What is an organization? An organization is a structured group of people that are managed to attain certain goals. It can be understood from the definition that an organization has to be led or managed by a person or a group of persons. This highlights the importance of the role of a leader. An organization works by using the skill of the structured group of people to create products or services that could be used or profits or non-profits. The organization is managed using policies and strategies defined by the management to achieve the goals and visions. In the recent times, the global market scenario is ever changing and competition is rapidly increasing in all sectors. Increased competition is good for the consumer in many ways but may
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They adapt. In the current global scenario organizations have to constantly adapt to the new challenges. They can never use the same methods, strategies and technologies all the time. Rather they have to constantly adapt to new changes. Since the leaders manage the organization it can be said that it is the organizations success lies in their capabilities. They form a major part of the decision making which affects the goals, structure and vision which forms the foundation of the organization. Therefore any erroneous decision will affect the entire future of the organization and the workers. The importance of adaptability and responsiveness under an able leader can be illustrated with two contrasting examples. Adaptability can be defined as capability to respond to different situations. With reference to an organization it can be defined as the capability to cater to changing technologies and user demands. A few organizations under the guidance of capable leaders go a step ahead and create new technologies which “define” the market and competitors adapt to it. This creates a benchmark or target a market which now the competition has to …show more content…
It was founded in 2006 at a time when the aviation industry was very turbulent. It has been running under the leadership of Mr. Aditya Ghosh and Rahul Bhatia since 2007. Aditya Ghosh took charge at a time when the airlines had only 18 aircrafts and the profits being made were not huge. By august 2009, the profits made by indigo were 550 crores which made it the only airline in India to do so while the other airlines did not even make a profit. This rose to 650 crores by 2011 and the profits have been continuing since. The continuous profits being made, has been a record in the Indian aviation
They adapt. In the current global scenario organizations have to constantly adapt to the new challenges. They can never use the same methods, strategies and technologies all the time. Rather they have to constantly adapt to new changes. Since the leaders manage the organization it can be said that it is the organizations success lies in their capabilities. They form a major part of the decision making which affects the goals, structure and vision which forms the foundation of the organization. Therefore any erroneous decision will affect the entire future of the organization and the workers. The importance of adaptability and responsiveness under an able leader can be illustrated with two contrasting examples. Adaptability can be defined as capability to respond to different situations. With reference to an organization it can be defined as the capability to cater to changing technologies and user demands. A few organizations under the guidance of capable leaders go a step ahead and create new technologies which “define” the market and competitors adapt to it. This creates a benchmark or target a market which now the competition has to …show more content…
It was founded in 2006 at a time when the aviation industry was very turbulent. It has been running under the leadership of Mr. Aditya Ghosh and Rahul Bhatia since 2007. Aditya Ghosh took charge at a time when the airlines had only 18 aircrafts and the profits being made were not huge. By august 2009, the profits made by indigo were 550 crores which made it the only airline in India to do so while the other airlines did not even make a profit. This rose to 650 crores by 2011 and the profits have been continuing since. The continuous profits being made, has been a record in the Indian aviation