Developing Leadership and Management Skills

Developing
Leadership and
Management Skills

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................2
Analysis and comparison of leadership and management......................................................2
Key Performance metrics of organisational sector/market/industry......................................3
Organizational leadership and management performance.....................................................4
CONCLUSION................................................................................................................................6
.........................................................................................................................................................7
REFERENCES ...............................................................................................................................8

INTRODUCTION
Leadership refers to a process or art through which an executive influence, guide or motivate
others towards a common goal. Its main objective is to influence the behaviour of others in such
a way so that they can get the work done by others. Additionally, management skills are the
skills which are necessary to have in any business organisation to achieve the desired goals and
targets. These skills include business planning, decision making, problem solving,
communication, time management etc. This report includes the difference between leadership
and management, key performance metrics of Walmart, management and leadership
performance in the context of Walmart.
Walmart is a multinational company of retail which is operating a chain of grocery stores,
discounted departmental stores and hypermarkets having headquarter in Bentonville, Arkansas,
U.S. It was founded in 1962 by Sam Walmart. This is a family business as it is completely
managed and controlled by Walmart family. From a latest report it is analysed that almost 11443
stores in 26 countries are currently operating with 54 different names. Various names under
which the company is operating are Walmart de, Mexico y Centroamerica, Asda, Seiyu Group,
Flipkart Wholesale etc. They are dealing in home improvement, jewellery, music, health &
beauty, footwear, clothing, electronic, movies, home furniture etc. It is also found that the
Walmart is said as the largest company of world by revenue because it’s total revenue is
US$548.743 billion (approx). Almost 2.2 million employees are working with this organisation.
Their mission is to save the money of people so that they can make their living standard better
and their vision is to provide every product at a single place so that customer have no need to go
somewhere else (Walmart, 2021).
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MAIN BODY
Analysis and comparison of leadership and management
Leadership and management both are important aspects for an organisation. Leadership is
important as it is an initiate action of motivation which provide guidance and create confidence
& morale (Parker 2019).
Leadership
Leadership refers to a group of activities undertaken by a leader with the purpose of
motivating a group of people so that they can work well and achieve the goals and targets of
organisation. Management structure of an organisation can be known as leadership. Process of
leadership is done by a person known as leader. It is necessary to have some qualities to be a
leader i.e. it is necessary to have integrity, courage, influencing, communication, self awareness,
empathy, learning agility qualities to be a good leader.
The great man theory, trait theory, behavioural theory, the transactional, transformational,
situation are the various theories of leadership. It plays an important role in Walmart as it directs
the person working there in such a way so that they can achieve organisational targets in
effective way. It influence the employees by providing guidance, initiating actions, building
work environment as per the employees of organisation.
Leader of Walmart works as coach, servant, visionary, bureaucratic so that they can
influence or motivate their employees in such a way so that they can easily achieve the target.
Charismatic leadership
This style of leadership can be defined as the leader who tries to influence and inspire
their team mates by using their communication skills, persuasive skills and charm to lead their
team mates towards goals and objectives of Walmart (Lunden and et. al., 2017). They are
mainly confident in nature, they have good creativity level, containing better visionary and
determination in performing and accomplishing their targets. This helps the company in not only
generations of sales and income but also saving unnecessary cost for further investments.
Management
It refers to the process of planning, organising, staffing, directing and controlling in such
a way so that organisational objectives can be achieved effectively and efficiency. It is important
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