Free Samples
Leadership Styles And Frameworks You Should Know
.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}
Leadership Styles And Frameworks You Should Know
0 Download6 Pages / 1,465 Words
Course Code: MGMT2341
University: Federation University
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Present a business plan addressing its three basic purposes
Draw a hierarchy chart that shows the authority structure you plan for your business. Identify yourself and your teams on the chart using names
Describe the steps you will go through to recruit staff and get them ready to perform their roles
Describe the leadership style you will adopt and explain your reasoning for not adopting other common styles
Write up a “Code of Ethics” that you, your partner, and your employees will follow. You could use the Australian Computer Society (ACS) code of ethics for reference along with the lecture slides
List any ethical issues that be specific to your business. Explain the moral and financial reasons for developing a Code of Ethics
Conduct a SWOT Analysis for your business including a smart art for easy reference
Explain why you would consider developing a “Risk Management Plan”
Explain how you could use TQM to continuously improve your business and the role that ISO certificates might play in that improvement
Answer:
Business plans and its three basic purposes
The vertical expansion of the commercial and residential spaces is creating a huge demand for steel and iron works in the buildings. Most of the builders are now looking for Turnkey projects. Keeping this huge demand for bars we wish to launch a bar fabrication unit. This bar fabrication unit will cater to three main purposes.
Purpose 1
To introduce a value addition with a help of bar fabrication in the cost of bars, this technical expertise of being closer to the final product will help us in churning out big turnovers even after following a ” just in time” business model. Most of the bar manufacturers follow a “just in case scenario” where they invest heavily (A S Aradhye, 2014).
Purpose 2
To cater to the turnkey projects where they are outsourcing parts of their operations, in a turnkey project we break down the tasks into many heads and then distribute them to different vendors.
Purpose 3
To develop a core competence in the field of bar fabrication so that we can meet the diversified demands of the industry in the coming future, the market for the fabricated solutions is catching up. Many bar fabrication units have already reached to the levels where they practicing under the rules of the manufacturing on the heavy scale (Wilson, 2012).
Hierarchy chart for the organization
In the above image, we can see the hierarchy Chart for the bar manufacturing unit. Here Directors of the company are on the top alongside the investors and the promoters. Apart from it, we have two separate divisions working for marketing and manufacturing. The manufacturing unit is divided into three fractions where bar fabrication unit is working in coordination with inventory unit and packaging unit.
Staff selection process
In the process of recruitment, the directors of the company will evaluate the needs of the staff. We will first come up with a task sheet and weave a responsibility matrix around it (Bogatova, 2017). This list will give us an idea of the fact that we need how many people. We will set up a search committee which will first select the heads of each department. Later on the heads of each department along with the search committee will hire their team for the purpose of the operations.
Leadership Style
Under this company, we will follow a strategic style of leadership. The directors of the company will plan strategies to achieve the financial and quality based goals for the company and the teams will follow. Since we are following a “Just in time” manufacturing model we need to have a centralized command line and feedback line. The hierarchy diagram of the company shows double-sided arrows. These arrows indicate that all the teams will work in tandem where the feedback from the bottom will dictate the path for strategy based decision making (Cherry, 2018).
Code of Ethics
Our organization will follow the certain codes of ethics while dealing with other organizations, these code of ethics are imbibed in our day to day activities and overall policies that form the crux of our operations.
Honesty and Integrity
We deliver what we promise; we never over commit and under deliver at any given point in time.
Time delivery commitment
Time is money when we are dealing with turnkey projects. This organization exists because people want to save time. It is ethical for us to abide by the pre-set time delivery charters. Apart from it we always set a fresh charter prior to each project (ACS Code of ethics, 2016).
The Primacy of the Client’s interest
As a bar fabrication solution provider we keep the interests of our clients on the top order of our operations. We are committed to delivering with an intention to serve the best interests of our clients as dictated by the deal that we have made with them.
The list of the ethical issues that are attached to our business
The quality of the material that we are using is a primary ethical issue. We are duty bound to deliver quality steel with satisfactory technical denomination because we are dealing with a consumer durable product.
Timely delivery of the goods is another issue. Proper scheduling of the work in accordance with the needs of the client is another issue.
Maintaining the confidentiality of the deals is another issue. Sometimes architects don’t want to reveal their designs prior to their erection because they can lose novelty.
We are duty-bound to abide by the oath of the secrecy connected to the orders that we are procuring.
SWOT Analysis
Strength: The culture of the outsourcing of some parts of the construction work is picking up. Since we are going to receive bulk orders we can come up with some cost-effective solutions. This cost leadership in comparison with the traditional methods is our biggest strength (Fallon, 2018).
Weaknesses: For the procurement of the raw material we are dependent on the supplier chains. We are a stand-alone fabricating unit. Most of the other units in the market are owned by the suppliers of the bars. This gives them an advantage because they are interacting with the client directly.
Opportunity: The culture of the turnkey projects is picking up. The construction market is on a boom. Since we are offering a cost-effective, time-saving and effort-saving option, we can increase our share of the market which is increasing at a healthy pace.
Threat: A decrease in the price of real estate can slow down construction industry because the builders and the landowners can slow down the proceedings of the market and it can bring stagnancy on the supporting industries like us (Palh, 2009).
The need for a Risk Management Plan
As a company, we are adopting the “Just in time” manufacturing model. This model minimizes the risk factors quite considerably because the gap between the investment and the final delivery is very low. However, the Risk that we are going to face is connected with the unavailability of the big orders. In this case, our investments in the infrastructure and the workforce can become a burden on us (Kee Hung Lai, 2016). As a risk management plan, we will also invest in some standard size bar fabrication solutions. During the idling hours of the work, we will produce them and sell them as a ready solution.
TQM and the role of ISO
ISO certification gives us a tag that we are in compliance with certain standards of manufacturing. ISO can also be considered as a stamp of quality. In general ISO grading ensures that the manufacturing unit is managing certain standards of quality and it gives an assurance of quality to the customer. In order to maintain a TQM exercise, we will mainly focus on our Process approach connected with the quality of the steel bars and their molding.
Any TQM exercise demands an attention in eight areas. All these areas are connected with the process and the people. Two of these are areas are crucial for us.
Mutually beneficial supplier relationships
Constant improvement in the process management.
In order to maintain a TQM status, we have to strike mutually beneficial supplier relationship. We are only offering a service. Whereas a supplier in the steel industry is handling the raw materials that belong to a core industry, the quality of our task is only a value addition in the main deal this is why maintaining a healthy relationship with the suppliers is a must for us.
Bibliography
ACS Code of ethics. (2016). viewed 26 August. ACS, [ Online] .Available at: https://www.acs.org.au/content/dam/acs/acs-documents/Code-of-Ethics.pdf..Viewed 26th August.
A S Aradhye, S. K. (2014). A Case Study of Just-In-Time System in Service Industry. Science Direc.t[ Online] Available at: https://www.sciencedirect.com/science/article/pii/S1877705814035371. viewed 26th August.
Bogatova, M. (2017). IMPROVING RECRUITMENT, SELECTION, AND RETENTION OF EMPLOYEES. [ Online] .Available at:South Eastern Finland, University of applied sciences, https://www.theseus.fi/bitstream/handle/10024/123598/Mariia_Bogatova_Thesis.pdf?sequence=1. viewed 26th August.
Cherry, K. (2018). Leadership Styles and Frameworks You Should Know. very well Mind. [ Online] .Available at: https://www.verywellmind.com/leadership-styles-2795312
Fallon, N. (2018). SWOT Analysis: What It Is and When to Use It. Business News Daily, viewed 26th August. https://www.businessnewsdaily.com/4245-swot-analysis.html. viewed 26th August.
Kee Hung Lai, T. C. (2016). Just-in-Time Logistics. Florida: CRC Press.
Palh, N. A. (2009). Swot Analysis – Idea, Methodology and a Practical Approach. Munich: GRIN.
Wilson, A. I. (2012). Large-Scale Manufacturing, Standardization, and Trade. Oxford Handbooks Online. [ Online] .Available at: https://www.oxfordhandbooks.com/view/10.1093/oxfordhb/9780199734856.001.0001/oxfordhb-9780199734856-e-16. viewed 26th August.
Free Membership to World’s Largest Sample Bank
To View this & another 50000+ free samples. Please put
your valid email id.
Yes, alert me for offers and important updates
Submit
Download Sample Now
Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.
UploadUnique Document
DocumentUnder Evaluation
Get Moneyinto Your Wallet
Total 6 pages
PAY 4 USD TO DOWNLOAD
*The content must not be available online or in our existing Database to qualify as
unique.
Cite This Work
To export a reference to this article please select a referencing stye below:
APA
MLA
Harvard
OSCOLA
Vancouver
My Assignment Help. (2019). Leadership Styles And Frameworks You Should Know. Retrieved from https://myassignmenthelp.com/free-samples/leadership-styles-and-frameworks-you-should-know.
“Leadership Styles And Frameworks You Should Know.” My Assignment Help, 2019, https://myassignmenthelp.com/free-samples/leadership-styles-and-frameworks-you-should-know.
My Assignment Help (2019) Leadership Styles And Frameworks You Should Know [Online]. Available from: https://myassignmenthelp.com/free-samples/leadership-styles-and-frameworks-you-should-know[Accessed 19 December 2021].
My Assignment Help. ‘Leadership Styles And Frameworks You Should Know’ (My Assignment Help, 2019)
My Assignment Help. Leadership Styles And Frameworks You Should Know [Internet]. My Assignment Help. 2019 [cited 19 December 2021]. Available from: https://myassignmenthelp.com/free-samples/leadership-styles-and-frameworks-you-should-know.
×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}
×
Thank you for your interest
The respective sample has been mail to your register email id
×
CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.
Account created successfully!
We have sent login details on your registered email.
User:
Password:
MyAssignmenthelp.com houses experts from all possible disciplines to help students in the best possible manner. Owing to our experts’ extensive knowledge in their respective field, we are capable of providing subject-wise quality academic assistance such as marketing assignment help, mechanical engineering assignment help, English assignment help, taxation assignment help, electrical assignment help, etc.
Latest Project Management Samples
div#loaddata .card img {max-width: 100%;
}
SBM 1201 Project Scope, Time And Cost Management
Download :
0 | Pages :
12
Course Code: SBM1201
University: Asia Pacific International College
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Introduction
This project plan deals with the development of a fuel-efficient HHO Generator. The HHO fuel cells may appear to provide high fuel efficiency to the users. Nevertheless, there are a few confinements and focuses to be seen, as given beneath. This is to clear up that there is NO 100% substitution of petroleum derivative by including HHO cell. HHO gas is otherwise called Brown Gas, yet this is to illuminate that HHO gas is n…
Read
More
Tags:
Australia Footscray Management organisational behviour University of New South Wales Masters in Business Administration
HS2061 Information Systems Project Management
Download :
0 | Pages :
9
Course Code: HS2061
University: Holmes Institute
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Case Overview:
The project owner of the Signed, sealed, delivered courier service is facing the problems of managing order of couriers in the synchronised manner. The project manager is incapable of managing central warehouse for the dispatching of products. The important information can be lost with the passage of time. The inventory management of the warehouse is the major concern for the owner of the company. He is looking forward …
Read
More
OPS 935 Project Management
Download :
0 | Pages :
11
Course Code: OPS935
University: University Of Wollongong
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Introduction
This essay explores the impacts of digital technologies on project management. It explores how adoption of digital technologies by companies for managing their project have affected their, project managers, human resource, business processes, timelines, deliverables, and practices of risk management, people management and quality management.
Impact of Digital technologies on Project Management Practices
Digital te…
Read
More
Tags:
Australia Saint Kilda Management International Management University of New South Wales Masters in Business Administration
ITC505 ICT Project Management
Download :
0 | Pages :
10
Course Code: ITC505
University: Charles Sturt University
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answers
Case Study- Social Media Research Center
Task-1: Project Charter
Project Objectives
The main objective of the project is to develop a web-based system within the organization “Social Media research Center”. It is analyzed that the Social Media research center wants to develop the web based system in order to connect people with the organization for promoting its research center. The web-based system that is developed conta…
Read
More
Tags:
Australia Alfredton Management IT Network Security University of New South Wales Masters in Business Administration
ITC505 ICT Project Management
Download :
0 | Pages :
7
Course Code: ITC505
University: Charles Sturt University
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answers
Part One- Project Name / Team / Description
Project Name:
RALS Solution
Team Name:
Consultants for RALS
Project Description:
RALS organizes show for the farmers and other related small business persons to display their latest technology equipment for betterment in the field of agriculture and crop production. The show has different types of stalls and other facilities for which many volunteers …
Read
More
Next