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Leadership in the Organisation

   

Added on  2021-01-03

9 Pages2623 Words61 Views
INDIVIDUALREPORT

Table of ContentsINTRODUCTION...........................................................................................................................11.History and summary of the organisation................................................................................12. Vision, leadership style and management practices................................................................23. Analysis of above data............................................................................................................44. Recommendation to the organisation......................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7

INTRODUCTIONLeadership is the individual's ability to lead their teams or entire organisation(What IsLeadership. 2018). It is about how does the organisation manages to achieve its goals by takingdecisive decisions and by influencing others to perform. It is also termed as leadership provide apath or direction to the business organisation and focuses on how does employees perform theirtask effectively. For understanding the concept of leaders and their strategies or practices, NEXTis taken as example. It is a UK based multinational clothing brand which also deals in footwearand home products. Company came into existence in 1864. With the help of this, a research willbe conducted to find out the company's background and what are the management practices &leadership style an organisation chooses for achieving their goals. 1.History and summary of the organisationNEXT is an clothing brand which was founded 155 years back in 1864 by JosephHepworth. This company was started in a partnership as a tailor shop by its founder and itsname was Joseph Hepworth & son. After that, founder decided to expand its business and till1884 the company had developed chain stores in Britain with almost 100 outlets. In 1963,company decided to revitalise its ready made suit collection for which they hired a designer tohelp them out. In 1981, company decided to buy womenswear retail shop Kendall & sons whichprovided them around 600 store in British high street(Kebede and et. al., 2016). They bought itbecause they wanted to make it as a complement to their Hepworth chain of menswear store.After happening of this takeover, chairman of the company hired George Davies for working atKendall's. It was Davies's idea to create a chain called NEXT by converting stores of Kendall.First shop of Next opened in 1982 and gradually till 1984 some of the Hepworth stores was alsoconverted and started selling women's & men's cloth together. In 1986, company's headquarterwas shifted from Leeds to Leicester so that they can stay close to their manufactures and afterthat again organisation's name was changed to NEXT PLC. Till 1987, they acquired Grattancatalogue for expanding its business and for introducing children's wear stores. After growing forseven years, in 1988 company was over expanded and was sacked and sold some of theirjewellery stores. In 2008 it bought youth brand called LIPSY and launched their online cataloguefor US clothing offerings. SUMMARY:1

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