Mba Marketing

Rapid environmental changes are causing fundamental shifts that have a dramatic impact on organizations and present new challenges for leaders. These shifts represent a transition from a traditional to a new paradigm. The following are some of the newer leadership traits that are being adopted in the modern industry and organizations:
Stability to Change and Crisis Management
In the past many leaders assumed that if they could just keep things running on a steady, even keel, the organization would be successful. Trying to maintain stability in today’s world of unexpected and far-reaching changes is a losing battle. Leaders need to accept the inevitability of change and crisis and recognize them as potential sources of energy and self renewal. Rather than being laid low, they develop effective crisis management skills that help their organizations weather the storm and move toward something better.
There are several factors in the current business climate that can be benefit from moving from stability to change and crisis management. Oil prices skyrocketed catching most business and consumers by surprise. As a result people adapted to the change by altering their buying habits, travel routes and vacation plans. Almost all types of industries went into a changes and crisis management control due to this.
Control to Empowerment
Leaders believed that strict control was needed for organization to function efficiently and effectively. Rigid organizational hierarchies, structured jobs and work processes, and detailed, inviolate procedures let everyone know that those at the top had power and those at the bottom had none. Today the old assumptions about the distribution of power are no longer valid. An emphasis on control and rigidity serves to squelch motivation, innovation, and moral rather than produce desired results. Effective leaders share power rather than hoard it and find ways to increase an organizations brain power by getting everyone in the organization...