MD4042 Leadership Report Assignment Sample
Here’s the best sample of MD4042 Leadership Report Assignment, written by our expert.
In the modern era, every organization needs to implement an effective leadership style that may help the leaders in managing the employees of the company in an effective way. In addition to that, without an effective leadership style, the leaders and managers of the company will not be able to lead and manage the people and it harms the organizational goal of the company. There are many types of effective leadership styles such as transformational, ethical, and situation as it depends on the leaders and organizational culture of the company to select an effective style of leading and managing. In this report, the leadership style of Mukesh Ambani in Reliance Industries and the main challenge of the current business environment of the company will be described in detail.
Organizational background and challenges in the current business environment with practice
Reliance Industries is one of the most growing industries in all over the world and the company mainly deals with different kinds of products such petroleum, polyester, food, chemical, refinery oil and many more and according to the annual report of the company the consolidated turnover has increased to INR 5,39,238 crore (Ril.com. 2022). In addition to that, due to the negative impact of the Covid-19, the net percentage of consolidated turnover has declined to 18.3% in comparison to the previous year which denotes the main challenges in the business environment of Reliance Industries (Ril.com. 2022). Due to lockdown many new business opportunities have been disrupted which also affect the financial status and annual turnover of the company, Mukesh Ambani is an efficient leader of the company as one of the main approaches Mukesh Ambani to resolve the change in the business environment which provides business opportunities to the organization. The leadership style of big organizations needs to focus on implementing effective talent management, onboarding and training procedures as an effective leadership style may influence the efficiency of these processes which results in high performance of the organization (Mirza, 2018). Reliance Jio is producing top of the great value in this industry, however, due to the pandemic and other managerial issues, the industry may face some short-term challenges.
Leadership and organizational culture are two intertwined aspects of organizational operation which are extremely crucial for business management to remain competitive in the market and generate a positive profit margin. Both are shaping the organizational attitude to reflect responsiveness in tough times through monitoring the employee commitment and organizational business perspective with procurement of skill ability through quick and adapt changes in the market behaviour. The necessary changes of consumer behaviour are also important to validate business design on the right path to deliver the business outcome through consistency and resiliency to manage the business process with good public relation management. Reliance Industry Limited (RIL) is focusing on high tolerance in the leadership with risk management and exploration of professional zeal for achieving the heights in the business mission to globally operate the value chain. Leadership approaches involve the employee to collaboratively possess the organizational culture with the shared values and beliefs to interact and communicate for developing public relations for gaining consumer support for business growth. The behavioural traits, skills, abilities and delegations are useful forces that inspire and motivate the employee for productivity. Interpersonal skills with flexible interoperability and cultural competency are other leading abilities to empathize the employee with issues, development, conflicts, innovation and negotiations for defining the organizational priorities for market supremacy through trust and reliability.
Transformational leadership
Transformational leadership is best renowned for the individualized consideration and motivation for intellectual stimulation that empowers the employee within the organizational structure to validate the personal creativeness for innovative initiatives with radical transformations in the business process. Reliance Industries, one of the largest private sector companies follow transformational leadership in organizational daily operatives with high effort and skill ability to perform according to business needs. The leadership engagement within Reliance Industries is quite helpful to instil pride, value trust and respect for organizational commitment to satisfy the business goal. Apart from that, within this company, transformational leaders try to maintain ethics that support positive behaviour within the positive work culture in order to get business success. The respect towards the individual dignity and differences are minimised the conflicts in the work environment rather focus on strategic collaboration for team building and purposeful interaction for innovation. High emotional intelligence in transformational leadership enables the organizational culture to empathize the employee issues more pragmatically to endorse the business policy according to human capital. The visionary leadership under Mukesh Ambani is transforming the RIL into a global venture and business collaboration for strategically making the growth map of the company (Refer to Appendix-1). In addition to that, the hunger for ambiguity and uncertainty has driven the conglomerate to diversify the business domain and gain profit margin with consumer confidence where it believes in a customer-entered approach and trying to operate globally with increased competitiveness throughout the value chain.
The transformational leadership approach has the ability to organize the work culture in a constructive way with growing reliability towards organizational objectives to achieve success altogether through inspiration and motivation from the leaders’ behaviour and approach (Stanford and Gesner, 2019). According to the economic times report, Mukesh Ambani, Chairman of Reliance Industries shared about the importance of the leadership as leaders in the organization envision the upcoming scenarios for the Reliance Industries by engaging to increase employees’ self-confidence regarding the work activities (refer to appendix-3). Additionally, transformational leaders enhance the motivations among the employees by using Herzberg’s two-factor theory which definitely positively impact on the job performances’ of the employees.
Situational leadership Reliance Industries
Situational leadership is the multi-tasking and vibrant approach of leadership where leaders are compelled to engage in risk mitigation through interactions to resolve the situations in several different contexts in the organizational sphere to lead, manage and develop the employee for a growing business perspective. It is the best example of effective leaders who are able to move around the grid resolve issues within Reliance Industries corresponding to the situation and able to restore the glory of brand population theory employee participation. Supporting the employee through empathizing, mentoring, delegating and directing are the basic principles of situational leadership to assess and collaborate the organizational culture to grow the business competitiveness in the market for growing profit and market growth (Tortorella and Fogliatto, 2017).
Low directives and high supporting behaviour of the situational leadership is driving the employee effort for performance management and delivering the efficient skill for organizational growth and prosperity. In Reliance Industries, situational leaders help the subordinates during tasks as situational leaders manage both being supportive and directive to the team members to perform the daily operation in a concrete way to gain the consumer satisfaction. RIL possesses a culture of openness and inclusiveness to all which is greatly transforming the organizational culture through accessible, open-door and communicative leadership in organizational practice (refer to Appendix-2). Reliance Industries practices often imply employee performance where situational leadership is leading the team through personal intelligence and skills of interoperability to achieve success in organizational roles and responsibilities.
Authentic leadership
Authentic leadership in Reliance Industries is ready to capture the value of individuals through consistent effort and diligence for gaining business success through personal cognitive awareness of a competitive market and positively perform in market operation for growing opportunity to grow and secure the market (Leroy et al. 2015). It helps dynamically build the organizational culture and diversify the business through inclusiveness depending upon reliable ethics and value which psychologically reflects the leadership of accepting, acknowledging and acting according to personal perspectives of value, beliefs, preferences and emotions. Leadership within the Reliance Industries influences the team of employees through positive work relationship in managing performance and motivation, inspiring creativity and innovation, managing stress and well being of the individuals. The responsiveness in crisis and change management by the leaders essentially enhances the employee adaptability and zeal to achieving success for the growth of the company through flexible and smart modern technology to address the business issues more conveniently (Klein et al., 2013). Authentic leadership in the company is energizing the employee focus and commitment with maintaining ethical norms with respect, equality and fraternity to grow together with trust, loyalty and confidence.
Impact of organizational culture in leader and followers
The organizational culture influences the role, responsibility, degree of participation from management and framing the organizational structure which remarkably inspires the leaders and followers to effectively carry out the legacy and gain success in business operation. The cultural aspect of the organization grooms the individual in an aspect of organizational success and achievement in market growth and profit generation. More commonly, the leadership attitude is framed by the organizational culture which defines the values and beliefs in the organizational practice and accommodates the diverse cultural team in one space to harmoniously create and innovate for resolving issues in the living world (Williams, 2018). The followers are directly approving the leadership delegation which is culturally binding the team with organizational culture to follow and execute the performance on behalf of organizational reputation and consumer satisfaction. Moreover, the organizational culture is forcing the leadership to appropriately deal with the employee issues to cooperatively avoid the negative influences in the organizational sphere to delegate the team performance effectively. The cultural viewpoints of teh organization have profoundly directed the leaders to take accurate measures in decision making and negotiations to uphold the organizational attitude towards market operation and consumer commitment.
The leadership is always optimized through the incorporation of organizational culture which helps in change management and integration of business process with specific consideration of employee learning and development to reflect the efforts through modern technology and industrial revolution 4.0. The technological interventions in business affairs are deliberately helping the leadership make an effective business plan to dominate the market competition and increase the value of the individual and customer throughout the value chain in the business process. Organizational culture is more vital for the organizational internal management to influence the leadership capability and achievements to deal with the different situations with managing the employee health and well-being for organizational efficiency (Lowe et al., 2018). The culture urges the regulatory framework of business dealing to adopt technology and skills for being compatible with the modern trends in the market with transparency accountability and purposeful vision to perform outstandingly in the business competition. On a specific note, the organizational culture is extremely significant to accustom the employee differences through positive practices of rules and regulation and build the team with trust, reliability, dependency and constructive discussions for creativity and innovation. The culture bestowed the responsibility upon leadership to lead and manage and develop the team for gaining sharpness in business operation through employee effectiveness and leadership strategic decision making (Meng and Berger, 2019).
It influences the long-term strategy of the organization to move forward the organization towards the shared vision and achieve market superiority through efficiency and consistency. RIL is promisingly developing the organizational culture in a younger and aggressive approach to accommodate the employee effort in the business delivery with facilitation of effort and health work-life balance to drive for fulfilling the personal and professional to the leaders as well as the followers extending help in several parameters in both personal and professional life. It directly impacts the employee creativity and zeal for innovativeness to prosper the organizational approach and find solutions for everyday issues in living standards which may be improved through the innovativeness encouraged by organizational culture (Sarroset al., 2011).
Impact on the Reliance Industries Ltd.’s business performance
Leadership has a direct relationship with the organizational business performance which certainly secures the leadership effort and performance to deal with the organizational affairs in several parameters to win over the complexities to serve the business purpose more confidently. On the other hand, the organizational culture is influencing the leadership and employee motivation to securely achieve the business goal and make a competitive market reputation for business growth and revenue generation. The leadership capabilities are shaping the RIL in a competitive manner to focus on business opportunities with risk-taking behaviour to enculture the market possibilities and employee potential through the people loyalty towards the organizational product and services with quality and consistency. The leadership set the goal, defined the priorities and makes decisions on behalf of organizational success whereas the RIL leadership deliberately enjoys the employee commitment to business diversification and exploration of opportunities through emerging business zeal and confidence in the business process. It may be stated that the best-performing assets of RIL is the oil and energy ad communication technology through which the organizations captured a vast market and enjoy the consumer trust and loyalty in the repeated transactions where employees are consistently maintaining the public relations for business efficiency and satisfying consumer needs.
The business diversification of the RIL has enormously created the popularity of the company where leadership approach fixing eyes on the future possibilities to enlarge the business productivity according to the other consumer perceptions and growing interest. Business delivery is quite dependent upon the strategy of leadership and organizational culture which is executing the business performance to gain the confidence of the clients with co-creating value for the consumer to attract towards the business operation of the organization. The Reliance industry has organized the business views in accordance with the visionary leadership of Mukesh Ambani who outstandingly captured the communication technology market and further progressed towards the emerging technology to make a global effort to make a reputation and enhance the market competitiveness through business efficiency. The company is grooming the future leaders within the organizational environment to reflect the organizational attitude in the global market (Babet, 2020). Oil and energy also process a cost-effective result for the business comprehension where it allowed to take the ambitious approach for integrating the overall value chain to gain business efficiency and serve the consumer delicately.
Conclusion
From the above discussion, it may be concluded that Reliance Industries has faced many difficulties during this recent time, however, the effectiveleadership style of Mukesh Ambani played a crucial role in ensuring the business success of the company by minimizing the risk factors of the company. The leadership efficiency and organizational culture are formulating the business attitude of the organization through effectively leading, managing, and developing the employees for gaining business advantage in the market operation. Leadership attitudes and organizational behaviour are shaping the employee potential for increasing employability within the organizational sphere to deliberately reflect the business preferences and achieve sustainability. The decision-making process is encouraged by the organizational culture and shaping the business views and commitments aligned with the business mission to perform and attract consumer attention more elaborately. The leadership traits and skilful delegation attract the employees to inspire and motivate with a shared vision to deliver the business process more enthusiastically to achieve the business zeal altogether.
References
Babet, G. (2020) The Challenges of a Family Busines Organisation in a Period of Succession. ProQuest Dissertations Publishing.
Klein, A.S., Wallis, J. and Cooke, R.A. (2013) ‘The impact of leadership styles on organizational culture and firm effectiveness: An empirical study’, Journal of management & organization, 19(3), pp. 241–254. doi:10.1017/jmo.2013.34.
Leroy, H. et al. (2015) ‘Authentic Leadership, Authentic Followership, Basic Need Satisfaction, and Work Role Performance: A Cross-Level Study’, Journal of management, 41(6), pp. 1677–1697. doi:10.1177/0149206312457822
Lowe Steffen, S. et al. (2018) Evolving Leadership for Collective Wellbeing : Lessons for Implementing the United Nations Sustainable Development Goals. Bingley: Emerald Publishing Limited
Meng, J. and Berger, B.K. (2019) ‘The impact of organizational culture and leadership performance on PR professionals’ job satisfaction: Testing the joint mediating effects of engagement and trust’, Public relations review, 45(1), pp. 64–75. doi:10.1016/j.pubrev.2018.11.002
Mirza, MA 2018, Project Management and Leadership Challenges, Volume I : Applying Project Management Principles for Organizational Transformation, Business Expert Press, New York. Available from: ProQuest Ebook Central. [18 February 2022].
Ril.com. 2022. [online] Available at: <https://www.ril.com/getattachment/57c07cd8-3cba-457b-a972-c02524df79b6/AnnualReport_2020-21.aspx> [Accessed 18 February 2022].
Sarros, J.C., Cooper, B.K. and Santora, J.C. (2011) ‘Leadership vision, organizational culture, and support for innovation in not-for-profit and for-profit organizations’, Leadership & organization development journal, 32(3), pp. 291–309. doi:10.1108/01437731111123933
Stanford-Blair, N. and Gesner, M.L. (2019) Your life is your message : discovering the core of transformational leadership. Los Angeles: SAGE
Tortorella, G. and Fogliatto, F. (2017) ‘Implementation of lean manufacturing and situational leadership styles: An empirical study’, Leadership & organization development journal, 38(7), pp. 946–968. doi:10.1108/LODJ-07-2016-0165
Williams, M.D. (2018) ‘The Impact of Organizational Culture on Leadership Burnout’, Frontiers of health services management, 35(2), pp. 34–37. doi:10.1097/HAP.0000000000000047.
Appendices
________________________________________________________________________________
Know more about UniqueSubmission’s other writing services:
