• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The Importance of Leadership to Effective Property Management.

Extracts from this document...

Introduction

ASSIGNMENT DECLARATION SHEET COURSE: Rural Business Management Three MODULE: HRM301 - Human Resource Management ASSIGNMENT TITLE: The Importance of Leadership WEIGHTING: 20% of unit WORD LIMIT: 2000 DUE DATE: 26th March 2004 LECTURER NAME: Tony Hudson STUDENT NUMBER: 1407 WORD COUNT: 1020 DECLARATION: I certify that I understand the terms plagiarism and collusion defined in the Examiners Guidelines (page 5) and can therefore declare that the attached work is entirely my own, except where work quoted is duly acknowledged in the text and that this work has not been submitted for assessment in any other module unit or course. SIGNED: DATE: ASSIGNMENT COVER SHEET COURSE: Rural Business Management Three MODULE: HRM301 - Human Resource Management ASSIGNMENT TITLE: The Importance of Leadership WEIGHTING: 20% of unit WORD LIMIT: 2000 DUE DATE: 26th March 2004 LECTURER NAME: Tony Hudson STUDENT NUMBER: 1407 WORD COUNT: 1020 The Importance of Leadership to Effective Property Management EXECUTIVE SUMMARY FARM BUSINESS LEADERS TODAY, FACE UNPRECEDENTED CHANGE, COMPETITION, AND COMPLEXITY. PERFORMANCE EXPECTATIONS CONTINUE TO RISE, AND PREDICTABLY, THE IMPACT OF RELENTLESS UNCERTAINTY AND PRESSURE IS TAKING ITS TOLL. ...read more.

Middle

There are two ways in which respect can be gained. The first is by possessing natural people skills, thus being likeable and gaining respect because of mate ship. Although this type of leadership can be quite effective especially in smaller businesses it will require additional leadership skills to ensure adequate people resource management. It is these skills that can be acquired or learned. People management skills can be learnt and are required in order to maintain moral between both staff and upper management. This relates also to legal implications and indeed skills involved in conflict resolution between staff. Similarly there are many other skills that are relatively simple to practice and may appear to be common sense in most cases. Although these practices can be taught, most business leaders are unaware of the big differences that subtle changes can make. Therefore the difference between natural leadership through peer respect due to personal nature and the finer points of leadership must be noted and educated in order to create improved farm business managers. ...read more.

Conclusion

Business wealth is created through increased staff efficiency as a reduction in labor cost per unit of output is achieved. Also staff is more likely to maintain machinery etc. to a higher level, which reduces maintenance and or replacement intervals to the business. Similarly there will be an increased marketing advantage, as the business will be held in high regard and spoken highly of. Therefore effective leadership creates wealth for a farming business, although relatively small cash outlays may be encountered. Conversely if farm managers are unaware of the implications arising from poor staff management the opposite of the above examples will occur and in that instance leadership will be costing the business money. Conclusion There are many factors that will compile a good farm manager. No single facet is of outmost importance rather all factors will compliment one and other. Once a farm manager possesses a balance of these skills effective property management can be obtained. Therefore if a farming business desires to perform effectively it is of utmost importance to create successful leadership. ?? ?? ?? ?? 4 RBM - 3: Human Resource Management - The Importance of Management to Framing Businesses. BEN NICHOLS ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE People in Business essays

  1. A REPORT INTO HUMAN RESOURCE MANAGEMENT AT SAINSBURY'S

    In doing so, they hope to minimise labour turnover, attract new recruits and create an effective, productive working environment. Financial incentives can be like piece rates, commission or performance related pay. Performance Related Pay is used at Sainsbury's and is supported by Taylor who believes money is the key motivator to workers.

  2. Building Effective Teams.

    The first third should be a warm-up period, the second should be a heavy work period and the last third should be a period of winding down. The report rule suggests that all reports given to meeting participants should contain an executive summary.

  1. Human resource assignment

    This will include what skill may be needed; the training involved and tasks that need to be carried out within this job. A detailed analysis of the job may involve questioning the current jobholder using observational techniques. There are a number of questions that can be asked like: * Would

  2. GlaxoSmithKline's business is to discover effective medicines and healthcare products for people throughout the ...

    These include The National History Museum and National Museum of Science and Industry in the U.K. and The Philadelphia Museum of Art in the U.S. These investment programmes are reviewed regularly by The Corporate Social Responsibility Committee, which consists entirely of Non-Executive Directors and provides a Board level forum of

  1. GSCE Unit 2: People & Business

    This would be a big loss on a business like big brand clothes shops but Asda do not do this. Financer's banks Banks have a big effect on Asda and other businesses because if there weren't any banks then no-one would be able to start up a business because they

  2. how HRM orperate within any oraganisation

    2.4 Profit As Sainsbury has managed to provide shareholders with good, sustainable financial returns and have an outstanding shopping environment as well as excellent customer service, it has made a tremendous profit over the past few years. For example: * It made 14 per cent underlying profit before taxation growth

  1. Do effective managers also need to be good leaders?

    One might say that a manager is effective if the performance of the organisation they are working for is good; this performance factor could be measured through absenteeism or poor punctuality. This would be a good measure of how effective the manager is because if the level of absenteeism and

  2. Introduction to how business works?

    Then keeping track of how much they are spending. This is important, so the company doesn't spend too much money. . Giving information Another of finance's jobs is to give up to date information to Jack Markham and the directors on different money matters, such as: Income, expenditure, profits and bank balances.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work