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Leadership is a process of communal impact in which someone can recruit the aid and support of the others in success of a goal. Organizational culture is a group of shared cerebral assumptions that guide clarification and act in organizations by significant appropriate behavior aimed at numerous situations, Ravasi and Schultz (2006).
Culture is integrated design of human information, behavior and belief that depends upon the volume for symbolic supposed and social learning, shared attitudes, goals, values, and practices that typifies an institution, (oxforddictionaries.com)
Organizational values are the shared behaviour of publics that are part of organization, it's also shaped by the organization visions, values, norms, systems, working language, and symbols, and it includes opinions and habits. It's also the design of such shared behaviours and expectations that are trained to new organizational team members as way of perceiving. Organizational culture moves the way people and sets interact with each other, clients, and stakeholders. Indian organizational culture is influenced by socio-cultural practice and slightly flexible. (oxforddictionaries.com)
For this assignment two leaders that I have chosen and are approved my tutor are:
Leader 1: Anil Ambani( India). Leader 2- Christopher D. Corrigan (Australia)
2. Personal, ethnic, organizational and societal cultural values of each leader
Anil Dhirubhai Ambani was born in 1959. He is an Indian who inherits Indian culture. He is a businessperson and chairman of Reliance Anil Dhirubhai Ambani Group. Ambani family is the wealthiest families in India and he is one of the wealthiest in the world, their wealth congenital from Dhirubhai Ambani, who is the founder. He is a member at the Wharton School of the University of Pennsylvania. Anil Ambani is a member of Board of Governors of the Indian Institute of Technology Kanpur; Indian Institute of Management, Ahmedabad, and also member of the Central Advisory Committee, Central Electricity Regulatory Commission.
Chris Corrigan was born in 1946 in Australia and belongs to western culture. He combined stockbroker Ord Minnett as an expert in 1968 and enthused to as asset manager in 1970. He was selected managing director in year 1979. Corrigan shaped a partnership with his partner Peter Scanlon, a previous Elders Limited executive. He is one of the most successful business leaders in Australia.
3. Describe the leadership behavior, styles, traits and respective theories for each leader?
Anil Ambani is very hardworking and dedicated leader and because of this he was given 'The Businessperson of the Decade Award' by the Management Bombay Association, October 2002, Given the Wharton Indian Alumni first Award by the India Economic Forum Wharton (WIEF) in gratitude of his influence to the founding of Reliance as a worldwide leader in numerous of business parts, December 2001. He was awarded as a 'Businessman of the Year in 1997' award given by India's top business magazine, Indian Business news, 2002. There is one stage when Abani was accused of illegal scam and fraud but he fought a legal battle and all his top level management stood firm in their statement and he won the case.
Chris is very determined, hardworking and ethical leader who believes in himself. At one stage Virgin airlines was almost on the verge of failing and Chris was appointed to restructure the company and bring it back to successful company. He restructured the company and even went the extent of sacking some of the top employees to save the business and he was able to do it on time to stop the company from closing down.
4. Personal, ethnic, organizational and societal goals of Chris Corrigan and Anil Ambani
There are some attributes that are collectively believed to encourage good leadership: All these are in both leaders Ambani and Chris. Both are representative trustworthiness, a intelligence of justice and honesty, taking foresight and arrangement ahead, motivating, encouraging, and being confident and dynamic, building confidence, informed, being communicative, a coordinator, a team player and with great passion for work.
Goal -Anil Ambani's Personal Lifestyle suggests that he is a very active person and loves to work and maintain the empire build by his father and make his business one of the most powerful in economic terms both in India and world
Goals- Chris Corrigan says" I'd continuously had a youthful ambition to go into the share capital business, and expended twenty-odd years in it. But the supposed of expenditure the second half of my profession in the similar business was dull, so I see around for additional opportunities."(Business Quotes by Famous Businessman, Chris Corrigan)
5. Attributes of societal and organizational cultures affected the kinds of leader's behavior and organizational practice that have been accepted and made effective by each leader?
Leadership is mostly about behavior, particularly towards others. Publics who struggle for these things normally come to be viewed and respected as a leader by their societies. Some of these behaviors are demonstrated by both leaders. Firstly, integrity in which is the most important requirement because without it everything else is for nothing. Second is having an effective obligation and approach towards company responsibility so that the necessity to type profit is well-adjusted with wider communal and environmental responsibilities. Third is being very grown-up so that leader can never get emotionally negative with people. Fourth is no shouting or angry even if leader feels very upset or angry. Fifth leading by example such as constantly be seen to be work harder also more determinedly than anyone else, and helping people when they need it. Finally being fair and firm and considering everyone similarly and on merit. Be firm and pure in trade with bad behavior.
Chris Corrigan for example shows co-operate social responsibility by saying "You need to have the skill to see how the business environment power be like a lengthy way out, not fair to the coming months. You have to be intelligent to both set an expansive direction, and similarly to take particular decisions "(Matthew Stevens, 2007).Furthermore Chris was at all times acting mostly with shareholder comforts in mind. He always had a fairly upright attitude to corporate, and would not fix anything that he considered improper. As a consequence, he occasionally pursued issues during his career that additional people might have evaded, (Chris Corrigan , 2009).
Anil Ambani is a great leader having several leadership qualities. He provided vision to various companies of his group. He is not afraid to take calculated risks. He newly topped Business Piece's "world's biggest failure" list of corporate leaders who lately lost money in 2000s slump losing $32.5 billion in year 2008, which brought him out of the top ten list to number 34 in 2009,( Gayatri, R Shah, 2010). However, this loss did not stop him from progress. He is a great leader and under his leadership, the entire group grows like anything. For example Reliance Capital is also planning to launch a Local Bank network in India according to RBI guidelines. He has also played a major role in Film industry by promoting Reliance Big Entertainment. Thus, overall, Anil Ambani is a great leader.
9. Management of change
Theory: Kotter (1995) state each stage of change acknowledges a key principle involving to people's retort and approach to variation, in which people feel, see and then change.
Situation: Ambani wanted to buy sole rights in selling entertainment industry. He faced a lot of opposition from Indian rivals.
Discussion: He used his effective communication abilities and explained to Indian government and film industry where the film industry was at that moment and made them understand where it would be, why, when, and what the processes will be for taking there. He gained support because he developed achievable measurable goals.
Evidence: As a leader he used his manipulative power finally he was able to take control of entertainment world and made it truly global and signed joint venture with American business tycoon Steven Spielberg.
Self: Ambani gained the status of first businessmen to make the company multiplex and major financial gain for his company and Organization This change made the company multiplex and gave major financial gain for his company and workers who remained loyal to him as he was known as wealthiest businessmen in India.
Followers: workers remained loyal to him as he was known as wealthiest businessmen in India.
Situation: Chris Corrigan managed change successfully when in early 2000 his company Virgin Airlines suffered economic loss. Chris Corrigan isn't used to failure.
Discussion: He communicated his ideas and feelings for the organization and spoke truthfully about what he thought about the policies of the organization. He blamed the board's strategy for the loss and spoke publicly for the first time of his intention to take over the company and assume full control. (Broadcast: 03/02/2005, Reporter: Emma Alberic)
Evidence: Chris brought about a lot of changes such as lowest fares, special tours and flashy advertising. This attracted the support of customers at all levels to choose Virgin airlines a very promising and exciting business.
Self: Chris gained respect and fame because he saved his organization from bankruptcy. Chris gained world class leadership status.
Organization: It was beneficial to the workers of the organization as they remained in employment and developed love and respect for their leader.
Followers: Everyone including his competitors accepted this change as it was needed to save the company from bankruptcy. Followers were inspired because they remained in employment.
10. Cultural Aspects of Achieving Change
Planning and analysis
Need for change
Anil Ambani is credited with having pioneered many financial changes in the Indian capital marketplaces. For example, he ran India's first schemes into foreign capital markets with worldwide public offerings of worldwide depositary convertibles, receipts and bonds. He absorbed Reliance in its pains to raise, ever since 1991, about US$2 billion after overseas economic markets; with a 100 year Yankee bond concern in January 1997 existence the high idea, after which persons considered him as a economic wizard. Anil and his brother, Mukesh Ambani, have piloted the Reliance Set to its current rank as India's top textiles, petrochemicals, power, petroleum, and Telecom Company.
Chris Corrigan is an experienced catalyst and leadership consultant who specializes in hosting programs for large groups, communities and organizations in solving complex problem and helps them to accept change. He works extensively in Australia and New Zealand, organizing workshops and uses both verbal and nonverbal communication skills effectively and that is why he is always successful in his projects. .
His clients are diverse, ranging from big companies to indigenous communities, churches, not-for-profits and government bodies. Where makes them understand the values of ethical leadership in sustaining good relationships which contribute towards the success of a business.
Need for change
His work focuses on understanding context and creating action that is logical with change models which recognize the complexity and nature of living. For example caring for the environment makes companies gain clients and respect for the business. (www.chriscorrigan.com)
Both Ambani and Corrigan have shown situational style of leadership. Understanding which characteristics of leadership is worldwide, and which facets are culturally strong-minded is vital when dealing with corporate leaders globally. It also helps me understand how to be more effective as leader, whether internationally or locally. Impressive your views on additional is likely to be disallowed wherever in the world. Olden ways of organizing and leading are not producing the result we desire. Real change in business and society calls for a new kind of leadership in all of us, no matter our role. It requires a new way of sharing ideas and information.