Assignment

NAME: SALEM HERIZ BEKHIT ALRASHEDI

ID: K- 8157501
COURSE: PRINCIPLES OF MANAGEMENT
LECTURER: ZAHEER AHMED
Introduction

Succession planning is a process for identifying and developing internal

people with the potential to fill key business leadership positions in the
company. Succession planning increases the availability of experienced
and capable employees that are prepared to assume these roles as they
become available. Taken narrowly, "replacement planning" for key
roles is the heart of succession planning. Effective succession or talent-
pool management concerns itself with building a series of feeder
groups up and down the entire leadership pipeline or progression
(Charan, Drotter, Noel, 2001). In contrast, replacement planning is
focused narrowly on identifying specific back-up candidates for given
senior management positions. For the most part position-driven
replacement planning (often referred to as the "truck scenario") is a
forecast, which research indicates does not have substantial impact on
outcomes.

Fundamental to the succession-management process is an underlying

philosophy that argues that top talent in the corporation must be
managed for the greater good of the enterprise. Merck and other
companies argue that a "talent mindset" must be part of the leadership
culture for these practices to be effective.
• Planning, Organizing and Controlling

With the evolution of management thought over the years there were
different contributions to the management thought definition. The
most modern and simplest definition of management is that
"management is the process of Planning, Organizing, Leading and
Controlling the organizational members and organizational resources
to achieve some started or pride-termined goal". Now it is a common
practice to define management in terms of above four words which are
referred to as the four functions of management. Hence management
is nothing but Planning, Organizing, Leading and Controlling to make
sure our objectives or tasks are achieved Management, therefore help
us immensely to achieve our objectives. Commonly management is
always referred to as a process meaning that is an ongoing continuous,
systematic way to doing things. To achieve our objectives the four
functions of management: Planning, Organizing, Leading and
Controlling have to be carried out on an ongoing systematic way for
some period of time depending on the type of objective. 

Planning:

Planning implies that we must think through our goals and actions in
advance and decide what to do? And How to do? Planning is based on a
logical or systematic way rather than hunch. Planning should produce a
picture of our desirable future. We may have long term plans or what
we desire to be in another five to ten years in future time. To achieve
long term plans we must develop medium term plans for two to three
years of duration. Still to achieve medium term plans we must prepare
short term operational plans deciding what we should do on a day to
day basis, to achieve our medium term plan and finally thereby achieve
our long term plans.

Organizing:

Mere planning will not help us achieve our objectives unless we

organize things by allocating work to be done and resources among
various people in a proper way so as achieving of our plans are made
easy.

Leading:

In management we deal mostly with humans than machines. Therefore

to achieve our objectives we have to motivate and lead people who are
relevant to achievement of our objectives. When we lead people,
motivate them and constantly communicate with them, they will be
interested in carrying out what had been allocated to them. Unless
people are properly led they will not do the intended task. People need
to be constantly motivated and directed to perform the intended task
we expect out of them. Then achievement of our objective will be
certain.

Controlling:

Controlling is that we must ensure that all our planning, organizing and
leading in fact move us towards the established objectives. This is,
while planning, organizing and leading are carried out as a process, it
must be ensured that we measure the ongoing performance of the task
and compare such current performance with the established objectives,
to see whether we are heading towards the right directions.
If it is clear, that our objectives may not be achieved then some
corrective actions must be taken to ensure that we are in fact heading
in the right directions to achieve the objectives which were
predetermined.

 Importance of Team Management

What is Team Management

The term team management or team work has been borrowed from
the sports terminology, where all members of a team, strive together
to have a common goal. Individual strength and commitment of each
member of a team is very essential to continue as the member of the
team. Each member at the same time work for himself as well as for
his/her colleague to success and grow together. They share the
problems and success, nobody blames on other if there is any mistake
or failure, but they try to find out the reason of failure, and seek a
solution for the problem collectively. Now this concept is rapidly
flourishing in academic organization to improve and develop the quality
of work to managing the organizations effectively.

Types of Team Management

Team can be classified on the basis of their objectives. It can do a

variety of things. It can design products, provide service, negotiate
deals, coordinate projects, offer advice and make decisions. The six
most common forms in an organization are following:

 Planning Team

 Functional Team

 Problem-Solving Team
  Self-Managed Team

 Cross Functional Team

 Virtual Team

Planning Team

Forming a team which is responsible to sketch out a road map for an

organization to way forward is called Planning team. This is the most
important team of an organization. This type of team usually comprised
of five or more experts of a same discipline sit together and discuss
various ways and modes of constituting an organization. They are likely
to be very vigilant in the current trends and contextual needs of a
function vis-à-vis the manifesto or the goals of the organization to
which they are planning for.

Functional Team

Functional teams are also called as the operational teams; this kind of
team is usually composed of a manager and the employees in their
organization. They are responsible to manage field related operations
and functions.  Under the patterns of functional teams, mainly issues,
such as authority, decision making, leadership, and interactions among
the members are relatively simple and clearer.
  Contribution of social responsibility

Social responsibility is an ethical theory that an entity, be it an

organization or individual, has an obligation to act to benefit society at
large. Social responsibility is a duty every individual or organization has
to perform so as to maintain a balance between the economy and the
ecosystem. A trade-off always[citation needed] exists between
economic development, in the material sense, and the welfare of the
society and environment. Social responsibility means sustaining the
equilibrium between the two. It pertains not only to business
organizations but also to everyone whose any action impacts the
environment. This responsibility can be passive, by avoiding engaging in
socially harmful acts, or active, by performing activities that directly
advance social goals.

Businesses can use ethical decision making to secure their businesses

by making decisions that allow for government agencies to minimize
their involvement with the corporation. For instance if a company
follows the United States Environmental Protection Agency (EPA)
guidelines for emissions on dangerous pollutants and even goes an
extra step to get involved in the community and address those
concerns that the public might have; they would be less likely to have
the EPA investigate them for environmental concerns. “A significant
element of current thinking about privacy, however, stresses "self-
regulation" rather than market or government mechanisms for
protecting personal information”. According to some experts, most
rules and regulations are formed due to public outcry, which threatens
profit maximization and therefore the well-being of the shareholder,
and that if there is not outcry there often will be limited regulation.
Critics argue that Corporate social responsibility (CSR) distracts from
the fundamental economic role of businesses; others argue that it is
nothing more than superficial window-dressing; others argue that it is
an attempt to pre-empt the role of governments as a watchdog over
powerful corporations though there is no systematic evidence to
support these criticisms. A significant number of studies have shown no
negative influence on shareholder results from CSR but rather a slightly
negative correlation with improved shareholder returns.

 Importance of effective leadership

What is Leadership?

Leadership is an interpersonal dynamics, is about the process of

influence. How leadership influences others and brings diverse people
together to do purposeful things. This brings out three concerns, what
is the influence for, how the influence happens and what is the
experience of people who are part of such influence.

Leadership Effectiveness must result in enabling and empowering the

team of people to do what they ought to do. Effective Leadership is not
about coercive and manipulative tactics that force people to act
according to the wishes of the one who influences.

Effective leadership accomplishes common goals but also helps people

to connect with their immense potentials and enable them to
accomplish purposeful things collectively that give the individual
contributors sense of personal accomplishment and fulfillment. That's
when business and organizations have the power of people working for
and with others in an organization, rather than organizations trying
hard to find ways to get what they want from people.
Why Leadership is important today than ever before?

You know the changing market dynamics, changing profile of the

people who join organizations, and the intense competition you are
dealing with, is business knowledge alone enough to take your business
to next stage? Achieve your organizational objectives effectively?
Sound business knowledge gives advantage but effective leadership
makes things happen in business and organizations.

Having the best of interest and bright ideas is not enough, to make
things happen and get things done one has to effectively engage with
people and bring them together in ways that help them achieve
common goals. Competent individuals perform irrespective effective
leadership, but when there is an effective leadership they reach new
heights.

Does Leadership Make any Difference to Business or organizations?

Every organization faces challenge that is specific to them that threaten

their survival or obstruct their growth and success. Strategies are
worked out to deal with such challenges. Effective leadership is critical
for both setting the right direction and implementing strategies
effectively to drive business or organizations in the right direction.

If there are two equally competent teams, one have an effective

leadership and the other lacks effective leadership, the one that has
effective leadership more often comes out as winner over the other.
That is the difference an effective leadership can make in a business /
organization.
Conclusion

Different individuals play different key leadership roles at the different

levels of the organization. They all combined together create the
leadership synergy that results in visioning, strategy building, and
effective implementations, individually and collectively they contribute
to business /organization survival and success.

At the heart of every successful business/organization are dynamic

leaders who inspire, direct, enable, and empower individuals to do
more with less and achieve business/organization objectives.

A team is only as good as the leader and the leader is only as good as
the team. It is not so much about who is dependent on the other to
create the interpersonal dynamics that result in leadership
effectiveness, it is about how interdependently they work together to
create the interpersonal dynamics.

A greatest contribution a leader can make is to enable others to

contribute effectively. Effective leadership brings together diverse
people and helps them find common purpose and work towards to
achieve purposeful common goals. Effective Leadership inspires and
empowers people to realize their fullest potential and harness their
potentials to achieve common goals.
Reference

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