Literature Review of Winning by Jack Welch with Suzy Welch

        Management and Leadership mean differently for different people, but are synonymous to others. However, a significant amount of people view these terms distinctively. While there are similarities in the meanings of these terms, such as working with people and influencing others to strive for success, there are some differences as well. Management deals with planning, building, and directing organizational systems to succeed, but leadership is about driving chance by directing, aligning, inspiring, and motivating people (Algahtani 2014).

        Leadership is an intricate phenomenon. It could be defined as any of the following: some say it’s a behavior, others say it is a style, while it is a skill to some. Similarly, ‘process’, ‘function of management’, ‘position of authority’, ‘influencial relationship’, ‘ability’ are some of the words associated with leadershipAccording to Maxwell, leadership is influence, and a way to use collective action. To Robert Greenleaf, people who serve others are effective leaders, while to Peter Drucker, leader is anyone with some followers. However, theorists incline towards the position that it is a form of social influence processes. There are different sorts of definitions about leadership, two components are universal in every definition: to influence a group of people to achieve a goal; and to develop a philosophy. (Algahtani 2014).

        A management tool called The Balanced Scorecard of Kaplan and Norton supports successful implementation of corporate strategies. In the organization the management has been using various tools and techniques and subsequently, the balance scorecard is managerial tool used by the organizations to manage the corporate activities in effective manners. This tool enable the management to develop a better understanding about the role of the operation and non-operation activities in long term. Moreover, this tool enable the management to evaluate the performance of every individual employees in individual as well as in collective perspective. This also sets a healthy competition among the employees and they try hard to perform better from one another that also has a positive impact on the performance of the organization (Figge, et al. 2002).

    The process through which effective leadership seeks to improve the organization and upports innovation in the structures would be discussed, as well as the factors which depend upon good leadership, namely trust, culture, and clear vision. Leadership is very important in bringing positive change to an organization, and lack of leadership causes imbuigity of direction and negative change. (Hao and Yazdanifard 2015).

        Leadership is important in shaping a good culture, which is shaapted within the trust between the employer and the employees. Trust is very important between employers and employees so that a positive organizational culture should be formed, which depends upon the leadership skills of a leader, zx they can inspire trust from their employees. Benefits of a positive organizational culture includes increase in performance, as well as positive change in the behaviours and attitude of the employees. Improvement and innovation are not the only benefits of a good leadership, but better attitude and behaviors of the employees as well. (Hao and Yazdanifard 2015).

        Crisis management is an integral part of a business but it is not solely the function od the corporate communication department. Instead, it should be done from the top of the hierarchy and followed through by every rank in the hierarchy to effectively address the var9iety of risks and complex issues faced by a corporation. A good leader, a corporate custodian is the only person who can ensure state-of-the-art plans and skills to manage crises. It is important to create processes and facilitating tools to facilitate and speed up crisis response are critical (Sapriel 2003).

        Managerial leaders need to build internal support if they are to drive any change without significant resistance, which is likely on the flipside model. According to students of major organizational changes, successful leaders grasp the understanding of change as involving a political process of gaining support from major stakeholders and members of the organization. Change is resisted by people for many reasons such as  the seemingly lack of justification or harm of change, which could be overcome by a good leader who can build up support for this plans. (Fernandez and Rainey 2006).

        Top ranking civil servants along with politically appointed executives must cooperate if change is to happen in the public sector. It is challenging in the context of public sector to have a stable and continual leadership due to the turnover of executives in governmental agencies being more frequent and fast than their business counterparts. This is why civil servants lead many changes in the public sector. (Fernandez and Rainey 2006)

        The basic element that influences firm strategies is market competition. It is a consequence of this, that industrial economy passes towards knowledge economy. As quality is of primary importance, efficiency only happens by economic utilization of human resources., the management of which is fundamental for businesses today. This department has a key role to fulfill, that is of supplying the human being to the main resources of companies.It Is fundamental in recruiting personnel, orientation, as well as appraisal of performance. The scope of human resource management and its affecting factors, as well as functions and relationships between orhanizal effectiveness is dealt with in this research. (Alakoç 2014).

        In the modern business practices there is need to use the strategic human resource management as the HR role has been greatly increased for the organizational success therefore, there is need to improve the handle the HR practices very carefully. Moreover, in highly competitive environment the organization are making efforts to take competitive advantage where every single steps counts. Subsequently, the strategic management has become a key of organizational success. In the modern time, the management has to address and understand the impact of the globalization, technological advancement and has to integrate the business operations accordingly by using new tools and technologies to improve the business practices. Likewise, in the modern time, all the other stakeholder should be given importance as they all play vital role in the success of an organization. In this aspect the organization should adopt effective strategies to manage its employees by realizing that employees are the most valuable asset of the organization and they have a direct impact on the performance of the organization. Therefore, the managers are required to take every decision very carefully as it has direct impact on the overall performance of the organization (Alakoç 2014).

References of Winning by Jack Welch with Suzy Welch

Alakoç, Z. (2014). Human Resource Management and Its Importance for Today’s Organizations. International Journal of Education and Social Science , 1 (2).

Algahtani, D. A. (2014). Are Leadership and Management Different? A Review. Journal of Management Policies and Practices , 2 (3), 71-82.

Fernandez, S., & Rainey, H. G. (2006). Managing Successful Organizational Change in the Public Sector. Public Adminisration Review , 168-175.

Figge, F., Hahn, T., Schaltegger, S., & Wagner, M. (2002). THE SUSTAINABILITY BALANCED SCORECARD LINKING SUSTAINABILITY MANAGEMENT TO BUSINESS STRATEGY. Business Strategy and the Environment , 269–284.

Hao, M. J., & Yazdanifard, D. R. (2015). How Effective Leadership can Facilitate Change in Organizations through Improvement and Innovation. Global Journal of Management and Business Research: A Administration and Management , 15 (9).

Sapriel, C. (2003). Effective crisis management: Tools and best practice for the new millennium.