Introduction and business situation
In today’s complex business scenario, leadership has become a topic of intense discussion and scrutiny. Leadership in a small organization is quite different from leadership in a complex, global organization. This article deals with the question of how leaders of large, complex organisations require building teams that can accomplish any outcome of the desired strategic objective. Today’s global organizations need leaders that can simultaneously thrive across different business environments, including emerging economies, turnaround situations and start up operations (Peslter, 2013).
Key Management Issue- How to lead people?
The globalisation of the business has compelled the leaders to tackle several situations simultaneously. The leader must make sure that their strategic objective or the final result is measurable and clear to all of its team members. If we consider an organization which is trying to aggressively enter the emerging markets, it would require a leader who has the capability to embrace uncertainty and still keep moving forward. He needs to make quick decisions based on the current business situations and ready to take big risks. Without doing this, it would not be possible to succeed in the emerging markets. On the other hand, a turnaround strategy requires the leaders to make decisions with an aim of maximizing productivity. McDonald’s ‘Plan to win’ strategy, which was introduced by James Cantalupo, is one of the best examples of a turnaround strategy (Gibson, 2003).
In order to develop an effective leadership, it is important to uncover and foster disruption that might prove to be a hindrance for the organization’s future. The leader needs to make bold decisions, even if it means going against the existing norms and culture. He needs to build his team, embrace uncertainty, tolerate high levels of risk and failures and modify the organization strategies as per the changing business requirements.
Conclusion and possible solution to the situation
According to me, the traditional idea of a leadership is no more applicable in today’s ever changing business environment. Today’s leadership needs to understand the importance and value of its team in order to succeed in achieving its strategic goals. In these uncertain times, it is essential that leaders have good working relationships with their working teams, because leaders need to take several bold and risky decisions, and if they do not have the support of their team members, this won’t be possible. Moreover, it is the prerogative of a leader to ensure that its team gets all the support and encouragement that is needed to excel at workplace!
References
Bill P. (2013) Leadership: Debunking the Superhero Myth. Retrieved April 05, 2014 from online.wsj.com/
Gibson R. (2003) McDonald’s New CEO Has Global Turnaround Strategy. Retrieved April 05, 2014 from online.wsj.com/
