Wednesday, February 26, 2020

Leadership dyad outline Essay Example | Topics and Well Written Essays - 500 words

Leadership dyad outline - Essay Example Bringing changes in the organizations is a basic need to expand the business activities by adopting new ways and strategies. An effective leader is also an innovative leader. Some researchers suggest that the Consideration structure of the leadership styles should be strong by comparing to the initiative structures. The consideration is strongly correlated to the job satisfaction criteria. Walter and Humphrey conducted a research on emotional intelligence and leadership styles to know the effective and performance based leaders’ emergence within the organizations. The result of the research shows that the emergence leadership style 100% effects on the emotional intelligence of the leaders. The effective behavior of the leaders influences 81% on the emotional intelligence. The effectiveness of the leadership influence 87.5% to the emotional intelligence. The research findings present a true picture of the emotional intelligent and its impacts on other variables. It is also included that the role of emotional competencies is important for leadership emergences to perform efficiently through effective strategies implementations. All the leaders are hardworking to perform efficiently. The leaders who have a few skills or not well educated, are called ineffective leaders. The qualities of decision-making choices differentiate the types of ineffective to effective leaders. The effective leaders are sensors, intuitivists, thinkers, feelers, extraverts, introverts, judgers, and the

Monday, February 10, 2020

What changes have enabled Michael Porter to see Procurement Essay

What changes have enabled Michael Porter to see Procurement (Purchasing) in a more strategic light - Essay Example Porter explains when a unique product is produced; a firm could have the advantage to set premium price for it, calling it as a differentiation advantage. In addition, he wants to point out there is competitive advantage earned when a firm could produce existing similar product offerings, but at lower cost. He calls this cost advantage. Today, most, if not all, firms require outsourcing almost everything just in order to provide or come up with service or product offerings. This can be clearly elaborated in the value chain, which at the bottom line, one would be able to realize the associated cost generated in production of certain product or service. In order to achieve cost advantage as Porter defines, it is therefore important to at least minimize or cut cost in order to produce offerings that would have competitive price. Procurement or purchasing is an important component in Michael Porter’s value chain model. In this model, he originally identifies procurement to be just a support activity. However, recently, he emphasises the potential strategic contribution of procurement to shared value, as published in the Harvard Business Review. Concerning Porter’s recent claim, this paper tries to present the existing trend to justify whether opportunities for purchasing to contribute more strategically have increased, and how it might have addressed relevant matters in the difficult economic conditions facing organisations today. Significant trending Purchasing together with its strategic importance has long been remarkably considered, but there was actually less appreciation of it when it comes to what it can actually do with business performance. Concerning this issue, a study with empirical analysis conducted on 141 industrial companies reveals interaction among purchasing efficacy (purchasing strategic objectives and capabilities) and strategic integration of purchasing (between business strategy and purchasing strategic objectives) (Benito, 2007 , p.901). Today, one essential point of understanding the actual strategic importance of purchasing can be viewed within the context of its actual contribution to business performance. So this goes with finding interesting stuffs about the likelihood of its contribution to creation of profit, customer satisfaction, increase market share and more. After all, business performance might include different metrics that could help measure and as bases of actual business growth. Regarding this, it has become a considerable point to constantly investigate purchasing using various empirical researches just to be able to quantify its actual significance as a strategic function. A recent study conducted to investigate the empirical contribution of purchasing and supply management (PSM) to the company’s success generated a substantial result based on the information gathered from the international survey of 306 major companies from eight industry sectors (Hartmann et al., 2012, p.22). Th e study showcases empirical evidence leading to the point PSM has remarkable contribution to the company success. The contributed value was found to be mediated by three operational performances such as cost, quality and innovation (Hartmann et al., 2012, p.22). PSM, increasingly regarded by senior management to strategically influence operational performance and financial performance, however, was found to still require external survey methodology that complements the internal perceptional measures of PSM performance, and a comprehensive performance measurement framework