We’ve done a game called the LINKS Simulation game, and we’ve started with QUARTER4 and ended with QUARTER8. An introduction to the game can be seen in the PPT. All firms are competing in the same set-top box industry. Our group is Firm 5, and you can see all of our Q4-Q8 data in word files and excel, our product models, our revised product models, our pricing, our projected sales, our product positioning.
Below are the requirements for the content of the article：
• Timeline (showcasing long-term strategy and major decision deployment) : Overall Decision Review
• Data visualization on key indicators: THREE TYPES OF KPIS, sales, profits, etc. (eg.company’s quarterly results) , and make targeted evaluations
• positioning/targeting (profit or volume)
Reflection: what’s right, what’s wrong, what needs to be improved
All these are the most common mistakes that many leaders struggle with. Hence it is important that a good leader should not only harness the skills but also be attentive to the common mistakes that a lot of leaders make. Until now we have discussed about the different traits of leadership, different leadership skills & their effects on project and some common struggles of a leader. However one cannot ignore the approach in which leaders take up their roles. An article written by S.Pretorious(2018) was presented at the South African Institute for Industrial Engineering (SAIIE) which emphasized on different leadership styles and approaches. This article includes some of the leadership styles, approaches and theories which have been featured in the past couple of decades which namely are:- Types of approaches discussed ● Trait approach ● Skills approach ● Behavioral approach ● Situational approach ● Psychodynamic approach The leader decides its approach by looking at the project structure after which the main preference is given accordingly i.e. traits, skills, behavior, and situation. Types of leadership styles discussed:- ● Strategic leadership: this type of leadership focuses on how organizational performance is influenced by executive leaders. ● Transactional leadership: it is a type of leadership which centers on the interactions between leaders and subordinates. It occurs when managers offer promotions to employees who exceed their goal. This leadership style is largely task-focused. ● Servant leadership: in this type of leadership leaders serve by ensuring that there follower’s highest priority needs are fulfilled. ● Authentic leadership: the main emphasis of this type of leadership is the authenticity of the leader. ● Charismatic leadership: it is a type of leadership that comes into play whenever there is a situation of distress, uncertainty or extreme enthusiasm among social relationships. Difference between Leadership and Management Generic leadership Generic Management Leaders create visions for change and movement. Managers anticipate change and adapt to it but they don’t create it. Leaders frequently seek to influence others Managers pursue order through control of standard operating procedures Leaders create new pattern of action and belief systems. Managers protect stabilised>GET ANSWER