In the 1960s Douglas McGregor a social psychologist of MIT developed two well known contrasting theories on human motivation and management theory X and theory Y. McGregor promoted Theory Y as the basis of good management approach, and this break new ground for argument that employees of an organization are not merely cogs in the machinery of the organization, as Theory X-Type organizations seemed to believe.
When you will understand these different leadership styles, you can easily develop your own approach to leadership, and you will become a more effective leader as a result. In this article, I will tell you about some of the common approaches to leadership styles that are mostly used in business world. I'll also tell you about some specific styles as well as I will tell you about advantages and disadvantages of leadership styles.
Change always plays a vital role in the life of organizations. With the rapid change in technology, customer taste and demand is also rapidly changing. Now if an organization recognizes the change and handle the change, it can survive best. Those organization which not recognize the change and avail it, cannot survive in long term. So all successful companies need to foresee and mange the change situations.
Gap Analysis can be simply defined as “The process through which a project manager or senior management of a company compares its actual performance to its expected performance to determine whether company is meeting expectations and using its resources (human & financial) effectively. It basically answers the questions "where is a company? It shows the company Current state and "where do company want to be?
Critical Path Analysis can be defined as a project management technique that lays out all the activities needed to complete a particular task, the time which each activity will take to complete and the relationships between the activities. It help a company to predict whether a project can be completed on time, and can be also used to reorganize the a project before starting it as well as during progresses, to keep the project's completion on track and ensure that deliverables are ready on time.
The concept of core competency in management theory is originally advocated by two business authors and Gary Hamel and C. K. Prahalad in their 1990 article entitled “Competencies of the Corporations”. They said that a core competency is a specific factor that a company sees as central to the way the company or its employee work.
Kevan Scholes and Gerry Johnson, authors of "Exploring Corporate Strategy," say that business strategy determines the direction and scope of a company over the long term, and they further added that it should determine how human & financial resources should be configured to meet the needs of markets and stakeholders.
The Ansoff Growth Matrix is a marketing planning tool which helps a company to determine its product and market growth strategy. Ansoff product/market growth matrix shows that growth of a particular company depend on whether it markets its new, innovative or existing products in new or existing markets. The output of Ansoff product / market matrix is a series of suggested growth strategies which set the direction for the business strategic planning.
The grow coaching model was originally developed by performance coach Sir John Whitmore in the 1980s, two other well-known coaches Graham Alexander and Alan Fine also helped him in developing this model. he GROW Model is a simple four-step powerful framework for structuring your coaching or mentoring processes. GROW is an acronym which stands for: Goal, Current Reality, Options (or Obstacles), Will (or Way Forward).
Many people often feel uncomfortable while facing the change, this usually leads them to resist and oppose change. So this is very important for the management of the company or for a project manager to understand how different employee are feeling as change proceeds, only by understanding this management or manager can guide them through it and so that – in the end – they can accept it and support it.