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Optimistic younger's
GROUP MEMBERS
NAME SAFIL AHMED BUSHRA BIN-TE BAHAR MD. ATAUR RAHMAN SAIFUL KARIM KAMRUL HASSAN ID 160 180 141 176 158
TOPIC
LEADERSHIP
INTRODUCTION
LEADING is an important part of management process. Leader is the person who leads. Leadership as the process the use of non-coercive influence to shape the groups or organizations goals, motivate behavior toward the achievement of those goals, and help define group or organization culture, as a property the set of characteristics attributed to individuals who are perceived to be leaders. Any exact direction can not be fulfilled properly without leadership. Because the leader doesnt work but forced others. There are various styles of leadership like: Autocratic, democratic free-rain etc. different organizations follow different leadership styles. For as reason, we have to discuss about the wide dimension & Varity of leadership & its implementation of an organization which is STANDARD CHARTERED BANK.
Leadership is what
Leadership is a way to inspire the worker for completing work.The way which creates communication through intimate relation with workers for acquiring the main purpose of that organization, is called leadership. Any expect direction can not be fulfilled properly with out leadership. Because the leader dose not work but force other.
A simple definition of leadership is that leadership is the art of motivating a group of people to act towards achieving a common goal. Put even more simply, the leader is the inspiration and director of the action. He or she is the person in the group that possesses the combination of personality and skills that makes others want to follow his or her direction.
Types of Leadership
It is difficult to find out the right idea about leadership. We get a lot of idea about leadership from the running of the society to modern state through leadership. There are three main leadership styles. These are : Based on formalities Based on types of motivation. Based on types of using power
LEADERSHIP
Based on Formalities
Autocratic Leadership Formal Leadership Informal Leadership Positive leadership Negative leadership Free rein Leadership Democratic Leadership
Autocratic Leader
Follower
Follower
Follower
Democratic Leader
Follower
Follower
Follower
Follower
Follower
Follower
HIGH
LOW
LOW
HIGH
Under this managerial grid there are four extreme styles: 1.1: Impoverished management style:
Manager concerns themselves very little with either people or production and has minimum involvement in their job.
9.9 : Team Management: Managers who display in their actions the highest
possible dedication both to people and to production. They are the real team managers who are able to mesh the production needs of the enterprise with the needs of individuals.
Managers who are concerned only with developing an efficient operation who have little or no concern for people and who are quite autocratic in their style of leadership.
BACKGROUND:
The Standard Chartered Group was formed in 1869 through a merger of two banks: The Standard Bank of South Africa founded in 1863, and the Chartered Bank of India, Australia and China, founded in 1853. As its operations came under threat from nationalization programmers in the countries in which it was present in the 1970s, the bank sought expansion in developed countries, particularly the USA. A Standard Chartered Bank (HQ) in Singapore. In BANGLADESH, Standard Chartered merged in Grind lays' operations, making Standard Chartered not only the largest foreign bank in the country, but the only one with branches in all four provinces.
In Bangladesh
Standard Chartered Bank is the largest international bank in Bangladesh with 25 Branches and 50 ATMs; employing over 1,300 people. We are the only foreign bank in the country with presence in 6 cities - Dhaka, Chittagong, Khulna, Sylhet, Bogra and Narayanganj; including the country's only offshore banking units inside Dhaka Export Processing Zone (DEPZ) at Savar and Chittagong Export Processing Zone (CEPZ).
Standard Chartered Bank believes in Democratic leadership. Leaders are very supportive to their subordinates. They consult with subordinates on proposed actions & decisions & encourages participation from them. They give full freedom on their subordinates so that they can give their own opinion, can express their knowledge properly. Leader distributes their(followers) works based on their ability & after finishing their work they send feedback to the leaders. Sub-ordinates have full freedom while they are doing their work efficiently & enthusiastically. All departments follows Democratic Leadership style. Because they believe participative or supportive style & by following this style they achieved different successes at different times.
Large & complex interconnection to the outside world. Aim is to achieve the right level of security through implementing an appropriate risk-based strategy.
Suggestions
The bank is using the IS very efficiently and increasing its profitability, but still there are many things that should be improved. With the increase in the technology, the bank should made its IS up-to-date for providing best services to their customers and attracting more customers and increasing its productivity. The security of this system should be made. Credit cards system should be improved providing the unique facilities to their customers which the other banks have not yet introduce.
CONCLUSION
Standard chartered Bank is one of the most renown Bank in the word. Its banking management proves that its leadership ability is not only good but also the best in the era of banking. Although this organization have some problems but these can be recoverable. With some effective steps which are described in previous slide can improve & upgrade its overall management system as well as leadership.