Cultural Dimensions of Leadership
February 12, 2025
When individuals with a common interest, goal, attitude, need and perception come together, a team is formed. Individuals need to come and work together to form a team for the accomplishment of complicated tasks. In a team, all team members contribute equally and strive hard to achieve the team’s objective which should be predefined. In […]
Practically business ethics at the workplace connotes an alignment between what the organization values and how to go about it. It means that the all the day to day operations or activities carried out by employees are in tandem with the organizational policies without any deviations. There are however lots of myths that surround business […]
In the previous article, we have already studied how expected and unexpected losses are calculated using statistical techniques. However, there are certain events and their associated credit risks which are not captured by the analyses mentioned above. In order to include them in the calculation, another technique called stress testing is used. In this article, […]
Insurance is one of the most regulated industries in the world. Also, there are multiple players which offer every type of insurance. As a result, the competitive pressures are very high. This ensures that the insurance companies are not able to charge exorbitant premiums. Almost every insurance company across the world is a price taker […]
Global Businesses operate in an international environment that is volatile, unpredictable, uncertain, and accelerated. The term VUCA or Volatility, Uncertainty, Complexity, and Ambiguity is used to describe to the global environment in which multinational firms operate. In addition, a PESTLE or Political, Economic, Social, Technological, Legal, and Environment framework can also be applied to understand […]
Following are the main roles of a leader in an organization:
In the top level, it is important for getting co-operation in formulation of plans and policies.
In the middle and lower level, it is required for interpretation and execution of plans and programmes framed by the top management.
Leadership can be exercised through guidance and counseling of the subordinates at the time of execution of plans.
He/She has to represent the concern at seminars, conferences, general meetings, etc.
His/Her role is to communicate the rationale of the enterprise to outside public. He/She is also representative of the own department which he leads.
A Leader is trying to co-ordinate the efforts of people towards a common purpose and thereby achieves objectives. This can be done only if he can influence and get willing co-operation and urge to accomplish the objectives.
In this regard, a leader has to invite suggestions and if possible implement them into plans and programmes of enterprise. This way, he can solicit full support of employees which results in willingness to work and thereby effectiveness in running of a concern.
A Leader can be a philosopher by utilizing his intelligence and experience and thereby guiding the employees as and when time requires.
He/She can be a guide by supervising and communicating the employees the plans and policies of top management and secure their co-operation to achieve the goals of a concern.
At times he can also play the role of a counselor by counseling and a problem-solving approach. He can listen to the problems of the employees and try to solve them.
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