Leadership role in Business/Pharmaceutics

 






Leadership role in Business/Pharmaceutics

Chapter I: Introduction
Today, most organizations do not function the same way as they did ten or maybe twenty years back. Today, most organizations feel the need to be responsive and flexible to the changing marketplace as well as the global economic environment. To be responsive to the marketplace, an organization needs to undergo timely changes or transformations. For the smooth transformation or change within any organization, it is important to hand over the responsibility to a reliable leader as leaders play a critical role in the success of any transformational program. If the leader does not have the ability to display result-oriented behavior or action during the crucial phase when the organization is witnessing a change, then he/she may cause a great deal of wastage of energy, money and time and will also create an additional burden on the company’s employees.(Jacobs, 1996)

One can easily come across countless theories of effective leadership and no single theory can be said to be completely true or effective. However, contemporary literature and research mutually state that there are some specific attributes of a leader that drive him towards bringing success to the organization when it undergoes a change or a transformation. For the organization, it is very important the leader adopts a competitive, team-based and interactive format that enables knowledge sharing as well as sharing of concepts and ideas among team members. Small-scale as well as large-scale organizations are impacted by different leadership-based aspects that play a role during the transformation.

1.1 Purpose of Study
Before discussing what changes or transformation should an organization incorporate in its style of functioning, it is essential to understand the importance of change. First and foremost, the organization has to keep step with the ever evolving and intensely competitive environment as well as transforming business trends. Organizations feel the pressing need to alter their business strategies as per the current trends and also future predictions and upcoming technologies. For such a transformation in the core business activities to be carried out effectively, the organization would require a proficient leadership or a leader who is fully able to understand and examine the present needs of the organization and based on this analysis, provide a effective solution which is the most suitable transformation or change that the organization can adopt.(Bass, 1985)

The leader should use his vision in devising the change plan. Implementing the change effectively as conceived by the leader is also equally important. To implement the transformation, the leader should adopt an innovative, pioneering approach so that he can see his vision as successfully executed. The leader should come forward an accept a key role in the entire change process. Needless to say, he should be well aware of how important organizational change in today’s time of a volatile economy. Successful organization transformation or change can be brought out when the leader has an innovative approach and a vision. 

Before a leader proceeds to bring about change or start working on the change process, it is essential that he and his team members are well aware of what kind of company or organization are they a part of.  Also, some employees have vague definitions when asked to define a leader.  Skewed perceptions of the responsibility of the leader may often lead to distress in the organization. There are several factors that can bring success or failure to an organization. However, leadership plays a major role when it comes to effectively handling change in an organization. 

1.2Research Question 

Internal changes affect employees the most, at the same time, employees are at the forefront on implementing change. Companywide surveys are sent out to employees each year in order to gauge employees’ perception on various factors because companies know that employees can affect how changes are implemented significantly. Different companies monitor different aspects of the organization. At Company B, the research includes 
1)	The role of leadership in the times of change
2)	Employees’ perception of control over their daily tasks and their career
3)	Changes in work environment	

1.3 Objective or aim of study
In this dissertation, the aim is to analyze previous research done at Company B from 2011 to 2012. Restructuring event had occurred between 2011 and 2012 companywide survey. The changes in the results from these surveys were a direct effect and indication of how change was managed at Company B. The knowledge gained from this dissertation may potentially help Company B highly the short comings during this past restructuring even and also manage future corporate changes more smoothly.




Chapter II: Literature Review
2.1 Why vision is important for leadership?
A leader is