomplish the vision, mission and the goals
of the organization. It was clear that the differing types of leadership depend on the situation and
on the way the development or the change needs to be addressed. With the knowledge that I
gained, I can use these leadership styles and develop a strategic plan and apply them in my
workplace and even throughout my career to be an effective leader.
Through my research, I was able to determine that leadership and strategic management are
equally vital for the growth or alteration of an organization's structure, and that their beneficial
interaction effects the organization's vision, purpose, and goals. Strategic implementation is
essential for a company to successfully create and execute its business plan. The company's
growth is aided by strategic implementation, which creates the necessary revenue to maintain
and attract new clients. It takes time to develop a strategic plan, but it is well worth the effort for
the firm. Coming up with a comprehensive plan that can benefit the business in all parts of its
operations might be the most difficult component of the process.
The first and most crucial step in implementing a firm strategy is to set attainable and
quantifiable goals. If you don't have a goal, you have nothing to work towards. If your company
appears to be stuck, it's possible that you haven't clearly stated your goals and objectives. You
may start devising a strategy for accomplishing your goals after you've set them. It can be tough
to properly implement a strategy, and it requires strong leadership and management skills.
Delegation abilities, patience, emotional intelligence, meticulous organizing talents, and
communication abilities are all necessary. It was evident; however, that the various styles of
leadership are dependent on the context and the manner in which development or change must be
addressed.With the information I've gathered, I'll be able to utilize these leadership styles and
establish a strategic plan in my workplace and throughout my career to be a more successful
leader in the challenging finance industry.
Recognizing and developing leadership talents within the bank, on the other hand, is just as
important for successful change implementation. In order to strengthen leadership qualities
inside the bank, ABC Company should have a stronger career development model and focus on
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planning, evaluating, and reviewing the bank's personal development plan. It should follow
proper strategic plans that are examined on a regular basis to successfully implement the change.
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