Management Traits Adopted by the Managers of Malin Global - Essay Example

?Leadership and Management Malin Global This discussion paper will throw light on the various leadership and management traits adopted by the managers of Malin Global, which is a dynamic financial investment organization. The inception of the company was in 1990and like its CEO; Hugo Friennes the company is also dynamic, rich and juvenile. Leadership and Management Leadership and management are the two important keys that help a business organization to achieve success in future. In order to adapt changes, improve and accept challenges business firms must use their skills and resources effectively. “The quality of leadership, more than any one single factor, determines the success or failure of an organization” (Arizona State University, 2009). It is important to analyze and understand the different traits of leadership and management for a firm to operate with success. The trait approach of leadership helps to analyze the qualities of the business personnel’s. It the recent era business affairs change often, so the managers must keep clear perceptions and visions for the future actions to be implemented in an organization. A good leader in a business firm must have five important traits in him; these are self confidence, intelligence, integrity, determination and sociability. The other theory for leadership is the style theory. The different leadership styles are ‘authority compliance style’, ‘country club management style’, ‘impoverished management style’, ‘team management style’ and middle-of -the-road-management’ (Bush, 2010). An organization can also be operated with variable types of management methods. These types are autocratic, democratic, participative and Laissez Fair in features. The management style of Malin Global is autocratic in nature. Hugo Freinnes the CEO of the company undertakes the primary decisions of the firm by himself. Hogo had set up the satellite operation in 2010, this operation helped to facilitate its tasks in New York. However in order to successfully run the business Hugo decided to move to New York for two years. Marina Guedeline was appointed by Hugo to head the operations in the London office. He did not take the opinion of the other employees for this task. Thus, Malin Global had an autocratic form of management style. However, Marina desired to run operations by both participative and democratic pattern. She appointed various workers in the company like Li Piung Ho, Agneta Solvig etc to accomplish the jobs in the London office of Malin Global. At the same time, in order to conclude on business decisions, Marina took the help of other employees. Both the leaders of Malin Global, Hugo and Marina pursued efficient leadership skills. They processed the correct intelligence to analyze the changing environmental factors that could affect the business of Malin Global. They had the self confidence and determination to make changes in the business operations of Malin Global. Both of them operated the company with integrity and had the ability to instil the same values to the others. However, the sociability trait was doubted in the organization because certain workers claimed that the company is a male dominated organization and some officials were not ready to work under female heads. The success of a business firm depends on its management skills. A business firm should follow democratic principles than autocracy in it. The employees should be allowed to innovate and participate in different projects in an organization but the officials and seniors of the association must be respect and obey. Discrimination in terms of caste, creed, religion or sex must be strictly prohibited in an organization. Motivation in Business Motivation is a physiological characteristic feature that helps an entity to execute its tasks and achieve the desired goals. The primary driving force of an organization is motivation of the employees. If the employees of an organization are not well coordinated and motivated to work then it would be almost difficult to accomplish any task in the business. Sometimes economists analyze motivation as the cost involved in management. Motivated workers in an organization can help in utilizing the resources in a more efficient method. The plans, programs and policies undertaken by motivated workers in an organization are a boon to the company’s progress. There always lies a difference between capacity and willingness to work. Motivation helps to bridge the gap between the capacity and willingness. Motivation in the workers helps to cut down the problems associated with absenteeism, grievances and indiscipline’s in an organization. The best result of motivation in workers is the rise in productivity of the firm. New inventions can only be initiated in an organization if the employees are interested and serious towards their jobs. It is also estimated that the motivated workers in an organization are less reluctant to adopt organizational changes. Finally a business firm that provides several opportunities to its workers express a better image of itself to the employees and the market. In the business of Malin Global, Hugo found that Marina worked excellently and generated high returns on investments (ROI) in the business of London. In order to further motivate Marina’s work, Hugo provided Marina with a power to appoint some new traders in the business. These workers were supposed to assist Marina in job and help her out in the difficulties upcoming in the organization. This authority allotted by Hugo to Marina was an excellent example of motivational promotion in Malin Global. This motivated Marina to recruit a campaign with mostly women and minorities, in order to change the caste system in the organization. Marina was not only keen in achieving ROI for Malin Global but also looked into the problems faced by the employees. When Emily one of the young employees was victimized by a sexual harassment, Marina deliberately insisted her to dirge a complaint against the offenders. This affability is very important to win over the employees trust in the long run. Companies like Ford, P&G, Mercedes etc conduct an annual employee award that provides incentives and benefits to the employees who perform with their best efforts in the whole financial year (Banham, 2002). Companies also provide special leave allowances to the employees who work efficiently. Corporate companies also arrange free trips for the employees to encourage them to work efficiently in the organization. Discriminations in an Organization Malin Global was claimed as a ‘testosterone driven’, male dominated organization. Although Marina was an efficient head of the London office of Malin Global but it is found from the discussion that many employees were not ready to work under a boss who was a lady. Emily who was one of the pretty young workers of the company, was emotionally shuddered on an incident of sexual harassment, of which she was victimized. The accused were the two booming efficient staffs of the company. James and Anton were the two employees who were blamed to be the offenders of the case. This type of an incident is extremely harmful for the future of an organization. It is analyzed by the scholars that some sort of sexual harassment is endemic in many organizations but they are often concealed. The senior authorities of an organization often try to obscure such an event to protect the reputation of the organization. This type of an event demotivates the workers and reduces their efficiency in work. No one desires to work in an organization that may hurt their honour and respect. Such problems in an organization impede the trust of the workers. An air of mistrust can drastically downtrodden the success of an organization. Agneta Solvig an employee appointed by Marina, was found not to attend office because she was not ready to work under female superiors. Such problems in an organization regarding caste, creed and sex prejudice are costly and the failure associated by it is difficult to quantify. An event of ethical misconduct in an organization may make the company loose the best of its employees. The current market is highly competitive in nature. Such predicaments in an organization will make it loose its value among the consumers and place it behind in the competition in long run (Renz, 2010). Remedies A company should pursue ethical values in its operations in order to achieve long run success. The Department and Primary Industries are continuously incorporating ways to preserve depletion of environment and sustainability in business operations. Figure 1: Old Structure of Malin Global (Source: Case Study) Figure 2: New Structure of Malin Global (Source: Case Study) Malin Global needs to have a human resource department that would look into the micro matters of the employees. Any action of misbehaviour may be tacked by this segment of the company. In the discussion it was found that Marina was the only officer who wanted Emily to fight for the assault. Human resource officers in an organization are the people whose principal task is to protect the honour and respect of the employees. If any employee is found to violate a particular rule or code of ethics in an organization like James and Anton then they would be strictly penalized by the human resource department of the corporation. Increasing the revenue is not the only achievable task for a company. Leadership and management principles should be such that it may easily upkeep the economic and social integrity of an organization. Malin Global may also introduce a fixed equitable ratio for both genders to operate the different business segments (Shaw, 2010). Reference List Arizona State University, 2009. The role of leadership and management skills. Michigan: Pro Quest LLC. Banham, R., 2002. The ford century: ford motor company and the innovations that shaped the world. New York City: Artisan. Bush, T., 2010. Theories of educational leadership and management. Los Angeles: SAGE Renz, D. O., 2010. The jossey-bass handbook of non-profit leadership and management. New Jersey: John Wiley & Sons Shaw, W. H., 2010. Business ethics: A textbook with cases: A textbook with cases. Connecticut: Cengage Learning. Read More