Developing Leadership and Management Skills in Burberry: A Comparative Analysis
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This report discusses the importance of leadership and management skills in Burberry, a British luxury fashion brand. It includes a comparison and analysis of leadership and management, key performance matrix of the industry, and organizational leadership and performance management.
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MG629 DEVELOPING LEADERSHIP AND MANGEMENT SKILLS
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Table of Contents INTRODUCTION..........................................................................................................................3 MAIN BODY...................................................................................................................................3 1.) Comparison and analysis of leadership and management.....................................................3 2.) Define key performance matrix of organisational sector.......................................................5 3.) Discuss organisation leadership and performance management...........................................6 CONCLUSION...............................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Leadership is a basic key of management. This competencies and dynamics are highly required for each and every organisation as it can recognise individuals performance on their fundamental capability and leadership skills is very for mangers to motivate a wide range of employee that derive a key success for future growth of company. Management is a key factor for any business who can manage overall organisation. Basically, it arrange production, integrate and assemble resources through men, machine and labour in order to accomplish organisational goals. Managerial skills is significant as it help to create a good relationship between all level of employees in business and it can maintain high quality connection. This process can done through handling effective potential of staff for doing work as it is a corporate management tool which help manger to monitor and control their employees work(Chen and Rybak, 2017).It can create a best ability to produce high quality work for maintain working culture successful. This report is based on Burberry, it is a British luxury fashion brand that deals in design and ready to wear trend coats. Itsheadquarters is in London, England, UK. It is famous multinational company which provides leather goods, fashion accessories, fragrance , eye wear, cosmetics and otheritemtoitscustomer.Thisreportconsidersevaluationandcomparisonbetween management and leadership, key performance matrix of industry, organisational leadership and management performance of an organisation. MAIN BODY 1.) Comparison and analysis of leadership and management. Leadership is refer to set new pathway for a team that can help to it for achieving organisational goals(Farrell, 2017).It is basically help to individual for understands in vision and work accordingly to achieve organisational goals Whereas management derive key activities of business that can handle by mangers. Leaders can focus on managing business environment through plan, organise and coordinate all organisational task. AccordingtoDucker-“Leadershipdefinesbehaviourqualityofindividualstowork enthusiastically towards achieving business goals.” Leadership Theories Behavioural Theory:It focus on behaviour of mangers, it define a set of learning all stages of human behaviour to identify and analysing key consequences that can occur
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individual's environment. Basically, it considers to observe various actions of leaders naf followers in a specific problem or any kind of situation. In case of Burberry, company can hiring two types of leaders for a company task- oriented( it can lookout company process for organised workflow of business in order to attaining organisation goalsand people oriented focus on solving individual issue that helps to do work enthusiastically and maintain a growth of fashion industry across world. Contingency Theory:It is leadership trait that analyse effectiveness of leaders on particular situation as it define maturity level of staff(Graber And et.al., 2017).This theory is based on certain situations. It is very significant for any business as it gives real view of business and management. In context of Burberry, this trait is helpful for solving situational problem which can arise due to internal as well as extrinsic factors. It help to enhance potential of mangers to learn about specific situation and try to solves it for future business success. Participative Theory:It is a ideal leadership trait that assist to encourage leaders participation and contribution towards group members that can feel more relevant or committed for decision making process. This leadership style is very simple to adopt they motivate leaders and utilize their participation for achieving a effective business goals. IN case of Burberry, This style can enhance morale of mangers to do something better for makingandeffectiveteam.Mangersprovidestheircontributiontowardsmaintain industry growth. According to American Association- “ Management refers to a development of people through plan and forecast, command on various business group that can work directly towards achieving common goals.” Bureaucratic:It refers to most efficient and better way to set up and manage entire organisation and this is required for big renowned company to achieve productivity and growth of business through various employees and staff(Houdek, 2017).It is a ideal level of management that bring power and structure in business. In case of Burberry, mangers and leaders of company can handle all organisational activities from production to selling. This can bring success in business and generate awareness.
ď‚·Rational:This model helps to enhance thinking capability of individual in business that can derive a continuous process that aids to mange and accomplish both individual and collective company goals. This models help business to handle to manage or allocate alternative resources in order to maximised social welfare and also focus on utilize specific resource that help to make business economy. In Burberry context, this model is beneficial for handling company resources as it is most essential aspect that every leader try to adopt it can generate human capital acceptability that help to secure future and deriving motivation. ď‚·Hierarchical:This is a structure which comprise direct chain of command in a hierarchy from top to bottom(Johnson, and Smith, 2018).It can make critical decisions that can move to subsidiary level of management. Any company can't mange or tackle their mangers, employees and staff accountability as it help to mange task in a sequence way. This model is used by Burberry industry as it can make a leaders hierarchy for checking their accountability in order to getting better results. It is a system that can organise things through power and productivity of business. 2.) Define key performance matrix of organisational sector. It refers to indicators that can measure quantifiable performance of individuals for achieving specific business goals. It helps to demonstrate effective working of employees towardsaccomplishorganisationtargetortomaintainitssuccess.Itinvolvesfinancial transaction and revenues minus specific expenses. Basically it is based on every customer efficiency their satisfaction and retention. Every business can measure aKPI's performance tracks through Software analytics and reporting tools. Following are the indicators that used by Burberry for measuring performance. ď‚·Revenue Growth:It define to generate revenues over a time and it can be measure in percent to increase with start point. Basically this can measure increasing and decreasing sales of product in business which can affect on entire growth of company. In case of Burberry, this matrix helps to examine demand of Burberry brand to its customers in marketplace which can influence channels of sale. ď‚·Net operating margin:It is also consider as key performance indicator the can use to check ranking purpose of business for attain organisational profitability(Leonard, 2017) . This matrix can use in percentage after deduction of wages, taxes and material that can
utilize by organisation. For Burberry, this indicator measure firm's competitiveness and in term or employees and organisational progress. This can help organisation to work hard and decrease cost of production. This matrix is very important as it upgrade performance on particular area. ď‚·Comparable sales growth:It refers to compare specific sales income performance after reducing effects on expansion(Marchese and et.al., 2019).This matrix is used by Burberry, as its is a fashion industry and its nature is dynamic. It is very important KPI matrix not only for fashion industry but also for investors and analysts as it helps to introduce real growth of business and also helps to identify certain opportunities. ď‚·Benchmarking:It defines a procedure to measure a key performance metrix of business and compare it with in organisational areas. For instance: This measurement tool is used compare process of one industry or stores with those who have another company in this same sector. In case of Burberry, company can use this matrix for measuring products and services, and various practices among several rivalries and those other company who can acknowledge themselves as a industry leader. 3.) Discuss organisation leadership and performance management. Thismanagerialskillinbusinesshasinvolvedmanagingperformanceofoverall organisation system as it directly derive culture of business(Marques And et.al.,2019).A successfulleadershipqualitycancreateadirectcauseoverorganisationandinfluence relationship between co workers of a company. A manger considers certain values, changes and inspiration of employees as this is helpful in shaping strategies through effectiveness and better execution. Importance of organisational leadership ď‚·Make a strategic plan:Any business focus on making a better plan for achieving organisational targets as it helps to enhancing organisational success. In Burberry fashion industries, leaders are people who can bring several strategies that aids to generating profit in business. They take responsibility to familiarise value of business culture as it derive enactment of strategy. A successful leader of business can fill these gaps through identify impact of internal and external factors and make a plan for implementing on such goals.
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Establishing Vision:Business can run their authority on some certain aims or mission which they want to complete in a specific time duration(Mesároš and et.al., 2021).For focus on Burberry vision, leaders performs a significant role who work as a liability in business. Vision can be specific or broad as it capture dreams, hopes and desire on some knowledge based workforce. In company, manger work as a innovator,analyst, decision maker, problem solver etc. Performance management defines continuous procedure where an individual or an organisation members working together in a group, control and monitor certain outcomes, set future business goals, and fulfil all development needs. For handling such things leaders play manger plays a important role for define clear expectations, monitor entire business performance and give them a required feedback. Following are significance of handling performance in context of Burberry: Align employees and resources:Every organisation working upon maximum utilization of resources that helps to do work in a effective manner. Organisation helps to align employees performance. In company,this procedure can built a consistent feedback by which business may retain and focuses on developing talent of staff. It also concerned about handling resources that can done through targeted work and examine effectiveness of employees. Effective communication between superior and subordinates:If a business can handle allworkingpotentialandmakeabetterteamundermonitoringwhole presentation(Pulakos, Mueller-Hanson and Arad, 2019).Then, this can create a high connectivity between leaders and their staff as they senior give a chance to their junior for sharing their views, ideas , facts, and opinion. Sometimes they might be useful for business. A mangers having good conversion skills can easily engage with anyone and convey their message clearly to them as it is required to get positive contribution from business. Set standards:A business can make certain ratios to its employees for performing several functions of organisation as it beneficial for givinga framework to staff in contexttowhatcompanyexactlyexpectsfromthem.Theyalsoallowanopen communication between staff this can help workers to understand specific responsibilities regarding their job role. These standards are define management expression that cab
approvedexpectations,requirementsetc.thatcaneasilymeetwitheligibilityof employees that derive a better appraisal. ď‚·Makeplansanddetermineindividualtraining:Thissystemfocusmakinga connectionbetweenorganisationalstaffasitassisttoenhanceworkinginthe workplace(Zanon, Ulhoa, and Esposto, 2021).Basically training provides a framework to worker about their duties, task completion and most important is hat exactly manager looking for. It is a continuous practice that can deliver by organisation to empowered and engaged with workforce. This can try to get deeper insight of skills and abilities in workplace.Suchspecificplansandtrainingforstaffaidtoimprovecompany presentation, employee loyalty and their retention, manging cost and accountabilities. This consumes very less time and remove barriers in work area and try to achieve goals with full consistency and efficiency. Therefore, managerial skills are intangible. They can enhance their potential through highly training and self-awareness , it can boosting impact on teamwork. In case of Burberry, leadership create a fierce cause of relation between fashion industry and success of their products and brands. As managership advertise high level of performance so that firm can set certain strategies or standards which can derive a feedback related to settings target. As a leader, individual take a responsibility for making a better performance appraisal that helps to generate a mode of conversion and recognition. This leadership style affect performance of Burberry as its a multinational fashion industry and it is deal with expensive class products to its customers so this skills affect manger in a positive way. It enhance their motivation for doing something better as if superior is highly inspired they can try to accomplish business goals through efforts of its well skilled staff. It can take delegate authority reduce conflicts and maintain a healthy conversion between employees. Thus, this can increase employee morale, give them value and enhancing productivity. CONCLUSION From above report, it is conclude that leadership and management is important part for any organisation both of them are interconnected with each other. If there is no leadership in an organisation then there in no effective authorisation. Manager is a person who can handle or take responsibility for enhance employees motivation through which they can work accordingly for
accomplishment of organisational goals. Basically, it is a organisational tool that can use for managing all organisational and operational activities. In above report chosen firm is Burberry which is multinational British fashion brand industry. They work for providing best quality to its clients that can enhance its image in marketplace. This company provide high class luxury products which derive a high satisfaction level of customers who belongs to elite class society. A well defined leadership and management styles help to maintain company environment which is most important as these factors protect the business from intrinsic or extrinsic elements. There is a common trait for an effective leadership and societal functioning for company success. However it is an potential of a person who can make a team or gave them direction in order to attaining organisational goals. This is commonly done by leadership attributes as it creates motivation and commitment among various followers to achieve targeted goals. This process can done through interaction between organisation leaders and brand followers. A management can work effectively through successful leaders, they are not made by born but they enhance themselves by their own continuous and never ending work. A manger can enhance their experience through acknowledge and learn organisational techniques, methods and behaviours for improve in terms of successful superior who can mange or control entire organisation easily. Managers can achieving goals through making certain strategies and ideas innovation that can boost economic growth of the company.
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