Essay on Business Management and Leadership
Added on 2020-07-22
9 Pages2619 Words35 Views
|
|
|
BusinessManagement andLeadership
Table of ContentsINTRODUCTION...........................................................................................................................1P1 Recognise and distinguish key theories ..............................................................................12. Management and leadership styles that enable Sports Direct to grow....................................23. Team working principles and theory underpin effective leadership and management styles.34. Change Process facilitated by Sports Direct...........................................................................55. Ethical and value based challenges encountered by Sports Direct.........................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONBusiness management is a activities that are associated with operating firm suchas organising, planning, controlling, leading and monitoring. Through this they are able toachieve set goals and objectives in an effective manner. Leadership is action of leading group ofpeople. It is a ability of an organisation management to set and achieve critical goals, decision,task or decisive action. In an organisation, manager as well as leaders both are pay important roleto run whole business task effectively. In this assignment Sport Direct retail firm are select toknow key leadership theories. It is a British retailing group, introduce in the year of 1982 byMike Ashley. Sport Direct own large number of brand. They have around 200 store in UK. Thisreport covers working principles, ethical and value based considerations. It also covers changeprocess, management and leadership are enabled to grow form a single store to current marketsize (Goetsch and Davis, 2014).P1 Recognise and distinguish key theoriesManagement is a process of planning, dealing and controlling things or group of people.It is a act of managing, conducting or supervising whole business activities in an effectivemanner. Leadership is a process of manager, directing, controlling team member in to achieve setgoals and objectives in given time frame. Sport Direct is a large retailer of sports goods havingmore than 600 stores across the globe. Mike Ashley is owner of this British firm. There aresome key theories that is applicable in Sports Direct which is explained further: At the time when association started their work practices they were used to followdemocratic leadership style and according to this equal opportunities are provided to allstaff members in order to attain all goals in coveted time span and leaders inspires theirfollowers to share their innovative and distinctive thought with their co-workers. Properfeedback accepting system is established in company so that appropriate alterations couldbe made according to requirements (Vaccaro and et. al., 2012). Sports Direct has adequate recruitment and selection system in order to hire skilled staffso that new employee should bring specific talents along with specialisation. This type ofhiring system is score competency of organisation. This is a source which brings successand makes corporation able in obtaining higher market share and growth. 1
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
CEO retail sectori Mike Ashleylg...
|13
|4484
|86
Importance of Business Management and Leadershiplg...
|9
|2680
|45
Assignment Management System Case Studylg...
|9
|2251
|56
Application of Concepts of Organizational Behaviorlg...
|18
|4324
|211
Influence of Organisational Culture, Politics and Power on Behaviour and Performancelg...
|12
|4092
|84
Sport Direct: Leadership and Management Perspectiveslg...
|10
|2350
|459