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Developing leadership and Global Recession - Essay Example

Topic:  Developing Leadership and Global Recession Introduction Global recession is an issue faced by all organizations in the recent years and it has posed has a biggest threat to the international business world. Global recession has engulfed the business scenario and decreased the industrial output and brought about negative mood in the business activity…
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"Developing leadership and Global Recession"

Download file to see previous pages However, countries which are wealthy were able to cope with recession to an extent. According to AusAID(2010)“Those with stronger economies and more financial resources were able to implement effective policy responses to support the economy and weathered the global recession relatively well”. In combating a worldwide threat like global recession, an organization needs to make visible changes in their leadership styles and business strategies. The issue of global recession demands a leader to change his attitude in conducting business in order to be flexible and realistic. Global recession is a serious issue and threatens the financial structure of a company and its profitability. As per Sawan(2008) “A recession normally takes place when consumers lose confidence in the growth of the economy and spend less” . In such a condition the objectives and aim of a business needs to be revised and reconsidered according to the demands of the situation. Implication of Leadership on Global Recession a) Autocratic Leadership: This is a leadership style in which the whole decision making process of the business is vested with a single individual. Here the whole group members in an organization are monitored by the autocrat leader. In the event of global recession, the leaders should make effort to increase the confidence of share holders along with motivating staff to achieve maximum profit returns. An autocratic leader has more visionary skills and can implement strategies with less time and effort as consultation with other employees are not required. As an autonomous authority, he can analyze the prospects of the product market and make alternative choices to increase the demand for the product. As per Kiselev(2007)“An autocratic leader likes to make decisions himself. This leader relies on personal experience and input he has sought, not the voluntary contributions of others”. This kind of leadership is not viable with global recession concept as co-operation and co – ordination wit all employees can solely achieve long term success for business. b) Democratic Leadership: A democratic leader is one who considers everyone’s opinion and solution on a specific problem before taking a decision. In this kind of leadership, the leader conducts meeting with group members and discuss the complexities of the business in the event of economical downturn. The conclusions are drawn considering the suggestion of all mangers and experts in the organization. During a recession period, most of the organization cut off employees in order to reduce cost, so a declarative leader must plan with organizational heads to retain experienced and skilled employees and disown employees who are less productive. According to Hansen(2011,pg.268)“ Democratic style displays the leadership strength of the leader and usually generates respect from the team member c) Laissez –faire Leadership: In laissez – faire leadership, the decision making power is least vested with a particular individual. The decision making authority is distributed among various employees of the organization and they have strong hold on the business activity of an organization. In times of recession, it will be valuable if many employees have freedom to exercise their power to take action on relevant areas of an organization. In recession period, the organization has to take instant decisions to ...Download file to see next pagesRead More
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Leadership in organisations during post-recession period
The current economic crisis, considered as one of the most severe downturn after Great Depression, has tested the capabilities of all global leaders, both in the arena of political or corporate world, while all business firms have faced various challenges and uncertainties.
Developing leadership
This has been observed to happen most among staff that are between one to five years of experience. It is not new that modern organizations are inextricably connected to information technology systems. It has been difficult to tell when organizational business stops and when information technology starts.
Global Recession
This essay shall argue that the present global recession, often cited as the worst since the great depression of the 1930s with unemployment rates soaring the world across, was triggered in the US a by a financial meltdown in turn triggered by bursting of an unsustainable housing market bubble on top of the difficulties being faced by most major economies due to rising oil prices and commodity prices.
Developing Leadership
The American Heritage Dictionary of the English Language (2000) states the meaning of the word diagnostic as, "serving to identify characteristic." The word instrument must also be defined and its meaning is listed by the same dictionary as, "a means by which something is done; one used by another to accomplish a purpose." Hence, a diagnostic instrument was used in order to help identify, measure, and accomplish the purpose of providing an evaluation of self in regards to my management/leadership skills and abilities.
The Global Recession
The global recession occurs when the global growth falls below 3%. Similarly, it happens in an economy when the GDP of that country falls for two consecutive periods. In the last few decades, there have been significant changes in the global economy faced by regional, national and shared conflicts resulting in one of the most damage inflicting recession period that we are witnessing.
Training during global recession
Cost centres in companies come under immediate scrutiny, and foremost among these cost centres is the human resources development programmes. Seen as not directly income generating, training and skills development programmes
Moreover, the adoption of IT systems targets to minimize managerial tasks as well as the occurrence of medical errors. A close analysis of the available technologies
Leadership in the travel industry has been especially affected by the challenges of the 21st century, specifically as most organisations in the industry
Individual Essay: 21st-century leadership (1500 words) Organisations today face significantly different challenges from those of the past, for example in terms of global recession, climate change, terrorism, international competition, technological change
Globally, at least 250 million people are faced with natural related disasters annually (Sivakumar, 2005, p. 10). It is estimated that this could increase to at least 375 million people who are likely to be face by environmental related challenges at least in the next
They believe in the strength that lies within a team and, therefore, they endeavor to motivate, encourage and inspire team members. Team members sharing the same belief are highly in sync with leader. According to Goldsmith (2002), leaders can change
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