...RENAISSANCE LEADERSHIP Transforming Leadership for the 21st Century J. Martin Hays and Choule Youn Kim THE AUSTRALIAN NATIONAL UNIVERSITY Key Words: |Leadership |Management Education |Future Trends | |Leadership Development |The New Millennium |Leadership Competencies | ABSTRACT Conventional leaders and leadership of the past are insufficient to meet the demands of the 21st Century. As we enter the new millennium, our world is characterised by unprecedented complexity, paradox, and unpredictability. Change is rapid and relentless. Today’s leaders face demands unlike any ever before faced. Standard leadership approaches that have served us well throughout much of history are quickly becoming liabilities. Conventional wisdom regarding leadership and many of its habits must be unlearned. The strong, decisive, charismatic, and independent leader and leadership we have idealised, strived to be, depended upon, and longed for may prove counter-productive in the new millennium and undermine a sustainable future. The challenges and opportunities of the 21st Century call for a new type of leader and leadership, indeed an entirely new and different way of thinking about leadership and of developing future leaders. This paper explores the nature of the nascent millennium and the leader and leadership qualities and capabilities...
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...Vision to 21st century leadership The ultimate measure of man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. --Martin Luther King Jr. Abstract: Great quotes, great literature, great historical leaders, but still world is exploring the real essence of leadership. When we talk about leadership skills what exactly do we mean? Leadership skills are tools, behaviors and capabilities that a person need in order to be successful at motivating and directing others. Yet true leadership skills involve something more; the ability to help people grow in their own abilities. It can be said that the most successful leaders are those that drive others to achieve their own success. There are many leadership styles and has lot many leadership qualities attributed to the styles. Which one is perfect and what qualities make a good leader is slowly becoming the context and situation oriented. The dynamics and characteristics of this 21st century world are greatly varied than previous centuries. As the society becomes faster paced and dynamic the problems and challenges are also evolving in rapid fashion, making them even more difficult to resolve. People perception and demands on their leadership is also changing fast. They demand new styles of leadership which provide solutions, not necessary an autocratic way but a blend of different styles and qualities to suite these dynamic, challenging, complex 21st and future...
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...Unit 6: Assignment 1 Innovation Leadership Project MBA 6006 October 3, 2014 Introduction Procter & Gamble is a large multibillion dollar company that many of us would have never thought was having difficulties until we read the case study. Like many people and companies P&G had been winning for soo long that they got complacent. The time, thought, and energy was no longer being invested into the innovation of the company. There were “ideas” that were thrown into production with hopes of them working. However, when things started to go wrong the leaders at P&G started to do their research and really dig into what changes could and needed to be made. This first step is what separates this company from many others and what has enabled them to remain successful to this day. What Encourages Innovation There were two primary leadership styles that were present at Proctor & Gamble as a result of Lefley stepping in as the CEO. Both transformational and contingency leadership were present and needed to enable the company to evolve. The transformation leadership was exhibited when we look at the different patterns of leadership that were present. Prior to Lafley taking over as CEO, P&G had lost the largest amount of profits in their history in the shortest amount of time. The company had moral issues and an overall downward spiral on their hands. However, all of this quickly changed once Lafley stepped...
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...My Leadership Profile Deepak Lal Jack Welch Management Institute Dr. Jamie Chesler JWI 510: Leading in the 21st Century April 24, 2016 Executive Summary All leadership styles are unique and executed via a well-thought out process. This paper reviews the leadership and managerial opportunities I have had in my recent work experiences. The experiences mentioned in this paper range from my first work engagement to the current role I am assigned as a Senior Financial Analyst. There are examples which explain the aspects that have impacted my leadership skills. This paper also examines the possibilities of inventing a unique leadership style that will align with Jack Welch's four principles and eight Rules. Furthermore, it provides the recommendations that will help develop my existing strengths based on my previous challenges as a leader and based on the DiSC Assessment. Finally, this paper will outline plans which could help lower the risk of team dysfunction and provide a means to measure the rate of growth. Support will be included from the weekly readings, including Jack Welch's (2005) book, "Winning", my "DiSC Assessment Profile" (2016), "The Five Dysfunctions of the Team" by Lencioni (2002) and other suggested readings. Introduction I want to begin with a question: How could I have done things differently that could help my company win? Welch (2005) reasons that when companies win, people thrive and grow, which opens up opportunities for more jobs and resources...
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...| | | Corporate Leadership has evolved in the 21st century with its primary focus being customer service and satisfaction. According to the Harvard Business Review, “during the last half of the 20th century, business leadership became an elite profession, dominated by managers who ruled their enterprises from the top down.. Executives were motivated by power, status and money at the expense of the customer and employees. Hierarchical control of the decision-making process resulted in people losing trust in the ability of their leaders to build businesses dedicated to serving the customer. Instead, executives served their financial interests and those of the shareholders. Customers and employees rarely factored into the equation. Ken Olsen, the founder and CEO of Digital Equipment Corporation, was a visionary in many ways. i The products Digital Equipment Corporation produced set the stage for what exists in the computing world today. DEC was a pioneer in computer networking. Digital’s Alta Vista Internet search engine was 30 years ahead of its time, and the VAX minicomputer brought computing out of the large data centers and into the business. Under Ken’s watch, Digital Equipment Corporation grew to $14 Billion in sales and employed 120,000 people, second only to IBM. Ken integrated his personal values and developed a set of principles that he practiced while at the helm of DEC. At the core of Ken’s leadership style were his belief in integrity...
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...MARKETING MANAGEMENT LIFEBUOY CASE STUDY Davide Schirinzi #2458 Marketing Management - Lifebuoy Case Study 1. How is the concept of PLC useful? The concept of PLC is not just useful but crucial for the success of every product. By understanding it, the firm can be able to catch every significant signal of transaction from a phase of the products’ life cycle to another one, and therefore be ready to exploit the maximum from every following step as well as being able to anticipate and prepare the brand for its “after life” cycle. HUL and HLL managed perfectly the lifecycle of Lifebuoy being able to become market leaders since the introduction, keep the leadership during the growth and the maturity, and prevent the decline by reinventing Lifebuoy in an unmatched challenge lasted over 100 years. 2. How did Lifebuoy strategies in the early stages enabled the brand to become a leader? The success of Lifebuoy is related to the perfect timing and accurate positioning that HUL did. HUL understood the big opportunity of a nascent market being the first personal wash brand, during the end of the 19th Century, Rural India was bent by severe plague due to the extremely poor hygienic conditions. Lifebuoy was in fact introduced in the market as an effective disinfectant to fill that need promising customers that it kills germs and keeps the body healthy. Moreover, the 70% of the Indian population lives with less than 1$ for day, therefore the decision of selling it in the Economy segment...
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...Achieving and Maintaining Strategic Competitiveness in the 21st Century: The Role of Strategic Leadership Author(s): R. Duane Ireland and Michael A. Hitt Source: The Academy of Management Executive (1993-2005), Vol. 19, No. 4, Classic Articles from AME (Nov., 2005), pp. 63-77 Published by: Academy of Management Stable URL: http://www.jstor.org/stable/4166206 Accessed: 10-05-2015 07:37 UTC REFERENCES Linked references are available on JSTOR for this article: http://www.jstor.org/stable/4166206?seq=1&cid=pdf-reference#references_tab_contents You may need to log in to JSTOR to access the linked references. Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://www.jstor.org/page/ info/about/policies/terms.jsp JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Academy of Management is collaborating with JSTOR to digitize, preserve and extend access to The Academy of Management Executive (1993-2005). http://www.jstor.org This content downloaded from 203.101.161.82 on Sun, 10 May 2015 07:37:52 UTC All use subject to JSTOR Terms and Conditions I Academy of Management Reprinted from 1999, Vol. 13, No. 1 Executive...
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...Effective Strategies Paper Most adults today have had the pleasure of driving a Ford, or they know someone who has. Henry Ford was known as an amazing innovator. Ford's history comes with great stories of success; however the recession that started in 2000, caused the Ford Motor Company to experience some downturns. After ending his stay as President and CEO of Boeing Commercial Airplanes, Alan Mulally joined Ford Motor Company and helped change its path towards bankruptcy. This study will describe the team-building techniques and strategies used by Alan Mulally to transform the Ford Motor Company. The research conducted on the condition the company was in when he took over and where it is today. The strategy used to establish the team and how the plan executed will be discussed. Also, the rationale will be provided for other procedures that could have utilized in a similar situation. Who Is Alan Mulally? Alan Roger Mulally was born in 1945 and is an accomplished business executive worth over twenty-three million dollars. Companies look to him for innovative ideas that will get them going again. After college, he decided to join the Boeing organization as an engineer. Here, he was able to contribute to the different Boeing models; including the 777 project. He eventually moved up within his department due to his incredible contributions. According to "Ex-Ford Ceo Alan Mulally Joins Google’s Board Of Directors" (2013-2015), "Notes that from March 2001 to September 2006, Mr. Mulally...
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...Jack Welch Management Institute JWI 510 Leadership in the 21st Century 10/23/2015 Abstract In this paper, I will discuss my leadership profile in depth. This will include my experiences and aspirations. I will address how these experiences have impacted be as a leader. Next I will discuss my Leadership strengths and how I plan on augmenting them going forward. I will also detail how Than I will detail my areas of Leadership in need of improvement, and provide a clear-cut action plan for improving these specific areas. With both my areas of strengths and areas in need of improvement, I will discuss how it directly is connected to my DISC profile and emotional intelligence. Following will be a conclusion of what is written in the body of this essay. Introduction ¨Ensure that everyone understands lives and breathes the organization vision, and that reward systems encourage and reinforce desired behaviors¨ (Welch, 2005, P. 843). This quote from Jack Welch's book Winning embodies the very model I have chosen to pursue my career. There has not been a single team I have been on that has won, completed or achieved a goal without every member believing in the vision. In a perfect world, every team would automatically have this installed within each member from the start. However, we do not live in a perfect, and these are concepts that have to be taught, modeled and transferred over to the next person. I took this concept and applied it to my days before entering...
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...The Transformation of the Ford Motor Company Most adults today have had the pleasure of driving a Ford, or they know someone who has. Henry Ford is known as an amazing innovator. In 1903 with $28,000 in cash, Henry Ford started the Ford Motor Company, whose automobiles changed how the world moved (FORD, 2014). Ford’s history comes with great stories of success; however the recession that started in 2000, caused the Ford Motor Company to experience some down-turns. After ending his stay as President and CEO of Boeing Commercial Airplanes, Alan Mulally joined Ford Motor Company and helped change its path towards bankruptcy. This study will describe the team-building techniques and strategies used by Alan Mulally to transform the Ford Motor Company. Research was conducted on the condition the company was in when he took over and where it is today. The strategy used to establish the team and how the strategy was executed will be discussed. Also, rationale will be provided for other strategies that could have been used in a similar situation. Who Is Alan Mulally? Alan Roger Mulally was born in 1945 and is an accomplished business executive worth over twenty-three million dollars. Companies look to him for innovative ideas that will get them going again. After college he decided to join the Boeing organization as an engineer. Here, he was able to contribute to the different Boeing models; including the 777 project. He eventually moved up within his department due to his amazing...
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...Kiara A. Holland Capella University Southwest Airlines Case Study Analysis MBA 6143: Entrepreneurial Leadership August 17, 2012 Abstract This paper analyzes Southwest Airlines Case Study. Southwest Airlines was originally incorporated to serve three cities in Texas as Air Southwest on March 15, 1967, by Rollin King and Herb Kelleher. Leadership at Southwest Airlines plays a paramount role in the success of the company. Before its role is discussed in detail though, a definition of leadership will provide a foundation for the rest of this analysis. The paper explains the Southwest Airlines company history, background of the company, the role of leadership at Southwest Airlines, how culture is displayed at the company, competitive dimensions, leadership practices of CEO, recasting the role of the CEO, and 21st century entrepreneurial leader. Keywords: 21st century entrepreneurial leader, Southwest Airlines, Leadership, CEO Company History Southwest Airlines was originally incorporated to serve three cities in Texas as Air Southwest on March 15, 1967, by Rollin King and Herb Kelleher. According to frequently-cited story, King described the concept to Kelleher over dinner by drawing on a paper napkin a triangle symbolizing the routes (Dallas, Houston, and San Antonio). Some of the incumbent airlines of the time (Braniff, Aloha Airlines, United Airlines, Trans-Texas, and...
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...to master the new conditions of life, must give way. They must, perish in the revolutionary holocaust” (Karl Marx). Marxism was created in the mid-1800s by two German philosophers named Karl Marx and Friedrich Engels. Since the beginning of the 21st century Marxism has been making a comeback due to Marxism-Leninism in Asia and Eastern Europe, different morals of the upcoming generation, and due to the fact that it is one of the key components of the Communist style government that is being introduced around the world. Marxism-Leninism was created together in 1929, which was 5 years after Lenin’s death, by Joseph Stalin. Many communist parties today imagine it...
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...infrastructure. GE operates in more than 100 countries. GE has had a few major keys to its success over the years, most notably its management style, massive size, ability to constantly adapt, and major acquisitions over the years. Throughout the 20th century, they have not only been one of the world’s biggest industrial corporations, but also a “model of management.” GE’s history with acquisitions has been very beneficial to them. Their slogan, “Imagination at Work”, is enforced in GE’s world and ideal creations: “healthymagination” and “ecoimagination.” These concepts have been leading GE’s innovative direction over the years. GE’s most influential leader Jack Welch became its CEO in 1981 and served the company for two decades. He led one of the most comprehensive strategic and organizational strong changes in GE. Known as a strict individual, his management style was firm and mostly confrontational. Managers had to commit to high targets and develop efficient ways to meet them. To evaluate how managers and divisions were doing, there was continuous performance reviews. It was mostly based on quantitative targets allowing focus and accountability. Welch also emphasized management development and career planning aiding internally developed leadership; one of GE’s key strengths. Mr. Welch reformulated GE’s business portfolio through huge exit from the extractive and manufacturing businesses and moved to areas,...
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...Current trends in Management of Agribusiness in the 21st century with respect to technology and their effects on Globalization By Christine Owondo e-mail - ch_owondo@yahoo.com Box 50685 – 00100 Nairobi -Kenya Date - 17th May, 2012 Q1. Discuss the current trends in management of Agribusiness in the 21st century with respect to technology and its effects on Globalization. The 21st century has widely been referred to as the “technology era”, largely due to changing trends in technology. New developments in agribusiness have emerged which have entirely transformed, not only the agricultural sector but the entire business environment. These include areas such as management and leadership, technology, changes in the environmental factors – ecological factors and the like. Traditionally management was viewed as an insignificant part of the organizational structure. Decision makers in the 21st century are more aware of the need to utilize resources more efficiently, both Human and non-human. In both cases there has been an improvement from the old to current. In management Managers had adopted a dictatorial rather autoritarian kind of leadership to achieve goals, mainly preferring a top down approach to work, resulting in high staff turnover and employee dissatisfaction. Decision making was less participatory. In the 21st century, the tall structure has been flattened so that bureaucracy is reduced. There is a more participatory approach to...
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...Introduction Leadership plays one of the vital roles in any organization. Emerging successful organizations are true examples of the strong leadership foundation. The term, leadership has the management scope and their communications has a tremendous effect on the performance of the employees. Eventually, this further gets identified as a strong leadership foundation to manage organization communications effectively. An effective leader is an inspiring person who focuses strategically (Richmond, 2011), analyze problems and honor customer commitments on time. Many people believe that leaders are born to be strong and influential. Good leaders are made, not born. However, anyone can be a strong leader as long as determination, open-mindedness, and optimism are learned and developed. If you have the desire and willpower, you can become an effective leader. Good leaders develop through a never ending process of self-study, education, training, and experience (Jago, 1982). To inspire your workers into higher levels of teamwork, there are certain things you must be, know, and, do. These do not come naturally, but are acquired through continual work and study. Good leaders are continually working and studying to improve their leadership skills; they are not resting on their laurels. Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent. This definition is similar to Northouse's...
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