This report explores the importance of leadership and management skills in business and their impact on organizational success. It discusses the theories and concepts of leadership and management, key performance metrics, and the role of leadership and management in Tesco. The report also highlights effective leadership traits and management practices.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Developing Leadership and Management skills
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Executive summary Leadership and management skills are essential to manage, guide and operate a business practice. Therefore, It is must to set appropriate skills, vision and focus to easily manage human resource, build strategies and targets to make them feel valued. In order to analyse leadership skills and traits of a perfect leader has identified. Therefore, management and leadership has became anintegrated and connected part of organisation. Also, business performance matrix is are also necessary to check employees well being and their work criteria.
Table of Contents Executive summary..........................................................................................................................2 INTRODUCTION...........................................................................................................................4 MAIN BODY...................................................................................................................................4 TASK..............................................................................................................................................4 Analysis and comparison of leadership and management..........................................................4 Key performance metrics of organizational sector.....................................................................7 Organizational leadership and management performance..........................................................8 CONCLUSION................................................................................................................................9 REFERNCES:................................................................................................................................11 Books and Journals:..................................................................................................................11
INTRODUCTION The aim of the report is to clearly present the leadership and management theories, concepts and itsimpact onbusiness performance. Leadership and management are both interconnected and vital function of organisation. Management refers to a function of planning business resources and accumulateideas to organise into systematic way. The whole of organisation management isdepended on managers, leaders who perform and make their contribution in achieving goals and targets of company. There are various management skills that required in a leader to handle other staff and make them workby guiding andshowing path towardssuccess. Therefore, overall management functions run onthe basisofhow leaders control the operation and come out with effective output(Ahmad,and Saad, 2020) . Although management and leadership are not totally different but require variousdifferent styles to work for both the aspects. Hence, management is for whole organisation and could decide in different segments like marketing, finance, production and human resources. They perform their own area of management and evaluate each department to analyse success factor of company. Whereas, leadership is all about be an influencer for team and focus on team performance whether on small or large level. This report is going to present leadership and management aspect on Tesco, a well grown firm of UK, London which has specialised in sellingconsumer, home, and daily essential into whole wide world. The company was established in 1919 with number of supermarket grocery chain at approx 7005 locations. The company come under London stock exchange and have main aimto provide customers stratification by maintaining companies management. This report is going to present the concept of leadership and management with key performance metrics and itscritical evaluation on business and its profitability. Hence, in relation with the the report will help in understanding the skills and requirement to be an effective leader by understanding with the help of theories and models. MAIN BODY TASK Analysis and comparison of leadership and management Leadershipis the requirement of every business organisation through which it could be able to perform all the activities into better way. Leaders are those individuals who maintain the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
working motivation, orders and commands towards achieving goals and objectives of the company. Leadership defines as the concept of controlling, analysing employee performance by separating teams and departments. An organisation could not perform as a whole with one individuals, their success are depended andoverwhelmed with many leaders, managers who being optimistic and dedicated in achieving the target(Aldulaimi,2017). Therefore, leadership consist many theoretical as well as practical aspect in fulfilling organisationalrequirement of skilfulandtalentedworkforceby motivating,inspiringandengagingthemateffective workplace. It is all about managing people with one skills to communicate, motivate and guide towards right directions. it varies form culture to culture, society and other differences. Tesco engageleaders andvarious style to lead people as the workplace is diversified and complex which require professional knowledge and expertise solutions. Managementis the key concept of plan organisational things, production ideas by organising and controlling over it. Management is a wide concept which has various elements to perform at an organisational level. Therefore, manager is accompanied by manager, employees and leaders who make contribution in managing all organisation practices. Managers plan things, organise resources and check on whether the work running according to it not not, whereas leaders make them possible by putting their efforts and skills to carry out business practice into practical manner. Tesco is the large supermarket store which has wider operations that shows their management require potential efforts to organise and manger each and every departments. Therefore, the company serving it brand name since past years into market which is the result of good management function and strategies are being used(Asogan, Mansor,and Daud, , 2019) So that, management and leadership are both vital function also interrelate at some level. But there are some difference and comparison which are mentioned below: Managementleadership ï‚·Managementisdriveforplanning organisational practices by organising resource, settingbudgets and engage workforce as per their skills and talent into different departments. ï‚·Managersmakepolicies,hire employees,drivechangeinto ï‚·Leadership defines as giving direction, path, setting strategies andbuild aim on how the objective will be achieve by engaging team members. ï‚·Inleadership,leaderscommunicate withpeople,understandabouttheir
organisation system andaccumulate resourcesindifferentfieldor operations(Cunliffe, and Wilson, 2017) ï‚·Managerslookforemployees development,promotionsand incentivesbycheckingontheir performance report provided by leaders of their respective team members. skills, make them engage and inspired by enhancing collaborative working. ï‚·In this, leaders initiate teams and staff to be dedicated and by showing careers andpromotionalincentivesat workforce. They directly connect with operational staff. Hence, the comparisons shows that Tesco managers their operations with the above classification and seeing organisation management and leadership by their appropriate tasks an duties. Therefore, the company have segments of sales, marketing, production and financing in which they appoint separate leaders so that nodepartment will remain lack of guidance and confusion regulates into company. There are many theories of leadership and management which are described below: Transformational leadership:this theory is based on making relations with other individual by making them trust on leaders in order tofollow their commands that will be beneficial for their future. For that instance, leaders of Tesco regulate motivational task and communication that makes their followers stick to their goals. Transactional:under this leadership, leaders make plans and process to carry out operationalworkandlettingtheirfollowersfreetoworkinfeasiblecondition.The communication remains in flow between leaders and subordinatesbut interferenceis not usually occur until ad unless the work has not carried out with desired outcome. Charismatic:in Tesco, these types of leaders are the personality of optimistic and well confident which set an innovative solution of problems by engaging all team together. Therefore, their subordinates get inspired by them. Theories of management: Scientific management theory:under this theory, leaders are entitled to focus on giving bets job role to team members as per their skills and make them free togain out best output(Gumbo,2017).This will improve efficiency on workplace which regulate corporation
and relations. Tesco perform this theory as he manager believe in providing better workplace and and a participative approach in decision making. Human relation theory:this theory is required to maintainingrelation with human resource to better understand their issues, grudges and any difficult faced by them in workplace. Tesco use thistheory as awhole thatresults in long retention ofskilled workforce with high turnover in every annual year. Make employees a valuable part of organisation will wok as a great motivation to use their talent effectively(Kyguoliene,and Ganusauskaite, 2017).All individuals want attention in terms of appreciation, promotions and high authority and power which will be possible by enabling human relations Key performance metrics of organizational sector Business performance is basically based on employees productivity, use of right knowledge and personal skills to fulfil organisational goals and objective. Hence, it depends on the fact that how effective the guidance and initiative manager take in carry out the bestperformance of employees. Therefore, leadership and management practicesplay role inoverall business by affecting various business matrix that are defined below: Salesrevenue:thisperformancematrixshowstheoverallsalesgrowthwiththe comparison of past and present salespercentage. Tesco has achieving e20% of sales targetin lastyearsdue to applying more significant management approach and putting much focus on each employees mistakes and training.The sales growth are drive out best marketing and promotional strategies that are made by managers and carried out by leaders. Benchmarking:under this performance metric indicator, the company has needs to benchmark their product andbrand name into market. Which is best use in the filed of developingsuccessgrowthandproductdistributionwithmarketexpansion.Therefore, benchmarking is also set with the contribution of leaders and managers bet efforts who use an optimistic approach and efforts in making the organisational to high reach. They make their out targets and take risk which shows their personality of being dedicated and enthusiastic over aims. Cost of customer acquisition:this performance matrix shows that on how the much company have attained customer base in comparison of past growth(Prasad,2020). Tesco has achieving number of loyal customers by implementing strategies for expansion and working on global level by online and offline business practices.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Organizational leadership and management performance. Organisational leadership: the leadership in organisation is extinct to the workplace and a place for performingmotivational task that ensure about profitability and success of the company.The leadersneeds to haveperfect skills to understand human tendency of working and mindset which are in favour of organisation.Leadership is a trait thatcomes with experience andpersonal knowledge or inner talent to communicate with people, make them influence to follow their path and criteria. Basically,organisational leadership is all about performance and cations of leaders which they take while working with employeespractically. There are ,many quality traits and leadership skills that makes an individual a perfect leader who coulddefineabetterexampleofleading,instructingandacceptingchangesthrough organisational leadership. These traits of effective organisational leadership are define below: Self leading:A leader become successful in leading others when they know how to instruct own self. Therefore, it is needed first be a self motivator and plan things that will be more feasible for others to understand what leader want to show(Raju, 2018).Responsibility and charming personality must be the main trait in the leader. In Tesco, leaders are responsible towards their duty and set an example of a great personality by making self development first. Teamspirit:Aleadermusthaveteamspiritsothattheycouldcoordinateand communicatethemeffectively.Withoutteambuildingspirit,a leadercouldnot perform individual to achieve goals and targets. In Tesco, leaders respect their employees and not hurt their sentiments by making coordination, eliminate conflicts and ensure good interpersonal skills by not being too strict and give them free environment and some authority for decision, respect their decisions. Motivator:Motivation is the key concern of every organisation. As employees feel sometimes dedicated and frustrated while doing work into complex situation. It is needed that employees get strict to their role and did not loose motivation. For that instance, leaders must have skills to take employees talented into efficient way by motivate them to the greed of incentive, higher pays and authority(Waisanen,2020) (Yokota,2019). Therefore, in order to boost employees morale, Tesco run various programme and yearly provide appraisal in order to retain them into organisation and make employees a part oforganisational activities through taking initiative by leaders.
Management performance is an essential task that managers perform to check and evaluate how well company is running, does the company is regulating successfully or is their anyway to tackle employees inefficiency and boost their morale.Here managers play significant rolein boosting performance, making schemes and strategies to manage human resources, set plans for their development. Management could only be feasible whenprofits are achieving from comparison of past ears, employees perform well by asking coordination and work is being done by proper organisationof resources(Shariati,Talebnia, . and Royaee,2018).Tesco enhance management in their company bymaking a clear vision to focus onproductivity and pricing strategies andregulate it into overall organisation.To supervise performance of employees, manager of Tesco make use of many business performance matrix by benchmarking and comparison of results. Therefore, in order to extinguish the task, it has analysed that Tesco needs to be more in developing. CONCLUSION By conducting the above report, it has evaluated and critically analysed that management and leadership are both an essential part of businesson which the whole wide environment of company work according to them. Management drive out the best strategies and plan to organise resources, set budgets and regulate working criteria into overall organisation Manager could not only perform individually to make connection and relation with every individually at operational level so that, they hireleadersto communicateorganisation rules and standards b y using attractive and inspired skills tocreate influence on others.Therefore, the report has analyse much comparison between these two terms which has its equal importance in managing workforce and enhance profitability. Also, the theories play important role inproviding management and leadership with bes practices and enable a systematic approach to guide, motivate and inspire other individuals. Moreover, the report has concluded the facts about companies theoretical aspect that includesfocus on providing employees a free environment of decision making and indulge them in taking decision which make employees feel valuable and a prominent part of company. It is essential to drive performance and analyse individuals working aspect to better make them trained and eliminate their mistakes at workplace. The report has found the best key indicatorsonthebasisofleadershiptraitsthroughwhichleaderscheckonemployees performance and hand over the results to managers so that they could take appropriate actions
which will be in favour of organisation and employees career growth. Also, at last, there has been identified the best organisational performance in terms of leadership and management that has driven the best resultsof the chosen company. It has concluded that,performing management and leadership is necessary to manage wide environment of business in order to carry out operations, marketing, sales forecasting, enable strategies and enable change into environment. After making a proper analysis of the report, it has recommandedthatbusiness are in need to some up with modern solutions to solve modern problems which will result in efficiency an time management. Leaders must be well confident and a personality that influence others to work with dedications and inspiration. An employee could only work in diversified environment when it sees competition and desires to follow it inspirational personality.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
REFERNCES: Books and Journals: Ahmad, R. and Saad, M., 2020. The impact of Malaysian public sector in the relationship betweentransformationalleadershipstylesandcareerdevelopment.International Journal of Public Administration,43(3), pp.203-212. Aldulaimi,S.H.,2017.Theroleofleadershipimprovementwithsuccession planning.InternationalJournal of Economics, Commerceand Management United Kingdom,5(6), pp.468-476. Asogan, P., Mansor, M.F. and Daud, Z., 2019. Conceptual framework on transformational leadership style towards employee engagement. Cunliffe, A.L. and Wilson, J., 2017. Can Leadership Be Taught?.Storey, J. Hartley, J.-L. Denis, P.‘t Hart and Ulrich. D.(eds.). The Routledge Companion to Leadership, pp.505-544. Gumbo, T., 2017. Unpacking the role of leadership and management styles in teaching and research output in South African higher education.Faculty of Engineering and the Built Environment, University of Johannesburg, Johannesburg. Kyguoliene, A. and Ganusauskaite, A., 2017, September. DIMENSIONS OF YOUTH SELF- LEADERSHIP:MEASURINGSKILLS,BEHAVIOURSANDCOGNITIONS. InEconomic Science for Rural Development Conference Proceedings(No. 46). Prasad, L.M., 2020.Principles and practice of management. Sultan Chand & Sons. Raju,V.,2018.TheoryofLimlaw:Leadershipstyle.Eurasianjournalofanalytical chemistry,13(6), pp.125-136. Shariati, M., Talebnia, G. and Royaee, R., 2018. The mediating effect of self-leadership between metacognition and management accountants' decision making.Valued and Behavioral Accountings Achievements,3(5), pp.101-129. Waisanen,D., 2020.Improv for democracy:Howto bridgedifferencesand developthe communication and leadership skills our world needs. SUNY Press. Yokota, H., 2019. Mapping four leadership styles in Japan: how has the role of the principal been shaped by policies?.Journal of Educational Administration.