The paper "Dick Smith’ s Business Success" is a great example of a management assignment. Effective leadership is important to the success of an organization. In the ever-changing business environment, effective leadership is taking precedence over efficient management because of the competition and leaders have the role of shaping the future for better results and survival of the business. In the case study, Dick Smith demonstrated great leadership skills and competencies that saw him succeed in the Australian environment that demands that leaders inspire followers and adapt to the business culture (Hanson et al 2011).
It is clear that Smith was a charismatic leader who was determined at transforming the business environment. He showed an extraordinary capacity to connect with the public, as well as gain the respect and admiration of workers and business leaders with the same measure. From, the case study, it is apparent that he was determined at influencing those who worked with him becoming successful. He was able to apply the transformational style of leadership, where he was appealing to follower’ s values and operating at a higher level as compared to his followers (Ramsey 2000). Question One: What do you think has contributed to Dick Smith’ s business success? Dick Smith’ s had the capacity to adopt changes towards attaining success in the challenging environments in Australia and other parts of the world.
He had the capacity to influence his followers through motivation in order to meet business objectives and goals. Dick did not only align and elevates the needs, as well as the values of followers; however, he also offered intellectual stimulation and increased follower confidence in the workplace. As evident in the case study, Smith behaved in a manner that results in him being admired, trusted, and respected, as well as finally becoming a role model.
He became successful because he demonstrated high moral standards and by showing optimism and enthusiasm. Motivation is an important leadership element that was evident in Dick’ s business. He used intrinsic motivation (compensation and remuneration) to inspire his followers; hence, increasing productivity (Viljoen & Dann 2003 ). Furthermore, the success attained by Dick was greatly promoted by his dedication to greatness. In this case study, Dick is seen as having inspired both his followers and other members of society.
Dick was a social leader that made him interact with his followers more easily. This made him understand his followers and make an effort to make changes to the concerns of his followers. It has been argued that leadership demands that leaders should demonstrate high-level standards in regard to morals and ethics. Smith succeeded in the business environment and other spheres of life since he is seen to observe Australian ethos. This made him be admired by many, leaders included as he became the role model.
He understood that in order to succeed in the business, it was important to observe the set ethics in the society to avoid some litigations that may negatively affect the reputation of his business (Hanson et al 2011). Dick always inspired his followers to observe and promote ethical standards. Additionally, Dick’ s success was anchored on his ability to develop a workplace culture that encouraged corporate social responsibility. The workplace culture in the business was important it inspired those who were with him to do the same.
For instance, he ensured that one-third of the profit from Dick Smith Foods was donated to a charity organization (Ramsey 2000).
List of References
Hanson, D., Hitt, M. A., Ireland, R. D. and Hoskisson, R. E. 2011. “Strategic Management: Competitiveness and Globalisation, Pacific Rim 4th edition”, Cengage, Australia.
Johnson, G., Scholes, K. and Whittington, R. 2008, “Exploring Corporate Strategy: Text and Cases, 8th edition”, Prentice-Hall, Pearson Education, UK.
Ramsey, A. 2000,’Evasive action on air safety’, Sydney Morning Herald 1 April. Pg 49;
Robbins, S. P., Bergman, R., and Stagg, I , 2007, “Management”, Prentice Hall, Australia.
Smith, D., Blakeslee, J., & Koonce, R. 2002. “Strategic Six sigma: Best practices from the executive suite”, Hoboken, N.J: John Wiley.
Thorndike, W. 2012. “The outsiders: Eight unconventional CEOs and their radically rational blueprint for success”.
Viljoen, J. & Dann, S. 2003 , “Strategic Management”, 4th ed., French Forest, N.S.W.: Prentice Hall.