Maximizing Human Capital for Organizational Success Essay

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Introduction

Every company’s foundation is its employees and management, which, combined, strive to achieve the set objectives and contribute to the growth of the organization. In this situation, the main responsibility of the management is to ensure the smooth flow of the operations and lack of risks, meanwhile, the employees must provide efficiency and results. However, not all businesses are successful at creating the perfect workplace environment that minimizes the risks and suits every stakeholder’s interests. For example, Atlantis Global Corporation’s main struggle is a decreasing demand for their product and, therefore, plummeting revenue. Nevertheless, the focus on operational results and sales figures without giving proper attention to the team will not lead to success since cooperation is essential.

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Main body

First, it is vital to determine the leadership style of each party. The leadership style of John Dawson, the CEO, is autocratic. This style has certain advantages, such as ensuring productivity and quick decision-making (Long, 2019). However, when it comes to the given issues, his leadership style will only lead to a lack of trust due to poor attention given to employees’ demands. In turn, Shawn Williams, the VP, has a democratic style of leadership, which results in such pro as a deep connection between the team and the management. However, its decision-making is relatively slow and, in a fast-paced environment, might become burdensome (Long, 2019). Therefore, the approaches that each party implements are opposite.

My leadership style is coach-style, which is quite similar to the democratic one. However, the difference between the two is that the coaching style puts more emphasis on each individual on the team and focuses on their talents and importance to the department. During the briefing, I will use my style to illustrate the intrinsic value of human capital by demonstrating how a group with complementary talents and exceptional skills can contribute to the company and its revenue. I will accentuate that this will only be accessible if strategies are aimed at improving the workplace environment and its conditions.

As a result, human capital management strategies must be first aimed at the needs of the team. I will promote the introduction of a more vertical hierarchy, with each employee given a specific role and incorporating clear objectives and incentives for the team. Consequently, there will be a lower turnover and better opportunities to recruit and retain talent. At this moment, the organization’s operations difficulties stem from a lack of communication and motivation for employees. Thus, when focusing on each individual’s needs, with a coach’s leadership style, it will be possible to improve the workplace environment and efficiency. For example, Apple is among the companies with similar leadership styles. Their approach to the employees is based on satisfying their needs with holistic approaches, from medical plans to gym memberships and self-improvement courses (Long, 2019). With a clear understanding of staff’s demands, it will be easier to increase their satisfaction.

Conclusion

Hence, since teamwork is crucial for success, concentrating only on operational outcomes and sales numbers will not be successful. Although the VP leads democratically, the CEO leads in an autocratic manner. My leadership style is coach-type, which is quite reminiscent of democratic leadership. My approach will highlight the inherent value of human capital by stressing the need to enhance the working environment and its conditions. As a result, team needs must come first in the development of human capital management strategies.

Reference

Long, J. M. (2019). Management and leadership skills that affect small business survival. Anthem Press.

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IvyPanda. (2024, April 25). Maximizing Human Capital for Organizational Success. https://ivypanda.com/essays/maximizing-human-capital-for-organizational-success/

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"Maximizing Human Capital for Organizational Success." IvyPanda, 25 Apr. 2024, ivypanda.com/essays/maximizing-human-capital-for-organizational-success/.

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IvyPanda. (2024) 'Maximizing Human Capital for Organizational Success'. 25 April.

References

IvyPanda. 2024. "Maximizing Human Capital for Organizational Success." April 25, 2024. https://ivypanda.com/essays/maximizing-human-capital-for-organizational-success/.

1. IvyPanda. "Maximizing Human Capital for Organizational Success." April 25, 2024. https://ivypanda.com/essays/maximizing-human-capital-for-organizational-success/.


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IvyPanda. "Maximizing Human Capital for Organizational Success." April 25, 2024. https://ivypanda.com/essays/maximizing-human-capital-for-organizational-success/.

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