Theories of Leadership and Operation Management

This assignment delves into the concepts of leadership, focusing on the Great Man Theory, Trait Theory, and Contingency Theory. It also explores operation management, its significance in business, and two primary approaches: Total Quality Management (TQM) and Six Sigma. The discussion includes the characteristics of TQM, such as integrated systems and consumer-focused strategies, and the application of statistical methods in Six Sigma to eliminate defects and improve processes. The assignment aims to provide a comprehensive understanding of these leadership theories and operation management practices.

Learning Organization

TASK1: Effective leadership is a essential component MBA design partnership and has an
large range of functions in rising structural powerfulness and efficiency. This aimed at
investigating leadership challenges brushed by leaders of MBA design partnership firm.
Leadership is a long-term procedure of influencing group toward achieving a mission and
particular goals of an organization. Leading quality advancement activity requires leaders
who negotiate uncertainty and foster cultural and activity changes. A pursuant leadership is
required to accomplish high performance and intensify employees’ capabilities to modify
the quality of outcomes. Similarly operation management too plays a vital role on
accomplishing MBA design partnership goal. Operation management is a procedure that
pertain to planning, organizing, managing, controlling and supervising the presentation and
manufacturing processes. It plays an important role in increasing overall productivity of an
organization. The major purpose of operation manager of MBA design partnership company
is to ensure the timely delivery of products and to convert the raw materials into finished
products. Along with this it also lead to enormous profits of the company, by handling issues
like design, operations and maintenance of the company used during the production of
goods and services. Operation management where not considered as an important for the
company but later on it was discovered important challenge for the company as all the
operational activities undertaken in the company were efficiently and effectively handled by
the operation manager. Operations management is the governing body of scheme or
processes that make goods and services. It deals with the plan, business activity and
betterment of these systems or processes. It is a complex process to carry off the operations,
so in-depth knowledge is needed to take on the challenge of holding the position of an
operation manager. The ambitious candidates are needed to pursue specialization course of
study in operation management that render them deep knowledge and necessary skills relate
to the sector. Operation function is the statement used to draw how the core business activity
of the organization is planned and functioned. In fabricating it is how the raw materials are
changed into a useable product. In sales, it is how the commodity are standard and conferred
to the purchasing public. Thus, Operations management (OM) is the concern function
accountable for managing the procedure of creative activity of goods and services. It
concern planning, organizing, coordinating, and dominating all the resources required to
produce a company’s products and services. Because operations management is a governing
2

body which involves managing people, equipment, application, content, and all the other
resources needed in the creation of goods and services. Operations management is the
important core function of every company. This is true irrespective of the size of the
company, whether it is manufacturing or service, or is for-profit or not-for-profit. Whereas,
Financial Management means designing, managing, guiding and controlling the fiscal
activities such as acquisition and utilization of finances of the enterprise. The major
objectives of financial manager of the MBA design partnership company are stated below:
 To ensure day-to-day and satisfactory supply of funds to the concern.
 To ensure competent returns to the stockholder which will depend upon the earning
capability, market price of the stock, demand of the shareholders.
 To assure optimum funds utilization. Once the funds are secure, they should be used in
maximum affirm-able way at least cost.
 To ensure safety on assets, i.e, finances should be endowed in safe project so that
satisfactory rate of return can be achieved.
 To plan a healthy capital structure-There should be healthy and fair composing of capital
so that a scale is maintained between liability and equity capital.
The final goal of any business concern is wealth maximization, which can be achieved through
the leading human activity of financial management. Financial management assure regular and
competent supply of funds by distinguishing sources of funds and supplying them at the lowest
cost. After the funds are syndicated, the next objective is to prudently expend them in different
possession for profitability, liquidity and safety.
For the finance function to be impressive in rendering strategic business enterprise leadership it
is necessary for leadership to be given by both the finance manager and the chief decision maker.
Strategic finance managers must adopt a impulsive rather than a active approach towards
financial leadership. Leaders of the finance function should always be at the most superior level
of the governing body, as business partners.
3

TASK 2
Leadership
It is an ability of a organisation's management to achieve ambitious objectives.
Leadership is a quality of leader who established a clear vision, provide guidance, motivate
employees and influence the workers to perform task effectively and efficiently. They implement
best ideas and create change. In context of MBA Design Partnership, leadership play an
important role to give proper direction to their group members and focus in leading the people.
Theories of Leadership
There are different theories of leadership which helps to improve performance of an
organisation and to inform decision making process. Explanation of these are as follows:-
Great man Theory- This theory assume that great leaders are born, not made. They have
different qualities such as confidence, social and communication skills, intelligence and
attractiveness etc. according to this theory, leaders get leadership skills by born, they are not
learn form the things and environment. It suggest that people cannot learn that how to become a
successful leader. Leadership is a skill which come from the birth of a leader.
Trait Theory- Similar This theory is similar to great man theory. It assumes that there are
some qualities which are linked with a great leader. Trait theory identify the specific behaviour
and personality that is suited with the better leadership. Leaders of MBA Design Partnership
have some qualities like courage, self confidence etc. which helps in improving effective
performance of a firm and better decision making process because leaders are extroversion and
they easily do conversation with each other.
Contingency Theory- This theory explains that there is no leadership style which is best
suitable for every situations. It focuses on a specific changeable situation which is related to the
environment. It can help in improving effective performance and inform to decision making
process by assessing the needs of group members by leader. It make a balance among context,
needs and behaviour.
4

Operation management:
Operation management is concerned with the controlling and designing the process of
redesigning and production of business operation in an organisation. Its ensure that all operation
of business are run effectively and smoothly in the organisation. MBA design partnership
concerned with the entire production system which is convert raw materials into finish products
effectively to maximise the profit of this enterprise. They balance costs with income to achieve
highest net profit. Operations manufacturer products, create services and maintain quality of
product to satisfy the customers needs and wants.
Theory and approaches of operation management:
Total quality management: Total quality management is the activity of eliminating,
detecting and reducing errors in manufacturing process for insuring that workers are doing work
effectively and leads the experience of customers. TQM is an effective model that is provide
long-term benefit to an organisation through satisfy the consumers needs and demands. This is
provide best quality products and keep maintain the quality until the product is ready. MBA
design partnership improve the services and processes of their enterprise to increase the profits.
In this involve several values to success of TQM i.e. integrated system, strategic approach,
continual improvement, communication, system approach, consumer-focused, involvement of
total workers, fact-based decisions and process-cantered.
Six sigma: It is a statistical based, data-driven and disciplined approach and improvement
techniques for eliminating defects in the process, service and product. It is a set of methods for
improvement in process. It is introduced by Bill Smith in 1980. The MBA design partnership
used several methods of six sigma i.e. empirical techniques, quality management method and
statical technique and make a special team of workers who are specialist in these techniques.
5