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Global Leadership & Management

Scenario

Watch the following video and then answer the questions below (xXAngieKinzXx, 2016):

video link: https://youtu.be/wnOj3hP4hlE

When managers engage in a global strategy, what is one initial question that they should explore?
What type of strategy is used when a business expands across borders?
Expansion to markets outside of the United States can be less profitable and is known as what type of liability?
Smart companies expand internationally to achieve corporate objectives that help deliver unique value to whom?
What type of distance should be measured when corporations are deciding where to expand?
What type of distance is exemplified by differences in regulations, government policies, and legal systems?
What are the three fundamental expansion strategies?
When managers implement a global strategy, what is their typical focus?
What type of strategy is demonstrated when firms transfer their core competencies to foreign markets but do not have substantial competition?
What type of strategy does a global business follow when firms focus on increasing profitability by customizing goods or services to the local market?
What type of business strategy does a corporation use to combine global reach, coordination of operations, and local advantages to drive sales, market growth, and profit?

Sample Solution

edler’s contingency model offers a very austere categorisation of leadership, clearly defining which situations will and will not result in success for a potential leader. At the senior management level of a hierarchal structure within an organisation the theory can be applied freely, firstly due to the ease at which persons can be replaced if their LPC score does not match that required of the situation (Pettinger, 2007). Secondly, and most importantly, is to ensure that the senior management are best equipped to lead the organisation successfully. However, further down the hierarchy Fielder’s contingency theory begins to hold much less relevance, it becomes impractical from a organisational perspective due to the number of people at this level of leadership. The logistics of matching the leader with their least preferred co-worker is impossible to consistently achieve, so a more continuum based approach is required. Figure 1: Chelladurai’s Multi-Dimensional Model of Leadership (Miller and Cronin, 2012) There are other contingency theories that provide a more continuum based approach such as Redding’s theory of leadership and management, however Fielder’s description of how situational factors affect the leadership style required for the situation is extremely useful in understanding the fundamentals of leadership (Pettinger, 2007). Chelladurai in his Multi Dimensional Model of Leadership, expands on much of Fiedler’s theory but in a continuum based approach, in which the leader can adapt their leadership style to fit the situation (Chelladurai and Madella, 2006). Chelladurai’s theory is taken from sports psychology but can be applied to an organisational scenario. It provides a much more empirical categorisation of task structure, clearly differentiating a plethora of situations that require certain leadership styles for success. Chealldurai found three characteristics that affect the leadership style required for a situation, called antecedents, they mainly expand upon Fiedler’s situational factors and leader – member relations and ultimately affect how a leader should behave towards a situation. The first are situational characteristics, the environment in which the leader must perform, the second are leader characteristics, the experience, personal qualities and skills of the leader, and the third are member characteristics, the motivation, skill and experience levels of group members (Chelladurai and Madella, 2006). The situational characteristics and member characteristics have a required behaviour to ensure maximum group performance, they also have a preferred behaviour to ensure the satisfaction of group members, if the leaders actual behaviour matches both the required behaviour and preferred behaviour of the situation the consequence is maximum group performance and satisfaction. However, if the group are not performing and achieving goals or are not satisfied or both, then the leader is able to amend their actual behaviour to improve this. Leaders able to monitor performance and satisfaction, and understand what is required to amend the situation will achieve optimum group performance in Chelladurai’s model.
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