Effects of Managerial Behaviours and Leadership Styles Essay

Effects of Managerial Behaviours and Leadership Styles - Essay Example This research will begin with the statement that the evolution of industrialization paved the way for modern management practices and the emphasis shifted from autocratic management to human relations style of management. The human resources, once considered as menial labor earned importance through their inventive and innovative ways. The next phase revolved around establishing efficient processes and systems for gaining an advantage in the market. This practice was followed by the marvels of leadership in the business domain. With time it got apparent that businesses that realized the importance of human resources and their skills grew in size and acquired a competitive advantage in the market. These businesses deliberately designed intrinsic and extrinsic rewards for their employees, in order to keep them motivated and loyal. An inquiry into the research conducted on the subject matter of motivation reveals that employees tend to value intrinsic rewards more while extrinsic ones w ith time became tertiary. Within the scope of intrinsic rewards, the decision-making practices by management and behavior of managers towards employees acquired immense importance. Those managers that can gather their teams under one objective and achieve results were valued, consequently, those who could not motivate their teams became redundant in the modern era. After going through many ups and downs organizations realized that both employee’s motivation and their sustainability depends on the decision making the ability of power players within the company. A manager or leader is entrusted to keep their subordinates motivated and actively working towards achievement of organizational goals. As a driving force within the organization poor leadership or managerial behavior can result in colossal damages. These damages can range from quantitative damages in form of monetary returns and decreased revenues to qualitative damages such as reputation in the market decreased goodwi ll and demotivated employees. Modern firms realized this threat and consequences of bad decision making; hence as a precaution, these organizations invested heavily in leadership development programs. These programs were geared towards identifying and developing incumbents into future leaders. Those who cannot only motivate their teams towards desired organizational objectives but also have the business acumen that can help them in facing future challenges. Additionally, these organizations refined their decision-making approach and practices such as mentoring; counseling and brainstorming were adopted by these organizations, in order to develop effective leaders who can take timely decisions. With the rise of a knowledge economy, visionary leaders became the scarcest commodity in the marketplace. Regardless of the product, size and prevailing market dynamics, it is proven through many case studies that effective leaders can take organizations to greater heights. These leaders have unique characteristics and attributes while their decision-making style suites the appropriate situation. Organizations these days understand that in today’s economically fragile and dynamic marketplace, poor decisions made by individuals or appalling attitude towards employees or customers can devastate an organization.

DIY garden marketing plan Essay Example | Topics and Well Written Essays - 1000 words

DIY garden marketing plan - Essay Example Most of the respondents believed that the most attractive features of these designs are the elegance and creativity that comes with their design. The designs are not just made to serve the purpose that the resultant product should serve, but they have a way of relating to nature, which makes them even more attractive for gardens. The customers also said that the deliveries were made within 24 hours apart from a few cases where there were explanations for the delays. The average rating of the designs was 4 out of five. Most of the respondentsthoughts that the designs would be more attractive if there was a way through which they could be personalised according to the specific preferences of customers. The pricing strategy of the company is notably competitive. The company strives to offer the most affordable prices by reviewing the prices of their competitors. Given the fact that the company highly depends on innovation, they choose the lowest possible prices so that they can leave their potential customers and existing customers with no option but to buy their products. In a market that is highly competitive, this strategy has been effective given the fact that the global economic crisis have affected the price sensitivity of consumers in Plymouth (Kim & Mauborgne 2015, p. 187). Furthermore, the high number of players in the recent past means that the customers have higher bargaining power within this area. This implies that the consumers will always go for the most affordable products and services available in the market. With the lower prices the company has been able to cope with the companies that were more dominant and popular even before their existence. The strategy has b een effective in winning new customers and retaining the already existing ones. Given the fact that the business organisation is based in Plymouth, the most appropriate way through which the products can get to the customers is by road.