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Financial Plan In Legal Organization Assignment Sample

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Introduction - Financial Plan In Legal Organization

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Leadership skills are essential for managers who achieve a working environment in a difficult situation. Most business organizations are able to achieve positive goals and objectives of the business. The importance of this study is to explain the leadership skills of managers who want to active positive environment in the business. Leadership is required for managers who are able to manage difficult situations in the business. Kotter’s 8-step model is followed with powerful guidance which is able to communicate with the employees. Creating a sense of urgency is necessary for the business which is able to find out the potential output of the business.

A sense of urgency must be needed for the individual and that can able to find out difficulties and communicate with each employee. The purpose of Kotter's 8-step model is to design an important process that successfully minimizes organizational challenges. This model is focusing on creating urgency to improve the decision-making process which is able to find out potential solutions in the business. In order to, have active positive business goals leadership skills are necessary, are able to protect a team from unwanted threats. Managing, initiating as well as controlling is an important process which involves the sustainable performance of employees.

Communication skills are a must for a leader who is able to manage all the critical situations at that time. Continuously maintaining responsibility is the best way to identify and manage difficult situations in the business. Leadership skills are necessary to work in an efficient manner and be able to communicate with the individual. Leadership is important to function in management and it helps to maximize the efficiency level of the business. In order to, create a risk-free environment for the business is necessary and that angle to find out and eliminate the business obstacles.

Main body

a) Kotter's 8-step model

Step 1: Established a sense of urgency

Positive urgency, as well as set realistic goals, is necessary to identify the potential business output. Act of intention is necessary to create a positive sense of individual leaders which is focusing on the deadlines to complete the entire task within the deadline. Celebrating forward progress as well as setting realistic goals is focused on achieving leadership goals which are necessary for the business organization (Collings et al. 2021). In order to, maximize risk-free situations in the business is necessary to find out and minimize organizational difficulties. Leadership strategy is necessary to minimize organizational difficulties and can easily find out some potential business solutions. A sense of urgency is necessary to identify the potential business outputs which are able to find out some potential business solutions. The first step of Kotter's 8-step model is to find out some possible business solutions which achieve positive business output.

Step 2: Create a guiding coalition

In 1996, leading change is defined by professor John P Kotter, who is assemble and encourage individual employees to find out potential business solutions. Powerful guidance is necessary to cooperate with the individual employees and remove major business barriers to achieve long-term business succession plans (Rodríguez-Espíndola et al. 2018). There is significant creditability which is used by the organization and which is taken seriously by the organization. Identify the key characteristics is potential for individual organizations and that able to find out potential business solutions. Building numerous business objectives is necessary for the business and that is also necessary to increase long-term business objectives. Regular cooperation with nature is necessary and that can able to minimize the potential business outputs. Encouraging individual employees is necessary and they can able to find out important business solutions during critical situations.

Step 3: Develop a change vision

Find out general direction’s initiative with the streamlined process which able to find put potential solutions in the business. Efficiently coordinating with the efforts of each employee is focused on an effective leadership strategy which is necessary to quickly change the vision and strategy of the organization (Boylan, 2018). Adaptive leadership systems are necessary to develop a clear vision for the business and simply make the inspiring and ambitious business process. A smooth business running process is necessary which is followed by the current stage and describes positive goals and objectives to achieve business success. In order to, develop a visual strategy is important in the business to find out important goals and business objectives. Focusing on guidelines is inspiring workforce management to efficiently communicate with the organizational benefits.

Step 4: Communicate the vision

An organization probably has lots of communication strategies which is to set a realistic goal to achieve business success. Generate communicational skills are necessary to tackle major queries and build trust with the individual communities (Grilo Diniz et al. 2018). Identifying the moral strategy in the organization is necessary and that can be able to find out potential business solutions. In order to, demonstrate the organizational challenges are necessary to remove business obstacles to minimize challenging situations in the business. In order to, remove organizational obstacles is mandatory and can able to find out some potential business solutions during the difficulties. Involving new business ideas is necessary which is efficiently communicate with the obstacles and minimize them at the same time. A reward management system is necessary for individuals and creates proactive solutions to minimize difficulties.

Step 5: Remove obstacles

Breaking down organizational obstacles is essential for a successful business process and eliminating organizational barriers during the same time. Obstacles or barriers are common things which are faced by the organization and which are unable to find out the organizational values. Most business organizations are focused on removing major business obstacles which are identifying potential business solutions during difficulties (Delmonico et al. 2018). Creating proactive business goals is necessary to include a new vision to set up realistic business goals. In order to meet the organizational targets within the deadline is necessary to build problem-solving factors. Gradually setting more ambitious goals is the potential which is to build exponential momentum for individual stakeholders. There are some challenges in the corporate culture such as inconsistency, lack of communication and poor accountability which are eliminated by the specific step.

Step 6: Create short-term wins

Engage more stakeholders to execute each item of the organization and reward stakeholders are necessary to accomplish short-term goals. A reengaging effort is necessary for the product development cycle which is necessary and that able to find out potential business solutions. Cost reduction techniques as well as process improvement techniques are improving customer satisfaction techniques. Leading with transparency as well as demonstrating progress towards the goals is mandatory and employees are more motivated, as a result, productivity has increased. An efficient leadership strategy is a potential for individuals and short-term wins is improves organizational benefits (Nielsen and Taris, 2019). There are numerous challenges which improve the occupational health of individuals. In order to minimize major business challenges, an important way is to focus on short-term business goals. Sometimes insightful feedback processes are necessary which provide project momentum to complete the entire project within the deadline.

Step 7: Build on the changes

Analyzing the right or wrong situation in the business is potential and that can build more extensive solutions to increase stakeholders' achievement. Sometimes additional influential stakeholders are ensuring about the changing situation which is ensuring to manage company’s difficult culture. Possible opportunities are necessary for the business and leadership strategy always focuses on a particular factor. Individual business organizations are focusing on long ter4m business objectives and goals to recognize key coalitions and change individual members (Kumar and Krishna, 2018). In order to analyze the right or wrong situation of the business is essential and necessary to build momentum during a difficult situation. Building the change is a powerful way for future succession and expresses the major process which is necessary to achieve a long-term succession plan. Innovation is necessary to identify and minimize major business challenges and productivity levels are also improved by the specific factor.

Step 8: Anchoring change in the corporate culture

Anchoring change is the culture to change effort itself and which is necessary to meet positive business requirements in the business. In order to, discussion of the superiority of the business is necessary and which is clearly explaining numerous benefits to minimize new challenges. New or innovative approaches are necessary to find out potential business solutions and also improve organizational culture. Safe workforce management is depending on leadership skills which are ensuring the major business obstacles. Identifying the values as well as major benefits is necessary to change the corporate culture (Dauvergne, 2018). In order to, align with the organizational culture is necessary to connect with accountability and that can be a major part of an organization. A lot of communication is important for individuals that achieve positive goals and objectives of the business. Identifying the business obstacles is important which is empowering an organizational positive environment.

Develop leadership for managers

Developing leadership skills are important for leadership skills and managerial leadership development is necessary to find out great solutions in the business. The future governance of the business organizations is focusing on long-term business goals which are able to meet the system requirements of the business (Mogren et al. 2019). Management, as well as leadership opportunities, are necessary for the business and that easily identify the potential business solutions. Find out a mentor to learn hard skills which are necessary to involve furniture opportunities in the organization. Kotter’s 8-step model also focuses on creating a sense of urgency to maximize potential business solutions. Removing obstacles is necessary to eliminate major barriers to business. Leadership knowledge is essential to efficiently manage difficulties by communication. Leadership skills are the affinitive way to find out the best solutions in the business. Proactive business approaches are mandatory which is involved in the autocratic leadership style. 

Leadership encompasses is necessary formal and informal training processes also involved in the development programmers. Empowering employees' action is necessary for strengthening change, which is necessary to create short-term goals. Efficient leaders are focusing on an effective communication strategy which easily minimizes major business obstacles. Kotter’s 8-step model provides a clear vision to describe the entire process of the business. Communication strategy is most important which is able to find out potential business solutions. Identifying organizational culture is necessary and consolidating gains is creating a positive sense during difficult situations. Kotter’s 8-step model communicates with the vision to create short-term wins and also improves organizational culture. Transformational leadership style is a common leadership style in management and is also recognized as a leader’s important toolkit.

Reviewing of leadership style

Leadership skills are potential for individual employees and also communicate with the vision statement. Analyzing leadership styles is potential for individuals and leaders also influenced by Kotter's 8-step model and easily focus on their duties and responsibilities. Leadership performance review is the major purpose of business to find out potential business solutions. In order to, hardworking is necessary to meet business targets within the deadlines and also communicate with the potential business solutions (Mercer-Mapstone et al. 2018). Building relationship with each employee is necessary to efficiently communicate with great solutions. Autocratic, democratic, laissez-faire and transformational leadership styles are necessary for the business. Autocratic, democratic, laissez-faire and transformational leadership styles are necessary for the business. In order to, reviewing leadership styles is mandatory which improves organizational communication through training and feedback process. Analyzing leadership skills are mandatory which is necessary for individual leaders to efficiently communicate during a problematic situation. 

One superior in the IT organization was my manager whose current leadership style was affiliative in nature who was integrating social and emotional bonds with his employees with communicating effectively for project completion.

The purpose of Kotter’s 8-step model is to anchor the changes in corporate culture which is necessary to remove major obstacles to the organization. A successful implementation strategy is important and leadership styles also focus on organizational challenges. A clear description is provided by the change management model which is necessary to find out great solutions to the business. Identifying the major business difficulties is mandatory which involves employees' succession plan (Othman et al. 2021). Leadership styles are important to efficiently manage teamwork communication and a continuous feedback process also improves positive solutions. In order to, providing necessary business structure is mandatory to identify important business needs. Leadership review is initiating a process which improves communication between the team members. Leadership styles are necessary which is reduce problematic business situations during the same time.

Recommendations for leadership styles

The superior will readily suit the democratic leadership style as it will lead the manager to make better and effective decision making for the future in a large manner. Hence through this leadership style, the superior can solve unique problems of the organization with creating creative solution in a large way. For example: The superior can lead the role of authority in making diverse decisions of the employees and organizational growth for future perspective.

 Leadership styles are more effective for leadership styles and also improve future positions in the business. In order to have democratic leadership skills is necessary that is the most effective leadership strategy which allows for meeting potential business requirements (Mizrahi-Shtelman, 2021). In order to, maintain and build a robust network is important to identify business solutions and which is communicate with organizational benefits. The three important leadership styles are necessary for the implementation plan which is important for leadership styles.

b) Lewin’s Model of Change

Lewin’s model of change management model is an understood important framework of management which allows and implementation of required challenges during difficulties. The three-step model is developed and includes unfreezing, changing and refreezing towards a new way. Lewin’s identify human behavior with the help of three potential steps to achieve transformational business shapes. The specific theory also focuses on the long-term business goals which are the potential for the individuals. The change management model is including three potential steps which are necessary to rapidly involve great solutions in the business. Sometimes planned changes are required to identify the potential business output and easily enhance possible solutions. Refreezing is important to process and easily find out some major business objectives to set realistic business goals.

 Figure 9: Lewin’s Model

Step 1: Unfreeze

Individual people are involving positive support to find out potential business solutions. The three major stages are required to chive a succession plan to the business. Unfreezing is the first step in Lewin’s change management model which is developed short-term memory and long-term memory for individuals. The first step necessary to prepare individual members of the organization is ensuring to be aware of the current behavior of an individual (Engel et al. 2019). Unfreezing activity is involving some positive ideas to reshape organizational structure. In order to, identify business difficulties is necessary to eliminate unwanted threats to a business. Communicational strategy is necessary to involve innovative solutions in the business. 

Lewin’s change management model is three steps and finds out some potential outcomes of the business. Refreezing is important to process and set realistic goals to identify potential goals and objectives. New skills are necessary to identify problem-solving factors which are necessary to identify major business solutions (Netolicky, 2020). Human behavior also improved by the specific model and which is allows us to find out major solutions through effective communication. Unfreezing is the potential process that can easily find out potential business solutions.

Step 2: Change

Lewin’s change management model is necessary for potential outcomes which are necessary to find out potential business output. Understanding organizational change is necessary and potential requirements are met by the specific factor (Januario et al. 2021). Change refers to the second step which is necessary to involve a positive mindset after eliminating numerous obstacles. Specific theory is necessary to find out positive business sources, and also creates innovative shapes which are needed for an organization. Effective change is necessary for business but which is required positive knowledge and skills to identify the organizational difficulties. Innovative solutions are required for business and Lewin’s change management model also involves positive solutions to create problem-solving factors in business. Major business challenges of the organization are common and depend on the positive skills and knowledge of an individual.

Step 3: Refreeze

Archive transformational business process is necessary to illustrate the understanding of how people react when facing challenges to achieve a business succession plan. Freezing is the third step to illustrate the understanding of facing numerous business challenges. The three important steps are necessary to find out potential business solutions which improve desired outcomes of a business. Creating a strong perception is mandatory in the business which is to achieve positive goals and objectives of a business (AlManei et al. 2018). Positive support begins with the suggested changes in the business to minimize major business challenges. In order to, achieve transformational shapes of the business is necessary which includes refreezing. Refreezing is important to process and easily find out some major business objectives to set realistic business goals.

Implement the changes

Changes in financial and operation performance

Financial performance of an organization can changes by the help of Lewin’s change management model.  This mode can further help to identify the potential goal and objective of the organization. Further, this model can help to make the planning and strategy in order to fulfill the organization goals. One of the most important factors in the model, which can provide the extra edge to the organization, is proper communication. As narrated by the author Gruda et al. (2022), The management can set their long-term goals and create plans to reach them through the use of Lewin’s change management model. To determine probable outcomes and potential business output, Lewin's change management model is required. Understanding organizational transformation is essential, and the particular component satisfies any probable criteria. Positive answers are included into Lewin's change management model to provide characteristics that help businesses solve problems. As per the view of the author Golbeck et al. (2022), Major organizational issues are widespread, and they depend on the management's strong abilities and understanding. Although this methodology is applicable to cost analysis where the business must first determine the best strategy to increase profitability using Lewin's change management model before taking any action. It will help in enabling the business to trust in such reports and offers smart, fact-based judgments.

Changes in effective communication

Effective Communication has potential to improve the overall performance of an organization. Proper communication can establish in the organization by the help of Ewin’s change management model. As elaborated by the author Hamid and Younus (2021), Poor communication methods and poor operational performance has been identified in the organization which are creating long-term business issues. Maintaining a healthy corporate atmosphere is crucial for minimizing significant business challenges as well as enhancing effective communication. Sometimes there are issues with communication in the workplace, which affects profitability at the same time. Establishing efficient communication inside the company is necessary to improve operational performance. As expressed by the Westman et al. (2018), Business requires effective transformation and strong communication, but to detect organizational challenges as well as employee concerns, managers must be properly engaged and have positive awareness of the situation.

Discuss of the challenges faced by organization

Lack of communication

Lack of communication is a major difficulty which is faced by the individual business organization. Sometimes positive changes are required in the business which is necessary to identify and eliminate long term business difficulties. As narrated by the IbarraH. (2019) The leadership strategy and styles both are important in the business to achieve a succession plan. Implementation planning is involved by an individual business organization which is focusing on the positive goals and objectives of business. Long term business opportunities are mandatory but sometimes communication difficulties are involved in the business as result profitability also decreased at the same time.

A transformational shape of organization is mandatory which provides positive goals and objectives of business. Poor performance management is another biggest difficulty which is faced by the business organization and which is focusing on the positive business strategies. An efficient communication strategy is required to minimize long term business challenges and which is easily minimize economical challenges in the business. As stated by the author Alegado (2018), Long term business challenges are involved by the poor communication techniques and that easily find out potential business solutions in business. Maintaining a positive business environment is important and which minimizes major business difficulties.

Lack of leadership

Lack of leadership is the major problem that has been faced by the organization. Changes in the leadership are mandatory in order to identify the issues of the business. Moreover, the good leadership quality of the management can help to lead the organization as well as achieve the goal in the near future. As opined by the author Schoeller (2019), Long-term and also short-term opportunities are important for the organization but sometimes management problems are involved in the organization which create difficulty as well as reduce the profitability of the organization. Moreover, it can be stated that good leadership quality in the business can reduce the short term as well as long-term challenges. Good leadership in the organization can lead the organization and can help to motivate the employee in order to better performance. Moreover, it has been observed that insufficient leadership can reduce the employees' performance as well as the organization's performance. Moreover, a positive environment in the organization helps the employees to perform well and it can be provided by the higher management of the organization.

Challenges in making the planning and strategy

Planning and making strategy is considered as techniques of organizational management which help to lead the company and improve the performance. Sometimes, wrong planning and strategy can harm the overall performance of the organization. Good sufficient information can help to make the planning and strategy for the organization. On the other hand, wrong and insufficient information can affect the planning process by which the organization cannot achieve its goals in the near future. As narrated by the author Vakali et al. (2022), insufficient knowledge in the managers can hamper the planning process. In making the planning for the organization the management should prioritize the objectives of the organization, as it helps further help to make the effective strategy. In order, Refreezing is necessary to analyze and quickly identify certain key business goals so that realistic company targets may be defined.

Conclusion

Based on the adobe discussion it can be concluded that leadership strategy is necessary to identify potential business solutions. Most business organizations are focused on positive goals and objectives which to eliminate major business issues. Organizational challenges are minimized by the efficient decision-making process. Kotter’s 8-Step Model is important and can easily find out potential business solutions on the business. Communicating with the powerful solution and consolidating long term business gains is mandatory. Identifying business opportunities is necessary and Kotter’s 8-Step Model is necessary to identify potential solutions in the business.

Establishing a sense of urgency is necessary for businesses to eliminate major business difficulties. Creating important guidelines is necessary to maximize business opportunities and Kotter’s 8-Step Model is to develop implementation planning to achieve the systematic goals of the business. Communicating with a clear vision is important; to involve leadership strategy and which is minimize major business difficulties. Changes in organizational culture are necessary for innovative solutions in business and to take an action plan to identify major business steps to involve guidance for the entire process. The implementation strategy is necessary and also makes some dynamic solutions in the business.

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