Business Management Assignment Example | Topics and Well Written Essays - 3500 words

Business Management - Assignment Example Leadership involves establishment of a clear vision, sharing and conveying the vision with the associates so that they can follow it enthusiastically, providing knowledge, information as well as describing the methods by which the vision can be realized, balancing the conflicts and coordinating with the stakeholders and other associated members. In this tumultuous business environment, the importance and necessity of efficient leadership cannot be denied. The complex and dynamic nature of business has further augmented the need of leadership in an organization. As a result of this, it has been observed that companies nowadays have started to instigate several leadership development trainings and programs which clearly points out that although off late, originations have been able to understand the extent to which efficient leadership adds to the efficiency and competence of an origination (Agard, 2010). Leadership is a vast area and its application is be found in different facets of an organization. However, there are huge differences between management and leadership styles. Moreover, the role played by leadership is different from that of the role of managing. Although the major role of leadership is to ensure people in n organization are working towards a common goal, but is not constrained or limited to only a single area. Leadership also plays several other roles and is crucial to an organization’s day to day activity. Some of the most crucial roles played by leadership in an organization are describe below. Management of the Workforce: - Leadership is extremely important in organizations to ensure proper management of the people. Leadership not only provides assistance in initiating actions within organizations, but also plays actives roles in motivating the workforce, providing them with guidance, building confidence, improving the morale, creating a healthy working environment and also coordinating with the employees for better outcome. Strategy Implementation: - The notion of leadership is also vital in the strategy implementation process of an organization. The implementation of stagey in organizations is equally important like that of strategy formulation. A strategy is generally formulated by the upper management but the implementation is in the hands of the leaders. They are the one who are accountable to implement and communicate the strategy to the entire organization. Hence, the role of leadership in strategy implementation is imperative. In the meantime, it has been also observed that, employees often resist the implementation of a new strategy thinking that this may dislocate their current state. In this context also leadership plays a crucial role in managing the resistance to the change offered by the employees thereby implementing the strategy successfully. The above discussion has made it evident that leadership practices are indeed significant for an organization. Therefore, it is also necessary to shed light on the different types of leadership. The type of leadership practices differ from one organization to the other. The leadership style or the type of leadership is greatly dependent upon the objectives of the organization and also the intentions of the organization. A number of authors in this context argue that the leadership style of an organization also depends upon the organizational culture. Echoing these thoughts, several other scholars have mentioned that the national culture of a country also