Cultural Dimensions of Leadership
February 12, 2025
The motivation concepts were mainly developed around 1950’s. Three main theories were made during this period. These three classical theories are- Maslow’s hierarchy of needs theory Herzberg’s Two factor theory Theory X and Theory Y These theories are building blocks of the contemporary theories developed later. The working mangers and learned professionals till date use […]
Does marketing agility really make sense, or is it like another buzz word? The question itself carries sagacity because it’s important to understand if this term really makes sense in today’s business environment or is just a fad. The answer is – marketing agility is the real thing. It’s not yet another trend. Nor it […]
Political Systems and Gridlock around the world There are different types of political systems in different countries around the world. If the United States has a presidential direct election kind of system, the UK and India have parliamentary systems that are characterized by a mixture of direct and indirect elections. This means that the democratic […]
The work culture represents the ideologies, principles, policies and beliefs of the organization. The individual’s style of working, his behaviour and ways of interaction also contribute to the culture of the organization. There are several reasons which lead to a change in the organization culture. Change in management, poor financial conditions, revisions in goals and […]
Many experts tend to look at reinsurance as a homogenized industry. The idea is that reinsurance companies sell insurance covers to commercial insurance companies. Many experts assume that since all cedant insurance companies are commercial in nature, they have similar needs for reinsurance. However, this is not the case. The market for reinsurance is not […]
Preparing a leadership development plan is not an easy task. The entire process involves a comprehensive effort and careful planning at every stage.
Various steps go into the development of a leadership development plan. The process starts with an initial phase of self-assessment and the data collected from self-assessments is then used for defining the vision and goals.
The next stage is the stage of the definition of SMART objectives which contribute towards the enablement of the objectives and identification of the competencies which help in the realization of these objectives.
Steps which are required to be taken after writing a leadership development plan:
The stage of implementation of a leadership plan involves the following key aspects:
For keeping the motivation levels high, apart from regular monitoring, rewarding achievements is also crucial as a leader progresses through various stages of the development plan.
Employee retention and motivation can be achieved by engaging the employees in career development programs which can also be combined with mentoring support and facilitation.
Mentors offer a structured and a transparent feedback to the mentees on their progress at work, their areas of improvement and also suggest a remedial plan of action for developing their leadership talent.
Critical operations from the stage of onboarding of an employee, implementation of employee engagement and retention initiatives, to mentoring & coaching for performance enhancement, strategizing succession planning to fill up important leadership positions, can be efficiently managed by using technology.
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