EXAMPLE ASSIGNMENT ON DEVELOPING STRATEGIC MANAGEMENT AND LEADERSHIP Management is the group of people who make decisions on how the business can be run and profitable in all dimensions of the organizations or company according to Gold (2010). In fact, these individuals who are involved in the decision making of the organization and are called the management are responsible and accountable before the strategic leadership in the organization. The second definition that can be given about the management is the initiative and maintenance of an investment portfolio in the business organization in all the ways to success achievements according to Harrison (2002). This is the management in which the organization deals with dealing of matters in different sectors for improving the productivity and profitability in every area of the business of the organization. LEADERSHIP:
Johnson (1992) opines leadership is quality or art of influencing others or motivating a group of people to the task in order to achieve the goals in the business organizations. Leader is the one who holds the qualities of the leadership and is also the person who inspires others and directs them to do something extraordinary for common goals. People not only follow the leader but they also do that willingly and happily. True leader takes his/her people with and step forward with the great morale and team spirit.
LINK BETWEEN LEADERSHIP AND MANAGEMENT:
Bill Gates is the leader and pioneer of Microsoft Inc, but he is not a manager. This statement shows the position of the leader and the manager. The manager must have the leadership skills but on the contrary for the leader it is not compulsory to have the managerial skills as these skills are important for the leader but the vision is the goal of the leader but the manager works for targets and tasks for the specific time period and for the certain period of time. Leadership and management both are important in the organizations or even in the industries. Leaders are welded to the performance and it is also the duty of the leaders to increase the productivity in different sectors of the organization. Management with good leadership qualities and the leadership with managerial competencies is the demand of the organizations around the globe. Task 1.2 Analyse the impact of management and leadership styles on strategic decisions. IMPACTS OF MANAGEMENT AND LEADERSHIP STYLES ON DECISIONS:
Dynamic leadership always does its best to influence the environment and the environment is the situation in which the decisions are to be taken as the needs arise in the organizations. There are different styles of management and leadership in the business world. PARTICIPATIVE MANAGEMENT AND LEADERSHIP STYLE:
Kouzes (2008) states that the participative leadership and management style are open and flexible manner of management where employees have the prominent decision making role in the organization and the participation of the employees is considered as the asset of the organization. So this is very important factor in decision making of the organizational setup. This style is very much appreciated in progressing and growing organizations. Employees feel responsible and honoured by the leadership which boosts the morale of them in order to complete the tasks of the organization. This leadership style helps in the organization in decision making and when this style is applied, the team work and dignity of the employees come forth and they become more and more productive. PERSUASIVE LEADERSHIIP AND MANAGEMENT STYLE:
Megginson (2003) opines the Persuasive leadership style is all about the quality of the leader in which the leader convinces people around him/her in all the effective ways to achieve the goals of the organization....
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Harrison, R. (2002). Learning and Development, London. Chartered Institute of Personnel and Development.
Johnson, K, B. (1992). Business Bureaucracy, How to Conquer your Organization’s worst enemy, London. The McGraw Hill Companies.
Kouzes, J. (2008). The Leadership Challenge. 4th Edition. London. Jossey-Bass.
Megginson, D. (2003). Continuing Professional Development, London. Chartered Institute of Personnel and Development.
Moon, J. (2000). Reflection in Learning and Professional Development, Theory and Practice, Manchester. Routledge Falmer.
Mullins, L. (2010). Management and Organizational Behavior. 9th Edition. London. Prentice hall.
Mumford, A. and Gold, J. (2004). Management Development. London. Chartered Institute of Personnel and Development.
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