Changing of a Leadership Style - Essay Example

it applies a strategy of the leaders inspiring the employees of the organization with the shared vision of the organization, and the need to achieve this (Phillips, 184). This leadership style entails implementing new ideas, with the leaders as the best example of such new idea adoption. The training on this type of leadership should be introduced to the leaders of the company within the first 4 months, after which the phase of implementation of the new leadership style follows in the next 8 months.

To address the challenge of change resistance by the leaders of the company, a performance-based evaluation should be introduced in the organization within the first 6 months of new company leadership, where the leaders failing to address the required changes in their areas are replaced with others. To motivate the company employees, while attracting and retaining the more talented employees, an employee motivation program should be established in the organization, within 4 months of the new CEO joining the company. The motivation program should entail cash rewards, training, and development as well as promotion of the employees whose performance exceeds the set targets (Phillips, 1847).

In addressing the challenge of reduced profits for the company, a change in the type of products manufactured by the company should be introduced, where the products that are not profitable are scrapped off and replaced with newly developed products, generated by the R&D department of the organization (Phillips, 193). Facing off the old and non-profitable products and their replacement with new products should be implemented within the first 12 months of the introduction of new leadership. Additionally, strategies for minimizing the costs of production should be sought, with the COO leading a team of researchers to investigate the appropriate production systems and processes that should be installed to reduce costs (Phillips, 188). The whole process of investigating and installing the new systems should be implemented by the end of one year of the new CEO joins the company.

Due to the observed growth in the global market for the products that the company produces, then, the company should strategize to take the advantage of this. As the market for products increases in the market, the demand for such products also rises (Phillips, 195). Thus, to serve the increased demand for the products that the company produces, the rate and quantity of production should be increased to match the rise in demand. In this respect, the marketing manager should lead a team in studying the actual market demand for the company’s products. This should be followed by an increased production to meet such demand, implemented within one year of the organization's leadership change.