Leading For Success : Two Companies Approach

1589 WordsDec 20, 20147 Pages
Leading for Success – Two Companies Approach VRIO stands for value, rarity, imitability and organization. It represents a strategic tool to assist with evaluating a company’s internal resources and capabilities as a way to provide a competitive advantage (Jurevicius, 2013). This tool can provide insight into the critical nature an organization assumes with identifying, sourcing and attracting new leadership. Leaders drive organizations, set the tone, establish culture and are ultimately accountable for organizational performance. People lead the way to successful operations. Without the right people a business is just walls and capital equipment incapable of generating value. People are the brains of an operation, ensuring the rest…show more content…
This phenomenon of coaching helps people perform better and grow both individually and within the organization. Online business using the internet has experienced significant growth over the last two decades. According to the Internet World Stats (2014) the number of worldwide internet users has grown from an estimated 16 million in 1995 to 2.9 billion in 2014. This world of interconnectivity has provided a way for people all around the globe to communicate with one another in a real time format. The internet has removed the distance between governments, industries, businesses and individuals. This interconnectivity has helped to establish the foundation for a globalized community. This interconnectivity has sped up the game by which a business plays. This has also forced a new breed of leadership to react faster and to better account for the formal and informal institutions of global business proceedings. The ease to establish global boundaries have put new emphasis on the ability to lead on a global basis while managing locally. This places an emphasis on leaders to virtually lead organizations. It also places a new burden on the systems and processes to establish these links, set direction, and monitor and manage outcomes. This requires the right people, in the right position to set the behavior of the organization. Leveraging new technology, such as
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