Leading Business Organisations Assignment

Added on - 22 Jul 2020

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LEADING BUSINESSORGANISATIONS
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................11. Leadership models and theories.........................................................................................12. Contrasting background and leadership style of Philip Clarke and David Lewis..............33. Motivational theory and two recommended actions to improve stake holder's engagementalong with including potential risks associated......................................................................5PART 2............................................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONA business organisation is an group or individuals who comes together to achieve certaincommercial goals and objectives. Among these business some of them are formed for theobjective of earning profits whereas some of them incorporate for providing services without theaim of earning profits. These business raise funds from different sources and utilize resourceseffectively for achieving there purposes. The firms who have gained successful position inbusiness world and have capacity to compete with there competitor are known as leadingbusiness organisation. This firms are enough capable to earn good amount of profits out of theiroperations(Adams, Khoja and Kauffman, 2012). In this report the reader can learn about theways and techniques and all other things which is essential for a business to maintain therebusiness in leading position. The following assignment is based on Tesco which is a leadingretail grocery store operating in United Kingdom. It focuses on delivering high quality ofproducts to customers with affordable price range. Leadership context faced by Chief ExecutiveOfficer of Tesco is being described briefly with the use of models and theories of leadership.Also, significant study is done on the background and leadership styles used by Philip Clarke andDavid Lewis along with motivational theory.PART 11. Leadership models and theoriesLeadership: -It is a skill possessed by an individual of organisation. It enables thepersonnel to guide and lead other members and teams of firm (Bateman and Snell, 2013).Leadership has different models and theories which have been described as follows:-From the above explained theories and models of leadership, behavioural theory issignificant for Chief Executive Officers of Tesco in summer of 2017. It is the best to use as itdefines behaviour of leaders in different situations. This theory will help to select most suitablestyle of behaviour of leader in different situations. In case when quick decision is required, theycan follow autocratic behaviour and in other situation, they can adopt democratic or laissez fairstyle (Granovetter, 2010).All the theories which is used by leaders in management oforganisation have positive and negative benefits. The benefits depends upon the situations ifright theories is used according to situation then it will act positively apart from these if leaders1
adopt styles which is just opposite to situation then it will have negative impacts overfunctioning.Challenges faced by Tesco in summer 207: - The organisation is facing many challenges whichdirectly hinders its level of performance. Some of the challenges faced by business is beingdescribed as follows: -Budget: -The enterprise is facing large issues of budget in summer 2017. Organisation isspending more amount of funds is its operation activities as compared to its budgets (Batemanand Snell, 2013). This directly led to the increased in the production cost of products andservices an declines its profitability it is important to resolve these issue in order to enhance itsprofitability.In the following issue of budget is necessary for David Lewis to make proper use of suitableleadership style which will support in overcoming from the problem faced. In overcoming theseDavid can make use of autocratic leadership style by which he will not involve any members oforganisation in formulating plans and policies. All the prepared polices by him is compulsory tobe followed by each and every employees of organisation. This style also helps in reducing thewastage of time in development of strategy. Autocratic style will force workforce to workaccording to prepared budget which supports in solving the issue faced by Tesco in summer2017.Sales: -Organisation is also facing challenges of decline in its sales of product and services. It isdue to improper use of budget prepared which increase cost of products. The increase in cost ofproducts declines number of customers and directly leads to low sales volume.Apart from this,the another reason behind decline in sales of products and services is because of high labourturnover because these led to decline in effectiveness of service which declines number ofcustomers towards goods offered by Tesco. The sales have also declined to lack in use ofeffective strategies. In is important for David Lewis CEO of Tesco to use best suitable style ofleadership in regard to solve following issue faced. In this he can use two leadership style i.e.transactional and participative style (Blanchard, 2010).2
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