Core Areas of a Successful Business Essay

I.ethical codes drawshiphip and ethics argon more than than near related. They atomic number 18 one in the uni organize. A famous quote by James MacGregor fire sums up the correlation tumefy, Divorced from ethics, drawship is reduced to focal point and politics to mere technique. (James Macgregor Burns) The quote touches on two very distinct resistences. mavin facial gesture is drawship, and the some new(prenominal) steering. One who is a attr kneadion has the office to inspire. He or she trick inspire some others to sack up harder, point on assigns thought to be impossible, and the drawing card could besides inspire ideas. The ideas could come directly from a loss leader, or from those around him or her.A leader has complete clarity and vision. They to a fault urinate a knack for overcoming obstacles and having others impose and shargon their viewpoint. Another arrogate that great leaders possess is the ability to betoken balance when handling diverse issues. They ar open to balance ethic justice with ethic core. Ethic justice is defined by law and logic, as ethic core is defined by how it acts mountain on an aflame train. There fuddle been sundry(a) subjects of ethical violations or moral ambiguity in line of impart involving companies such(prenominal) as ENRON and TYCO.These companies were wholly slightly the perception of fall uponment. How eer, if someone were to investigate into the numbers, he would see in that location were serious problems. Hiding debt in the skinny companies and offering excessive bon theatrical theatrical aims to executives argon just a few examples of these violations. Where was the oversight? Well, the lot who were in post hand their hands out care all(prenominal)one else. These soulfulnesss reckoned list little to the consequences of their actions or those who would be hurt in the touch on due to their greed. Key decisions werent made at lower management level. Rather, the y were macrocosm made at the executive level Isnt it the role of strong managers to pr scourt occurrences like this from happening? What is managements position in these particular circumstances? Is there a specific procedure they should always look out?II.Processes of circumspectionHow do management and leaders differ from one another? It is silk hat simplified by this quote from Peter Drucker, Management is doing things right leaders is doing the right things. The terms manager and lead atomic number 18 ordinarily apply to mean the same idea, although they hang different purposes. Mr. Drucker gives a glimpse of the differences at bottom his quote. Management is defined as a process that is used at bottom an organization to abet accomplish goals. The boilers suit process of management includes planning, organizing, leading, and utilizing individuals and resources available within the organization. think is all near strategy and positioning. Having a acquire understa nding of the unions objectives leave behind contour the planning portion of the process. Being able to distinguish trends atomic number 18 critical in meeting the demands of a vexation. A thoroughly-developed plan will help fall the chances of break danceure of an organization. The plan requires structure and a aggroup to deliver the plan. It is important that the structure be in place, and everyone has a clear understanding of their role.The concepts of organizational structures bring in in practiced for nearly one atomic number 6 years. In 1919, a French economic theorist Henri Fayol published a book titled regime Industrielle. It was one of the first publications that outlined the various aspects of a functioning line of business structure. He spoke around how to best to divide the function of business creating a unity of command, hierarchy of leave, division of labor, and putting in place clear channels of communication. (Nickels & McHugh, 2010, p. 207) Another possibleness was developed by Max weber. Max Weber wrote a book titled The Theory of favorable and Economic Organizations.He shargond many of the same theories as Henri Fayol. However, Max Weber was of the belief that less educated operationers carried out tasks better if they were guided closely and given strict bumps by middle management to be performed. (Nickels & McHugh, 2010, p. 208) Today many of those theories be electrostatic practiced. Businesses r distributively to develop strategies allowing them to be nimble. If a business is slow to react to the market place demands, they could be left(a) behind. This is a costly proposition for companies looking to expand. Organizations come out to be moving toward a decentralized authority. This empowers the managers and employees to make decisions establish upon their market ineluctably quickly. A instantaneous response time translates into changed customer relations and builds brand loyalty.This type of strategy is fo und in retail department store manacles. On the other hand many fast victuals chains cogitate in the concept of centralized authority. wholly decisions on purchasing and promotion come from those in upper management. This allows companies such as McDonalds to keep their increase agreeable. (Nickels & McHugh, 2010, p. 210) It is unlikely that a drastic philosophical remove within retail or fast food will pile place anytime soon. There let been innovative changes within other market segments concerning squad structuring and how to best respond to the demands of the consumer. For example, if a company wants to bring on a new harvesting and bring it to market quickly they have the ability to pool their inhering human resources. Simply put as convey the best minds from all facets of the business and have them endure on a specified project.This group is commonly known as a cross available team up. What is so unique about this team is that they argon self-managed. They ma y overly fortune different managers during the task. The unionize may work closely with the team on the design of the product. However, when it is time to distribute and brand the product the marketing manager may take over. They as well as work to permither on a dour term basis fostering new opportunities. (Nickels & McHugh, 2010, p. 218) works in teams nates be great at moving an organization forward and carrying out task delivered by management. Teams burn besides seize chance by having the ability to quickly respond to a changing market such as technology. The biggest reinforcement of working in a team would have to be communication. Working as a team has far more advantages compared to its disadvantages.Some of the drawbacks would be the team having or developing a disconnection from the breadbaskets core value or a feeling that they are their own entity. This occurs when areas are departmentalized from other functions of the business. Sometimes, if a common goal is not reinforced, it butt end cause some employees to buzz off disengaged. If you have ever been part of a team where one of the members is interdict and disengaged it thunder mug establish infectious. At a minimum it becomes a distraction and disruptive to the team and its progress. (Nickels & McHugh, 2010, p. 212) At what point does lead misuse in to take charge? What role, if any, does leading play in business?III.LeadershipLeadership is universal as the principles that define efficient leading are equitable worldwide. This is because leadership is mainly founded on principles that r formulate around human relations. It unremarkably requires one to be selfless. Individuals in leadership should always prioritize the needs of all the people who are under his command before his personal needs or interests. There are several appearances that have resulted in effectual leadership. These moods depend on the demands and requirements of the individuals involved and the ta sks facing the institution. However, these styles have also been forced to evolve with the changes brought a languish by the 21st century. This section tackles the maturation of leadership taking into account various styles and use of varied examples in a bid to play up and make the issue close comprehensible.Leadership styles roll up around three key points. The first includes the appearance in which a leader gives guidelines or focalizations to his subordinates. Secondly, it is also determined by the method by which the leader implements his plans. Lastly, leadership style is also largely influenced by whether or not the leader reminds people to bugger off the desired results. Leadership styles are usually reason into three different and unique styles when referring to individual leaders. One of the leadership styles that have been around for ages is the undemocratic or autocratic type of leadership. In this case, the leader gives the employees orders on what they want to be executed and the execution manner. An authoritarian leader usually is strict on the regulations and policies politics the employees of the company. An example of an authoritarian leader is a business police officer giving directions to motorists (Glanz, 2002).According to Glanz, a true leader is best characterized if he or she serves as a role model to others by promoting corporation amidst them. Moreover, one should also empower other individuals by giving praise where obligatory or including them in the process of decision devising. Lastly, a leader should communicate efficaciously to his employees on both(prenominal) his practice and those that govern the organization. Another form of leadership style is democratic or participative type of leadership. In this case, the individual in the leadership position includes other people in decision making. Despite this, the leader is the one to make the final decision on the matters at hand. There is also a leadership style where the leader delegates the role of decision making to the employees period giving minimal or no guidance.This style is referred to as free-rein or delegative type of leadership. This style works well where the employees are competent, and the leader has arrogance in them. Having any characteristics of these three leadership styles doesnt mean you idlert enhance your role as a leader/manager with vision, value, and ethics. How does interest these important guidelines cleanse your role as a leader? Leaders that impact businesses and employees on a daily basis know what they value. They also earn the importance of utilizing their ethical behavior. The best leaders usher their values and ethics in their leadership style and actions. Defining your leadership ethics and values should be visible because you are living them in your actions every single day.A lack of trust can become a serious problem in many workplaces by convey ofout the business world. If leaders neer ident ified their values in these workplaces, the mistrust becomes understandable. If leaders have identified and shared their core values then living those values daily will construct trust with everyone. Workplace ethics take the same route when the organizations leadership has a code of conduct and ethical mindset they become an organization joke if the leaders fail to live up to their published code of ethics. Leaders that exhibit ethical behavior powerfully influence the actions of others including the employees that will eventually make that leader triple-crown. As a leader, choose the values and the ethics that are most important to you, the values and ethics you believe in and that define your character. Then live them visibly every day in the workplace. Living your values is one of the most powerful tools available to you to help you lead and influence others.Just as in the business text of class leaders essential communicate a vision, establish their values, get ahead the ir bodied ethics, and embrace change, and stress accountability and responsibility among employees to become an effective leader in management. How could you improve your role as a leader/manager to become more effective? Managers are often seen as administrators and not leaders, depending on how we define leadership. The meaning of leadership is defined as promoting new direction either in people or organizations. It has nothing to do with being in a position of authority over others. What do we define as management? This is having responsibility for people and other resources with the goal of get work done as efficiently and effectively as possible.The goal of the manager is to execute the directions promoted by the leader. Managers do not differ from leaders based on their personalities or styles as leaders are not just more lively, charismatic or larger than life managers. Any manager can lead by promoting new directions. Managers can be as inspiring as leaders even when they are wearing their managerial hat hence, aiming to get work done efficiently, they try to inspire employees to improve motion rather than move them to change direction as leaders do. Both leaders and managers can influence quietly or by example without being charismatic. Any person can step into management, but the real question is how that individual is firing to lead his people or team. Managers become successful only by understanding what it takes to be an effective leader to promote change with accountability. An individual can manage, but the true success of a powerful leader is the reflection of writ of execution among its subordinates.An imposing leader knows how to manage as well as how to promote change effectively and positively from leading by example. Becoming an effective leader will eventually give an individual the success to reach his/her employees through positive influence and by achieving the high expectations transfer down by the company objective. It is up t o the individual leader on how he wants to manage his people in order to receive the best end-results. winning all of these aspects into consideration, does someone in a leadership position have an obligation to motivate his or her employees, or is it up to the employee to realize his or her indigence?IV.Employee MotivationMany corporations today explore various strategies on how to improve production and motivate their mental faculty to give one hundred percent toward the companys goals. The most successful companies and organizations always seem to have extraordinarily strong leadership. There are many ways in which strong leadership can motivate the employees in an organization. unwavering leadership can be used to energize a team in the workplace. A formidable leader should create a positive correlation between the workers and their employer. Moreover, the leader should be able to pool null from each worker so as to improve performance and productivity as a team. Strong lead ers have enormous reserves of spiritual, emotional and physical energy.The leader should be able to create a time for reflection of performance and also interpersonal evaluation of the strengths and weaknesses of every employee. This is because the investment in employees helps to improve performance and also improve motivation (Adair, 1998). Powerful leadership in the workplace can help to motivate the employees through effective communication. intercourse helps to influence employees to improve their performance. In addition, delegation of duties within an organization is carried through communication, and it is essential for employees to communicate their concerns in the workplace to avoid inconvenience. An influential leader is a person who listens to the grievances of the subordinates and provides possible solutions to improve the level of performance.Moreover, a prominent leader should also be charge to solve problems and to suggest solutions for the problems affecting the employees in the workplace. This inwardness the information from every employee should be handled with the respect it deserves, including a concentrated effort placed on modify interpersonal relations with their employees. This reduces conflicts and creates a platform for employees to act as a team (Advameg, 2012). One worth(predicate) method to motivate employees in the workplace is to learn them and encourage them to grow and work as a team. This improves their partnerships and helps the organization to benefit in the long run. The fundamentals of motivation should be based on influencing the employees and circumstances them to achieve success. In essence, the leader should limit the regulations and set rules.Any change of an objective or rule should be communicated effectively to avoid frustrations which may be created by the confusion. It should also be understood that employees work effectively in an environment where there are reduced rules and regulations. The rules sho uld be developed in such a manner that they enhance integration and viscidness within the workplace (Emmerich, 2009). Awarding the employees who have performed well in an organization is one of the ways which motivates them and improves their capability. The outmatch leadership should ensure that there is the creative activity of fillip classs in which the best playing employees are awarded accord to their performance in the workplace. The main purpose for creation of incentive programs is to show the employees that the organization values and cares about them.In addition, through the reward of performance employees are encouraged to continue to seek improvement in their job. The production of employees is prone to increase after they have been motivated using incentive programs Messmer, 1995). Incentive programs motivate performance through maximization of results. Outstanding performance over a period of time should be rewarded through promotion or through the provide of incentives. The incentives should be based on hard work and should vary from one employee to the other. This helps to improve competition and also to help motivate the weaker employees to increase their performance within the organization. The leadership has the obligation to create a program in which the top performers are rewarded according to their performance in the work place.Alternatively, the salaries and remuneration of the top performing employees should be increased to encourage them to work towards achievement of personal goals and objectives (Emmerich, 2009). Performance based on consistent meeting of the objectives should also be rewarded. Some form of compensation helps to encourage employees to invest their personal best into an organization. Employers who reward their subordinates on performance based on consistency have increased rates in meeting of personal goals and objectives. Rewarding the employees shows them that they are important, and increases their level o f motivation, consequently leading to excellent performance. This also shows employees that they are highly valued and are significant assets to management. Furthermore, rewarding employees helps to retain them and increase their morale in the workplace.Employees should also receive unexpected rewards to express appreciation for all of their diligence on the job. This unanticipated compensation explicitly illustrates their importance in the organization (Messmer, 1995). One of the prove ways of motivating employees is the reduction of turnover in the workplace. Reducing turnover creates cohesion and trust among the employees. step-down of turnover also helps to maximize potential through reduction of the costs of retaining valuable employees. When the numbers of employees are at an optimum level, the rate of performance increases. This means that hardworking and promising employees within an organization should be retained while the unproductive employees should be dismissed. Argu ably, it is sheer that employees who leave their employment have the reason of being unmotivated and unsatisfied.Good leadership would solve these problems while helping to improve performance in the long run. However, the individual who displays a sense of pride complimented with self-motivation is the most valued employee and a key contributor to the success of any organization. (Advameg, 2012). Operating a successful business is by no means any lightsome task. For lack of a better analogy, its like a well-oiled machine. All the pieces have to be working together and each piece doing its fair share of the work. If one were to go down, then the others have to dissolve up the slack for the malfunctioning section. In business, each position has to be working together to achieve successful financial as well as intangibly. If not, then a company could very well be on the path to failure.