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The Importance of Leadership to Effective Property Management.

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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.

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