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Impact of Leadership on Functions of Management and Business Performance within Retail Industry

   

Added on  2023-06-08

14 Pages2350 Words285 Views
Leadership Management
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Project proposal
(Impact of leadership on functions of
management and business
performance within retail industry)
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Impact of Leadership on Functions of Management and Business Performance within Retail Industry_1

Table of Contents
INTRODUCTION...........................................................................................................................3
Research aim and objective.........................................................................................................3
Research question........................................................................................................................3
Research rational..........................................................................................................................4
LITERATURE REVIEW................................................................................................................4
Leadership styles adopted by organisation to manage business operations................................4
Impact of leadership styles on functions of management and business performance.................4
Challenges faced by company in the absence of leadership........................................................5
Ways to improve leadership within an organisation....................................................................5
RESEARCH METHODOLOGY.....................................................................................................5
TIME FRAMEWORK.....................................................................................................................6
REFERENCES................................................................................................................................8
RESEARCH ETHICS APPROVAL FORM...................................................................................9
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Impact of Leadership on Functions of Management and Business Performance within Retail Industry_2

INTRODUCTION
Effective leadership is one of the key function in managing the business performance and
productivity. They are the one who has the power to influence other in the favour of the
organisation. Leaders can bring values in the company by guiding the subordinate. The goal of
each and every company is not only to survive in the competitive edge but also they want to
manage their function and performance (Saleem and et. al, 2020). This objective of the business
can be fulfilled by having the effective and good leaders within the organisation. Therefore, in
the current research, investigator talks about the impact that can be bring by having an effective
leadership in a company. To carry this research, the chosen sector is retail and the selected
company is Marks and Spencer.
Research aim and objective
Research Aim:
To examine the impact of leadership on functions of management and business
performance. A study on Marks & Spencer
Research Objectives:
To investigate the leadership styles adopted by Marks & Spencer to manage business
operations
To examine the impact of adopted leadership styles on functions of management and
business performance within Marks & Spencer
To discern the challenges faced by Marks & Spencer in the absence of leadership
To recommend ways to improve leadership within Marks & Spencer
Research question
What are the leadership styles adopted by Marks & Spencer to manage business
operations?
What is the impact of adopted leadership styles on functions of management and business
performance within Marks & Spencer?
What are the challenges faced by Marks & Spencer in the absence of leadership?
What are the ways to improve leadership within Marks & Spencer?
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Impact of Leadership on Functions of Management and Business Performance within Retail Industry_3

Research rational
The primary reason for conducting the investigation is to acquire detail knowledge on the
topic. leadership. This investigation will help in knowing the different leadership style which can
be implemented by the company. With the present research, impact of effective leadership in an
organisation will also be understood and the benefits which can be gained in also learned. Apart
from this the present investigation would also help in gaining dual objective which are personal
and professional (Zhang, Cao and Wang, 2018). The personal perspective which will be fulfilled
by the current investigation is that various skills will be developed and these skills helps in
completing the investigation in systematic manner. On the other hand, professional objective will
be attained by knowing the different leadership style which an investigator can applied in their
business when they will be working as a leader.
LITERATURE REVIEW
Leadership styles adopted by organisation to manage business operations
As per the view of Jia and et. al (2018), there are various different types of leadership style
which can be used by the business in their operation. The foremost leadership style which can be
used in retail sector is Autocratic style in which overall management of the company is
controlled by the top manager. They have all the right and decision is also taken by them.
Another leadership style is democratic leadership style where all the team member participates in
the decision making process of the company. The last leadership style in a retail sector is
transformational leadership in which they adopt the cause and effect relationship.
Impact of leadership styles on functions of management and business performance
According to the view of Purwanto (2020), there is a direct relationship of effective
leadership style on business functioning and performance. Leaders decision and action directly
affect the organisational performance and productivity. It is very important for a company to
have a good leader so that they can gain competitive edge from them. The foremost impact of
leadership style is on the motivation level of the employee. A good leader has the power to boost
the morale of the staff in the favour of organisation. The second impact is effective management
system, with leader company can effectively and efficiently manage the function of the business
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Impact of Leadership on Functions of Management and Business Performance within Retail Industry_4

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