For leaders in these uncertain times it is not enough to just provide a series of goals or objectives, there must be a dimensionality to leadership strategies. Starting first with the ability to read situations and assess them, then apply transactional vs. transformational leadership is key. Second, the consistency of being able to manage with authenticity, transparency and trust is even more critical today as situations change rapidly and so do market conditions; there is not the luxury of time anymore to be so static in responses to market conditions (Scott, 2010). An example of an organization exceptionally effective at this strategy is IBM. Under previous CEOs, IBM was complacent and willing to live off the maintenance revenues of their mainframe business and seek out partnerships that protected the status quo, not challenged it. With the launch of the PC, and later the Internet, IBM found themselves in a position of being nearly irrelevant to the enterprise buyer. Their re-invention of themselves is significant and one of the most remarkable turn-arounds in global business. All of these factors point to the need for leaders and managers to be resolute in focusing on having situational leadership strategies that are effective in managing the teams they are responsible for (Hirunyawipada, Beyerlein, Blankson, 2010). As many organizations have drastically cut back on headcount during this recession, the ability of a leader to invoke trust and keep it over time is essential if an organization is to stay focused and galvanized in its commitments to its goals. This is much harder after any organization has gone through a lay-off and trust has been depleted due to restructurings. Yet transformational leaders have the ability to define a compelling enough vision, show significant sacrifice in belief of that vision, and motivate others through that initiative on their own to also sacrifice to attain the goals. In fact, surveys show that the most telling trait of a transformational leader is the ability to make personal sacrifices on behalf ot he vision they believe in while staying consistent and authentic in their direction and approach to managing (Mancheno-Smoak, Potak, Athanasaw, 2009). The most effective leaders in the 21st century will be able to balance these factors and tailor leadership programs that are highly relevant to the needs of their employees. By serving them, they will not...
This is the essence of excellent transformational leadership (Liu, Siu, Shi, 2010).
Therefore, I am finding that there is a benefit in creating an Assistant Manager position, through which these scheduling duties may be performed. This allows me the freedom to focus on the important matters of budgeting and financial planning. Indeed, during my years as the owner/operator at Southwest, I have become increasingly adept at the maintenance and interpretation of financial records, budgetary concerns, inventory flow and adherence to appropriate accounting
The project manager must effectively utilize all of the communication methods available to them. They must choose the most appropriate method of communication for the workers and for the managers. The more workers and managers hear the messages, in as many sensory modes possible, the more likely the message will be to make an impact on a reduction in accidents on the job. Language proved to be a problem in Australia's
"A balanced fund seeks to provide long-term growth through its equity component as well as income to be generated by the portfolio's debt securities" (Galvin). 3. Factors Generating Changes in the U.S. Secondary Market for Common Stock The exchange of financial products expanded significantly since the 1960s as a direct consequence of the growing interest in stocks, bonds and other types of investments. Trading financial products is no longer destined only
Managing Diversity Team leadership issue: Managing diversity Definition of the team leadership practice: Diversity management One of the most contentious issues in management is the question of whether diversity helps or hinders team performance. The overall review of the potential of diversity to maximize productivity is mixed: on one hand, diversity can foster creativity and healthy dialogue and debate on a team. When dealing with clients abroad, diverse team employees may have greater
Lee is only the first step in the process of building a team that is able to cover all aspects of Mrs. Lee's care. The team approach involving a social worker, nurse, physician, pharmacist, and physical therapist affords Mrs. Lee a full range of professionals attending to her various needs. Although Mrs. Lee has a number of problems that need to be addressed the one problem that must be addressed
Management: Management at Walmart Background of Walmart Mission, Vision and Values of Walmart Managers at Walmart Manager's Role in Decision Making and Strategy Managers Managing Diversity Managers as Motivators Background of Walmart For this study we would dwell into the role of a manager at Walmart -- the largest retailer in the U.S. Walmart has been in business for more than 50 years and at present has a footfall every week of more than 260 million customers
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