(Solution) 5OS06 AC2.3) Discuss your organisation’s (or an organisation with which you are familiar) current approaches to leadership and management development
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Diverse Leadership and Management Development initiative
Aramco’s Global Leadership Development Program (GLDP) emphasises diversity by choosing participants from various cultural, educational, and professional backgrounds (Aramco, 2024). Through having a broad representation of employees from different regions and departments, the program ensures that the representation of leadership pool is diverse, in which leaders are able to understand and deal with the need of the diverse organisation more adequately. This initiative is effective as it builds cross- functional collaboration, bringing leaders who value different perspectives together (CIPD, 2022). Diversity in leadership roles encourages creativity and innovation, essential to combat challenges in the fast- evolving energy industry.
Inclusive Leadership and Management Development Initiative
Saudi Aramco’s Women in Leadership Program is a key program that aims to increase representation of women in leadership roles, enhancing inclusivity (Aramco, 2024). The program combines mentorship, coaching and specialised leadership training in order to give women the skills and confidence required to take the roles of senior leaders. Through its tailored development pathways with access to high level leadership roles, the program creates a place for women to thrive. The initiative has proven to be effective since the number of women in senior roles across the company is increasing. Such inclusion is important because it brings a safe space for all employees regardless of gender, to contribute to their full potential (Miller, 2023). The program not only helps break down traditional barriers to leadership by supporting women’s advancement, but it improves overall organisational innovation and performance by leveraging diverse talent pools.
Leadership and Management Development Initiative for Equality
The Equal Opportunity Leadership Development Program at Saudi Aramco seek to promote fairness by offering leadership training to all employees irrespective of their gender and race (Aramco, 2024). The program is based on a merit-based standardised process of selection that eliminates biases from talent development programs and provides all employees with leadership opportunities. As the program reduces systemic inequalities and is a merit-based program for career progression, it encourages employee trust and cohesion, hence proving to be effective. This is important in that it helps create a work environment where everyone feels valued and supported and in turn builds a culture of equality and fairness that results in the organisation’s staff feeling engaged and committed to their work, which in turn enhances the company’s long-term sustainability (CIPD, 2024a).
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- In conclusion, the findings in this report indicate that Woolworths is currently using Ariba and SAP systems. This study covers the annual spend of Woolworths, the portfolio of Woolworths, their Category and Risk Management.
- Based on the study, Woolworths have to reduce their annual costs, and this may be supported by automation of as many processes as possible and this will also improve their efficiency and effectiveness levels.
- Woolworths also has made significant efforts in categorising its products and managing supply and other risks by having a wide pool of suppliers.
- Further, the introduction of online shopping has greatly boosted their market reach and their competitiveness.
- Woolworths also has to consider grouping all its purchases into categories. This will greatly ease the amounts spent on buying individual items since bulk purchases allow for great discounts due to the economies of scale.
- Further, category management will ensure that the entire supply chain is managed effectively and efficiently with minimal instances of supply chain disruptions.
- Woolworths also must prioritise its stakeholders and acknowledge the role that each stakeholder plays and how this contributes significantly to the overall growth of the firm.
- Stakeholders have to be informed and involved when major decisions are to be made as this will enrich the strategies, contributions and suggestions brought forward.
- Stakeholder analysis is also key to maintain the stakeholder relations which improves not only the reputation of Woolworths but also the market share of Woolworths. This gives them a niche in their market.