Assingment 2 Assignment Example | Topics and Well Written Essays - 750 words

Assingment 2 - Assignment Example Transformational leaders give attention to the concerns and development needs of individual followers. A good situation when contemporary leadership strategy was used is a company that trained staff in reading and understanding its financial statements and how they directly relate to their work. Employees from all sectors were encouraged to study the company books and financial statements. This policy extension was to go hand in hand with all employees in groups and discuss what the future meant, in particular, how they related to the work that they were doing and eventually to the big picture of profitability of the organization. In this situation, leaders used several development levels and styles. First, leaders were passionate and energetic in all they did. They showed lots of care to employees and urge to see them succeed. This is evident as they take the employees in group discussion to make them understand how they work relate to the company profitability. The leaders put pass ion and energy into everything as they care about the employees and what they goals are. In this, the development levels and styles demonstrated includes; developing vision, selling vision, finding the way out and leading the charge. For instance, in this case, the transformational leadership starts with developing the vision which was to educate the employees on how their work relate to the company profitability. Developing vision is followed by selling it. The leaders took their time, energy and committed themselves to ensuring the vision is embraced and accepted by the employees. They also distributed copies of the financial statements to employees in order to ensure the vision was understood. In hand with selling activity and vision, is seeking the way forward. Most of the transformational leaders know the way and their goal is usually to urge others to follow them. The route forward is not obvious and may not be plotted in details. Therefore, transformational leaders need to ha ve a clear vision, thereafter, direction will define itself. The final development level is leading the charge. The leaders are always visible and would stand up to be considered rather than behind their group. They demonstrated by their actions and attitudes how everyone else should behave. Further, they make continued attempts to motivate and bring together their followers, constantly doing the round, soothing, listening and enthusing. The actions taken by leaders to ensuring employees understand their work relation with company profitability was very effective. The contemporary leadership approach used showed progressive ideals of collaboration and equality in the actions. The leaders are usually urged to co-exist and cooperate with subordinates instead of dictating over them. In this case, the leaders are encouraged to possess and utilize emotion and intelligence. The employees get more interested in the books and financial reports because they see how their leaders were well ac quainted with them. Moreover, contemporary leadership is mainly concern with effective leaders exhibiting emotional and social intelligence (Winkler, 2009). This ensures leaders think, focus on goal, understand employees’ emotions and are able to demonstrate common ground before rushing to act. The actions taken, that is, developing vision, selling vision, finding the way out and

How to distinguish the business from the competition Essay

How to distinguish the business from the competition - Essay Example This research will begin with the statement that when establishing a business, one has to consider short and long-term goals of the business concerned. To achieve the goals, critical analysis of the industry, should be determined. The analysis will aid in establishing competitor's weaknesses. Analysis of the competitors through daily subscription of their newsletters and approaching them as their customer help understand what they offer. It will also help to analyze the level of customer services offered. In addition, it is important to outshine the competition after analysis of the competitors. Creating a more user-friendly website is of great advantage to the business. Securing exclusive contracts with the business clients is substantial while outbidding the competitors. Through limiting competitor’s market appeal, it is possible to expand the business. The business goal is to offer efficient and effective products or services as from the beginning to enable customers to ide ntify the quality and integrity of the company. It is important to consider customer service by having a focused team. Resourcefulness and effectiveness of customer service aid in setting the business venture apart at the outset. The company should target at creating a shopping experience that is best for customers and should not compromise on the employee’s quality. It is important to address business strategies and priorities since it facilitates monetary growth.