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Subject:
Management
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Essay
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English (U.S.)
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Topic:
Leadership Style of WL Gore & Associates Inc. (Gore)
Essay Instructions:
Explain how management theories and models influence management practice of company Gore.
Document Brief1 is the requirement for the whole research paper, but for this order, we only need to do the Introduction & Leadership style (use any leadership style framework you have studied) &Influences on Demand for your company’s product discuss 3 demand factors. My chosen company is GORE.
W. L. Gore & Associates is a US-based manufacturer that specialises in making products that utilise advanced materials. Its best-known product is Gore-Tex fabrics. Founded more than 60 years ago by Bill and Vieve Gore, WL Gore makes industry- leading products while employing over 11,000 Associates worldwide.
Need a different writter from the order 00149063
Essay Sample Content Preview:
Leadership Culture and Demand Forces
Introduction
Organizations operate in a diversified business environment, influenced by multiple internal and external factors. Organizations sustain under such circumstances by deploying the right leadership style that best fits the business model and cultural philosophy. Leadership is essential for organizations to make necessary progress during shifts in market dynamics (Lotayif, 2021). This paper aims to measure the leadership style of WL Gore & Associates Inc. (Gore), a reputed American company. The leadership style would analyze the microenvironment factors of the company. The paper will further examine the influences on the demand cycle of the company. The examination would undergo a detailed overview of the macro environment to determine the performance efficacy of the company through external influencers.
Company Background
Bill and Vive Gore started the company in 1958 to excel worldwide in the tangible goods sector. The company specializes in manufacturing new polymer materials used in medical, fabric, pharmaceuticals, biotechnology, and other leading segments. The company leads the global market for fluoropolymers. Gore is recognized for its creativity, reliability, and technology integration within the production processes (Gore, 2022). Gore operates as a responsible enterprise. The company is committed to optimizing production processes by complying with the environmental, health, and safety benchmarks. Gore operates with the philosophy of “Improving Life” for each stakeholder. The fundamental stakeholders include customers, associates, investors, employees, and regulatory authorities. Today, Gore generated revenue of USD3.8 billion in FY2021. The company has more than 11,500 employees that serve the core objectives. Gore invented more than 3,400 solutions to simultaneously serve different fields through polymer processing in more than 25 countries (Gore, 2022).
According to Craft (2022), Gore generated USD3.8 billion in FY2021. The company offers a diversified product portfolio. The product portfolio manufactures industrial goods for different sectors, such as aerospace, land, automation, textile, and energy. However, the company has a significant reputation in the textile sector for manufacturing polymer materials. The company engages in direct competition with Intuitive Surgical and Molex. Both competitors manufacture products for different sectors. Molex specializes in manufacturing subsidiary materials for different sectors. Intuitive Surgical manufactures technological materials for healthcare and software companies. Gore exhibited 8% aggregate growth since FY2019 (Craft, 2022).
(Comment: Do they have competitors in the same industry? Good to have some financial figures but that need citation. What about products and services?)
Gore operates on four guiding principles:
* Freedom
* Fairness
* Commitment
* Waterline
The guiding principles allow Gore to make effective and timely decisions necessary for sustaining the business model. The company believes in innovation, integrity, and teamwork in routine business activities. The beliefs build a corporate culture for Gore, creating a unique business identity. Gore collaborates with different industry players to circulate its products and accomplish collective success in the long run (Gore, 2021a, 2021b).
Discussion:
Leadership Style – Gore follows the transformational leadership framework in the business model. The transformational leadership style is a devised framework to manage diversified stakeholders and situations through collectivism, nurturing, and shared culture (Islam, Furuoka & Idris, 2021). Gore focuses on managing stakeholder relationships through diversity. The company considers employees as associates by providing them with stock options. The approach allows employees to work closely with the internal leaders with minimal power distance and a strong communication network. The company ensures that employees contribute to navigating Gore towards continuous improvements, particularly during a crisis. Gore operates in a shared culture by practicing diversity and inclusion. The company does not segregate associates based on gender, ethnic bac...
Introduction
Organizations operate in a diversified business environment, influenced by multiple internal and external factors. Organizations sustain under such circumstances by deploying the right leadership style that best fits the business model and cultural philosophy. Leadership is essential for organizations to make necessary progress during shifts in market dynamics (Lotayif, 2021). This paper aims to measure the leadership style of WL Gore & Associates Inc. (Gore), a reputed American company. The leadership style would analyze the microenvironment factors of the company. The paper will further examine the influences on the demand cycle of the company. The examination would undergo a detailed overview of the macro environment to determine the performance efficacy of the company through external influencers.
Company Background
Bill and Vive Gore started the company in 1958 to excel worldwide in the tangible goods sector. The company specializes in manufacturing new polymer materials used in medical, fabric, pharmaceuticals, biotechnology, and other leading segments. The company leads the global market for fluoropolymers. Gore is recognized for its creativity, reliability, and technology integration within the production processes (Gore, 2022). Gore operates as a responsible enterprise. The company is committed to optimizing production processes by complying with the environmental, health, and safety benchmarks. Gore operates with the philosophy of “Improving Life” for each stakeholder. The fundamental stakeholders include customers, associates, investors, employees, and regulatory authorities. Today, Gore generated revenue of USD3.8 billion in FY2021. The company has more than 11,500 employees that serve the core objectives. Gore invented more than 3,400 solutions to simultaneously serve different fields through polymer processing in more than 25 countries (Gore, 2022).
According to Craft (2022), Gore generated USD3.8 billion in FY2021. The company offers a diversified product portfolio. The product portfolio manufactures industrial goods for different sectors, such as aerospace, land, automation, textile, and energy. However, the company has a significant reputation in the textile sector for manufacturing polymer materials. The company engages in direct competition with Intuitive Surgical and Molex. Both competitors manufacture products for different sectors. Molex specializes in manufacturing subsidiary materials for different sectors. Intuitive Surgical manufactures technological materials for healthcare and software companies. Gore exhibited 8% aggregate growth since FY2019 (Craft, 2022).
(Comment: Do they have competitors in the same industry? Good to have some financial figures but that need citation. What about products and services?)
Gore operates on four guiding principles:
* Freedom
* Fairness
* Commitment
* Waterline
The guiding principles allow Gore to make effective and timely decisions necessary for sustaining the business model. The company believes in innovation, integrity, and teamwork in routine business activities. The beliefs build a corporate culture for Gore, creating a unique business identity. Gore collaborates with different industry players to circulate its products and accomplish collective success in the long run (Gore, 2021a, 2021b).
Discussion:
Leadership Style – Gore follows the transformational leadership framework in the business model. The transformational leadership style is a devised framework to manage diversified stakeholders and situations through collectivism, nurturing, and shared culture (Islam, Furuoka & Idris, 2021). Gore focuses on managing stakeholder relationships through diversity. The company considers employees as associates by providing them with stock options. The approach allows employees to work closely with the internal leaders with minimal power distance and a strong communication network. The company ensures that employees contribute to navigating Gore towards continuous improvements, particularly during a crisis. Gore operates in a shared culture by practicing diversity and inclusion. The company does not segregate associates based on gender, ethnic bac...
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