Evaluation of Leadership and Management of Strategic Change - Assignment Example

Leadership and Management of Strategic Change Contents Introduction 3 Company Profile 3 Evaluation of Leadership and Management of Strategic Change 4Literature Review 7 Recommendation and Conclusion 8 Introduction Leadership can be described as the power of influence by which people can support one person to do a common task. A leader guides or direct people to achieve common goal. This is an activity to lead a group within the organization. The primary function of leadership is to establish a clear vision, sharing the vision with the team members, providing proper information and knowledge to achieve those visions, coordinate with team members and trying to solve the conflicts of interests within the members of the organization. On the other hand management of strategic change is an important concern in the modern business scenario. Economic and technological changes in the past decade comply to change the business activities. New ideas should be generated by management of the company to change the business activities in a strategic way. Such practices which are not updated have to be removed and business activities should be redirected to cope with the changes of economy, technology, international competition and global market. Leadership quality is very much important to make some strategic changes within the organization. A good leadership quality is to predict the situation and future condition of the business. So a good leader always capable to see the future scenario and according to that scenario he make strategies so that the business will not face any kind of difficult challenges in near future. Leadership and management of the company are mainly responsible to bring a good strategic change for the better position of the company. Company Profile Mannai Corporation is one of the oldest companies in Qatar. It is the largest service and trading company in that country. In the year 2010 it celebrated its 60th anniversary in a successful way. At the time of launching the business it was an auto part trader and later the business grew with numerous activities. It has two main key activities which are trade and services. These activities include sale of wide range of vehicle [small car to luxury passenger vehicle, used cars, commercial vehicle etc.]; sale, repair, hire and servicing of heavy equipments which are used in industrial and construction sector; sale of home appliances and electronic goods, provide services in case of information technology, manufacturing medical equipments, supply building materials and industrial chemicals and also act as an agent who successfully provide air travel services in the country. The vision of the company is to become a dependable business partner in the country with value added and exceptional services. Mission is to create a unique work environment to attract extraordinary and talented professionals who will try to place this company at number one position in the selected market. The company wants to make a transparent relationship with all the related parties such as suppliers, customers, government, competitors and society at large. Evaluation of Leadership and Management of Strategic Change The management of Mannai Corporation thinks that every employee in this organization is a creative leader. They set a standard for themselves and try to reach at that level within very short span of time. The management treats every employee equally with integrity and fairness. Leadership quality also includes share of ideas, information and experiences. Leaders inspire and motivate employees to achieve the targets and goals. Leaders of this company always look to fulfil the expectations of customers. They always focus to earn customer’s trust and loyalty which is part of strategic decision and planning. Management committed to provide highest quality customer services, standard product, after sale services and timely delivery of the product or services (Northouse, 2012). The company wants to meet the expectations of stakeholders and try to deliver them high standard of corporate governance, high amount of return from their investment and long term value. They always try to build an open partnership with the suppliers. If suppliers take part directly in the company then their interest level will be much more increased than the other suppliers and then they will try to help in the business activities from all possible aspects. Leadership of this company believes in team work with open and clear communication, equal participation and proportionate benefits. Leadership also wants to contribute the local economy of Qatar. As the climate is changing and global warming is increasing in these present days so the leaders of the company aims to protect and support the natural environment and also aims to protect the common interest of Qatar. Proper training and development activities of human resources are taken by the management group. The management always empowers people to take responsibility on behalf of the company and help the employees to adopt changes. The world is changing day by day with a rapid speed. If any company cannot be able to make balance with such changes then their business activities will not be updated and loose the market demand. For example it can be said that computer system has been changed in a significant way from personal computer to laptop, notebook etc (Stringham, 2012). Now if any computer manufacturing company is only producing the personal computers then it will lose its market share as the demand of personal computer is decreasing day by day and people are moving to buy modern and more advanced computer system i.e. notebook, I-pad etc. the same logic is applicable in case of Mannai Corporation. The company started its business for trading auto parts but now it expanded its operation and added more line of services. Because the leadership and the management of this company thought that if it will be limited in case of operation then growth of the business also will be limited. Various lines of businesses will generate more revenue than a single business. Mannai Corporation also updated its activities according to the need of customers and improvement of economy. Qatar’s changing foreign policy influenced the company to expand its business in the international market and gave the courage to compete with the international rivalry (Smillie and Hailey, 2001). The technology is going to more advanced in the world market and to cope with these changes Mannai Corporation established two major information technology groups. One is Networks and Telecom and another one is IT solutions. These divisions solve critical problems in data centres. Few years ago Qatar was not technologically advanced country and such kind of modern information technology was not required to run business successfully. But the scenario has been changed now. The country adopted advanced technology like the any other developing countries in the world to get the competitive advantages. The company provides improved hardware and software system, office automation, communication networks, telecommunication equipments etc (Taborda, 2011). The travel and tourism industry is improving now a day in the whole world and Qatar is not an exception in this field. The people of Qatar also love to travel other countries as tourists or for the purpose of business. To keep this requirement in mind Mannai Corporation started travel agency business and it is the leading travel agent in Qatar. It provides all the necessary travel arrangements to leisure and business markets. Mannai Trading Corporation is a blue chip company for manufacturing medical equipments over the last decade. There was a significant change in case of developing advanced medical equipment in the world and US, Germany, China take the leading part in this field. But Mannai Corporation is trying to launch such kind of improved equipments that will compete with those equipments manufactured by other countries (Morrill, 2010). Mannai has manufactured wide range of medical equipments which will give more competitive advantages in the world market. These equipments include cardiac surgery solution, dental equipments and materials, pneumatic tube system, neurosurgery and cardiac surgery solution, health care IT solutions, fitness and rehabilitation solution, surgical equipments etc. These will also help to cure complex diseases in the country based hospitals and people do not have to travel to another country for the purpose of treatment. Mannai Corporation acquired 35% stake in Axiom Limited which is US based larger mobile distributor and retailer. This company has expanded its business in many countries including Qatar and opened retail stores to sale its products in the international market. It was a strategic decision taken by the management of Mannai Corporation to acquire this stake for growth of their business as well as this will bring an international reputation in the market. This acquisition also was a step to involve in the international market from the regional market and promote other services of this company (Bush and Coleman, 2000). As per the recent statistical report this can be said that Mannai Corporation gained 51% of its total revenue from the international business through its diversified operations and services. The management maintains the economic and financial part of this company in an efficient way. HSBC Bank Middle East is generally looking the financial transaction part of this company and CEO of this bank said that Mannai Corporation is a key and valuable client for the bank and it maintained its financially stable reputation over past 50 years. The bank is very pleased to support such kind of organization for providing strategic transactions. Literature Review According to Smollan & Sayers (2009), changes within an organization can bring both positive and negative outcomes. If values of employees, their job satisfaction will be increased then turnover of the business also will be increased. So at the time of changes management and leaders of the company should focus on this point that the value of the employees will be hampered or not. If it is hampered then any kind of strategic changes will not bring success to the company. If the changes is important but conflict will arise with the interest of employees then this changes will not be adopted by the company. According to Anderson (2010), technology and other drivers in the market place have changed and altered very fast way. These changes transform the business activities from complex to simple type or from simple to complex type. Leaders should understand these transformational changes and take strategic decision regarding the way to handle such kind of situations. They should take precaution to remove change related problems within the organization. The mentality of leaders should be open to take relevant decision where transformational changes occur. Change leadership quality will help the leaders to predict the future condition and they can be able to take dynamic decision in the context of the business. According to Wootton (2010), Gandhiji has set an example of strategic leadership in the history of India. In organization strategic leadership should be taken to cope up with changes of economy, technology, environment and marketing strategy. Managers or leaders of the company should implement all the strategic planning according to the possibility and need of the customers. Strategic thinking will lead the strategic leadership and leaders should be confident about their decision, way of communication, aim and vision. Imagination, empathy and emotion, numerical thinking [this is required in case of changing economic condition of the country], verbal thinking etc are required to build a good leadership style and efficient management feature in case of strategic changes. Recommendation and Conclusion At the part of recommendation and conclusion this can be said that the company Mannai Corporation already acquired a stable position in the market of Qatar and it has enough capabilities to compete with the changing environment. The leadership and the management are enough strong to make effective strategies for the betterment of business. Apart from that few recommendations are mentioned below which will help the organization to take and maintain effective strategic planning during the time when changes will happen in the surrounding. The leadership and management should have a clear mission and vision. Leaders should look forward to anticipate the changes of future scenario [such as recession in the economy, inflation, and hike in GDP etc.] and plan strategic steps according to the situation. They have the capacity to get work done in effective and efficient way by the human resource of the company. Qatar is oil based country. So if the company will take initiative to produce refined oil from crude oil and then export this product throughout the world then revenue will be more generated and they can expand their business in the international market. As the company already has regional reputation so it is anticipated that they will get success in this new line service. Leaders of the company should always enhance the professional capabilities and self awareness about what is going to implement for the better growth of the business. They will also look that is there any side effect from this strategy when this will be implemented in the context of business. For example it can be said that the company is going to export its medical equipments in the market of US where already strong competitions are existing with more advanced medical equipments. So this kind of strategy will hamper the amount of revenue and future growth of the business. So management should focus about the result before implemented any planned strategy. Unique marketing and promotional way they can adopt to attract more customers and these marketing strategies should achieve world wide acceptance. They have to take high quality decisions and frequently asked questions to themselves regarding any said issue. They should have the good quality to dealing with conflicts. Suppose the company want to expand its business in a politically disturbed country. There employees of the company are not agree to go during such disturbances. Now the leaders have to take strategic decision to resolve this conflict and create a pleasant environment within the organization. References Bush, T. and Coleman, M. 2000. Leadership and Strategic Management in Education. New York: SAGE. Morrill, R. 2010. Strategic Leadership: Integrating Strategy and Leadership in Colleges and Universities. London: Rowman & Littlefield Publishers. Northouse, P. 2012. Leadership: Theory and Practice. New York: SAGE. Smillie, I. and Hailey, J. 2001. Managing for Change: Leadership, Strategy, and Management in Asian NGOs. London: Earthscan. Stringham, S. 2012. Strategic Leadership and Strategic Management: Leading and Managing Change on the Edge of Chaos. Indiana: iUniverse. Taborda, L. 2011. Enterprise Release Management: Agile Delivery of a Strategic Change Portfolio. London: Artech House. Read More