Question

Describe ways in which leadership depends on communication in your organization (JPMorgan and Chase). Provide 2-3 specific examples.

Answer 1

ways in which leadership depends on communication for JPMorgan and Chase are as follows:

· Clarity: Communication creates clarity in most of the leadership activities. Effective communication makes followers clear about the leadership goals, objectives, and effectiveness of critical situations like organizational conflicts, sudden strategic failure, or reduced managerial output. For example,- clarity in leadership helps JPMorgan and Chase know about their future goals of occupying the developing markets.

· Personalization: Leadership is not about ordering employees from one side. Leadership needs two-way communication for a more personalized approach. Leaders depend on communication because it makes employees closer to the leaders. Hence, it helps leaders to take personalized initiatives to achieve a goal. Moreover, it helps to avoid leadership conflicts. For example, JPMorgan and Chase's leaders maintain personalized communication with employees to avoid any kinds of organizational conflicts.

· Feedback: Feedback is an effective way for JPMorgan and Chase to depend on communication. Feedback is a two-way communication where both leaders and employees react to other deeds. It helps in service improvement and overall communication development. For example, JPMorgan and Chase's leaders regularly exchange feedback with their employees to maintain a healthy relationship with them.