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Assignment on The Developing Manager - (Doc)

Added on - 14 Feb 2020

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THEDEVELOPINGMANAGERS1
Table of ContentsINTRODUCTION...............................................................................................................................3TASK 1.................................................................................................................................................3A.......................................................................................................................................................3B.......................................................................................................................................................4TASK 2................................................................................................................................................5A.......................................................................................................................................................5B.......................................................................................................................................................6TASK 3................................................................................................................................................7A.......................................................................................................................................................7B.......................................................................................................................................................7TASK 4.................................................................................................................................................8A.......................................................................................................................................................8CONCLUSION...................................................................................................................................9References..........................................................................................................................................102
INTRODUCTIONThe developing manager is important aspect that relates with the up gradation ofprofessional skills and knowledge in executives. This further help them in attaining the industrybenchmarks and taking the organization to new heights. Developing managers is important aspectas it help in rendering benefits to the organisation (Wu and Lee, 2007). The manager play aeffective role in the accomplishment of overall objectives of business, therefore its overalldevelopment is crucial aspect for entity. In this report, various aspects of developing manager willbe studied in the context of Thomas Cook. It is a British global travel entity, headquartered inPeterborough and founded in 2007. In this report, different learning styles will be compared.Further, analysis of own management skills. Assessment about own management skills andperformance will be provided. Thereafter, objectives will be set and targets will be developedconsidering own potential.TASK 1A.Management is a systematic measure undertaken for managing, organising and coordinatingbusiness activities. It focuses on effectively managing the business operations by controlling theactions of the staff members and organising them in a productive and well defined manner. Thereare mainly four functions of management which includes controlling, planning, staffing andorganizing. All the above mentioned aspects helps in attaining productive results for businessgrowth and development. Leadership is an interpersonal process through which a leader inspires,guide and influence all members of a group towards accomplishment the firm's goals andobjectives.The executives within the organization are required to perform multiple responsibilitiesand roles. The effectiveness of the executives is determined through its style of handling contrastingsituations. The management styles can be featured in terms of making decisions and relating tosubordinates (Berghman and Vloebergh, 2003). The appropriate management style enableexecutives in heading forwards and attaining the overall goals of company. The differentmanagement styles that can be used by manager of Thomas cook are discussed as follows:Autocratic style: It is important style that enable mangers to take its own decision withoutseeking the participation of organizational members. This style is used when promptdecision is taken and employees lack required knowledge and skills.Democratic style:It is effective style that enable the managers to assure properinvolvement of members before taking any final decision. It help in boosting their morale of3
employees as they part of decision making process (Fan, Wong and Zhang, 2007).Laissez fair style: This is unique style where complete freedom is provided to employees totake business decisions. The manager in this style, focuses on the other important areas thatassure growth and success such as strategy for expanding into new market.From the critical analysis of Thomas Cook, it has been identified that managers use differentleadership style based on the needs of entity. In case decision regarding entering into new market istaken than autocratic leadership is used. On the other hand,decision regarding introduction of newmachine and other operational change is to be taken than democratic leadership style is used. Withthe help of management styles, executives not only assure proper control but also facilitate theempowerment of its members. Other than this, the leadership characteristics of executives ofThomas Cook has been identified. They have strong interpersonal, communication, decisionmaking, analytical and creative and critical thinking skills the executive assure they are confidentand have positive attitude towards its members (Holm, 2006). The managers are required to ensureproper coordination and cooperation among members so that mutually beneficial goals areidentified. Furthermore, consideration can be given on the new and modern management styleswhich help in attaining maximum productivity of members. Such as:Transactional style:It is important style of leadership that evolve use of rewards and punishmentsto stimulate members to perform or refrain from performing certain things. The manager under thisleadership style focuses on supervision, team performance and overall management (Keller, 2009).The objectives are determined by leader and after the completion of task the actual performance ismatched with the expected one. On the basis of attained results which are further compared withbenchmarks, the rewards or punishment are decided.Transformational style:In this style, the leader has competence to inspire and motivate followersto attain outcomes greater than originally planned. This style is founded on high employeeengagement through regular communication among leader and members (Mano 2010). The plannedaims and objectives are clearly declared to the team and a executives use different strategies andmode of communication to encourage the team to accomplish those objectives and intensifyproductivity and efficiency of business.B.Communication is important process that enable the flow of information from leaders tomembers within the company. It further play crucial role in developing strong interrelationship withmembers and other individuals or groups in the market. With the help of strong communicationsystem the management of Thomas cook can have proper knowledge about the needs and issues of4
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