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Motivation and Leadership Styles in Business

   

Added on  2020-11-12

8 Pages2386 Words285 Views
Leadership Management
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CONTEXT OFBUSINESS
Motivation and Leadership Styles in Business_1

Table of ContentsINTRODUCTION...........................................................................................................................1COMPANY OVERVIEW...............................................................................................................1TASK 3............................................................................................................................................1Leadership, Management and Development of People in M&S............................................1Recommendations..................................................................................................................4
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INTRODUCTIONMotivation and Leadership Styles are two of the many crucial factors that determine thesuccess or failure of any business. Motivation, in the context of business, is the level of desire atwhich an employer or employee performs (Cerasoli, Nicklin and Ford, 2014). Here, motivationis one of the driving factors for productivity, engagement and commitment to their work. On theother hand, Leadership is an ability to tackle competition and challenges by effectivelyundertaking the practice of goal setting, decision-making process and acting upon them. Here,leadership drives direction for a company. This project report aims to provide a conceptual as well as practical understanding ofmotivational theories, leadership styles, management practices and strategies adopted by Marks& Spencer. It also provides suitable recommendations in terms of the considered variables to themanagement of Marks & Spencer.COMPANY OVERVIEWMarks and Spencer is one of the most famous retail brands based out of Westminster,London, UK. The brand deals in a wide assortment of categories including food, clothing andHome-ware. The company was founded in 1882 by Michael Marks and Tom Spencer. Thecompany envisions to become the epitome of sustainable development and standard againstwhich all others are measured through its current and future course of actions. It aims to achievethis vision through effectuating organisational core values of inspiration, innovation, integrityand in touch. Currently, the operations of M&S is divided into two categories viz. UK andInternational (Covin and Slevin, 2017). Marks & Spencer's diverse work culture, prominent ethical approaches and behaviours aswell as well-focused leaderships at its heart of operations are some of the main reasonscontributing to the rationale behind choosing this organisation. Leadership, Management and Development of People in M&SLeadership StylesLeadership can be defined as the process of directing the course of a business byinfluencing the activities of an organised group, mainly including employees and other internalparticipants of the business through goal setting and their achievement. In present scenario, the1
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