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Business management – management of a business – includes all aspects of overseeing and supervising business operations. Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a ...
Strategic leadership filters the applicable information, creating an environment where learning can take place. Strategic leadership is a combined responsibility of the leader, the follower, and the organization. Leadership presents challenges that call forth the best in people, and bring them together around a shared sense of purpose.
The authoritarian leadership style, for example, is approved in periods of crisis but fails to win the "hearts and minds" of followers in day-to-day management; the democratic leadership style is more adequate in situations that require consensus building; finally, the laissez-faire leadership style is appreciated for the degree of freedom it ...
Large corporates and management institutes conduct management-development programmes [8] (MDP) [9] [10] in order to enable current and prospective managers to develop an understanding of management concepts, practices, approaches and perspectives. The participants receive an immersive learning experience, are encouraged to provide insights on ...
Barnard observes that "cooperation, not leadership, is the creative process; but leadership is the indispensable fulminator of its forces." [1]: 259 [17]: 166 In turn, morality is critical to leadership: "organizations endure… in proportion to the breadth of the morality by which they are governed." [1]: 282 [5]: 82
The manager believes that involving everyone and making the team take ownership will result in the best decisions made. The main disadvantage of this style is that it is time-consuming, and sometimes the majority decision is not the best decision for the business entity, in which case, the manager should take control of the final choice. [6]
The Functional theory of leadership emphasizes how an organization or task is being led rather than who has been formally assigned a leadership role. In the functional leadership model, leadership does not rest with one person but rests on a set of behaviors by the group that gets things done. Any group member can perform these behaviors so ...
Capability Management is the active management, over time, of the portfolio of capabilities in a firm – their development and depreciation in conscious response to changes in the business environment. Capability management is an approach that uses the organization's customer value proposition to establish performance goals for capabilities ...
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