Objective of this paper is to provide a consultancy for the leadership teamwork training. Formerly, the new manager carried out the leadership-training program individually; however, the manager has decided to implement the leadership-training program for the entire team at the same time to save the company time and resources. This paper suggests the leadership management theme for the training of the entire team. Moreover, the paper suggests the strategy to direct the team member in the training and the roles a different individual member will play during the training program.
Two key ways the proposed teamwork project affect Organizational Performance.
The paper proposes the leadership management theme for the training of the entire team. This training program will be carried out using the teamwork training strategy rather than the individual training program carried out in the past. Several benefits that our organization will derive from the proposed team-training project:
First, the team leadership-training project will assist entire team member to develop the interpersonal skills to enhance our organization productivity. An effective leadership style will assist our organization to become productive because the skills that each member will acquire from the training will assist the team member to develop various leadership skills that will assist our organization to achieve its financial goal and objective.
Moreover, the team-training program will assist the team foster innovation because it will allow the sharing of ideas that will enhance productivity. Moreover, the program will assist the team member to develop the communication skills both verbal and non-verbal. Essentially, the training team program will assist each member to develop individual interpersonal skills to deal and interact effectively with the team member, which will assist them to become an effective leader within the organization.
Additionally, the team-training project will save our organization bulk of resource and time that could have been used to train each member individually. Essentially, it is not cost effective to train the entire team individually because the company will incur lot of resources training a team individually. For example, if the company uses 10 hours a week training an individual, and takes approximately 4 weeks to compete a training program. For easy understanding, the paper uses the quantitative method to change the training time into dollar. Suppose, the new manager earn $50 per hour, the time to train an individual per week is
$50 x 10 =$500
Training time for 4 weeks = $500 x 4= $2,000.
Thus, our company always spends $2,000 per month to train an individual employee.
Thus, the training costs for 9 employees will be $2,000 x 9 = $18,000 per month.
If the company decides to carry out the training for the entire fiscal year, the training costs will be $216,000 ($18,000 x 12). However, our company can use between $2, 000 and $3,000 to train the entire team monthly instead of $18,000. Apart from reducing the costs of training program, the company can save the training costs to boost the company revenue thereby increase the shareholder's value, and this will boost the company image in the face of the stakeholders.
Moreover, the team leadership training will assist the team to develop problem-solving skills to solve the leadership problem that the company might encounter in the future. Essentially, the teamwork creates better results than individual solving the problem alone. Moreover, teamwork removes performances pressure making everyone in team to achieve better performances. Thus, our company will be able to deliver a superior performance with team leadership training.
2. Recommendation Strategy to set limits on Spending for socially responsible projects
In the contemporary business environment, the goal of a business is not to make profits only, however, the businesses are also to deliver the social goods such as employment, and avoid pollution. Presently, a corporate performance can be measured by both the traditional financial performances and the social, ethical, and environmental performances. While it is a firm obligation to become socially responsible, however, firms may face challenges in the long run if consistently disregards the interest of the key stakeholders such as employees, customer, suppliers and shareholders. Despite the positive effect of being social responsible, our company should set limit of using our financial assets in order to be socially responsible.
One of the strategies that our company could employ to limit the spending of the company assets on social goods is only to embark on the social responsible project after the company has declared its net income for the year. The funds to be used for the project should only be deducted from our net profits. Using this strategy, our company will not overspend the company assets in order to be socially responsible. Suppose we record $20 Million net profit at the end of the 2013 fiscal year, we can spend only one percent of our net income for the corporate social project. One percent of our net profit ($20 Million) will be equal to $200,000. Using the $200,000 for the social responsible project will assist our company to set the limit on our spending. Using the percentage system for our expenditure on the social responsible project, our company will be able to set a limit on the expenditure of the company asset.
2.1: Prediction of the main effect that Socially Responsible Projects could have our overall Bottom Line
Empirical evidence reveals the positive relationships between corporate social responsibilities and company performances. (David, Kline, & Dai, 2005, Werder, 2008). Cost reduction and gaining market advantages are the main effects that our company can derive from the socially responsible projects. Typically, our company can avoid conflict with the community by sponsoring socially responsible project. Conflicts raise costs through legislation, litigation and regulation.
Moreover, our company will enjoy market advantages from implementing appropriate corporate social responsible project by deriving a more favorable public image from the community. The strategy will make the consumer to vote their dollars favorably to our company product, which will assist our company to enjoy market advantages, and consequently increase our profitability. Typically, our company should be strategic in our philanthropy to improve our competitive market advantages. For example, our company should improve the quality of environment we are operating to enhance our long-term business prospects. (Porter, & Kramer, 2002).
3. Proposing 2 Approaches towards the topic of ethics teamwork-training project
Part of being socially responsible is to be ethical in our business conducts by integrating the ethical business behaviors in the team-training project. One of the approaches to introduce the topic of ethics is to demonstrate the importance of ethical social behavior in the organizational financial performances. The training program should cite several examples of the companies that have run into bankruptcy because of being unethical in their business conducts. For example, Arthur Anderson, Lehman Brothers and Enron Corporation went into bankruptcy because of the unethical financial deals.
Moreover, the training program should discuss the importance of the application of the ethical behaviors in the company financial performances. The training will make the team member to understand the importance of the application of SOX (Sarbanes-Oxley) Act of 2002 to organizational financial performances. The SOX Act is an integral part of the corporate ethical financial conduct. The entire team member will be allowed to suggest different methods of implementing ethical behaviors. The training will specifically focus on the strategy to implement the SOX Act since the Act is the bedrock guiding the successful implementation of ethical behaviors in the corporate environment.
4. Two aspects of Teamwork Training that change a person into a transformational leader
A leadership style is the approach and strategy of providing a team direction and motivating people and implementing a plan to complete a specific task. The aspect of teamwork training that can change an individual into a transformation leader is by delegating responsibility to each person within the group and team leader should coach each of the team members to become expert in all the concepts of leadership management. For example, the team leader can formulate a stimulated project where each of the team members can be assigned a specific task in the project implementation. The assigned tasks for each member should be as follows:
Team member 1 should be assigned the task of the project Planning.
Team member 2 is assigned the task of the project time management.
Team member 3 is assigned the task of the project cost management.
Team member 4 is assigned the task of the project communication management.
Team member 5 is assigned the task of the project scope management.
Team member 6 is assigned the task of the project risk management.
Team member 7 is assigned the task of the project stakeholder management.
Team member 8 is assigned the task of the project resources management.
Team member 2 is assigned the task of the project Gantt chart management. (Harold, 2003).
The team leader will be responsible for the training of each member to specialize in a particular task. The strategy should be rotated where each member should be assigned another different…