Role of Corporate Leaders in Transforming Organisations

Topics: Management, Strategic management, Leadership Pages: 6 (2019 words) Published: March 12, 2013
The role of corporate leaders in transforming organizations
Corporate leaders play a significant role in their organizations. They enhance the motivation, morale, and performance of followers through a variety of mechanisms. These include connecting the follower's sense of identity and self to the project and the collective identity of the organization; being a role model for followers that inspires them and makes them interested; challenging followers to take greater ownership for their work, and understanding the strengths and weaknesses of followers, so the leader can align followers with tasks that enhance their performance Strategic Leadership & Innovation

Strategic leadership is typically the domain of the corporate leaders. In this context strategic leadership is about creating an environment that fosters and encourages innovation. It is about energizing the team to understand and be responsive to client needs; to be creative in serving clients mindful of the limits of the firm's professional capabilities and specific value proposition. It is certainly not about telling people what to do. If the firm has succeeded in attracting and developing the correct talent, then these individuals will have the skills, judgment and values to innovate successfully. By facilitating this kind of client-focused quest for excellence the leaders of professional service firms create an environment where strategy becomes organic; part of the daily flow of client work, practice development and team interactions. New ideas are tested; boundaries pushed and risks taken. As clients respond to, and value, such initiatives they are institutionalized into new practices or change the way existing practices are executed. In this process deep trust and shared knowledge is built with clients. This forms the basis of a relationship that is a significant barrier to entry for competitors. Some large companies are coming to understand the importance of this bottom-up approach to strategic leadership. The "atomisation" of large corporates into small, strategic business units, with clear team based accountability for delivering business results, reflects this. These companies understand that the power of the strategic insights of customer facing teams that have ownership for building "their" business. They recognize that the rate of change in today's world requires rapid business realignment so that these insights can be quickly translated into new products or services and delivered to clients in a timely and efficient manner ( Andersen Consulting Institute for Strategic Change,1999). Corporate leaders transform organizations through inspiration and motivational In corporate set up, the most successful leaders are first and foremost inspirers, motivators and facilitators of business creativity. All the more in a world where top talent has options. These individuals are motivated by much more than monetary compensation. They seek to achieve and have impact. The leaders of professional service firms have long understood this. They understand that talented professionals do not want to be told what to do. They want to be excited by their leader's passion and inspired by his or her vision. It is this kind of leadership that will attract and retain the best talent in a talent-constrained world. A leader proves to be playing an incentive role in the concern’s working. He motivates the employees with economic and non-economic rewards and thereby gets the work from the subordinates. Morale denotes willing co-operation of the employees towards their work and getting them into confidence and winning their trust. A leader can be a morale booster by achieving full co-operation so that they perform with best of their abilities as they work to achieve goals. Leaders with inspirational motivation challenge followers with high standards, communicate optimism about future goals, and provide meaning for the task at hand. Followers need to have a strong...

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