Business Leadership

Business Leadership Leadership Development Contemporary business management strategies require businesses to have proper leadership and effective resources utilization; leaders are mandated with the task of enacting strategic management policies that will enable their organization attain competitiveness.Advertising We will write a custom proposal sample on Business Leadership specifically for you for only $16.05 $11/page Learn More Organization should have programs to develop leadership skills in their human capital; organization with effective leadership development programs have smooth transition and succession plans (Milkovich Newman, 2006). This paper outlines a program of leadership development in contemporary business environments. Literature review Leadership development Management scholars are of the opinion that every human being has some potential to lead and influence others; however, the skills and capability need to be natured and developed. Emphasis on leadership development appeared in the 1980’s in the era of strategic management concept development. Since then the area has undergone numerous developments with management gurus coming up with new approaches. Leadership development entails enacting policies that will assist employees to get the confidence and loyalty required for making quality business decisions. When leadership has been developed in an organization, it facilitates the growth of employee’s innovativeness, and inventiveness; there is much relationship between employees’ empowerment, their creativity and innovativeness (Paauwe, 2009). Collaborative leadership development structures To develop leadership skills within an organization, management has the role of creating appropriate working environment that will build the skills, have the patient of seeing employees develop and utilize their leadership skills. There has been dramatic shift of knowledge; economies have generated a flurry of interest in workp lace creativity and innovation; focused on the need to develop the intellectual leadership capacity of employees in the wave to develop their leadership skills. When having leadership development programs, managers should focus on nurturing, coaching, developing, and training their human capital on the best leadership/management styles.The changing business environments have called for the need to have highly empowered staff to participate in decision making; with the calling, leaders have no option other than to develop effective leadership programs.Advertising Looking for proposal on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Today’s business environment requires organizations to develop strong capabilities to innovate for long-term success and survival. This requires businesses to develop creative work environment and develop innovative products and services; the above competitive traits can only occur if the management has enacted effective skill development and leadership development programs. Creative work environments are required for empowerment of employees since they are the platforms that empowerment dwells on; they should be given a chance to utilize their decision making capacity as this will facilitate growth in their leadership skills. Management gurus ascertain that creativity and innovation can be viewed as closely related constructs as they exhibit significant overlap in characteristics; to facilitate the discussion presented in the later part of this section, it is imperative to have a clear understanding of the two constructs. When enacting leadership development programs, there is need for collaboration of all leadership positions to create a good nurturing environment. Employees should be given a chance to participate in decision making as this improves their confidence and grows their intellectualism (McGoldrick, Stewart Watson, 2001). Conclusion When im plementing an effective leadership development program in an organization, management should engage their subordinates in decision making and giving them favorable working environment that facilitates the growth of their intellectualism. Business leaders should nurture, coach, train, and guide their employees on the best decision making approach as leadership entails making quality, reliable, timely, and responsive decisions. References McGoldrick, J., Stewart, J., Watson, S. (2001). Theorizing Human Resource Development. Human Resource Development International, 4(3), 287-290Advertising We will write a custom proposal sample on Business Leadership specifically for you for only $16.05 $11/page Learn More Milkovich, T.,Newman, J. (2006). Compensation. 8th ed. New York: McGraw-Hill. Paauwe, J. (2009). HRM and Performance: Achievement, Methodological Issues and Prospects. Journal of Management Studies, 46 (1), 123