Leadership styles for enhancing adaptability to market changes
In a situation when the business environment is in the process of ongoing changes the companies are required to react to these changes promptly to stay competitive in the changing business environment. These are often seen with the
The main discourse of the report aims to identify the critique associated to the functioning of the management in the changing environment. The primary discussions of the study have included the important discussion related to the classical functions including the planning and the functions which are constrained with the ability of the organizations to provide the critical analysis on how the management works based on the ability of the to adapt with the changes pertaining to the market based on the several types of the external factors. The adaptability of the organization to these changes has been explained with the functions of planning, leading, controlling and organizing (Doppelt 2017).
This section of the study aims to depict the relation between the various types of the leadership styles and motivational theories followed by the managers in order to accomplish the various types of the organizational goals. In general, it needs to be identified that the companies are seen to face fierce competition which has created several types of considerable challenges. Therefore, the main aspect of the changes pertaining to this aspect needs to be taken into account with the potential of the employees. Leadership style is depicted as a crucial tool for dealing with the changes in the business environment. Leadership style such as transformational leadership is often considered as an effect tool for dealing the employees for enhancing the communication process among the staff in the chaining business environment. In addition to this, situational leadership style is also depicted to be beneficial in addressing the important nature of problems which are significant with the changing nature of the business environment. This leadership style comprises of including the factor workers seniority in addressing the complexity of the tasks in the changing business environment. The situational leadership also acts as a bureaucratic strategy which takes into considerations various protocols conducive for an organization (Hayes 2018).
The important motivational styles adopted by the mangers in the changing business environment is identified with the various types of the tools which are related to the both intrinsic and extrinsic motivational facts. Some of the important nature of the extrinsic motivational style needs to be identified as per the recognition of an employee in adapting to changing business environment. This is seen to be done by the management in conducting RNR programs and providing better increment. On the other hand, the adoption of the intrinsic style of motivation by the management is identified with the adoption of the various types of strategies which are aimed at providing a job role which is in the best interest of an employee. This factor is seen to be directly related to the internal satisfaction of the employees. In addition to this, the management is also seen to be promote the intrinsic motivational factors by facilitating appropriate training to adapt to the changing business environment. This is seen to be mostly appropriate in case of technological changes and management provides training to their employees so that they get more motivation to learn and adapt to the new changes (Carnall 2018).
Motivational theories for enhancing adaptability to market changes
The reference to the previous literature on the topic has been able to reveal in many aspects there are significant nature of the steps followed to spot the main factors responsible for the limiting the responsiveness to the changes in the business environment. Research has been able to reveal that the managers who are able to anticipate the changes are in a better position to correctly predict the possible impact relating to the changes. On addition this, some of the various types of the factors which are associated to the changes are seen to be relevant with the managerial decisions to rapidly responding to the changing environment and carrying out with the cognitive process leading to the appropriate recourse of action. Most of the secondary evidences have suggested that there is dramatic nature of the consequences which are related to creating breakpoints. There is also seen to be possibility of the management in recognizing the different types of the changes which are seen to be taken into account with treating to the changes in terms of incorporation of the appropriate strategy for the business. These strategies are seen to be related to adoption to the changes in the business for tackling competition (Cameron and Green 2015).
The management is also seen to be taking several types of the other initiatives such as implementing the effective action along with speedy response. In majority of the instances the managers are having sufficient nature of information for incorporating lower level learning instead higher level. The learning associated to the higher level is seen to be based on the several types of the strategies which are appropriate with the financial performance of the companies and strategies (Rosemann and vom Brocke 2015). The companies operating in the changing business environment are often involved in the various types of the measures which are considered with the reinforcing the existing patterns. These are generally evident with introducing new products and services and also new technologies. Several types of the other companies are seen to be involved with the selection of small changes in the products and offerings of the services. The overall formulation of the new strategies by the corporations are often seen with an increasing hiring and promotional practices (Wheelen et al. 2017).
Planning in the changing business environment is often identified with the functions of the management which starts with the environmental scanning. This primarily concerned with the factors critical to the contingencies faced by the firms, their customers and competitors. The management is often seen to consider the “planning-organizing-leading-controlling (P-O-L-C) framework” in order to address the various types of the concerns which are seen to be depicted as per the revising the strategies, goals and objectives in the planning phase (Carpenter and Agrawal 2018). The changes considered in organizing of the company is identified with the changes in the organizational design, social network and overall culture. The leading aspect in the organization is depicted in terms of the various types of the important aspects related to the decision making, communications, groups and motivation. The controlling functions are identified with the strategic human resources, systems and process (Jeston 2014).
Management’s ability to adapt to changing environment
The changes considered as per the strategic planning needs to be discerned as per the several types of the initiatives taken such as identifying the competitive factors which are required to assess the position of an organization (Hornstein 2015). It needs to be also discerned that the organization is depicted to related to take the significant nature of the other measures which are seen to be relevant with the tactical planning and operational planning. The organizing functions of the management involves the various types of the other aspects which are directly associated to the accomplishment of the objectives pertaining to the organizational decisions conducive for decision making (Goetsch and Davis 2014).
The leading initiatives needs to be depicted with the informal sources which considered as per source of influence which can be taken up by the relevant parties. Several types of the other motivational studies have been further able to highlight on the important nature of the changes depicted as per the making enhancement in the values, attitudes and emotions due to the changing business scenario (Altamony et al. 2016). There are several studies of motivation which are relevant with the statement showing the relevance of understanding the leadership style and management adopting to several types of effective style pertaining to leadership. There is also significant nature of the controlling functions which are directly relevant with the establishment of new performance standards and comparisons of the actual performance against the standard. The effective controlling is also signified with the effective controlling required for suggesting the appropriate performance standards in order to tackle the changing business environment (Chang 2016).
Conclusion
The discourse of motivational and leadership theories in adapting to the change in the business can be identified as per the leadership style such as transformational leadership. This is regarded as an effect tool for dealing the employees for enhancing the communication process among the staff in the chaining business environment. Furthermore, motivational styles adopted by the mangers in the changing business environment is identified with the various types of the tools which are related to the both intrinsic and extrinsic motivational facts. The important factors responsible for the extrinsic motivational style needs to be identified as per the recognition of an employee in adapting to changing business environment. This is seen to be done by the management in conducting RNR programs and providing better increment. In addition to this, the extrinsic factors for the motivation can be evident in terms of adapting to the changes as per the technological factors. secondary evidences have suggested that there is dramatic nature of the consequences which are related to creating breakpoints. This is important as per accounts which are to be treated as per the changes in terms of incorporation of the appropriate strategy for the business.
References
Altamony, H., Al-Salti, Z., Gharaibeh, A. and Elyas, T., 2016. The relationship between change management strategy and successful enterprise resource planning (ERP) implementations: A theoretical perspective. International Journal of Business Management and Economic Research, 7(4), pp.690-703.
Cameron, E. and Green, M., 2015. Making sense of change management: A complete guide to the models, tools and techniques of organizational change. Kogan Page Publishers.
Carnall, C., 2018. Managing change. Routledge.
Carpenter, D.A. and Agrawal, V.K., 2018. Infusing information technology into the core business curriculum: a change management project. The Journal of Business Inquiry, 7(1), pp.3-20.
Chang, J.F., 2016. Business process management systems: strategy and implementation. Auerbach Publications.
Doppelt, B., 2017. Leading change toward sustainability: A change-management guide for business, government and civil society. Routledge.
Goetsch, D.L. and Davis, S.B., 2014. Quality management for organizational excellence. Upper Saddle River, NJ: pearson.
Hayes, J., 2018. The theory and practice of change management.
Hornstein, H.A., 2015. The integration of project management and organizational change management is now a necessity. International Journal of Project Management, 33(2), pp.291-298.
Jeston, J., 2014. Business process management. Routledge.
Rosemann, M. and vom Brocke, J., 2015. The six core elements of business process management. In Handbook on business process management 1 (pp. 105-122). Springer, Berlin, Heidelberg.
Wheelen, T.L., Hunger, J.D., Hoffman, A.N. and Bamford, C.E., 2017. Strategic management and business policy. pearson.
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