Effective Managerial Leadership Development

In this business environment the way to sustain the market position of the firms is to reduce their production cost and make innovatory changes in the product so that the customers get improved quality. In simple words, a firm need to become more productive so that with the same amount of resources it can produce more. In order to gain the required efficiency in production it is very important that a firm allocates it resources optimally. Organisational performance is a dependent variable which is influenced by a number of independent variables such as, leadership, employees’ commitment, HRM practices, customers’ satisfaction, suppliers’ management, etc. The leaders with the help of managers are required to manage their employees so that a company is able to achieve continuous success by accomplishing its set targets. It is where; LMD programmes can help the leaders to address complexities of business in a more efficient way. The leader is responsible for guiding its followers to prevent them from going astray and provide them with valuable feedback so that they can improve their performance in future. If a leader fails to carry out its responsibilities the consequences are severe and the case of Primark can be cited here to understand the value of effectiveness of leadership to an organisation.
Introduction
The changes in the economic environment have an influential role shaping the structure of the organisation. Human capital is one of the important resources that need effective management so that they can exert their effort in the right place to bring successful results for the company. Now-a-days, most of the companies have Human Resource Management (HRM) department which is responsible for managing various aspects of Employees. HR professionals are the one who bridge the gap between employees and the organisational goals. One should not confuse the role of a HR professional with that of manager. A manager is the head of department it can be finance, accounts, etc. However, an HR professional is responsible for allocating the human resource effectively starting from hiring individuals, to making sure that individual objectives are aligned to the goals of the organisation. The compensation policies are defined by HRM department while the individual performance is looked after by the managers (W. Kahnweiler and J. Kahnweiler, 2012).
Leaders can be defined as those possess the ability to lead; it may be an individual or an organisation (Sharma and Jain, 2013). For example, Microsoft is regarded as the market leader in software industry. On the other hand, Bill Gates is known to be one of the most effective leaders in the world (Demuth, 2013). Each leader has his or her way of communicating with the employees or subordinates which defines the former’s style of leadership. Trait theory of leadership is regarded as one of the traditional theories of leadership that opines Leaders are born with certain qualities like, personality, enthusiasm, communication, extrovert behaviour, etc. All these qualities in a leader distinguish him or her from the rest. However, over the years with greater evolution in the world researchers and scholar continued their search for a more concrete theory in relation to leadership theory. The theory of leadership in the modern world sates that leaders are not born and can develop leadership qualities.


Effective Managerial Leadership Development

Type: Report
Domain: Leadership
Words: 4000
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