Leading and Managing Organisational Resources Summative Assessment E-Portfolio Student Name : Jayasinghe Arachchige Anjana Dasuni Perera UOB ID : 1947025 Unit Code : BSS064-6 Submission Deadline : 13th November 2020 1 Table of Contents 1.0) Assessment #1 - Professional Email……………………………………………………….3-7 2.0) Assessment #2 – Mind map………………………………………………………..……..8-11 3.0) Assessment #3 – Blog………………………………………………………………..….12-16 4.0) Assessment #4 – Business Report…………………………………………………….....17-24 5.0) Reflective Journal………………………..……………………………………………....25-27 6.0) References…………………………………………………………………………….....28-31 2 Assessment #1 – Professional Email Total Word Count: 1535 To : CEO of ABC Company (Pvt) LTD From : General Manager of ABC Company (Pvt) Ltd Date : 15-Oct-2020 Dear CEO, Subject: Recommendation to Post COVID Leadership Challenges I’m reaching out with regard to the current pandemic situation of COVID and the lockdown we have been experiencing for the past two months. I would like to post you on a few difficulties we have endured with regard to the operational action of our business. As for known facts, throughout the period of COVID, we have found several difficulties. • Customer Service and Support has clogged suddenly as the department had failed to communicate without their systems available at home. We have had several complaints posted on our forums as the staff has been unavailable to respond to the South-East Asia clients who did not experience the same lockdown period as we have. • Unfortunately, 80% of the creditors have refused to hold the payments made via postdated cheques. Besides this, George Lucas (CFO) has received an approval from the board to withhold all trade receivables even when the trade payables have been settled without any delay. Thus the finance department has been continuously complaining in terms of missing cash inflows. • In relation to the online licenses, the local clientele has requested for an extension during the period of lockdown. However, the suppliers have not approved any favourable reply to this. They have stated that during the extension of subscription, the product will be automatically recorded by the system and the calculation of 365 days is beyond their control. We already have an unhappy customer base with regard to this. • Unhappily, we had to suspend the entire temporary staff in the technical department as the finance refused to bare the massive overhead cost in the absence of sales being generated. As the decision was made in an instant, the excess workload is to be transferred among the permanent staff and they shall expect remunerations in return. 3 Despite all these issues faced, as you are aware the government has declared the lockdown to end on Monday, 27th October 2020. Resuming operations have seemed quite challenging due to known many facts, However, it is mandatory to implement attractive solutions to overcome the challenges and lead the team successfully. In order to face these challenges, I trust it shall be beneficial to influence and convince the employees the importance of leadership in order to survive this recessionary period. It is necessary to emphasize the fact that leadership is not about a hierarchical position and that no one will actually be penalised for leading an act or role within the organisation. By effectively implementing this, we shall be able to overcome below declared matters. Uncertainty Based on known facts, the pandemic has not come to a complete recovery stage within the market. Nevertheless, we will have to expect a second wave to arrive in the nearer future. Given this, it may seem extremely challenging to implement any new strategic change due to uncertain movements of an expected lockdown or ban in imports of raw materials. However, we could still convert the threat into an opportunity similarly as IKEA has started to produce wind farms and Mahindra & Mahindra functioning effective waste-to-energy projects post the crisis. (Busch, 2020) Implementing Change Adopting to the ‘new normal’ may seem quite challenging. However, it is critical to immediately accept the new environment and ensure effective steps are endured to influence the employees and make sure they also follow up. We should accept this an opportunity to grow rather than foresee it as a recession. While changing effectively it is necessary to consider impacts on all stakeholders. As at now we already possess unhappy customers and disappointedly terminated ex-staff amidst the unhealthy environment. The first and foremost action required to take is to eliminate unnecessary costs in a smart way by creating hybrid teams to work from home, allowing only the most necessary employees to report to work. However, this seems a bit challenging as it is required to have clever leadership styles to monitor the productivity of each significant remote worker. (Brownlee, 2020). 4 Health & Safety Protocols We seem it very challenging to resume operations within all the health and safety regulations to adhere to; according to the medical officials. As the WHO has stated, the virus is a community spread disease, thus minimum of 1m distance is required to be maintained without any close physical contact. (Q&A: Tips for health and safety at the workplace in the context of COVID-19, 2020). It is necessary to advice employees to wear safety masks at all times and we will have team leaders held responsible for neglecting of assigned conduct. Sanitizing cubicles will have to be set at all entrances and body temperature scanners to record all staff member identically against their employee IDs. We will have banners and posters around the hallways and public areas to keep staff posted about the precautions at all times along with mirrors for them to ensure they are wearing their masks every time they look into it. It should be further emphasized that this rule is adhered by all top level to operational level management without fail. Even though the famous saying emphasizes to “walk the talk”, at this case in point we will require all leaders to actually “talk the walk”. It is foreseen that ‘thought leadership’ is necessary to be accomplished in order to encourage the staff to actually abide to the rules. (Taylor, 2020). We are unaware as to how long the health precautions may have to be taken, nevertheless we have to ensure to be economical and safe both at the same time. As leaders it is necessary to protect the team whilst transforming the organisation into a better place to work. Managing Employee Attendance & Motivation As at date, the Human Resource Department has already received numerous e-mails from the staff stating the fear of coming into work and prefer to continue social distancing for a longer period of time. However, with the current situation of the organisation it does not seem healthy to pause operations for any longer. My personal suggestion is to smartly communicate the request of arriving at work by offering them an attendance allowance against 95% of reported attendance inspired by a transactional leadership style at this situation. (Becker, 2020) By doing so we will be able to expect a minimum of 50% staff coming to work. Conversely, since the organisation expects full productivity at this stage, it shall be required to engage in an autocratic leadership style by building a concept of eliminating staff who do not arrive at work against minimum of two warning notices issued. (Grewar, 2020) 5 Lack of Resources By eliminating the temporary technical staff, we are currently undergoing a deficit in meeting the demand from the market. Since majority of staff has denied regular attendance and it has been taking a longer time than usual for the work-in-progress, supply has reduced dramatically. Nevertheless, due to the lack of resources available in the market and challenges in carrying out globalised transactions post COVID, we should encourage the staff to utilize all available resources at every possible time. This could only be managed by proper communication skills emphasized and keeping the related people notified at all times. (Schroader, 2020) As per received statement accounts, we have faced a shortage in terms of financial resources and allocation of budgets for the active year are to be reduced in relation to the sustainable goals of the finance department. Through this we are to expect that operations positively evolve in the absence of full resources provided. Furthermore, an effective Crisis Management Plan would have to be introduced as a solution to the challenge. By naming each employee as a member of the Crisis Team, this will automatically convey the message to the workforce that everyone is responsible for recovering from the recession. The most effective style to endure during this process will be a coaching leadership style where power is assigned to everyone and all voices are heard. (Ibarra and Scoular, 2020) By becoming active listeners and considering employee suggestions will solve the problem. (Brownlee, 2020). Having considered above challenges which are to be faced post COVID, I personally suggest it is crucial to practice humility and create better partnerships with all stakeholders. Any dispute arriving during operations should be treated as a new problem and not recommended to be compared with past experiences. It is required to identify stress related concerns within the organisation by emphasizing distinctive leadership traits and being flexible enough during decision making. (Brownlee, 2020). However, it is not recommended to endure in leading strategic changes during this period as the key is to actually survive rather than concern about profits during the first stage of resume. Partaking the above, I assume the facts have enlightened you in terms of the challenges post COVID and how we can actually move ahead effectively as a team provided good leadership attributes are possessed. I further kindly request you to allocate the necessary resources for the 6 same and support us by creating an operational recovery plan to suit my suggestions. Yours Sincerely, Anjana Dasuni General Manager ABC Company (Pvt) Ltd 7 Assessment #2 – Mind map Total Word Count: 830 Board should consist of both non-executive and executive directors Role of CEO and Chairman to be separated Should represent an audit committee To setup the BOD Best Practice Extends to Extends to Challenges faced post COVID Hosting AGMs Shareholders Management To ensure that transparency is maintained at all times Starts with the Board Extends to Reviewing Risk Administrative Issues CORPORATE GOVERNANCE Dividend Distribution Enhance communication with mgt Active steps for board to consider post COVID Stakeholders Directors Providing confidence that business is being run legally Extends to Good Governance To ensure shareholder objectives are met Transparency Setting goals and objectives Accountability Create operating & info systems Stewardship Determining Strategy Integrity Providing Leadership Reassess Corporate Strategy Supervising the mgt Increases Economic Efficiency Trust 8 Increases Growth Enhances Reporting to Shareholders Investor Confidence 8 Notes to the Mind Map How is Good Corporate Governance Determined? Simply as it states, Corporate Governance refers as to how a company is governed and structured by a set of rules & practices. Effective governance within an organisation ensures that the board along with the management works efficiently to keep consistent with the decision making processes whilst assuring the interests of all stakeholders are met. (What is Corporate Governance?, 2020). The Board is directly responsible to influence good governance assuring that it is extended to the shareholders, directors, within the management and to other stakeholders. Having elaborated this, once these practices are comprehended to the directors, it is their key responsibility to act ethically and in accordance to satisfy and achieve shareholder objectives. These objectives include determining the organisational strategy by setting goals and objectives, providing leadership and supervising management and eventually reporting back to the shareholders. In order to emphasize good governance, it is required that below are maintained: • Transparency – It is necessary for a company’s activities and decisions to be visible and communicated to all stakeholders. By ensuring transparency within the shareholders and stakeholders, this provides confidence in terms of making decisions and being a part of the business. (Trust, 2020) • Accountability – Having corporate accountability refers to being collectively responsible and answerable for one’s actions within the organisation. This assures that every action and conduct is accepted liable in which the board will determine the nature of the risks willing to be taken, communicating a report to immediate stakeholders within regular intervals and inaugurating risk reporting. (Trust, 2020) • Stewardship – It is known that the rights of all stakeholders are to be protected within an organisation. Agents are to be held liable for balancing conflicts of interest of the entire stakeholder portfolio within a company. (https://www.accaglobal.com, 2020) • Integrity – This relates to corporate misconduct and how leaders with honesty and good moral principles reside within the organisation. It is identified to be widely important in today’s world due to the involvement of stakeholders within a business assuring that it is fraud-free and anti-corrupted. (OECD, 2015) 9 Having abided to the above creates trust ultimately increasing the economic efficiency, growth of the company whilst enhancing confidence of the investors. Will Corporate Governance be challenged Post COVID? Similarly, to other aspects; maintaining good corporate governance post COVID may seem challenging given the restrictions created through it. Annual General Meetings (AGMs) In general, it has been noted that an AGM cannot be delayed for more than 15 months. However, with social distancing it shall be inappropriate to have a large number of attendees at an AGM neither can the count be limited to fewer given the fact that transparency is to be evolved consistently. Under Irish Law, it is also concerned that virtual meetings are unacceptable. Thus it is recommended to facilitate this through hybrid general meetings where key shareholders are present at the AGM and others are connected by technology means of video conferencing etc. (Casey and Scott, 2020) Risk Review It is key that the board shows interest to commercial risks. If the company associates with a country highly affected with COVID, then it is the responsibility of the board to determine that necessary actions are taken to mitigate the risks in association to the links. (Casey and Scott, 2020) Administrative Issues Undoubtedly all organisations face issues in terms of day-to-day operations. With employees not reporting to work, it seems challenging to create transparency and ensure a procedure to systematically operate in terms of approvals and signatory (Ex: payroll etc). In order to overcome this, it is necessary to assign a committee of authorized people rather than relying on a single personnel. (COVID-19: Some considerations relating to Corporate Governance, 2020) Dividend Distribution With the unprecedented times, it is questionable as to whether the undivided dividends are to be distributed during this period. As this creates unhappy shareholders, it is uncertain whether good governance is practiced over here. As cashflow seems key during post COVID, the organisation 10 could either decide to liquidate assets to generate cash and settle dividend debts to overcome this challenge. (COVID-19: Some considerations relating to Corporate Governance, 2020) As per the above stated, the active steps for the board to actually consider is: • Enhancing Communication with management – The board should ensure sustained dialogues within this period as there is high uncertainty of health risks and operational encounters. Thus it is necessary to provide clear instructions to the management ensuring they remain fixed over a period of time. (Kucera, Simala, Noreuil and Brown, 2020) • Create Operating & Information Systems - By generating a reporting system, this will ensure that all stakeholders are kept posted about the relevant information within a timely manner and up-to-date. (Kucera, Simala, Noreuil and Brown, 2020) • Reassess Corporate Strategy - As the pandemic has brought in new challenges to the companies, it is essential to reconsider the strategic direction of the organisation in order to align to good governance. (Kucera, Simala, Noreuil and Brown, 2020) 11 Assessment #3 – Blog Total Word Count: 1388 How important is it to sustain the Organizational Culture within a Post Pandemic crisis? Basics of Organizational Culture Any and every organization has a unique technique of behaving and simply doing things, which is known as the organizational or corporate culture. Organizations have distinct attributes to one another in terms of corporate culture. (D.Watkins, 2020) A strong culture ensures that it always stays in line with the company’s strategies, vision and mission statement standing as a key considered area of most successful companies. (Baumgartner, 2020) The work culture allows employees to run on a common platform and define company policies in an attractive way. Whilst being established by leaders of the company, it has a significant impact as to how innovative and creative functions of an organization lay. However, an unsuccessful culture could also result in the demolishment of the business’ activities. (Understanding and Developing Organizational Culture, 2020) Effects on Corporate Culture Post Covid 19 As we are aware, the pandemic has created transitions in almost all aspects of a business, making it challenging for most leaders. Besides many other, the organizational culture is one of the key affected as identified below: • Changes to Symbols Symbols of a company are expressed by the setup of the workplace filled with employees wearing appropriate attire as prescribed by the culture. However, with the new-normal of social distancing and working from home, it seems very demanding to actually get to work wearing the assigned attire. Even certain employees reporting to the workplace could now be seen behind Perspex screens wearing Personal Protective Equipment. This has created a shift in the guideline of the culture. (Spicer, 2020) 12 • Changes to Rituals & Routines Back in the days, employees had the opportunity to actually relieve their stress through their casual water-cooler talks around the corner, where they became much flexible to each other during work. Meetings ended with tea and snacks to enhance the knowhow of the team creating a comfortable workplace. However today, all of this has been replaced by virtual/online meetings creating an adjustment to the cultural rituals. (Spicer, 2020) Furthermore, it has created a practical problem in approaching customers and communicating the values of the company due to the crisis. (Spicer, 2020) • Changes to Control Systems & Power Structures The company’s culture can be determined by the way it is controlled or by the method power is distributed within the organisation. However, post Covid, it has been quite challenging as to how power can be dispersed within the hierarchy as the crisis has twisted the mindsets of people and leaders find it fairly difficult to control the work assigned to employees. Shifts to the leadership styles have also contributed to the way employees are controlled changing the cultural aspect of the organisation. How has shifts in the culture affected the business? The corporate culture contributes to the improvements of a business. However due to sudden shifts to it, the operations of the business has also been affected. Below identified are a few of them: • Competitive Advantage Corporate culture has always subsidised to the competitive advantage of the company. At certain instances, the culture of a company has allowed to win over competitors by communicating the values in order to attract business. As a result, the downturn in the culture has brought in reductions to the competitive advantage. (Brower, 2020) • Encouraging people and enhancing skills Even though this is quite unknown, the culture contributes to the productivity of the employees. The greatest issues during this period is where cultures have been put into stark and employees 13 have the opportunity to clarify whether the proposed culture is actually put into practice. For instance, companies which spoke about high technology have been unable to technologically facilitate their employees to actually work from home. This has allowed the employees to decide whether or not they will actually sustain within a company which does not live by the word. (Brower, 2020) How could you actually sustain the corporate culture post Covid? The biggest challenge of maintaining culture has been due to remote working implemented by businesses post Covid. As hard as it is, it is also extremely important to maintain the culture as well. Establishing culture while working remotely 1. Induce real time virtual meetings Methodology in hosting meetings could be on top of the list of any company. Different organisations have their own ways of accommodating their conferences or weekly meetings. Remote working has permanently removed this practice from the usual. However, zoom meetings or video conferencing could be done regularly planning it meaningfully by sending a questionnaire to every employee prior to the meetings. This could provide the confidence to the teams that the culture of gatherings remains the same where each individual has the opportunity to present their ideas and bring in questions just as they were seated round the conference table. (Myers, 2020) 2. Support in providing a similar workplace at home Many employees have complained that working remotely has not provided them the usual environment and comfort to focus on their work which has affected the levels of productivity. Organisations are required to create this outer environment by facilitating with the needful in order to provide the workplace culture at home for everyone. Companies such as HSBC have not only delivered essentials such as laptops and internet connections to their employees, but also travelled to the extent of facilitating with ergonomic chairs, large screen monitors and office tables respectively to setup their own workstation at home. (Khetarpal, 2020) 14 3. Educate leaders consistently It is the sole responsibility of leaders to continuously motivate and communicate employees in relation to maintaining the culture of the organisation. Leaders should be consistently trained and motivated themselves as to how this could be done. As leaders are key in setting the culture, they are the only ones who could actually convey the values effectively. (Brower, 2020) 4. Over communicate and build inclusivity In a general workplace talking to the next desk is as simple as that. However, working remotely has created a barrier to this. Always ensure that the team knows when you are logged into work, make it a practice to have lunch together as usual and ensure that, not only work is communicated but to also post the results in the group before ending work daily. This will assure the whole team is kept engaged and informed about how well subordinates are working from home, ultimately not only supporting to maintain culture but to enhance productivity as well. (Cook, 2020) 5. Have trust in your team Having trust in your team is extremely vital, specially to sustain a culture. When work is carried out remotely, it is necessary to trust employees and monitor them in such a way that they do not get offended. If you could trust the fact that your team works similarly as to how they would work physically at office, the results would truly be imaginable. (Chandiramani, 2020) Conclusion The sudden breakdown has affected the corporate culture in so many aspects as observed throughout. Relatively has it also contributed to affecting the organisational strategies. Every organisation has a unique culture whether it is accepted or not. Besides other daily challenges and best practices, maintaining the culture is extremely important as it is the key to achieving the ultimate goals and mission of the company. (Holub, 2020) If an organisation could collectively contribute to sustaining the culture during this period, this will ensure all stakeholders are kept satisfied whilst ensuring that the business accepts the crisis as an opportunity to grow rather than a period to sustain. 15 Recommendations Below stated are a few recommendations for organizations use in the pandemic in order to fulfil the corporate culture effectively: • Organisational leadership must take active part to remove anxiety and uncertainty from the stakeholders by providing them motivation to cope with the culture during the downturn • Organisations should ensure that the pandemic is spoken about and employees have required knowledge about the future plans of the company • Organisations are required to stick to the culture even when working remotely • Organisations should consistently check on the team and address to any official issue they encounter due to post pandemic situation How effective do you think it is to maintain organisational culture in a post Covid environment? Any further suggestions? Anjana Dasuni November 12, 2020 Available at URL: https://organisational-culture-post-covid.blogspot.com/2020/11/howimportant-is-it-to-sustain.html 16 Assessment #4 – Business Report How should effective leadership be implemented in approaching the new normal? To : CEO, ABC Company (Pvt) Ltd From : XYZ Management Consultants Total Word Count : 1685 17 Table of Contents 1.0) Introduction…………………………………………………………………………………19 2.0) Leadership in a new work context 2.1) The new normal for workplaces…………………………………………………19-20 2.2) Leadership skills required post Covid 2.2.1) Accept everything as an opportunity………………………………..…….20 2.2.2) Ability to manage people remotely……………………………………20-21 2.2.3) Ability to take processual change through uncertainty……………….…..21 2.2.4) Maintain good governance at all times………………………………..…..21 2.2.5) Managing working capital…………………………………………….…..22 3.0) Leadership styles in pandemic 3.1) The Transformational Leader……………………………………………………….22 3.2) The Regenerative Leader……………………………………………………………22 3.3) The Technological Leader………………………………………………………..…22 3.4) The Contingent Leader…………………………………………………………..22-23 4.0) Conclusion………………………………………………………………………………….23 5.0) Recommendations………………………………………………………………………23-24 18 1.0) Introduction The COVID 19 Pandemic has created a greater impact to not only the health of the community but to the entire economic system globally. Whilst many industries have been affected within this, businesses have no option but to adjust to the ‘new normal’. What really is this new normal? The greatest significance occurred with the crisis is the change in flexible working arrangements such as working from home or working according to a roster. (Harper, 2020) However along with this, several challenges have been identified; how will employees be motivated? Or how will productivity be monitored? Besides working from home, the new normal has adapted people to several health, safety and security guidelines. Social distancing has become the newest practice within all communities followed up by several health precautions such as regular sanitization and wearing masks. How will this affect the psychological aspect of employees? Will this be practical in the working environment? Above all, most companies are currently experiencing scarce resources and facing difficulties in budgeting and forecasting with the uncertainty. (Change and uncertainty - the business impact of COVID-19 - Emergn, 2020). In order to facilitate these issues, it is necessary for a true leader to take place. True leadership is where an individual has the unique ability of driving his/her followers to achieve a successful goal. (Prentice, 2020). A true leader will have the capability to cleverly enhance productivity within employees by allocating the required resources in the right time at the right place; effective workforce management. (What Is Workforce Management? | Genesys, 2020) Throughout this report you would be addressed as to how leaders should approach the challenges by efficiently leading and managing organisational resources whilst adapting to the new normal. I trust this shall be beneficial for you and your organisation as well. 19 2.0) Leadership in a new work context 2.1) The New Normal for Workplaces The COVID-19 pandemic has created significant changes today to the entire globe as a whole. Even though the cause is significantly unknown, it has been noticed that globalisation and several technological enhancements have contributed to the crisis. As a result of this, the government has induced several health guidelines where remote working has become the largest challenge in today’s work life. (Ilo.org, 2020) 2.2) Leadership Skills required Post COVID Leading through a crisis may seem very challenging. From the thinking patterns to the process of implementation it is necessary for leaders to adopt and accept change. Below are few identified aspects to be approached by leaders: 2.2.1) Accept everything as an opportunity During this period, leaders should acquire the ability of seeing opportunities in everything. Leaders should be broad-minded to see the positive side of day-to-day activities and have patience to deal with the workforce and wait for results. (Llopis, 2020) 2.2.2) Ability to manage people remotely The toughest challenge during this period would be to monitor the workforce remotely. With the principle of working from home, it is natural that anyone could bore themselves and lose focus easily. On the other hand, every employee complained about being mentally stressed without usual interactions at work. However, whilst certain roles can be handled by the work-from-home concept, certain other have to be hands-on at the workplace. (Mull, 2020) However, Big giants such as Google, Microsoft, Amazon, Paypal etc are successfully embracing this change for a longer period. Whereas CEO Jack Dorsey of both Twitter and Square has announced the work from home practice forever. (Kelly, 2020). The secret behind their successful approach is by: 20 i. Setting goals By assigning guidelines and setting boundaries effectively to employees, this will allow to ensure they engage in their work successfully. Leaders should have the capability to outline each team member’s performance through this and evaluate accordingly. (Gurchiek, 2020) ii. Creating connections and engaging with the team With the new normal, it is natural for most employees to feel isolated and disorganized. Over effective communication and being actively engaged with the team through video conferencing, creating blogs or having a chat forum once in a while will enhance the connections with the team assuring a healthy relationship. Gurchiek, 2020) iii. Hosting regular meetings Regular meetings are necessary to be held in order to keep employees informed about new company improvements, achievements and to pass the message to each individual that the rest of the team is also engaged actively quite similarly to them. This will provide them the confidence similarly to being in the real working environment. However, ensure they are kept short rather than lengthy meetings. (Gurchiek, 2020) iv. Building tech-savvy skills In order to function within the new normal, it is mandatory for all leaders to be tech-savvy and build their IT skills. This is quite essential in order to align day to day activities with remote access having a solid knowledge about Cloud, Data Systems, Data Literacy etc and the internal IS Infrastructure. (Lukins, 2020) 2.2.3) Ability to take processual change through uncertainty Covid 19 is a new experience for all generations living on the planet, bringing challenge to leaders in taking decisions where they should acquire the ability to take unplanned and instant changes when required. In order to do so, it is necessary for leaders to be transparent at all times with the workforce by communicating new policies. It is further required for them to maintain consistency at all times. (Who.int, 2020) 21 2.2.4) Maintain good governance at all times During a period where employees get to work from home, changes have occurred to retail distribution etc, maintaining corporate governance within the organisation is extremely important. Especially when it comes to dividend distribution which has been tough to implement with the scarcity of financial resources. It is necessary to consider holding the dividends for a period of time, or distributing in portions. However, leaders should be smart enough to practice this in such a way that governance is maintained effectively. (S.Paine, 2020) 2.2.5) Managing Working Capital Financial resources are key during a crisis as such. The key task in this is managing the trade receivables and liquidating inventory. It is necessary to ensure high liquidity and low profitability in order to survive whilst assuring overtrading doesn’t take place. Thus, leaders should smartly discover a method in reducing the cash tied within the working capital rather than focussing on the traditional ‘cost-cutting’ approach. 3.0) Leadership Styles in the Pandemic 3.1) The Transformational Leader Transformational Leadership determines providing innovation, enhancing performance whilst creating a primary vision and mission aligned up with developing the personal developments of his/her followers. (Cinnioglu, 2020) It is foreseen that during such crisis, a transformational approach is necessary to assure followers will significantly accept the charisma of the leader and build trust. 3.2) The Regenerative Leader In comparison to the traditional styles, it is more viable to approach a new way of looking at things. As we have all foreseen this crisis occurring through nature, it is essential to give back to the resource providers whilst utilizing resources. This is clearly emphasized in a regenerative leadership. As such leadership is approached, this contributes to the long term sustainability where survival is crucial in such a period. (Hutchins and Storm, 2020) 22 3.3) The Technological Leader Above all styles, it is observed that being a leader during this period is technologically important. Such leaders will create strategies in such a way to suit modern technologies whilst meeting organisational objectives. Such leadership will guide employees to use technology effectively and efficiently. (Cinnioglu, 2020) 3.4) The Contingent Leader This type emphasizes leaders who possess the capability of matching a given situation rather than adapting to it. It is noticed that the contingency approach relates to the success of a leader who does not solely depend on his/her abilities. If a leader’s effectiveness is contingent regardless of the leadership styles to suit a certain situation, this is what is required in a pandemic as such. 4.0) Conclusion Through effective leadership, this new normal could be accepted as an opportunity to grow rather than a threat. As per the findings, it is challenging to specifically target one leadership style or a single approach to be taken in order to deal with the new normal. Successful leadership is having the capability to act as a combination of a transformational, regenerative, technological and contingent leader. Many followers shall possess tacit knowledge and suggestions as to how to deal with the new arrangements where it is the leader’s responsibility to withdraw such capabilities. 5.0) Recommendations #1 – Simply, accept the new normal It is impossible to actually change the new normal rather than accepting it as it is. Leaders should be able to define smart objectives in order to achieve shot-term goals within the crisis ensuring there are backup plans consistently. #2 – Carry out Training & Development Rationalizing training is not the smartest move for a leader to approach. In a period like this, special training is required to boost the mental wellness of employees while adjusting them to 23 work with the pandemic. With effective T&D on technological enhancements, it will be possible to improve their technical abilities which will be productive with new working arrangements. #3 – Assure communication with stakeholders The most affected ties to this would be the external stakeholders rather than the internal stakeholders. They will have a huge power towards the movements of the business as they are capable of implying regulations and demands at their convenience. Thus, it is crucial to bring in changes to the style of dealing with stakeholders. #4 – Willingness to Change There will not be any fixed guideline as to how the business should operate within these times. However, it is required to adopt to change at any given time whenever required. An autocratic or democratic leadership shall not be the best to approach. #5 – Develop contingency plans Scenario planning and contingency plans could relatively support decision making as there is an evaluation of an outcome which is quite important during this period. Operational contingency planning will enable technology to remain credible between leaders and followers. While building trust within individuals, it reduces the impact created due to changes in business’s objectives. 24 5.0) Reflective Journal Model – Gibb’s Reflective Cycle Description The unit of Leading and Managing Organisational Resources had a broad subject line including topics of leadership, corporate governance, ethics, finance, performance management, productivity enhancement, information systems, organizational culture and change management. Concluded the unit with how globalization, power and politics affects an organization. Feeling As operations and business development manager to the organization that I work for, this unit was a good experience. My initial thought was that leading an organisation should be done by a CEO of the company and my role was to manage according to the organizational goals and vision set by our superiors. Evaluation While studying this unit my perception of being a manager changed drastically as I understood that being manager, I can bring change to the company as a leader. I have had the misunderstanding that leadership relates to seniority within an organisation or a certain position within a hierarchy of an organization. Throughout the unit, many theories and frameworks have proven this fact wrong and that leadership is all about influencing and maximizing the efforts of others to actually reach their ultimate goals. Analysis Due to the current situation, monitoring productivity levels and performance is a huge challenge. Information system session and based on the classroom discussions held, we clearly concluded as to how a culture could still be maintained during a work from home concept and why it is important to be done. The financial learning taught me about cost management and theories on economic recoveries which I had never come across earlier. This cleared many of my doubts in relation to the articles I had been currently reading on several recoveries of economies. The teachings of Corporate Governance, CSR and ethics required for a business was clearly revealed in the unit. 25 Eventhough I had learnt the content in my career, I was able to demonstrate a better understanding on how CSR practices could be actually implemented during a crisis and how important it is to do so. Being an operations manager myself, leadership styles like veryday leadership and reRgenerative leadership has pushed me to reevaluate my leadership style and I have raised recommendations to my organisation from the first 3 weeks of learning. As a team we started an employee review program where we give due credit to high performing employees. I was able to come up with a process improvement plan to cut overhead costs of the company where knowledge gathered from work capital management was a big advantage. The assignment also cleared a lot of problems which arouse due to the pandemic situation. The shift of leadership style worked really well as I feel that I have gained the respect and attention of my followers. Learning about CSR was really useful, but the CSR plan me and my colleagues came up with did not get approved. Even though we were able to convince the board that it can gain long term sustainability to the company in reality shareholders try to avoid spending. It is evident that it takes time to change the organisational culture but the knowledge gathered from this unit has improved my way of thinking and contribution towards the organisation. That keeps me motivated to become a leader and keep on trying to make change in my organisation. Conclusion Throughout the unit, all areas significantly taught me how effective leadership should be in line with managing key resources of the company; HR, Finance, IT etc. It provided a broad exposure to many learnings any individual should have within a master’s level programme. The whole concept of the e-portfolio enhanced my technical knowledge better, where I was able to experience doing a Blog for the first time. I trust it would be better if the duration of the unit was longer than the rest since it had so much content to process within a very short period. So, I personally felt whether we were exposed to the bases of each area. Nevertheless, guided learning has provided a vast amount of resources to refer to allowing us to actually put theory into practice by the smart evaluation. 26 Action Plan As I have described in my analysis, I have actioned most of my learnings. 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