In the face of a such challenging and dynamic environment and in order to survive and to be successful, organizations need the knowledge, ideas, energy and creativity of every employee from front line workers to the top level managers (Spreitzer, 2007). Some human resources management approaches frequently assume that higher organizational performance can be accomplished by effective teamworking and personal empowerment. So, there is no surprise that today, there has been a considerable increase in application of teamwork in organizations
The competition between businesses will ensure better quality of their goods and service they provide. Competition is well known for providing great productivity which leaders to a growth in the economy. Not only can competition improve the quality of work, it can also improve innovation. Innovation is an important quality to have in a company because it aids in keeping products and services fresh. “Economic Influence on Marketing” claims, “To keep current, your business has to adapt to changes in the industry and must always keep its eye out for innovative, cutting-edge technology and product improvements” (Bradley).
According to research done by Renn Shaw Hughner (2), customers decisions are based on perceptions and subjective feelings. First of all, it presents the value as environmentally friendly (Universalism). For example, some companies build up their image as low environmental impact and grow locally. They can deliver the message that it is environmentally safe and citizen can consume them without concern. Companies deliver the ‘’concern for safety’’ message to the customers that you should care about your family and the environment so you should do something to prevent the harm from preservatives and additives.
AT&T has adapted to this successfully by innovating their services and adding more value to customers. This early mover advantage would give sustainable benefits to the company and this is important to have in a turbulent industry. Weaknesses Being large has its fair share of weaknesses as well. AT&T has to reward its employees with more attractive remuneration packages compared to other services in order to retain them. This policy has resulted in increasing operational costs which would apparently have a detrimental impact on profit and EPS.
Introduction Numerous organizations are integrating the information technology into their supply chain management operations. In the present world, customers have become progressively demanding by setting their anticipations high for the quality of the product or the service. Also the supply chain management has realized that the advanced technology could serve the consumers with better answerability and liability. This visibility makes them maintain a tight control over the customers and stand ahead of the competitors. Information technology has extensively helped to balance the organizations production on track, repairing mistake and making reforms that provides a top quality product.
1.3: An assessment of the challenges of leadership and management practice. There are so many challenges to leadership and management to achieve their goals for organisation, The search for better and more efficient ways of utilizing people ,s knowledge and skills in providing services has become a must a handle challenges , there are a lot of challenges for every organisation face by leadership and management, so what are the profitable method used by leadership and management for that challenges to achieved their goals for an organisation . Globalization: Through globalization the organisation will search to expand for new market and to remain competitive to reduce risk and make profit and find more talent in the new market. there
2.3.1 Advantages of Transformational Leadership Given the rapid rate of change in organisations in today’s turbulent economic environment, it is crucial for leadership to be both flexible and adaptable. Given the uncertain environment within which organisations operate, the practice of transformational leadership style is vitally important as it will ensure the workforce is directed towards the future. It will also enable the workforce to think in new ways and become more creative and innovative which is imperative in todays ‘new world of work’ and digital economy within which organisations operate. Given the positive effects which this type of leadership brings on followers’, it leads to increased motivation and exceptionally performance. 2.3.2 Disadvantages of Transformational Leadership Although transformational leadership styles have consistently shown advantages not only in shaping followers and achieving the organisations end goals and/or outcomes, there are also certain limitations of transformational leadership.
The success of a company depends largely upon the engagement of its extended ecosystem of suppliers and collaborators. Technology now makes it possible for large groups to collaborate on complex tasks, such as product innovation, across functional and corporate boundaries. This kind of innovation is required to maintain sustainability. The business model must be aligned with its broader social and ecological context to create “social advantage” to strengthen the business’s sustainability. Leaders must do more than maximize profitability and must ensure the sustainability of their companies’ business models and look for opportunities to align economic and social vectors for
The accelerated advancement in technology has been well-documented over time. In recent times, driven by the momentum of connectivity and cognitive technology the nature of work is changing. Cognitive technologies and artificial intelligence are making consistent progress and growing in sophistication. This emphasizes the crucial need for Enterprises and their HR leaders to design and manage the future of work, workforces, and workplaces accordingly. Technologies such as mobility, cloud computing, web conferencing and tele-presence are powering connectivity across the globe and allowing people to work remotely.