Leadership
Function of a manager
Think of different situational contexts (e.g., deal with uncertainty, strategy formulation, goal settings, etc.) in the context of Part 1: Page 3 of the Assignment Brief; and then examine those situations to show how the role of a leader and functional of a manager react into those particular situations.
Strategic buckets (also known as budget envelopes) allow you to align your project activities with the corporate goals and strategies defined in the roadmap. Organizations first define dimensions to budget against, such as strategic goals, product lines, project types, and geography.
Use Strategic Buckets to achieve balance while improving your idea discovery success rate
To achieve a balance between risk and reward, you can use horizon zones to define the mix of products in your product portfolio. Horizon 1 are the “sure bets” but also represent incremental growth. Horizon 2 has more upside than horizon 1 but are still within reach of current knowledge base inside and outside the enterprise. Whereas horizon 3 has lots of risk but represents potentially breakthrough innovation.
Managing in the zone
Each horizon zone should be managed with the right set of processes and tools specifically tailored to address the knowledge gap that exist in each horizon. Don’t forget that the very front end processes – i.e. discover and ideation – should also be managed with separate methods and tools to discover ideas that match the zone under management.
By recognizing the front end processes also need to be tailored to match the specific zone characteristics, you will improve your changes of discovering and selecting quality ideas that provide the fuel for future growth within each zone while achieving balance in your project portfolio.
- Strategy formulation
- Goal setting
Application of leadership and management theories: (e.g., select a theory and explain with examples how it could be applied to different operational situations in the context of Part 1: Page 3 of the Assignment Brief), You must consider situational leadership, system leadership and contingency leadership.
- Situational leadership: Directing, Coaching, Supporting and Delegating
----------------------------------------------------------------------------------
----------------------------------------------------------------------------------
Fiedler's Contingency Model
Merit grade: LO2: M2