THERE ARE 5 KEY CONTINGENCIES. TO WHAT EXTENT CAN MANAGERS IGNORE OR Essay

THERE ARE 5 KEY CONTINGENCIES. TO WHAT EXTENT CAN MANAGERS IGNORE OR MEDIATE THESE CONTEXTUAL FACTORS UNDER WHAT GENERAL CONDITIONS MIGHT MANAGERS BE FORCED TO RESPOND TO THESE FACTORS - Essay Example The imperatives of the fast changing perspectives in managerial leadership within an organization have become vital to its impact on the performance outcome of the employees and organization, as a whole. Hitherto, managerial leadership or managers were solely responsible to achieving the targeted production and efficient administration through a well defined rational analysis, planning and decision making which distinctly lacked consideration and importance of human interaction in the organizational culture. Today the equation seems to have changed and ‘we approach managerial leadership as a relational, ongoing social construction process rather than as a single clear cut phenomenon’ (Sjostrand and Tyrstrup, 2001). The various aspects of the interactive elements of the organization, work together to produce a cohesive, output representing the organizations unique objectives and goals. The different contextual factors vis-Ã  -vis size, technology, environment, diversification and globalization are vital elements that have significant impact on the managerial decision making. Organisation’s performance outcome is directly related with the size of its workforce that may be working within well defined parameters of organizational structure. The stratified but focused division of labour within the organization is an intrinsic part of management strategy to achieve the organisation’s goals and objectives. The strategy of the managerial leadership to transform the workforce into human capital is being accepted as an inherent part of organisational culture. The changing socio-economic environment made it necessary that more consideration be paid to socio-cultural and political environment so that the requirements of the people became the focal point in the development of strategy. McGregor has been emphatic that proactive participation of the workforce in the decision making is imperative for

Final Report (other different copy) Essay Example | Topics and Well Written Essays - 2000 words

Final Report (other different copy) - Essay Example Today Qatar Islamic Bank stands as one of the largest and finest financial institutions in the Islamic banking sector (Qatar Islamic Bank). QIB provides diverse financial services. It contains programs of the real estate investment, long-term business and industrial investment. Furthermore, there are services of retail banking and personal banking which QIB organizes. Altogether there are six segments in which QIB works inclusively project finance, contractual finance, asset, real estate, corporate and working capital finance (Qatar Islamic Bank). We believe in Islamic Shari’a and therefore serve the mission to provide Shari’a-compliant financial solutions to our clients. We dedicate ourselves to maximize efficiency, not just for our clients but also for the whole society that give us the clean opportunity to grow and to serve. It is innovation, which sets our path for performance and integrity (Qatar Islamic Bank). For an internship, I got appointed as an intern in the Qatar Islamic Bank. The organization titled me as CSR (customer service representative), where I had multiple tasks to manage like dealing with clients and communicating with employees for inquiries. It was basically a trainee position to go with which involved skill development, teamwork and active participation. I was part in different activities like client dealing, transactional activity or service work. Officially I was a trainee, but actually I was provided a comprehensive forum where I could explore each important area of the banking nature. It was basically non-conventional banking, giving me a chance to learn that how non-conventional banking works and functions. Overall, it was not a distinctive position like a titled one, but a diverse position, which involved different tasks and different scenarios. Becoming part of the Qatar Islamic Bank system was an ideal learning opportunity.