Management of Lend Lease
MGMT901 Essay 2
Student number 3713593
Management theories as seen in http://www.lendlease.com.
Introduction
This essay presents several relative management theories and ideas which can be seen in Lend Lease’s website. Theses theories cover four aspects which are planning process, leadership and Organisational Culture, Change, and Diversity Management and motivation.
The planning process
To create the best places is Lend Lease’s vision (Vision-and-strategy 2012).It is a corporate level plan as it guides every single project the Lend Lease participates, big and small and provides a framework for all other planning(Waddell et al. 2007, p336). It also supports Lend Lease’s strategic direction ‘to be the leading international property and infrastructure group’ (Vision-and-strategy 2012). The “property and infrastructure” are the industries which Lend Lease intends to compete and the “international” indicates that the Lend Lease competes in world wide markets. So this strategic direction is a corporate level strategy.
To underpin the corporate plan, Lend Lease concentrates management resources into five growth areas: Urban regeneration, Aging population, Sustainability, Funds growth and Infrastructure (Corporate Brochure 2012). This is a business-level strategy as it states the methods that Lend Lease intends to use to compete against its rivals in international property and infrastructure market. This is also a business-level plan because it details long-term goals that will allow Lend Lease to meet corporate goals and the Lend Lease’s business-level strategy and structure (Waddell et al. 2007, p337).
Functional-level plan sets the goals to help the division attain its business level goals. In the web page of sustainability, it can be seen that in order to realize the Sustainability, Lend Lease’s approach is grounded by sustainability aspirations across environmental, social and economic categories. The Lend Lease is striving to do meaningful work that
Student number 3713593
Management theories as seen in http://www.lendlease.com.
Introduction
This essay presents several relative management theories and ideas which can be seen in Lend Lease’s website. Theses theories cover four aspects which are planning process, leadership and Organisational Culture, Change, and Diversity Management and motivation.
The planning process
To create the best places is Lend Lease’s vision (Vision-and-strategy 2012).It is a corporate level plan as it guides every single project the Lend Lease participates, big and small and provides a framework for all other planning(Waddell et al. 2007, p336). It also supports Lend Lease’s strategic direction ‘to be the leading international property and infrastructure group’ (Vision-and-strategy 2012). The “property and infrastructure” are the industries which Lend Lease intends to compete and the “international” indicates that the Lend Lease competes in world wide markets. So this strategic direction is a corporate level strategy.
To underpin the corporate plan, Lend Lease concentrates management resources into five growth areas: Urban regeneration, Aging population, Sustainability, Funds growth and Infrastructure (Corporate Brochure 2012). This is a business-level strategy as it states the methods that Lend Lease intends to use to compete against its rivals in international property and infrastructure market. This is also a business-level plan because it details long-term goals that will allow Lend Lease to meet corporate goals and the Lend Lease’s business-level strategy and structure (Waddell et al. 2007, p337).
Functional-level plan sets the goals to help the division attain its business level goals. In the web page of sustainability, it can be seen that in order to realize the Sustainability, Lend Lease’s approach is grounded by sustainability aspirations across environmental, social and economic categories. The Lend Lease is striving to do meaningful work that