Table of Contents INTRODUCTION...........................................................................................................................1 Overview of chosen company.....................................................................................................1 MAIN BODY..................................................................................................................................1 1 Define and discuss the difference between the concept of leadership and management..........1 2 Analyses leadership theory.......................................................................................................5 3. Management development program of Tesco Company.........................................................8 CONCLUSION..............................................................................................................................14 REFERENCES..............................................................................................................................15
INTRODUCTION Management and leadership is an important part of organization. Without them, no company can run its operations and activities properly. Management is done to manage the employees' activities and efforts. Leadership is done to manage the employees in order to put out their best. Management and leadership is separate yet interrelated to each other. Management and leadership is an essential quality which should be in every managers of the organizations. This report will highlight the concept of management and leadership with difference between these two terms. It will also analysis the one leadership theory adopted by Tesco Company. Moreover, this will also focus on the management development program (MDP) of Tesco Company. MDP is a program conducted by the company for the improvement of managers. Overview of chosen company Tesco is a multinational company which is leading in Retail Industry. It is a groceries and general merchandise retail public limited company whose headquarters is in England, United Kingdom (UK). Background: It was founded by Jack Cohen in year 1919. Currently, Its key people are John Allan who is the Non Executive Chairman and Dave Lewis is the Chief Executive Officer (CEO). It is now serving its products and services to the UK, Ireland, India, Malaysia, Thailand, Czech Republic, Hungary and Poland. It is basically running its business across Asia and Europe. Operations: It has around 6500+ shops. Currently its market shares is 28.4% in year 2018 where its revenue, operating income and net income was in year 2018were£57,491 m, £1,644 m and £1,208 m respectively. It has following subsidiaries such as Tesco Stores Ltd, Tesco Bank, Tesco Mobile, Tesco Ireland, Tesco Family Dining Ltd, Dunnhumby, Spenhill, Booker Group and Jack's. It provides its products through Supermarket, Hypermarket, Superstore and Convenience shops (Iqbal and Keay, 2019). MAIN BODY 1 Define and discuss the difference between the concept of leadership and management Leadership
Leader is the person who control and dominate the people by their leadership style. Leader is use their position to control and influence the other in an organization. Leader helps the people by resolve conflicts, grievances, they understand their employees, So employees can trust and build good relationship with their leaders. Leader support their team members and mange the people according the abilities of employees, leader can provides the best opportunity to their employees to enhance their growth and increase motivation towards the work (Larson and Gray, 2017). Leader also understand their people because they provide the best training facilities to boost the personal growth of the employees. So basically leadership is the art of managing the people by enhance the motivation among the group of people towards the achievements of goal. Management Management is the essential part of every organization, Because management is mange all the operational and managerial activity of the organization in order to achieve objective of the company.The basic task of the management that focus on marketing and innovation in the product to succeeds the business (Hallinger and Wang, 2015). The Management is managing, controlling, organizing, directing the overall function of organization.That means its contains different factor of production such as machine, material, money etc, so manager of the Company has mange all the responsibility they have power to make the decisions in order to achieve the goal of the company. Manager has only concentrated on growth of the company they always work on the company profitability by managing and controlling the employees and other resources. Difference between management and leadership BasisLeadershipManagement Decision makingThe leader of the Tesco use theirLeadershipstyleto makingthebestdecision according to the employees of theTesco.Leadershas participated to make the best decisiontheyusetheir leadershipstyletoinfluence the group of people. Also, they Managementistheartof managingandcontrolling overall managerial activity of the Tesco. The manager of the Tesco also direct and analyses the decisions according to the futuregrowthoftheTesco. Managerhasusetheir management style to make the
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take initiative to makes the best decision to achieve the task in teammembers.Means readership is only makes the decisionaccordingtothe employee of Tesco. best decision according to the growthofTesco.Basically management of the Tesco has onlyfocusedongrowthof Tesco,notonlyemployees (Larson and Gray, 2017). Style, personalityIn the leadership style people required a talent to mange all thegroupofemployee. Leadersarecomfortableto takingtherisk.Leadersuse differentleadershipstyleto manage the people of Tesco. Leadership style is simple as comparetothemanagement stylebecauseleaderisonly focus on group of people and particular task of the group. Management style is required thelotofcharismaand rationalitytomangeallthe resources of the Tesco. In this style manager focus only the resources,process,structure, goal, objectives of the Tesco. Soit'sadifficulttaskas compare to the leadership style because managements style is handling the overall resources of the Tesco while leadership styleonlyhandlethe employees of the Tesco. FocusThefocusisonlyleading people. And only concentrate on person and individual of the Tesco(HallingerandWang, 2015). So leadership is helps to people of the group to achieve thesignificanttaskofthe group in order to achieve the objective of the company. Inthemanagementstyle. Manager focus on the overall operationalactivityofthe Tescosuchasresearchand development,training, recruitment and selection, use newtechnology,managing, controlling, production process etc. so manager has focus on marketing, innovation all the
activitiesoftheTesco.So manager use the management style to organize and control all the product process of the Tesco (McCaffery, 2018). Orientation styleLeadership style is only focus onpersonalgrowthofthe employee.Itisthepeople oriented style, there main aim isinvolvedthepeopleto decisionmakingprocessto improve the good relationship. Totalteamworkisvery important to achieve the goal oftheTesco(McCaffery, 2018).Leadershipstyleis focuspeoplethattheyare participated all the activity of Tesco Inmanagementstyleis concentrateontheTask printedstyle.The managementfunctionis control, direct and manage all theactivityofTesco.So manager could be follow the democratic,autocratic, dictatorial, transnational style to mange all the activity in the Tesco(HallingerandWang, 2015). PowerIn the leadership style its have a quality or power to influence the people also leader use their positiontoinspiredand encouraged the people by using theirleadershipstyle (McCaffery, 2018). In management manager have power and authority to change the policies and also use the differentpolicieswithinthe Tescotoimprovethe productionprocess,so basicallymanagerusetheir positiontoincreasethe profitability of the Tesco. Risk toleranceLeader has quality to take the risk. They create new things, Inthemanagementstyle. Generallymanagersarenot
create innovation and take the risk. Also, they share all the things to their group members tocreatenewthingsand providethenewideato increase the future growth of the Tesco (Larson and Gray, 2017). So basically leadership is taking the risk by create the new and innovative product. taking high risk, Because they organize all the activity of the company.Sothereishigh chanceoflossthatisthe reason managers are not taking thehighriskbyinnovation (McCaffery,2018).So manager are maintained their stability they not taking high risk as compare to the leader. Also, they maintain the status oftheTescobyorganizing, controllingandmaintaining all the activity of the Tesco. MotivationThe main aim of leadership is the influence the employees by motivating the people on the workplace.Leaderhas encouragedtheemployeeby creategoodrelationshipand goodenvironmentforthe people.Theydistributethe work to the employee by check theabilityoftheemployees (Eacott,2015). In management style managers arealsoencouragedand motivatetheemployeesby providing the different benefits suchasinsurance,bonus, promotion, incentives, rewards etc, so these all benefits are encouraged the employees to improve the quality of work. Also, managers motivates the employeeswhichdirectly impactonincreasingthe production as well increasing thefuturegrowthoffthe Tesco.
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2 Analyses leadership theory Leadership theory Leadership theory is described the different and specific behavior of the leader. This theory is described characteristics and traits of the leader. So by use this theory Tesco will identify that how and why the individual become leaders (Iqbal and Keay,2019). Leadership theory Trait theory The trait theory of leadership is described the different characteristics of the leaders who are success or not in their leadership style. So basically trait theory is giving theresult which describe the lists of different traits of Tesco leader. Also, trait theory is compared to those people who fail and success in their leadership style (Hallinger, and Wang, 2015). A successful leader is describes as those who have ability to influence the people, who have experienced and have knowledge about the work. Also, have interests, personality traits that are different from those who have less knowledge about the work and those who have less effective leadership style. Tesco use the leadership trait theory in their business to increase the ability of leaders. Different traits which identify the leaders A leader has quality of motivate and influence the employees. A leader of the Tesco has quality to manage people by manage all the activity and compete the task on timely Leader is trustworthy. That every member of the group trust to the leader because leader of the Tesco maintain a good relationship with the employees. Leader of the Tesco have knowledge about the work. Also, they have knowledge about other technical matters (Herman, 2016). Leader is capable to provide the good judgment and analyses all the activity to increase the production of the Tesco. Leader has quality of time management they manage the work according to the ability of employees. Leader has also provided training to the employees to enhance the ability of work.
Leader is flexible and they always create new things provide innovative ideas to the company by use their knowledge and skills. Leader have ability of taking the risk. So they take the risk by crate the innovative product to the company also expand the future growth of the company The main aim of the leader is managed the people and complete the particular task of the group. Leader is resolve the conflicts and grievances of the employees. The good leaders have brave, confident and achieve the goals of the group. They take challenges also they do not hide from challenges. A good leader are able to control their emotions and avoid controversy to keep work. A good leader is eligible of making a decision and is confident about the decisions or in his or her decisions. A strong leader have need to compete the task and help the employee for achieving the goal (Hallinger, and Wang, 2015). They are genuinely cared the employees' by helping them. Also, increase the motivation among employees by providing benefit to the employees. Leader has good interpersonal skills are important for leading the group of people. A good leader have ability and they know how to communicate and interact with other leaders and managers as well as with the group of members. Hans Eysenck’s Three Dimensions of Personality ( Trait Theory) HansEysenck’stheoryisdescribedthethreedimensionsuchasIntroversion- Extroversion and Neuroticism-Emotional Stabilityand Psychoticism. Introversion-Extroversion A leader who is introversion they might be quiet and silent personality they not much interact with the people. So these is not good as leadership style for the Tesco. While a leader who is extroversion they might be sociable and outgoing personality so this is good personality as leader. So Tesco leader are generally extroversion personality (Rothaermel, 2015). Neuroticism-Emotional Stability
Neuroticism is a tendency which describe the distressed or emotional attitude of the leader, In other side emotional stability is the tendency which describe the constant emotions of the leader. Psychoticism This trait is described that the leader are suffering from different mental illness, which have difficulty in dealing with the work and leaders cannot control the organization by mental illness.So this personality are not good for the Tesco for managing their business (McCaffery, 2018). Advantages of leadership trait theory Traits theory is helps to measure the behaviour of the leaders. The strength of trait theory is that they measure and categorized the behaviour of the leaders which help to Tesco for identify the characteristics of the individual so they provide opportunity to individual as guiding to the group of people. An expertise and researches of the Tesco are found the individual behaviour to provide the position of leader to the individual (Larson, and Gray, 2017). So basically trait theory is identified the individual behaviour in the work place and they provide the opportunity to the individual for managing group of people and complete the task of the company. Disadvantages of leadership trait theory The disadvantages of trait theoryis that the predictive power of expertise is not much good, Some time the decision are not right by the researchers and expertise of the Tesco (Renz, 2016). Trait theory are not much good because this theory is suffers from many difficulties such as selecting the wrong person for the opportunity of leadership positions. Also, many difficulties is faced when analyses the individual by the trait theory and giving the opportunity to the individual that crates the negative impact of future growth of the company. 3. Management development program of Tesco Company MANAGEMENT DEVELOPMENT PROGRAM (MDP) Management development program (MDP) refers to the program conduct by various companies in order to enhance and improve the management skills and capabilities and to prepare for the future responsibilities when they will promote by the organization. It is becoming important for the company to organize these kinds of programs to provide the best managers for
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the company and development of the managers for the future for the betterment of the organization (Gemünden, 2015). This management development program has following features such as - It is a growth and future oriented program for the employees and managers. It is an educational process in which training are given to the employees in order to develop the managerial skills and competencies. It is a behavioural change program through enhance the skills and knowledge of the managers. It is a continuous and proactive process. Major areas of MDP are as follows - Management and Leadership Logistics and Supply Chain Management Financial Management and Management Accounting Operations Management Strategic Marketing Management Strategic HR Management Management Strategy Technology and Business ANALYSIS OF MANAGEMENT DEVELOPMENT PROGRAM (MDP) OF TESCO COMPANY Tesco Management Development Program TescohasitsownmanagementdevelopmentprogramwhichisknownasTesco Management Development Program (TMDP). It is a professional and personal development of all the managers who are working in the Tesco company(Tesco Management Development Programme targets Black and Asian Undergraduates,2018). Purpose Purpose behind this development program of Tesco are as follows - To develop and enhance the managerial skills and competencies of managers, so that they can handle varieties of the managerial activities and able to achieve the objectives of the organization on the time or before the time.
This program also focus on the improvement of managerial potential of the managers. So that in the future, when manager will get promotion opportunities so he will be able to carry the more responsibilities and able to do complete his tasks with confident and accurately. To provide personal growth to the employees, Tesco conduct this program. Tesco believes that for the organizational development, professional development is important. But, without personal development, professional development is not possible. Thus, company also focus on the personal development of managers. To improve the decision making skill of managers, company provide training to then through management development program. It is important skill for the managers because they need to take decisions regarding organization's every aspects which determine the success and failure of the organization (Gemünden, 2015). To aim succession planning, company run this program. Because in the future, when high managerial posts will empty, company need to fulfil them. For that, they need required skills and capabilities in potential managers. Thus, for the development of that skills and capabilities, they provide them training through this development program. Conduction of Tesco Management Development Program (TMDP) There are various approaches available for Tesco Management Development Program. These approaches are as follows - Mentoring It is an approach through which Tesco hire more experienced and knowledgable manager as a mentor and provide him team of managers (Gerasimov and Gerasimov, 2015). The team and hired manager shares relationship which is known as Mentorship. It encourages the successful succession plan of the organization. In this approach, employees are dependent on their mentor for the advice or decision which is not possible foralways. Coaching It is an approach in which Tesco analysis the strengths and weaknesses of potential managerial employees and accordingly provide them coach to overcome with the weaknesses. It is the best approach for the development of employees at personally level. But it is costly for the Tesco company. Job Rotation
In this approach, company rotate the managerial employees at different positions in different departments during their management development program. It is used by the company to promote the flexibilities of managerial employees. It helps manager to explore the hidden talent in him during rotating and experiencing various roles. It can increase the work pressure on the employees. Supervisory Training Supervisory training is a teaching approach, in which supervisor (who are mainly high positioned manager) guides and supervises the employees about the skills and knowledge which is related to the particular field. It ensures about the operational efficiency. Once training is over, employees are fully trained, they can leave the organization for the better career opportunities. Case Study Method In this approach, company assigns various kind of cases to the employees and asks them to solve the case problems as a decision maker. It improves the decision making and analytical skills of the managers. Due to lack of experience and knowledge, employees don't be able to solve the case study and if they do this, there are higher chances for the errors of judgement and analysis (Gerasimov and Gerasimov, 2015). Benefits There are various benefits from Tesco Management Development program. These benefits are divided into two parts - A. BENEFITS TO THE EMPLOYEES There are various benefits to the employees from Tesco Management Development program. These benefits are as follows - High Career Opportunities Due to this management development program, Tesco's employees are able to understand the roles, responsibilities and conduction of work / tasks. This lead employees to gain knowledge about the related field. Thus, employees after attending program have great career opportunities in near future. Improved Skills and Capabilities In this program, employees are given training upon various aspects of the tasks which improvehisknowledge, skillsand capabilities, which notonly improve hisprofessional behavioral but also provide personal and professional development opportunities.
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Confidence When employees has improved skills and knowledge, this lead to enhance its confidence and this lead employees to become tension free and able to complete the difficult tasks on time. B. BENEFITS TO THE TESCO COMPANY There are various benefits to the organization from Tesco Management Development program. These benefits are as follows - Productivity Company provide training to the employees and managers, they are able to their work effectively which increase the productivity of the company. Increase in productivity reduce the costs and increase the profitability(Johnson, 2018). Workplace Conflicts Managers and employees both know about their tasks, their roles, responsibilities and capabilities which make them expert in their tasks. This lead to improve the efficiency of the employees. Efficient employees are satisfied employees. This cause to reduction in workplace conflicts and increase in friendly working environment. Staff Turnover Managers and employees are more confident and have high moral as compared to the previous one before attending management development program. This lead employees and managers both to feel secure at work place which reduce the staff turnover. ANALYSIS OF LEADERSHIP DEVELOPMENT ASPECT Leadership development refers to the program in which the focus is on the expansion of the capabilities of employees to perform the roles as leaders in the organization. Tesco management development program has various areas. Out of these areas, leadership development is one of the important area in Tesco management development program. For the development of potential leaders in the future, company conduct leadership development program (Sosik and Jung, 2018). To run the successful leadership development within the organization, Tesco focus on the 5 aspects which are as follows - Clear Goals At the beginning of the leadership program, employees of Tesco sits with the leaders who analysis their performance and skills. Accordingly, leaders than establish a short and long term
goals and make employees understand about the goals and how to measure the success and achievement of goals. Small Groups After deciding the goals, leaders divide the employees into small group. So that they can get the enough time and attention from their mentors. Small groups are easy to handle and the members are easily able to befriend with another members of the group. Experienced Leadership Those leaders who are running Tesco leadership development program, must be strong, experienced. Also, they must be clear understanding emotional intelligence, reciprocal and instructional skills (Seidle, Fernandez and Perry, 2016). Multiple Learning Methods In Tesco leadership development program, employees will learn leadership skills and knowledge through various learning methods. These learning methods / styles are as follows - Visual – Verbal Learning Style In this type of learning style, Tesco leaders provide pictures along with discussions. They use various kinds of videos in which leaders are using various skills to solve problems and discuss the theory aspects with the employees. Visual – Verbal learners are experts in making and implementing the strategies to solve the problems. Auditory – Verbal Learning Style In this type of learning method, Leaders provide information to the employees about the related topic and discuss with them. In this method, leaders have to make sure that they are clearly making understand of every aspects of the related topics to the employees (Kirschner, 2017). Visual – Nonverbal Learning Style In this type of learning style, employees are provided videos, charts and pictures etc. to understandthewholescenarioortopics.Thistypeoflearnergenerallylovetowork independently and they use all the information sources to understand the things. This make their analytical skills improved and strong. Kinaesthetic Learning Style
In this type of learning method, employees of Tesco learns by doing things. In this style, leader provide them situations and they solve the situations by act as a leader and mentor leaders supervise and guide them (Pritchard, 2017). Ongoing Support and Education Once employees complete the program, it will serve the organization for constant support and sustainable development as leaders (Brue and Brue, 2018). CONCLUSION From the above study, it has been summarized that management and leadership is an integral part of the organization. Their perceptions towards organization make them different from each other which creates conflict between them. But, due to both end goals are same, they should work together so that organization can easily achieve their targets and earn profits. There are various leadership theories which is adopted by companies according to their objectives and nature. No particular theory is best or better than compared to the another theories. These theorieshavetheirownadvantagesanddisadvantageswhichisinfluencedbyvarious organizational factors. For the betterment of organization and succession planning, companies are conducting various management and leadership development programs in which future and potential managers and leaders are created for the future of the organization. These programs are becoming popular day by day due to so many benefits to the organization.
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