Strategic Leadership, Change Management, and Barclays Bank Analysis

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Added on  2023/01/12

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Strategic
Leadership
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EXECUTIVE SUMMARY
This report has been conduct report on the Barclays Bank and it has been explained the
approaches of the leadership which can be helpful during the change. This report also have
concluded roles of leaders and managers in the change situations. Leaders play significant role
in business, leaders are here responsible to implement change effectively. Leaders always
motivate people and give training to workers so that people feel comfortable and accept
modification. Leaders ensure issues among employees and try to resolve these modifications.
Leaders work to create ethical culture so that brand image of firm can be raised and it can sustain
in market for longer duration.
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Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
Evaluate and practical approaches to the strategic leadership In the change management...4
Role of leadership in change in the wider commercial environment....................................5
Ethical relationship between leaders and team.......................................................................5
Conclusion.......................................................................................................................................6
REFERENCES................................................................................................................................7
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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.
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.
Leaderships and manger of the company play important roe at the workplace. Leaders have to
motivate their employees, and they should encourage them to give their support to the bank
thorough their leadership skills. 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).
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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).
Here are some leadership approaches -
Democratic leadership – in this leadership theory leader of the company give chance to the
employees to put their thoughts, and they can talk with the leaders directly. leaders also give so
responsibility in the employees on the lower level, and they understand their responsibility in the
change management (Parés, Ospina and Subirats., 2017). They also have to encourage
stakeholder of the company to support company in their change management.
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.
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 (Kheyley
and Ragui, 2018). 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. Managers of
the company will also can support employees by training and development program. This will
help them to get new skills for the task so they can understand the new task at the workplace
(Cameron and Green., 2019). 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.
Ethical relationship between leaders and team
It is important for the leaders of the Barclays Bank to have necessary skills in themselves
which will create ethical relationship between leader and team (Kheyley and Ragui, 2018). It is
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important for the leaders to have good communication skills, so they can provide right direction
ad support to the group, they should have good nature and behavior with the group, so they can
create trust among the employees, and they will listen what their leaders is telling them to do in
the task. Manager of the company may not be leaders because they have different characteristic
(Díaz, Ramos and Díez., 2017). Leaders of the company lead employees to achieve goals, and
they make vision for the company but manager of the company manage the activities and
control the risk at the workplace, so they both are different from each other. 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 (Olaka,
Lewa and Kiriri, 2017). 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.
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
Books and journal
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.
Dahri, A.S., Amin, S. and Waseem, M., 2019. Effect of Strategic Leadership on Organizational
Performance through Knowledge Management. Journal of Managerial Sciences,. 13(2).
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.
Hubball, H.T., Clarke, A. and Pearson, M.L., 2017. Strategic Leadership Development in
Research-Intensive Higher Education Contexts.
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.
Kheyley, I.A. and Ragui, M., 2018. STRATEGIC LEADERSHIP INVOLVEMENT AND
STRATEGY IMPLEMENTATION AMONG PARASTATALS IN KENYA. European Journal
of Business and Strategic Management. 3(5). pp.39-62.
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.
Mui, H.K.Y., Basit, A. and Hassan, Z., 2018. The Impact of Strategic Leadership on
Organizational Performance of Small Medium Enterprises (SME) in Malaysia. Journal of
Leadership and Management. 13. pp.154-166.
Olaka, M.H., Lewa, P. and Kiriri, P., 2017. Strategic leadership and strategy implementation in
commercial banks in Kenya. Journal of Strategic Management. 2(1). pp.70-91.
Parés, M., Ospina, S. M. and Subirats, J. eds., 2017. Social innovation and democratic
leadership: communities and social change from below. Edward Elgar Publishing.
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