Topic: Need for Knowledge and Leadership Skills for Managing Practical Strategies
The study highlights the need for the leadership skills and knowledge that is required to create and manage the practical strategies of the organization. It demonstrates how the organizations vision, strategy as well as the goal aid in performance of the organization. It demonstrates the various approaches that are adopted for the development of the vision of the organization along with identifying the factors that are essential to demonstrate the vision of the company to the stakeholders. It mentions the personal development plan of an individual based on the leadership qualities as well as the management strategies.
The main vision of the Souq Company is to provide the people with the wider range of products that are available in the market at cheap prices. Its main objective is to provide fast services to the people of the society with the help of smart technology. As highlighted by Vandayani et al. (2015, p.76) the vision of the company can be highlighted in three stages such as it is essential to envision the future desired goals related with the organization. It helps the company to further set the objectives and the goals based on the consumer preferences. The vision of an organization is organic in nature and changes with the external factors such as changes in the environmental facstor can lead to changes in the company vision. Changes in the vision of the company will also hamper the strategies adopted by the company and affect it performance.
It is also essential that the future state of the company based on the goals and strategies are discussed with the stakeholders. As highlighted by Vandayani et al. (2015, p.76) communication with the stakeholder is essential in order to motivate them to perform according to the vision and goals of the company.
Thirdly, it is essential to empower the followers in order to boost their confidence so that they might work according to the vision of the company. The followers as well as the employees are motivated with the vision of the company so that they remain motivated and perform according to the vision and mission of the company.
The aim of the company is to provide its consumers with fast services with the help of the smart technology. It also aims to provide wide range of products to the consumers at cheaper prices in comparison to the market rate.
The leadership skills such as communication skills are essential to achieve the organization’s vision as well as the mission. As mentioned by Ruben and Gigliotti (2016, p. 473), the two way communication between the employees as well as the leaders of the company aids in the identification of the problems and the issues that are hampering the performance of the employees. The Souq Company mainly follows the visionary leadership strategy that aligns with the vision of the company and it is also very dynamic and interactive in nature. The company mainly aligns with the strategic visionary leadership where the followers of the company work towards the vision of the company. As mentioned by Ruben and Gigliotti (2016, p. 475), in this scenario it is essential to demonstrate the process by which the vision of the company is communicated with the stakeholders and the employees of the company.
Another essential leadership skill that is required to work towards the vision of company is team building skills. As mentioned by Ruben and Gigliotti (2016, p. 475), the team building is associated with the leadership skill is progressive in nature and advocates creativity as well as performance of company. It is essential to allocate talented individuals in the team which will aid in the productivity of the team as well as the performance of team based on his experience as well as the creativity.
Knowledge regarding the empathy as well as emotional intelligence is also essential in the leadership styles that are being adopted by the company. As mentioned by Li et al. (2016, p. 122) the enhanced knowledge in this sphere is essential in order to address any conflict situation in the company. Empathic leadership adopted by the company will aid in communication between different individuals which will enhance the performance of the company.
The skills that are essential for the strategic management of the company which will support the creation as well as the organizational vision are listening skills. As highlighted by Maak et al. (2016, p.465), it helps to gather knowledge regarding the strategic input that is provided by others in the organization. It also encompasses the commercial acumen which is an essential feature related with the managers of the company who are responsible to assess the potential economic payoff as well as investments. The skill also encompasses the collaboration ability where the manager of the company is also responsible for providing a positive working environment to the workers of the company. It is essential that the managers of the company always address the issues related with the employees. The managers of the company also have strong execution skills where the managers of the company critically evaluate the performance of the employee that will aid to enhance the productivity of the company.
The manager’s ability to gauge the upcoming risks related to the policies adopted by the organization enable it to achieve creativity and work in compliance with the vision of the organization. As opined by Caiden (2017, p.53) the managers of the organization possess the knowledge regarding the impact of the challenges as well as the issues of the company. It will analyse the strategic policies to cope up with the situation. The managers are required to enhance their critical as well as the lateral thinking capacity in order to achieve the vision that is to provide the consumers with quality and affordable prices.
The other factors that aid in enhance of the creativity and helps to achieve company goal is work ethics. As highlighted by Amanchukwuet al. (2015, p.123) the work ethics in an organization are the values related with the work disciple and the work culture. The Souq follows the model code of conduct in the case of work ethics that enhances the productivity of the company and it also works in compliance with the organization’s vision and well as mission.
Analytical skills are also essential in order to achieve the organization’s vision and it is organic in nature and evolving with the current trends. As mentioned by Broman and Robèrt (2017, p.89) the analytical skills are essential to evaluate the risks and the challenges based on the research work of the market. The organization also adopted certain initiative to such as implementation of the advance technology in order to increase the pace of the service that is being provided to the consumers.