Answer To: Course Description (Higher Education) CRICOS Provider No. 00103D Page 6 of 1 Assessment Task 1: The...
Soumi answered on May 04 2021
Running Head: THE CHALLENGE OF LEADERSHIP TODAY 1
THE CHALLENGE OF LEADERSHIP TODAY 14
THE CHALLENGE OF LEADERSHIP TODAY
Table of Contents
Introduction 3
Major Challenges of Leadership in Today’s World 3
1. Challenges of Leading an Organisations in Present World 3
2. Suitable Changes in Existing Leadership and Leaders for Meeting Contemporary Challenges 7
3. Recommended for Improving Leadership Development Programs 9
Conclusion 11
References 12
Introduction
The role of the leaders in organisations over the decades has become more challenging than ever. In the backdrop o globalisation, exposure to multiculturalism, the increases differences between the upper management and the employees working at the grass-root levels of business organisations have made the leaders, inculcate multiple aspects of human resource management (HRM) within their task. The changing dynamics of business market, the alignment of which had been one of the major tasks of the leaders in general has also acquired a very complex nature, due to the profound changes in the values of the commodities, customer preferences for services patterns and the consistently increasing competition and customer expectation.
In alignment with the hiking expectations of the customers and rising market share crunch in the market from the rivals, the changes in the government norms and keeping the company within the limits of the norms, despite earning high profit is also another challenge leaders face. The leaders’ capacity of dealing with the challenges and overcoming them, determine the degree of organisational progress, consistently and profiting, therefore, understanding the challenges, leaders face cater its significance, which the current essay discusses critically, giving hope to better HRM in future market scenarios.
Major Challenges of Leadership in Today’s World
1. Challenges of Leading an Organisations in Present World
Before the challenges faced by leaders, who are responsible of leading organisations, are discussed, it has to be noted that new or first time leaders and experienced leaders face different types of challenges whatsoever. In case of new leaders, the settling in the newly offered role is a major challenge, which the leaders have to face. As mentioned by Agarwal and Al Qouyatahi (2018), in majority of the cases, the first time leaders are chosen from the existing taskforces of an organisation, which makes the issues of power struggle evident, as the employees, who were previously the colleagues of the leader, become subordinate and subject to his or her direction.
New leaders also face the issue of exerting authority, taking decision autonomously and effectively lead the organisational taskforce to a fixed schedule. As stated by Moreno-Izquierdo, Ramon-Rodriguez and Such Devesa (2018), first time leaders, lack experience of role of leaders in organisations, therefore, they struggle to maintain schedule, allocate job to groups properly and often fail in taking the rational decision, shifting the focus towards emotional decisions and moral obligations.
In today’s markets, the increasing number of organisations entering the same business industry and sector are creating crunch for human resources, monetary investors, and customer demand. As mentioned by Bailey, Clua-Losada, Huke, Ribera-Almandoz and Rogers (2018), as organisations need resources of all sort to lead their business in the market, a crunch in the resources, which has become evident due to increasing competition and globalisation, becomes a big challenge for the management.
The shortage of human resource, makes business expansion hindered, production limitation, and reduces profiting scope, as employees are paid higher wages to be retained. The monetary investment shortage obstructs business expansion plans, restricts the use and incorporation of modern technology, which given the changing landscape of the business and markets, leads to severe consequences.
The experienced, modern day leaders first face the issues of building an effective communication, while attempting to lead their respective organisations towards profitability and sustained growth. As opined by Subrahmanyam (2018), as leaders take up the responsibility of taskforces, building an effective communication becomes important and it also becomes a major issue. The leaders are placed on a higher position, in accordance to the organisational hierarchy, which makes their task less manually involved and gives them the ability to exert higher power over the employees.
The employees, in most cases, as suggested by Przybylski, Chen and Hu (2018), consider the power exertion of the leaders as arbitrary use of power, which makes the development of non-cooperation, which contribute to lack of proper communication. In addition, in many companies, the leaders are selected from a cultural background, which is different from the majority of the taskforce, or from a taskforce, which consist of employees from multiple cultures and communities, leading to communication issue.
The communication issues are further increased, when business organisations consider expanding their businesses beyond national borders and try to manage local taskforces with existing leaders and managers. One of the most severe problems faced by business organisations, in terms of being directed towards survival in the market, is the rise from globalisation. As supported by Reddy (2018), as globalisation takes place, local and international organisations come to compete under a single and mutually open market, which makes the local companies get affected by the huge resources of internal entrant to the market, while international businesses, compete with local companies, who offer better knowledge of the local customer behaviour and makes the international business expansion plans for entering new markets total failures.
On the other hand, as opposed by Raich, Dolan, Ulrich and Cisullo (2018), globalisation cannot be considered as a major challenge for leading organisations, as a high quality product or service is never affected by international entrants of local businesses,...