This document provides insights on the implementation of lead learning strategy in business for long term success and development. It covers topics such as vision, mission, environmental analysis, stakeholder analysis, workplace profile, learning strategic goals, learning plan, and more.
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Lead learning strategy implementation
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Executive summary.....................................................................................................................1 Vision or mission........................................................................................................................2 Environmental analysis...............................................................................................................2 Stakeholder analysis....................................................................................................................4 Workplace profile........................................................................................................................6 Learning strategic goals and indicators.......................................................................................7 Learning plan..............................................................................................................................8 Action plan..................................................................................................................................9 Financial/ Resource plan...........................................................................................................11 Evaluation.................................................................................................................................11 CONCLUSION.............................................................................................................................12 REFERENCES..............................................................................................................................13
INTRODUCTION Lead learning strategy is induced by the business has in order to maintain and gain long term success and development under which working standards and its implications get promoted over a continuous period of instance. The strategic implementation is induced within the business in order to attained and retain certain position within which ability to get connect with the marketplace is increases on continuous basis. It is a process that is used to translate the selected strategy with support of suitable action plan and activities (Barros and Fischmann, 2020). In addition certain direction is offered by the business that assist the business to achieve its standardised goals and objectives within the stipulated period of instance. It is implemented within the organisation as with this sufficient management and designing within workplace is delivered as with support of strategic planning and controlling. The report below is based on Marks and Spencer that is a British multinational company with having a headquartered in London, England. The company also having a specialisation in home and food products, selling clothing that is mostly get label. The report below comprise of vision, mission, environmental and stakeholder analysis, workplace profile, learning strategic goals, learning and action plan, risk analysis and resource plan along with evaluation. MAIN BODY Executive summary The report below comprise of an analysisand report about leading and strategic implementation is that is used by the business as in order to promote and advanced market effectiveness is promoted in clear manner. In this sustained information is collected within the marketplace as with this ability to achieve and attain balanced position and share in competitive marketplace is induced with perfection. In this ability of a business is enhanced under which ability to maintain lead in competitive marketplace is attained with easiness and flexibility (Buya, Simba and Ahmed, 2018). In this timely strategies are implemented as with this ability to gain sustained growth and development over a continuous period of instance is promoted with better attentiveness. In addition report also comprise vision, mission and analysis through which working effectiveness is developed with perfection. In this ability of business to develop better strategies is induced with perfection as with this working efficiency and its effectiveness both get advanced in effective manner. 1
Vision or mission Marks and Spencer has worked with the vision to provide standardised services and goodsin marketplaceso that requirementand demand of marketplaceget fulfilledwith perfection and adequateness. In this balanced focus is maintained towards customer's experience and taking care along with balance management is processed by enhancing market values and working surround for employees. Mission: The mission of Marks and Spencer is to build sustained brand awareness that is used to build core quality, value, service, values, trust and innovation. In this overall productivity is enhanced as per aspirational quality by which better accessibility is induced by making deep analysis about a offered range of products and services (Edmondson, 2018). Environmental analysis The working environment has direct impact over the working standards of business as with this ability to gain better advancement in easiest manner is promoted by which ability to gain long term success and development is promoted with perfection. It is a strategic tool that is used to analyse both internal and external analysis as with this better assessment of different opportunitiesandthreatisanalysedthatisusuallygetdevelopedfromthecompetitive marketplace. It somehow also reflect organisational identify under which sustained values is stimulate by which essential framework is induced with better orientation and commitment. In this organisation culture also get considerate as with this sustained network is developed and designed as by promoting interpersonal relationship also get promote and advanced in ordinate mode. Belief: It is a prospect under which balanced relation is developed with prospect of truth, religion, emotion, guidance, behavioural enhancement as with this suitable interdependence thus employee get perform their role with perfection (Fuertes-Camacho and et. al., 2019). Values: In this management of Marks and Spencer shares personalised judgements as with this overall preferences as in this working conditions also get promoted. For this all the employee get worked to develop higher attentiveness and in this suitable guidance is offered in which collective working is promoted in timely frame. Inthisopencommunicationandinteractionisdevelopedunderwhichrateof attentiveness and attractiveness both get developed for that standardised outcome and target is attained within timely frame. It induces better management as with this risk appropriateness is 2
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managed so that rate of redundancy is controlled with adequateness. In this management play vital role as with this equal opportunities is provided to all by which flexible and coordinate working standards is developed by which employee become able to get over from all the difficult situation in appropriate manner. In this each individual plays its responsibility and rules within timely frame as with this working capability is getting advanced in ordinate manner. In addition to this quick and moderate change is implemented and under this sustained relation is developed in suitable mode by which working standards and effectiveness both get advanced (Nwachukwu, Zufan and Chladkova, 2020). Teamwork is also be an aspect that is always be essential and required to implement as with this tendency to expand working standards and its appropriateness both get developed in effective manner. For this better accountability is maintained in which strategies also get implement as per enhancement and consideration of goals and values. It seeks to make improvised outcome by which brand outcome and value both get developed systematically. SocialIt is an aspect under which Marks and Spencer maintain clear concern towards fulfilment of customer's requirement and for that sustained strategies are developed that enhance market connectivity. PoliticalIt is a factor that described about government rules and regulations under which working operation is performed with perfection. Marks and Spencer must have follow all the regulations as with this their working standards matched with government guidelines. EconomicAs due to the economic recession at global level by pandemic situation create tougher situation for business to manufacture and customer's to purchase. For this Marks and Spencer implies various strategies that advances market share and potential. Moral/EthicalIt is related to ethical distribution that is processed by the management under which all the employee get connect with each other in clear manner. Business partners These are those individual's that has interest towards the working performance of business and in this ability to gain long term sustainability is maintained with easiness (Tabesh, Mousavidin and Hasani, 2019). Employee/In this management of Marks and Spencermake ensure that employee get 3
peoplerelated with each other under which clear and transparent interaction is developed. CustomersThese are always be an essential prospect as aid to gain better success and growth and for that Marks and Spencer always make ensure that collect customer's feedback is collected and also be timely implemented in the services that assist to gain higher attentiveness. Stakeholder analysis It is an analysis that is required to perform as by Marks and Spencer as in order to measure the impact and interest of stakeholder as with this ability to make strong and clear communication is developed in sustained mode. It assist the management to design and develop strategic communication as with this ability to take accurate actions is promoted. It is processed with support of various stages and it is as explained below as: Step 1: Chart commitment & influence of stakeholders: Thestakeholdersarethoseindividual'swhohasbetterinteresttowardsthe accomplishment of sustained goals and achievement (Vibert and et. al., 2020). These are having both positive and negative impact over the working influences as with this better level of outcomes is attained through which moderate amount of changes get induced as with perfection and in timely frame. In this management of Marks and Spencer get divided it into different segments and that is explained below as: Category A: In this those stakeholders are considered who has make better support to the project that is implemented and processed within the business. In this better support is offered by which working standards and its performance both get advanced as with this long term advancement is induced with perfection. These include human resource, suppliers, buyers and customer's. Category B:It includes those stakeholder that has lower level of interest towards the working standards of business thus to them Marks and Spencer also offer adequate information as per requirement. For this various strategies are induced by management through which effectual understanding is developed in formalised manner. 4
Step 2: Analyse nature of strategic support or resistance of key stakeholders and identify stakeholders for whom you want to develop an influence plan StakeholderWhat are their expectationsLevel support Whocanhelp influencethis stakeholder Howcanbe engagedinthe strategy Customer'sThey have a desire to gain betterqualityservicesat affordable manner. HigherThe performance and managementof businessinfluence purchasing power of customer's. Marksand Spencerattracts them by inducing variousstrategies throughwhich customer'sget easilyconnect with business. SuppliersTheyhaveexpecttogain adequate amount of return on itssupply(Verma,Sharma and Chen, 2020). MediumThemarket acceptanceand relatednessis enhancedthrough whichsustained balanced is attained with perfection. The suppliers get maintainclear communication andinteraction with the business that promote long term success. Employee'sTheyareexpectbetter working culture among with better wages that usually get satisfied their behaviour. HigherTheeffective workingsurround andhigherwages influencemarket acceptance. Thestrategyare developand sustainedasby promoting working standardsandit enhance employee 5
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engagement. Step 3: Confirm how to communicate with and influence key stakeholders StakeholderMain ideas to conveyTimeline Customer'sMarks and Spencer ensure that customer get to know every changes that is induced as forthem and for that company perform marketing and development 1 days SuppliersThe ideas get supplied to suppliers as my making continuous interaction in which services repetitive dealing is induced in timely frame 2 days Employee'sIdeas is conveyed to employee's by conducting conference and meeting in which changes is processed and informed within all the employees(ul Musawir, Abd-Karim and Mohd-Danuri, 2020). 3 days Workplace profile It is a process that reflect the working standards and its capabilities under which working suitability is advances over a continuous period of instance. IntervieweeQuestion 1Question 2Question 3Question 4 Human resource Whatdoyou understandbythe termHR management. How do you work in order to connect with workplace. Doyouknow about the different policies for HR. What do you do toenhance working standardand employee encouragement. MarketingWhatdoyou understandbythe term marketing. Whatisthenew techniquesthrough which marketing get promoted. What is the impact and importance of marketing. Whydigital marketingis effectiveas comparedto 6
traditional marketing FinanceWhatisthe importantof financedepartment withinan organisation. Whatisthe techniquesthatis requiredtoinduced tomanageworking andbudget development. Whatdoyou understandabout thedebitand creditsalesof business. Whatdoyou knowaboutthe finance management and whatroleis playedbya finance manager. Learning strategic goals and indicators The strategic goals are accomplish as by considering of various tools and techniques as that is as reflect below as: Political: It is a factor that is dependent with relation to rules andregulations and with this free trading and its functions has affect the working standards of business in balanced mode. As during the Brexit also it is hard for merchandise to maintain control over supermarket budgeting. Economic:Theeconomicrecessionishavingnegativeimpactoverthebusiness productivity and with this ability of Marks and Spencer to manage sales and profit is also get affected in sustained mode (Wang and et. al., 2018). Social:The customer's get attracted towards the online and fashionable growth as with this rate of perfection and sustainability both get advanced. In this Marks and Spencer attain higher advantage as with this higher profit is attained with perfection. Technological:It is an advancement that is related to technological implementation and for that Marks and Spencer induces higher level of improvement by which they clearly get connect with market and working attractiveness. SWOT analysis:It is an analysis that provide internal information of the business that furthermore reflects is strength and weaknesses and it is define below as: StrengthThe company maintain higher competitive advantage and with this brand value 7
and market share both get developed in effective manner. WeaknessesThe company is not able to make better publicity as they are also not induced fashioned and trendy clothes by which its ability to connect with marketplace is affected and reduces profit creditability. OpportunitiesThe internationalisation and global presence generate higher opportunities for business and in this working standards of business also get developed in effective manner. ThreatThe enhanced market competition is always be a biggest threat for the business as in this market competency get affected in systematic manner (Chadam and Turkyilmaz, A., 2020). Learning plan The learning priorities reflect better acknowledgement of goals and setting that is induced byMarks and Spencer in order to make better and sustained knowledge. In this adequate learning among employee's is processed in regular manner. Goals/issuesBenefitAbility to achieve Technological advancement Itenhancetheabilityandcapabilityofmarket attentiveness as with this ability to gain higher outcome asbyadvancingtechnicalitiesisimprovisedin sustained mode. Forthisregular trainingand developmentis offered under which rateofcompletion of better outcome is increasesin productive manner. Employee encouragement It is always be beneficial as with this ability to develop betterworkingstandardsismodifiedinsustained manner by which long term goals and objectives is achieved with perfection. Forthisadequate surround is develop thatpromoted individualworking standardsandin thisclearconcepts 8
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isprocessedunder which employee get easilyinconnect withmarket creditability. Betterworking surround To enhance the working creditability it is essential to consideratemarketresponseaswiththisworking abilities and its capabilities both get advanced over regularperiodofinstance(Inyang,Agnihotriand Munoz, 2018). Toachievestrong workingsurround betterand competitive environmentis developed at where everyonemake supportivehelpof each other. Action plan Action plan refers to the steps or procedure that has to be taken in consideration for doing certain task or operations in order to achieve the specific gaols. It is associated with the sequence of steps that must be taken to perform the activities well to make the strategy succeed. In relation to M&S, they make an effective action plan for every activity that is to be conducted in the organisation as to successfully implement the plan into the action to achieve the desired goals. There some area which has been prioritize while making the action plan strategies: CSF:This stands forcritical success factor,it is an management term which is used for theelementsandfactorsthatareimportantfortheachievementofthemissionorthe organisation. This can be the most essential and important factors that is to be considered while making the action plan to make the plan successful. For this a manger of the M&S has to be aware about eachkey success factor (KSF)and the variations between them and also has a responsibility to find out the different roles ofthe key result areas(KRA). M&S company has the goal to maintain the sustainability in the global market and to provide its best in the market place(Ellis and Goodyear, 2019). To measures the goals and 9
objective, company used various tools such as (KPI) key performance indicator this are the indicators which is used to progress towards the desired results. And for this mangers and workers are responsible to attain the gaols on time as they make the effective strategy and work with their full potential in order to support the productive outcomes. Along with resources plays an important role in to the success such as human resources, technology and capital etc. learning strategy priorities and benefit analysis: Gap priorityCurrent situationBusiness benefits 1Employment satisfactionFormakingthebusinesssuccessful there should be an employees who will workwiththeirfullpotentialand provideeffectiveoutcomes.AndI ordertomaintainthisinthe organisationthereshouldbea employee satisfaction that encourages them to work hard to accomplish goals 2Performance managementMaintainingPerformancewithinthe management is an important part as this is an key to achieve the business gaols. 3TechnologyTechnology advancement helps in to the efficiency ofthe operations. That providesupportinthelonger sustainability(Plonsky, 2019). Risk analysis Risk analysis refers to the process that is followed to access the factors that may hamper the performance, profitability and productivity of the organisation. Risk can be analysed by using various approaches and techniques that can be quantitative or qualitative. This are associated with the negative event that can occur in the future and effect the overall functioning of the organisation. For accomplishing the goals and objectives effective manner, managers and leaders 10
of M&S have to focus on the risk and future uncertainty that can occur and will effect the company as it is their responsibility to maintain the continuity in the operations and also maintain the production process with maintaining the profitability and productivity of an organisation.Hereitincludestheriskrelatedtothefinancialresource,workforce,and competitors etc. there are end number of risk that can occur between the success of the company. And various approach are used in order to identify the risk Quantitative risk:Under this analysis, risk model is build by using the study of matrix and statistics to assign the numerical values of risk. Qualitative risk:This is an analytical method that involves written definition of the risk and evaluation of the extent of the impact And these both are used the by the M&S in order to better handle the risk so that it can not effect the effective productive and profitability of an organisation. It helps in to identify the loop in to security of an entity and step that is to be taken for eliminating or reducing the weaknesses of an organisation and also facilitate to strengthen the security levels(Bouwman, Nikou and de Reuver, 2019). Along with this it will enhance the decision making process and communication as they are related to the information that is much needed for the security and for the improvement in the policies. Financial/ Resource plan Financialresourceisreferstotheallfinancialfundsofanorganisationfor accomplishment of the operations towards the desired gaols. And financial resource planning refers to the framework which is used to analyse the required amount in the future operations. To eliminates the factor related to lack of financial resources that can interrupts the operations and completion of work cannot be done on the given time. That have an direct impact on the outcomes and profitability of an organisation. M&S has to develop the effective financial resource planning as it is used as the continuity fund that provides continuous running of the activity without any disturbance and in a effective manner. That provide support in to the growth of the company along with the cost effective management. Evaluation From the analysis of the above factors, it has been evaluated that formulating action plan is the important part of the organisation as to implement the plan into the action along with the proper strategy that provides an effective outcomes. Further is includes the risk analysis that has 11
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to be done to take the corrective actions and to make the strategy in order to handle the future uncertainty. Along with this financial resources planning is also considered as the essential element to carry out the continuous activities without any interruption in between. These all are have to be undertaken while formulating the strategies for attaining the goals and objectives of an organisation. 12
CONCLUSION It has been analysed from the above report that leading strategies and its implementation is always be an essential prospect for the business as with this ability to gain higher attentiveness and growth is measured with perfection and in this long term perfection also get maintained in timely frame. In this vision, mission and environment analysis is required that assist to work over values and belief of a business. In addition to this stakeholder analysis is performed and in this working capabilities also get developed as by analysing the rate of interest that is reflected by an individual in better mode. Furthermore, learning strategies are developed through which goals and its indicators get advanced in sustained mode. Moreover, strategic goals and indicators get promoted by which ability of business to attain its objectives in easiest manner. In addition actionplan,riskanalysisandfinancialplanningisinducedthroughwhichrolesand responsibilities is processed in successful manner. 13
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Weiser, A.K., Jarzabkowski, P. and Laamanen, T., 2020. Completing the adaptive turn: An integrative view of strategy implementation.Academy of Management Annals.14(2). pp.969-1031. 15