Reuters Holdings PLC is a leading news corporation that offers digital information services to business entities and financial organizations. The multinational has its headquarters in London. Its benefits are utilized globally in at least 160 countries as a news media organization (Li, 2021). It employs every approach available in delivering and disseminating information and news through its connected network of photographers, journalists, and other media–related professionals. The company’s foundational perspectives are deeply rooted in independence, integrity, and freedom. Hence its operations are non-partisan, and the company does not participate in any particular interest faction or group. The company’s strategy is to target new clients through the newly updated Rewters.com. Such a strategy will attract a global readership with extensive and intensive data and coverage in the healthcare, legal, sustainable business, and automotive fields.
An organization requires the best leadership styles or a combination of more than one. Steve Hasker, the current CEO of Reuters Holdings, leads through charismatic and transformational leadership styles (Coleman & Bourne, 2018). The organization enjoys immense innovation processes of the company. The organization’s employees enjoy positive aspects of openness, empowerment, and creativity, which crucially boost the productivity of this multinational enterprise (Muhamed, 2019). This leader depicts and pragmatically applies his willingness to make profitable but risky business decisions. Steve Hasker uses open communication channels and transparency to ensure that subordinate staffs are accountable for their behaviors. This leadership style requires the CEO to inculcate optimism and positive motivation toward achieving shared objectives (Li, 2021). Lively character influences diligence and preparedness, leading to the acquisition of requisite knowledge and free information flow in and out of this corporate entity. Enthusiasm instilled through the transformational leadership model plays a pivotal role in developing a clear vision for growth and improvement.
Another type of leadership style Steve Hasker demonstrates there is charismatic leadership. In this leadership approach, the leader is primarily driven by charisma to gain support, generate results, improve the working environment, and motivate staff to influence change (Coleman & Bourne, 2018). Steve Hasker uses this kind of management approach to encourage his junior team by making them concentrate on long-term achievements instead of short-term results (Muhamed, 2019). These two leadership styles present a little challenge in accommodating the cultural diversity of Reuters Holdings. Top management of any multinational organization should embrace an assortment of leadership models because they deal with people who subscribe to different cultures. Multicultural settings are delicate to manage, and no default leadership technique is culturally accepted across all cultures. Executives need to understand the employees’ distinct cultures for successful business engagements.
The ability to approach complex problems is Steve Hasker’s inspiration. He has an excellent motivation to work with mega data, machine learning, and advanced analytics fascinates him (Coleman & Bourne, 2018). These skills need to incorporate and develop a multiskill managerial approach. Steve Hasker has utilized such expertise in numerous multinational corporations, which he has worked with and steered tremendous achievements in the past. Thus the preceding CEO of Reuters Holdings PLC demonstrated much trust in the capability of this transformational leader for his affirmative, constructive, and business success change-making capability.
If I were the appointed CEO of this corporation, I would choose a blend of culture-based leadership and transformational one because culture is significant in determining the organization’s success. Culture-based appreciates the unique and varied nature of the cultural backgrounds of the organizational workers. Managerial techniques offer inspiration and hence drive productivity and service delivery. I would embrace recruitment methods that support diversity and employ multicultural staff for the organization. Selection criteria would highly and handsomely reward working in a multicultural setting. The information dissemination would integrate and accommodate the insights that get support from the business strategy. Talents that come with incorporating diverse cultures contribute to organizational performance.
References
Coleman, S., & Bourne, M. (2018). Project leadership: skills, behaviors, knowledge, and values. Web.
Li, K. (2021). Reuters website goes behind the paywall in the new strategy. Reuters. Web.
Muhamed, A. (2019). One moment, please. One moment, please. Web.