You are the CEO of a medium- size company that makes window i coverings similar to The Linen Company's blinds and Duettei shades. Your company has a real cost advantage in terms of beingi able to make custom window coverings at costs that are relatively low in the industry. However, the performance of your companyi has been lackluster (uninspiring). To make needed changes andi mprove performance, you met with the eight other top managers in your company and charged them with identifving problems andi missed opportunities in each of their areas and coming up with an action plan to address the problems and take advantage of opportunities.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

 

You are the CEO of a medium- size company that makes window i coverings similar to The Linen Company's blinds and Duettei shades. Your company has a real cost advantage in terms of beingi able to make custom window coverings at costs that are relatively low in the industry. However, the performance of your companyi has been lackluster (uninspiring). To make needed changes andi mprove performance, you met with the eight other top managers in your company and charged them with identifving problems andi missed opportunities in each of their areas and coming up with an action plan to address the problems and take advantage of opportunities.

Once you gave the managers the ok, they were charged with implementing their action plans in a timely fashion andi monitoring the effects of their initiatives monthly for the next 8 to 12 months. You approved each of the managers' action plans, andi

year later most of the managers were reporting that their initiatives had been successful in addressing the problems andi opportunities they had identified a year ago. However, overall company performance continues to be lackluster and shows no signs of improvement. You are confused and starting to questioni your leadership capabillties and approach to change.

 

Question- What do you think is the most suitable leadership stvle in this situation that improve the performance and effectiveness of your company? Do you think you can readil change your leadership shle? Why or Why not Explain your ansver with rationale.

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Forecasting methods
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON