despite the knowledge of his many flaws and incapability. One of the main strengths of a leader is to acknowledge what is a challenge to them and opening up avenues for others in their team to help in the weak areas. McFarland lacked the experience to plan an entire project from start to finish and all the relevant in between events. His last major venture
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performance
and satisfaction of employees and other major stakeholders. The role of the leader/manager is to guide his/her organization to choose the best path in line with the goals and objectives of a project or the corporation. Although McFarland is very good at inspiring confidence and instilling a sense of success
marketing
and talent producer to individuals who were not directly employed by the company
the interrelatedness of every aspect of an organization means that a change in a given area would ultimately affect multiple parts of the firm. The organizational structure
means that there is a way to ensure that the said effects are reduced or augmented when the changes are positive. However
there would have been an accountant to provide proper budgeting and other related project financial management and assessments. It would have allowed for better control of how the finances were utilized in the Fyre Fest project. In addition to that
there would have been a project manager who would have assessed the situation
organizations that have professional leaders are able to develop the right hierarchies
ensure that all the employees know their roles in the company
it is clear that he lacks effective leadership qualities to ensure that Fyre Media realizes its goals and objectives. He also lacks the basic leadership qualities to lead and to inspire others. He believes in taking shortcuts and is not afraid to take illegal steps to succeed. His failure to adhere to the advice that was provided by experts in different sectors
and decision not to pay his employees after the festival had flopped clearly shows why he is not fit to lead. Exhibit A shows how a better decision making criteria would be used at Fyre Media
there is a need to begin healing the fractured walls that make up the teams within Fyre Media. A team meeting is necessary to improve the overall position of the firm. The new leadership team will brief other departmental heads on the way forward
tasks
the process and approach at Fyre Media of specifying objectives
paradigms
Fyre Media will be able to develop a detailed financial plan to ensure that they meet financial obligations to stakeholders such as suppliers and employees
and are able to provide reasonable financial projections to their financial partners. An improvement of the financial management function at Fyre Media will ensure that potential investors do not pull out of possible partnerships. For example
