Wuhan Erie Polymers Joint Venture Essay

BEHAVIORAL APPROACH - This approach tries to develop specific functional behaviors in members so that they can display behaviors that command greater respect from others and self-esteem in themselves

Behavioral approach comes with trust and one’s individual character. Managers have been seen trusting and respecting the employees more now than ever due the production that each department has put out for our clients.

The contingency model of leadership is based upon the relationship between three aspects of leader-follower-situation model. Apart from this contingency model, leaders are assumed to act in a flexible manner.

In the case, Victoria Chemicals, a fictional company, were under the pressure of its investors to improve its performance as the earnings per shares (EPS) has decreased from 250 pence in 2006 to 180 pence in 2007. Victoria Chemicals is a producer of polypropylene that has two factories in Merseyside Works and Rotterdam, Holland. In addition, there are seven major competitors in the market producing polypropylene.

The behavioral approach focuses on the leader’s behaviors when completing a task or when in a relationship. A task is considered a goal that the group wants to accomplish together. How a leader accomplishes a task will depend on his or her behavior with others and with the situation. Relationship behavior is how the leader treats other people and how the leader cultivates relationships between followers. From this approach we see that each leader has his or her own certain concern for people or for results. This approach can change depending on the situation at hand. This approach really emphasizes that actions speak louder than words (traits or abilities).

The book also states the fact that to become successful in the organization, one should have management and leadership skills in balance. As the imbalance between these two can be harmful for the person and for the organization he is working for. Book has also given the way you can analyze your own skills and if you are leader or manager which can be very helpful for anyone to examine by their own.

First, cultural difference can pose great problems in communication and collaboration in a joint venture. In this case, an attempt to attract a strategic investor had failed primarily because of lack of cultural sensitivity by the U.S.

The theory states that instead of using just one style, successful leaders should change their leadership styles based on the maturity of the people they're leading and the details of the task. Using this theory, leaders should be able to place more emphasis on the task and relationships with the people they're leading, depending on what's needed to get the job done successfully. In situational leadership, the style may change in order to meet the needs of others in the organization based on the situation. The theory categorizes leadership styles on four behavioral types: Telling (one way communication in which the leader provides some direction), Selling (two way communication in which the leader directs and influences the followers to buy into the process), Participating (the leader works with the team and shares decision-making responsibilities) and Delegating (the responsibilities are passed to the followers but the leader stays involved to monitor the progress).

ESSAY TOPIC (1) :A joint venture is affected by the cultural distance between two partners. In what ways are joint ventures and types of international collaboration affected by cultural differences?

How does different leadership and management skills demonstrate success? According to Business Dictionary, 2016, Management Theory is defined as “A collection of ideas which set forth general rules on how to manage a business or organization” and leadership is defined as “the activity of leading a group of people or an organization or the ability to do this”. Management theory addresses how managers and supervisors relate to their organizations in the “knowledge of its goals, the implementation of effective means to get goals accomplished and how to motivate employees to perform to the highest standard”. The leadership responsibilities function requires communicating, teaching and carrying out the organization vision, while also addressing front-line conflicts and issues. Managers and Leaders are expected to exhibit decision making skills. This paper will address the strength, weakness and recommendation of leadership and management skills.

The precise meaning of culture seems too difficult to grasp, but it might be described as shared values, behaviors and assumptions that distinguish one group from another and are passed on from one generation to the next (Schein. E, 1990). Culture can leave a very significant influence on cognition and perception without even being aware of it (Schneider S.C., Barsoux J.L. and Stahl G.K., 2014). So culture differs from country to country at some extent. National cultural differences is the top reason why an alarming rate of up to 70% of joint ventures fail (www.ugmconsulting.com). Also, it is of vital importance when dealing with cross-border management issues. Therefore, this reflective essay aims to critically evaluate four

The contingency leadership theory proposed by Fiedler illustrated that the leader’s contribution to organizational performance is highly dependent on situational factors: namely, Leader-Member Relations, Task Structure and Leader’s Power; among which, leader-member relations is prior to other factors in determine leaders’ effectiveness (Ayman, Chemers, & Fiedler, 1995). Leader-Member Relations refers to the degree to which the team achieves cohesiveness and the leader’s willingness to support the team (Ilgen & O 'Brien, 1973). Leader-Member Relations plays a vital role in influencing team performance, because if leader and followers were not in good relations, both parties’ moral would be affected, which indicates a

Fielder’s Contingency Theory states that individuals possess dominant leadership characteristics that are well established and generally flexible. Leaders are characterized into one of two styles, either task-oriented (active, controlling and structuring) or human relations-oriented (passive,

The group of contingency theories means that the relationship between traits/behaviors of leadership and the effectiveness of outcomes is contingent upon aspects of the situation that the leader faces. The contingency theory of leadership was developed by Fred Edward Fiedler in 1964, and was improved in the past decades.

There are a many different concepts that address leadership but the three covered in this discussion are the contingency model, path-goal theory and life-cycle theory (Plunkett, Allen & Attner, 2013). Each concept, if used correctly, can produce desired results within an organization.