This report consists of the leadership type that Bradford Banducci used in order to make Woolworths group number one retail store in the whole of Australia. It also consists of what type of leadership style Bradford Banducci used so as to make full utilisation of their resources. This report also consists of what was the condition of the Woolworths group before and after Banducci.
- Who is a leader and what are the various function of a leader?
- Who is Bradford Banducci and what type of leadership he used for Woolworths group?
- What re the advantage and disadvantages of the leadership style that Banducci used ?
A leader is the one that is responsible for the smooth functioning in the organisation and the leader is the one who will be responsible for the effective and efficient administration in the organisation. A leader will always help others grow with themselves and they will also help the team mates to do right things. They are the reason for the success of any organisation, as leader is the one that set the direction, inspires to create something new in the team. Leadership means the action of leading a group or a team. Leader has a quality of influencing other and help them in achieving their goals and objectives. Leaders can influence a team and they can also influence the entire organisation, Bradford Banducci is the one that influenced the entire organisation with his leadership skills. His leadership skills were top notch, with his leadership skill he was able to climb the ladder of the company in which he was working . Bradford Banducci is an MBA graduate from the Australian graduate school of management.
Earlier in 2015 Bradford Banducci was appointed as the managing director at the Woolworths food group and after in 2016 he became the Chief executive officer of the group. He was able to develop his leadership skills with the help of his knowledge and with the help of his experience in Cellarmaster and also with the help of the 15 years experience with the Boston Consulting Group. His training and experience began at a very young age as he was working in his fathers company in his teenage and there also he was the top seller in his fathers company and before that he was helping his mother at the age of 8 with packaging and making tea in her fashion retail store in Boksburg. Only because of all that experience he was able to make it to the position of Chief Executive Officer, Managing Director and the Executive Director in the Woolworths group limited. Currently Bradford Banducci is the chairman of Woolworths group limited and Woolworths group are one of the top and the largest supermarket store in Australia it was all possible because of the fact that Bradford Banducci was a very successful leader and he was able to influence whole organisation and take them all together with him. Although his success was sudden as everyone was shocked when the internal of the company in which he was working for 5 years picked his name. The reason for his success in the Woolworths was because of the fact that his leadership and the strategic insight resulted in the likeliness of the Woolworths board. With the help of his success Bradford Banducci is proving everybody wrong who was questioning his selection at the management post.
Before his coming the organisation was earning good like in the graph it is said as 44,287 million dollars in 2010 but after his taking over they were able to generate more then 58 billion $ sales coming of all the other operations.
His leadership techniques are known all over the globe because of its successful implementation. In all the companies in which he worked he left a very positive vibe and a positive note for himself. There are various leadership style and theories that Bradford Banducci was using, but the approach that Bradford Banducci used was the transformational leadership approach. Being a good team leader helped him in having and combining the team so that they can all work for the common goal. The transformational leadership style is the one in which the leader will work with organisation and the teams so that the they can identify the changes that are needed in the organisation. This type of leadership helped Bradford Banducci in creating a vision through the teams of various organisation in which he was working to guide the change with inspiration. This also helped him in executing the change in the organisation and with the help of this Bradford Banducci being a leader was able to inspire and motivate the employees so that thy can innovate the change. This technique also emphasis on the needs and the opinions of the employees and only through this Bradford Banducci was able to encourage the employees to work together and work with more and more efficiency and effectiveness. Bradford Banducci with the help of his leadership skill was able to lower the operating cost and it also helped him in increasing the engagement with the employees.
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When the engagement with the employees increased it lead to the decrease in the objection when some change is implement in the organisation. Some of the advantage that he got and that he availed while using this type of leadership are:
Spots Gap– one of the most advantageous feature that Bradford Banducci availed with his transformational leadership style was spotting the Gap in the organisational and with the help of spotting the Gap he was able to fix them or solve them.
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Encourage changes– when the employees are motivated and when the employees have inspired the rebellion regarding the change also decreases and this type of leadership also encourage the changes that are happening in the organisation. Through this leadership style, Bradford Banducci was able to create passions as everyone is excited to work for the new plan and new vision. He also faces some problems related to the time consuming and the problem of taking a decision in the group as some people are not comfortable in making the decision in the groups so they leave the discussion. This type of leadership showed that he cared for his employees and because of that he was able to make a good leader and the follower relation or the target market.