Verified Document

Leadership Globalization Has Had A Essay

Through the use of teams, the organization can also gain experience and objectives it might not have otherwise obtained without them. Culture for instance, is particular important on a team, as different perspectives can enhance the overall decision making process. Different perspectives, particularly on efficient teams, can become a competitive advantage, as indicated by the compliance committee example above. Establishment of Specific Mechanisms for Sharing Power

The second concept mentioned was that of shared leadership and power. A large organization such of Bank of America requires shared sacrifice and commitment. As the text states, teams need to keep each other informed, don't let members vanish, and establish a code of conduct. Leaders, on all fronts are needed to properly address these issues. Bank of Amierica, for instance, utilizes team leaders, and cross functional teams. These teams are comprised of leaders from various departments, all required to work together to achieve a common objective. Through shared responsibilities of leadership and power, synergies are derived that ultimately benefit the organization....

For example, leaders from the finance, compliance, accounting and marketing department all comprise a cross functional team. These teams are charged with creating a seamless and more enjoyable customer experience for retail customers. Each individual in the cross functional team has an expertise that is relevant to the overall objective. As such, collaboration and shared leadership is needed to help obtain the objective (Paul, pg 35- 42). According to a recent earnings presentation from Bank of America, through the use of cross functional teams, the company has eliminated risky businesses, innovated products such as prepaid debit cards, and enhanced online and mobile applications. All of these decisions through shared leadership help the company grow and development. The proof is in the stock price of the company, which has gained nearly 40% since its lows of 2013.

Sources used in this document:
References:

1) Paul C. Dinsmore et al. (2005) The right projects done right! John Wiley and Sons, 2005. ISBN 0-7879-7113-8. p.35-42

2) Lewis R. Ireland (2006) Project Management. McGraw-Hill Professional, 2006. ISBN 0-07-147160-X p.110- 116
Cite this Document:
Copy Bibliography Citation

Related Documents

Leadership Theory in a Changing and Globalizing
Words: 5806 Length: 20 Document Type: Essay

Leadership Theory in a Changing and Globalizing Marketplace Modern business practice is permeated by the complexities of a changing world. The impact of globalization on the cultural makeup of companies, the effects of the global recession on the conventions of daily business and the evolutionary shifts brought on by emergent technology all call for an orientation toward simultaneous stability and adaptability. Only under the stewardship of a qualified, communicative, flexible and

Leadership Can the Definition of "Leadership" Be
Words: 1070 Length: 3 Document Type: Essay

Leadership Can the definition of "leadership" be applied to the concept of "management"? Leadership is defined as a process whereby an individual has influence over others in terms of achieving a predetermined, common goal. This paper takes the position that leadership should be part of what a manager / management does in a workplace environment; leadership is not limited to one category of employees, whether it be executives at the top

Leadership: Enhancing Lessons Experience According to Johnson,
Words: 1315 Length: 4 Document Type: Essay

Leadership: Enhancing Lessons Experience According to Johnson, & Giorgis (2002), Leadership is the process in which an individual influences actions of others towards common goals, Formulates policies, strategies, and influence people towards achievement of the same strategies. Over the past decades, various changes in the world have led to various definitions of leadership. The fall of the Soviet Union, globalization and various advances have changed the world we knew. A woman

Leadership Principal Theories of Leadership and Motivation
Words: 1900 Length: 6 Document Type: Research Paper

Leadership Principal theories of leadership and motivation Leadership might be described as: the affect that specific people (leaders) apply on the target accomplishment of other individuals (employees) within an organizational framework. An early on unit upon Board Governance explains in a restricted approach, the influences of leaders on overall performance. Researchers explained that leaders come with a capability to find out how various elements of the circumstance match with each other as

Leadership My Organization Is Miami-Dade Transit, for
Words: 2067 Length: 6 Document Type: Essay

Leadership My organization is Miami-Dade Transit, for which I am a bus operator. The Transit system is an independent operating entity within the government of Miami-Dade County. Leadership of this company is typically appointed, and this was the case of the current Director, Ysela Llort. She was posted to the position at Transit in February 2012, after a career spanning many different units within the county, including Public Works, Aviation and

Globalization and Leadership the Phenomenon
Words: 1874 Length: 6 Document Type: Essay

Personal or Organizational Leadership The internationalization of jobs, companies, technology, products, money, and neighborhoods has caught many people and firms off guard. As indicated in both the books, people's thinking has not caught up with the reality: business and life, in general, have been and are being globalized (Levitt, 1983-page 13). Few people have much long-term experience working or living with people from other cultures. The result is that few

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now