Management Style, Principle, and Function of CEO in Retail Company
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This report discusses the management style, principle, and function of the CEO of a retail company. It examines the steps taken to achieve high performance and cultural change within the organization.
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CEO from the retail sector in the United Kingdom
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................4 A. Explain the management style, principle and function of management which are used by the CEO of retail company....................................................................................................................4 B. Examine the various step which are taken by CEO in order to followed organisation structure due to achieving high performance and change in the culture......................................................6 C. Discuss the leadership style of the CEO OF that firm.............................................................7 D. Analysis the effects of power, influences and conflict within the organisation context...........8 E. Examine the different types of motivation which are used by company..................................10 F. Appropriate corporate examples and literature to justify your stand........................................11 G. Describe and debate what suggestions / recommendations (strategies)...................................11 CONCLUSION.............................................................................................................................11 ................................................................................................................................................12 REFERENCES..............................................................................................................................12
INTRODUCTION Management style is process which refers to leaders and managers effectively managing business operations and activities. It includes various different style which are used by leaders and managers in order to motivating and encouraging employees. The superiors of organisation providing healthy working environment and culture for employees in order to effectively achieving organisation goal and objectives(Alatawi, 2017). The present report is about on various management style which are used by CEO of Morrisons who is David Potts of British business man. It includes functions and principle which are utilised by CEO of Morrisons. In addition to this, it includes organisation structure which are followed by leaders and managers and analysed the performance of employees. Present issues in Morrisons-: During COVID-19 pandemic situation has highly impact on retail sector in order to most of organisation is wind up on this tenure as well as affected the business functions and activity. David Potts is the CEO of Morrisons so in this case dead honest, hard worker and dedicated towards the work. He is great personality in order to during COVID-19 situation focusing business operation as well as effectively managing all the business activity due to pandemic situations. It include organisation manager formulating new strategies because effectively accept the challenges and accordingly developing plan. MAIN BODY A. Explain the management style, principle and function of management which are used by the CEO of retail company. Management style-: David Potts used various management style in order to effectively and efficiently run the business operations. It includes they are focusing various style due to enhancingprofitabilityandproductivityofcompany.CEOofMorrisonsfocusingon authoritarian management style in order to properly operating business function as well as managing activities(El Toufaili, 2018). It includes there managers effectively directing and controlling al the functions in order to employees duties and responsibility are predefined. In relevance of organisation CEO and managers followed proper hierarchical structure in order to management provides task to employees and they are accountable. In addition to this, it
considered as smoothly flow of communication and structure in order to top to bottom and vice- versa. Morrisons is one of the leading organisation in UK so they providing premium and quality products to their customers as well as increasing effectiveness of organisation. It includes leaders and manager more focusing organisation culture in order to serves the best practices for customers. Principle of management-:It includes most of organisation effectively adapting and work on the basis of principle of management. In context of Morrisons, it considered as used innovative tool and techniques in order to gaining competitive advantages. It focused on manufacturing of products and services in order to delivering quality products as well as enhancing profitability and productivity of organisation. There are ample numbers of issues which are effectively adapting changes in the basis of circumstances such as human changes and behaviour(Faizan, 2016). There are ample numbers of principle of management which are given by Henry Fayol and developing 14 principles of management in order to provides new insight, perception and opinion towards the management concept. CEO of Morrisons David Potts used the different principle of management as well as established in organisation in order to focusing on 5thprinciple of Fayol's such as unity of direction. This principle of management is 5thfrom the 14 management principle in order to engaging all the employees in different task but the goal is one and predefines so work for that due to achieving organisation goal and objectives. It involves many employees are working together in order to one motive and goal so accordingly there managers developing team spirit among the existing employees. In the pandemic situation of COVID-19 in order to developingstrategies in order to effectively and efficiently achieving main objective and goal of company. In this situation they providing ample numbers of services for customers such as online delivery in order to customers book grocery item through online and providing pick up home delivery. Functionsofmanagement-:Itincludesfunctionsofmanagementinorderto organisation implementing in order to smoothly and systematically run the business activity. There are majorly four functions of management which are used by Morrisons of CEO David Potts(Garza, 2018). There are main function planning, organising, directing and controlling in order to effectively adapting by David Potts due to properly managing activity so which are discussed below.
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Planning-: The main role and duties of CEO in order to effectively developing planning in order to attained organisation goal and objectives. It involves they are utilisation various resources as well as proper allocation of resources which are helpful to positive result and outcomes. It includes organisation manager delegated the activities and task to their employees in order to work accomplished within period of time. Due to pandemic situation of COVID-19 so they established online delivery of products and services and putting effort to satisfied the needs and want of customers. Organizing-: In relevance of organisation, it considered as CEO of company are working effectively and efficiently in order to focusing towards the goal and objectives. There are ample numbers of business function and activity are effectively organised in order to follow proper structure which refers to accordingly performing task and activity(Głód, 2018). It is essential to organized the business activity in order to managers smoothly conduct the business activity. Directing-: It includes manager and leaders focusing business activity and function in order toproperly directing among the employees regrading business activity and functions. In context of Morrisons, it involves mangers guide the staff members regarding business activity as well as effectively communicating in order to properly performing business activity. Controlling-: In relevance of Morrisons, it includes organisation and employees are actively performing business functions in order to achieving success and growth. It is essential to analysed performance of employees in order to effectively performed work and evaluating quality of work. It is process which refers to manager evaluating and analysed and accordingly providing guidance in order to make corrections in activity and projects. B. Examine the various step which are taken by CEO in order to followed organisation structure due to achieving high performance and change in the culture. Division structure-: It includes organisation utilised division structure in order to expand supply of goods & services. It includes organisation effectively supply of goods & services for customers. It is process which refers to divided or grouping of various division on the basis identifying the demand and needs of customers in order to product and services are effectively provided(Hallinger, 2020). There are mainly three structure such as product structure, market and geographical structure.
Product structure-: It is structure which refers to grouping similar kind of product and services in order to effectively served for customers. Market structure-: It includes market structure is refers to grouping different market ion the basis requirement of customers. Geographicalstructure-:Itconsideredasorganisationpresentonthebasisof geographical location in order to grouped together for one division. Morrisons is one of the organisation which are followed geographical structure as well as shift to market structure. CEO of Morrisonrefers to David Potts in order to effectively followed the hierarchical structure as well as communication flow smoothly. It considered as 11 million employees are working in the organisation so they effectively conduct their operations in across the countries, In relevance of organisation, it includes their management team formulating strategies in order to developing brand image in the mind of customers as well as capturing market share in the retail sector(Idiegbeyan-Ose, 2018). CEO of David Potts focusing on decision making process in order to spend huge amount in order to expanding business operation in another countries as well as ample numbers of mergers and acquisition in order to building goodwill at marketplace. Due to pandemic situation of COVID-19 organisation providing various services for customers as well as managing activity in order to not affected the profitability of company. There are ample numbers of retail stores such as 479 as well as larger presence all over the world. Culture-: It includes organisation manager and leaders focusing culture in order to providing healthy working environment for employees in order to performing business activity effectively. It is necessary to maintain corporate culture in as well as core values of organisation due to effectively analysed the threat of external environment. It includes developing plan on order to effectively deal with that and gaining competitive advantages. Impact on employees-:CEO of Morrisons focusing organisation culture because they have greater impact on employees and performance. It is essential to effectively management because ample numbers of retail stores operations and logistic activity(Ilham, 2018). Leaders and managers provided good working environment as well as CEO David Potts focusing on employees in order to developing good habit as well as serves the best services for customers.
C. Discuss the leadership style of the CEO OF that firm. It includes Morrisons manager and leaders used various kind of leadership style in order to effectively achieving organisation goal and objectives. CEO of Morrisons David Potts effectively adapting transformation leadership style in order to motivating, encouraging and guiding employees towards the working performance. It is process which refers to putting so much effort towards the organisation in order to developing innovative and shaping organisation in order to achieving success and growth in future. CEO of organisation focusing on technology in order to effectively applied in order to developing innovative and creative products and services. It includes focusing on various leadership concept such creativity, introduction of new ideas and advanced technology and many others(Kaarbo, 2018). The main purpose to keep changing because situation and condition of market not remain same so accordingly accepting risk and make improvements as well as performed effectively. Transformationalleadership-:ItincludesCEOofMorrisonsfocusingonthis leadership style in order to accepted the changes and make improvement continuously so effectively attained organisation goal and objectives. It includes developing team spirit among the employees in order to accepted the challenges, face them because they learn the various thing and gives new insightful. It utilised this leadership style in order to set the standard, mission, vision and values which are sharing to all the staff members. Intellect stimulation-: It is process which refers to this effectively used by David Potts in order to developing new innovation and creativity as well as motivating employees in order to generating new ideas in order to performed effectively. It is essential creative thinking because it make different from others and applied business activity in order to attracting large numbers of customers. Forward thinking-: It is necessary in order to effectively make plan and take decisions so future success and growth depends on this factor(Kohtamäki, 2019). The main aim and purpose of David Potts in order to increasing integrity in organisation culture and working environment. It focusing towards developing trust among employees through communication in order to achieving organisation culture and objectives.
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D.Analysistheeffectsofpower,influencesandconflictwithinthe organisation context. It includes Morrisons is one of the supermarket chain in UK which are serves the various products and services for customers. It was founded by in William Morrisons in 1899 and they are serves various products and services at affordable price for customers. It is provides the various kinds of product and services in order to enhancing standard of living as well as save money. It is fastest growing industry and retail chain in UK because it founded in 1899 so majorly serves the north of England after that they are serving south of England as well as global presence across the countries. It includes organisation serves the 11 million customers in order to providing products and services. In 2016, it opened their retail stores in many countries and 494 supermarkets across the England. It is biggest supermarket chain in UK as well as serves the various European market like Mexican, Canada, China and many others. It includes they are formulating various strategies in order to effectively implementing due to increasing effectiveness of organisation. It used effective manufacturing system in order toproperlyallocatedresourcesandreducingwastageswhicharehelpfultoenhancing profitability and productivity of company. Effect of power-:It considered as Morrisons focusing using function of operation management in order to proper logistic and supply chain management system. It is essential to maintaining inventory and stock in proper warehousing so utilised various strategies. It includes achieving organisation goal and objectives so effectively performing operations management. Managers and leaders are taken strategic decision regarding properly in order to dealing situation organisation operations of the company(Long, 2017). The CEO of organisation David Potts in order to developing mission ,vision and core values of organisation in order to effectively and efficiently achieving organisation goal and objectives. Conflicts-: It considered as organisation focusing on resolve the issues in order to effectively focusing on problem as well as providing best solution. The main aim and purpose in order to effectively managing conflict which refers to performing business operations. There are various measures which are helpful for managers and leaders in order to effectively achieving organisation goal and objectives. CEO of Morrisons developing conflict management in order to plays vital role such as establishing healthy working environment due to reducing conflict. It is
necessary for each and every employees due to increasing effectiveness of organisation as well as profitability. The major issues which are faced by most female staff in order to they have not get equal compensation on the basis male counterparts(Manning, 2016). It is complaint regarding Morrisons management team in order to they are not provided equal treatment between the male and female employees. It is file compliant in order to gender discrimination so this complaint recorded by EEOC which refers to Equal employment opportunity commission. Conflict management theory-: Conflict management theory is utilised by organisation in order to solve the conflict between the employees(Rao, 2017). It includes CEO of Morrisons of David Potts look in this concern as effectively applied different conflict management theory. It is process which refers to various management style which are discussed below. Collaborating managers-: It includes managers focusing on conflict in order to dealing together in order to resolving the issues as well as effectively accomplishing organisation goal and objectives. Conflict resolution model: It is model which refers to organisation effectively adapting this style in order to solve the conflicts and problems so mentioned below. Stage 1: Awareness-: It is process which refers to the first stage in order to know about the conflict as well as awareness regarding issues. It considered as organisation to know about the pandemic condition so accordingly developing strategies in order to effectively run their operations. Stage 2: Self preparation-:It is second stage in order to conflict revolutions model which refers to make decision regarding situation and condition in order to effectively resolve the conflict so properly communsicating with each other. Stage 3: Conflict resolution-: It is the third stage which refers to focusing on emotional energy in order to reducing differences. It includes solve conflict between the parties as well as eliminating negative attitude and behaviour. Stage 4: Negotiation-: It is process which refers to both parties made negotiation in order to effectively communicating with each other and solve the conflict between them(Sayadi, 2016). It considered as developing agreement between both the parties in order to not declining interest of both the parties.
E. Examine the different types of motivation which are used by company. Motivational style-: It includes organisation used various different style in order to effectively achieving organisation goal and objectives. It includes five stage in order which refers to analysing need in order to top level of management evaluating needs and growth which are discussed below. Physiological needs-: It includes effectively identifying the biological requirement in order to essential to fulfil the basic need such as clothing, shelter, food, drink and others. It includes organisation satisfied effectively and efficiently due to fulfil the requirement of individuals. Safety needs-: It involves physiological needs are satisfied in order to individual focused towards the safety, security and many others needs. In context of Morrisons, it includes CEO of David Potts ensure make emotional and security needs of individual are satisfied. Belongingness and love needs-: It is need which refers to fulfil the third level of needs for others such as belongingness and social feelings(Suwuh, 2016). It considered as developing healthy relationship and individual behaviours with others. Esteem needs-: It is fourth level of need in order to followed the Maslow hierarchy in Morrisons in order to enhancing employees motivation to developing self esteem, reputation and respect from others. It is essential to gaining self respect and status in the society. Self actualisation needs-: It is process which refers to organisation followed the Maslow hierarchy in order to self requirement and personal growth. It is process which refers to employees focused their needs and accordingly work completed. Types of motivation adapted by top management in Morrisons: In relevance of Morrisons, it includes management team focusing on various tools and techniques in order to motivating employees such as providing various benefits such as health care, financial and many others(Wakabi, 2016). It involves focusing on employees performance in order to enhancing contribution towards performance. F. Appropriate corporate examples and literature to justify your stand. Defining and communication of vision-: It considered as focusing on aspirational leadership strategy in order to used effectively in order to improving working performance of organisation. It includes organisation development of various goal and objectives on the basis of
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specific purpose. The main purpose to save money and providing standard of living in order to this statement is given by founder of Morrisons as well as attracting large numbers of customers. G. Describe and debate what suggestions / recommendations (strategies) From the above discussion in order to various recommendation for CEO of Morrisons which are discussed below. Firstrecommendation refer to organisation developing effective strategies in order to gaining competitive advantages as well as making various changes in order to effectively adapting by organisation which result as enhancing profitability and productivity of company. It considered as organisation developing omni channels business strategies in order to attracting large numbers of customers(Zbierowski, 2016). It includes developing strategies in order to make prevention due to COVID-19 situations for future period of time. Secondrecommendation is CEO of Morrisons in order to effectively formulating leadership strategies in order to effectively managing business operation and activity. It is essential to developing competency among the team members in order to achieving organisation goal and objectives. It is essential to developing plan in order to enhancing profitability and productivity of company and producing high quality products and services. CONCLUSION After the brief discussion above report, it includes utilising various leadership approaches which are adapting by leaders and managers in order to effectively and efficiently achieving organisation goal and objectives. There are various aspects and concepts in order to used by the leaders in order to achieving survive and growth for future. It involves vision and mission of organisation in order to focusing on employees satisfaction and putting so much efforts which result as motivating employees.
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Sayadi, Y., 2016. The effect of dimensions of transformational, transactional, and non-leadership on the job satisfaction and organizational commitment of teachers in Iran.Management in Education,30(2), pp.57-65. Suwuh, M., 2016. The influence of leadership style, motivation, and work discipline on employeeperformanceatbanksulutkcplikupang.JurnalEMBA:JurnalRiset Ekonomi, Manajemen, Bisnis dan Akuntansi,3(4). Wakabi, B.M., 2016. Leadership style and staff retention in organizations.International Journal of Science and Research,5(1), pp.412-416. Zbierowski,P.,2016.Positiveleadershipandcorporateentrepreneurship:theoretical considerationsand research propositions.Entrepreneurial Businessand Economics Review,4(3), pp.73-84.