R&D Week 7

docx

School

University of the Cumberlands *

*We aren’t endorsed by this school

Course

645

Subject

Management

Date

Apr 3, 2024

Type

docx

Pages

Uploaded by MateEmuMaster362

1 Leadership Student Name Institution Course Name Professor Date

2 Reflection An effective leader can translate dreams into significant actions by personal effort or by guiding others who can accomplish an organization's vision. A strategy is required for an organization to reach its mission. The plan outlines the action for achieving the organizational vision and mission (Daft, 2022). Organizations need to have an organizational culture. An organizational culture enables an organization to be flexible to the external environment and gives ground for members to relate to each other. Culture can either be responsive or resistant. Leaders in responsive cultures are mindful of employees, customers, and processes and ensure that they effect positive change. Leaders in resistant cultures are concerned with their needs, and their actions discourage organizational change. In a dynamic world, change is an essential tool for the survival of any organization. However, employees might resist change because it violates an organization's and employees' personal relationships (Daft, 2022). Question 1 Although vision is crucial in giving an organization direction, there are various reasons why commentators and analysts might critique a new CEO's focus on creating a vision for a company fighting to survive. Analysts might argue that the CEO should focus on short-term tactical goals that address the company's urgent survival requirements (Arvidsson, 2023). Financial stability, operational effectiveness, and addressing existing problems might be the most pressing issues in a crisis. Furthermore, some critics tend to emphasize the execution of the vision. During distress, a company should focus on actionable steps that stabilize the company rather than drafting a vision (Arvidsson, 2023). Question 2

3 It is not a universal requirement for every organization to have a noble purpose to succeed in the long run. However, the chances of organizational success are enhanced for organizations with a noble purpose. A noble purpose improves employee engagement and commitment, customer satisfaction, and organizational culture. Also, it enables a business to maintain a competitive advantage (Daft, 2022). One of the companies that reflects each category of noble purpose is Patagonia. Patagonia is renowned for its excellence in products and for encouraging a spirit of discovery through outdoor exploration and adventure. Initiatives like the Worn Wear program in Patagonia promote altruism. The company also demonstrates heroism by advocating for environmental issues like climate change (Haski-Leventhal, 2021). Question 3 Providing subprime mortgages that attract high interest rates to poor people is exploitative. High interest rates increase people's financial burdens, making it difficult to fulfill their mortgage obligations (Tori & Gallegatis, 2023). It will eventually result in property loss, foreclosure, and financial hardship. Additionally, when considering the role of financial incentives in subprime lending, the notion of noble intent becomes ambiguous. Mortgage loan officers often receive commissions depending on the number and size of loans they originate. It creates a conflict of interest because the loan officers will prioritize the shorter financial gains over the long-term financial security of the borrower (Tori & Gallegati, 2023). Question 4 Organizations have already undergone substantial changes due to the coronavirus pandemic, which will probably have a long-lasting impact on organizations. One of the changes is the increased adoption of digital technologies because companies adopted new operating methods (Dimitriou, 2020). Companies are likely to invest in automation and artificial

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

4 intelligence to improve customer service and efficiency at the workplace. Also, organizations will increase their online presence and capabilities to meet evolving customer expectations. It is achieved through incorporating e-commerce, content, and email marketing and integrating virtual assistants into a company website for customer support.

5 References Arvidsson, S. (2023). CEO talk of sustainability in CEO letters: towards the inclusion of a sustainability embeddedness and value-creation perspective. Sustainability Accounting, Management and Policy Journal , 14 (7), 26-61. https://doi.org/10.1108/sampj-07-2021- 0260 Daft, R. L. (2022). The Leadership Experience. United States: Cengage Learning. Dimitriou, K. (2020). Corona-Virus Crisis and Effective Change Management: Ethical Implications. FINIZ 2020-People in the focus of process automation , 165-170. https://doi.org/10.15308/finiz-2020-165-170 Haski-Leventhal, D. (2021). Strategic corporate social responsibility: A holistic approach to responsible and sustainable business. Strategic Corporate Social Responsibility , 1-100. https://doi.org/10.4324/9781003152651-17 Tori, D., Caverzasi, E., & Gallegati, M. (2023). Financial production and the subprime mortgage crisis. Journal of Evolutionary Economics , 1-31. https://doi.org/10.1007/s00191-023- 00812-y

Related Documents

Joes_Java_Prep_Questions-_BU111

Case_2.docx

Performance Evaluation Tool (1).docx

Group Assignment 2 - Define Scope and WBS Final (1).docx

Team_6_Scope_Assignment Final.docx

CampusEmergencyPreparednessSystemPart1.docx

Letter- Your Strengths as a Learner (3).docx

Comm 210 paper.docx

R&D Week 6 edited.docx

Activity 6 edited.docx

3-1 Milestone Project One SPT 600.docx

Milestone 3-1 Edit.docx

Recommended textbooks for you

Understanding Management (MindTap Course List)

Management

ISBN:9781305502215

Author:Richard L. Daft, Dorothy Marcic

Publisher:Cengage Learning

Management, Loose-Leaf Version

Management

ISBN:9781305969308

Author:Richard L. Daft

Publisher:South-Western College Pub

Principles of Management

Management

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax College

SEE MORE TEXTBOOKS

Recommended textbooks for you

Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College