Assessment of Characteristics of Leader and Manager
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This study assesses the characteristics and roles of leaders and managers in an organization, with a focus on M&S Ltd. It explores the different approaches to leadership and management, as well as the importance of operation management. The assessment also discusses various theories and models of leadership.
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MANAGEMENT AND OPERATION Page |1
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Table of Contents Introduction:....................................................................................................................................3 LO 1.................................................................................................................................................3 Task 1:.............................................................................................................................................3 Assessment of characteristics of leader and manager: (P1).............................................................3 LO 2.................................................................................................................................................5 Assessment role of leader and function of manager in situational context: (P2)............................5 Assessment of different theories and models of leadership: (P3)....................................................7 LO 3.................................................................................................................................................8 Task 2...............................................................................................................................................8 Assessment of approaches to managers and leaders: (P4)...............................................................8 Assessment of importance and value of operation management: (P5)..........................................10 LO 4...............................................................................................................................................11 Assessment of factors having influence upon operational management: (P6)..............................11 Conclusion:....................................................................................................................................13 References......................................................................................................................................14 Page |2
Introduction: Managers and leaders are the most profitable asset for any organization seeking expansion and growth in the field of competition or challenge. Even though the vision statement of both manager and leader is to enhance the competitiveness of the organization in the market place, characteristics and behavior is different which is hard to identify and observed. The following study would state about the different role or characteristics of both manager and leader towards increasing the performance and position status of M&S Ltd which a medium size retail organization.Moreover,differentapproachesofleadershipandmanagementwouldbe highlighted along with the steps required to achieve the objectives or goals. Thus, factors existing within the business environment would also be discussed along with its final impact on the overall organization. LO 1 Task 1: Assessment of characteristics of leader and manager: (P1) While leader direct the path of the organization towards profitable or positive path and guide the employees or professionals to overcome the barriers and problems, manager on the other hand, needstomanageoradministertheentireactivitiesoroperationsoftheemployeesor professionals(Arnold and Nelson, 2014). Further, productive mixture of both leadership and management skills would enable the enterprise to achieve mission and vision statement and satisfy the respective customers. Linking the same with the subject matter the overall role or characteristics of leader under M&S Ltd is elaborated below: Characteristics or role of leader: Creation of idea: Leaders create unique ideas for the betterment of the organization in the field of competition or challenge. They encompass the talent of creativity and utilize it for enhancing the working Page |3
parameters of the organization. Linking the same, leader of M&S Ltd comes up with creative ideas of discovering e-commerce business to attract more customers(Arnold and Nelson, 2014). Direction: As mentioned in the definition itself, leaders are responsible if the direction of the enterprise or organization is not correct and often leads to losses. Apart from creative ideas, leaders also show the direction to the employees or professionals working underneath. Risk bearing factor: New business plans are always comprises of some risks or uncertainties which are bear by respective leaders in different organization. Linking the same, the idea of M&S Ltd behind extending into e-commerce business is also comprise of many financial and non-financial uncertainties and leaders are held liable for it(Austin, Nolan and O'Donnell, 2012). Characteristics or role of manager: Risk mitigation: Unlike leaders, managers use to minimize the risks by implementing different tools such as SWOT and PESTEL analysis so to secure the legal position of the enterprise in the market place. Linking the same, all the activities related to e-commerce expansion are administered by manager of M&S Ltd so to reduce the level of uncertainties or risks arising from significant sources(Austin, Nolan and O'Donnell, 2012). Instruct employees: While leaders only states about the ultimate direction and outcome of different projects managers are held’s liable behind providing proper guidance and instruction to the respective professionals or employees. Leader encourages the professionals while manager administered the employees for future betterment of the organization. Planning: Managers use to plan the entire details of projects stated by leaders to execute the same in an appropriate manner(BELKER, MCCORMICK and TOPCHIK, 2012). Dividing the tasks or Page |4
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obligations among employees or department along with scheduling the entire operation into weeks or months is part of manager duty. M&S Ltd, for successful expansion towards e- commerce business needs efficient planning from managers and other related professionals. Thus, from above it can easily view that each and every parameter of leaders and that of managers are different from each other and are important in their respective fields. Leaders perform all the creativity jobs for M&S Ltd while managers ensure all the activities and operations are performed with utmost priority and seniority(BELKER, MCCORMICK and TOPCHIK, 2012). LO 2 Assessment role of leader and function of manager in situational context: (P2) As mentioned above, since the characteristics of both leader and manager are different from each other, it is necessary for the enterprise to implement correct leadership styles and management functions after considering the parameters of different situations arising both inside and outside the organization(Drucker, 2017). Moreover, the situational analysis of leadership inside the working culture of M&S Ltd is elaborated below: Role of leader in different situations inside the enterprise: Considering the different parameters or elements of situation, leadership styles should be implemented. Thus, the role of leader in different situations is elaborated below: Democratic approach in case of poor performance: The leader should implement democratic leadership approach in case the overall working climate of the enterprise is surrounded by risks or uncertainties. Through this leadership style unity would be framed inside the internal environment and collective performance would assist the organization to overcome the barriers in an appropriate manner. Linking the same, in order to perform the respective activities or operations of e-commerce business, M&S Ltd leader should implement democratic leadership style and consider the suggestion or recommendation of each Page |5
and every employee or professional for forming productive or profitable decision or judgment (Drucker, 2017). Contingency theory leadership: In case of big tasks or obligations, leader of M&S Ltd should consider the significance and importance of contingency theory of leadership founded by Fred E. Fiedler’s and divided into three structures such as task structure, member relationship structure, and positioning power structure. All the above mentioned structures contribute towards implementing different types of leadership style as per the necessity of the environment or condition. This, leadership style also provides assistance to managers and other professionals while performing the duty or operations (French and Vince, 2010). Function of manager in different situation: Similar to that of leader, managers are also required to implement different functions according to the criticalness of situations so as to perform according to the requirement and necessity of the market place. Moreover, the different styles of functions of manager are as follows: Interpersonal function: For managing and enhancing the performance and position of the employees or professionals, managers are required to be highly efficient in interpersonal department so as to create cordial relationship with each and every professional of the enterprise and perform collectively(French and Vince, 2010). Informational function: All the sound and material information about any department, product, and services of the organization or competitors should be properly informed to the respective parties of the organization. Further manager of M&S Ltd should also timely monitor the performance and position of the employees working under different department and provide necessary information regarding enhancing or developing the same in an appropriate manner(Halbesleben et al., 2016). Page |6
Thus, both leader and manager need to encompass different skills and efficiencies in order to perform as per the requirement and necessity of the conditions and dissolve all the risks or uncertainties arising from significant sources. Assessment of different theories and models of leadership: (P3) Different types of theories such as situational, contingency, and system is comprises of many benefits and advantages. Further, it should be the responsibility of the respective leaders of the enterprise to review the overall parameters of the working climate of the organization and select the best possible leadership theory for the same(Halbesleben et al., 2016). Moreover, under the context of M&S Ltd, implementation of different leadership theories is mentioned below: Situational leadership: In order to enhance the overall performance or credibility of the respective professionals and employees, it is necessary for leader of M&S Ltd to implement the situational leadership which is comprises of different styles such as coaching, directing, supporting, and delegating. All these fundamentals enhance the level of reliability placed on employees or professionals. Further, the founder of the above mentioned theory Paul Hersey and Ken Blanchard also highlights the performance readiness level which state about the maturity levels and enhance the internal parameters of the organization(Hughes, Beatty and Dinwoodie, 2011). System leadership: The parameters or elements of this type of leadership style experience frequent changes depending upon the requirement of the market place and overall economy. System leadership is necessary to provide enterprise a profitable or positive direction and state about the significant and importance of flexibility or change. System leadership sometimes also creates huge base for overallstrategicleadershipwhichconcentratestowardsenhancingtheparametersofthe enterprise and identify all the possible opportunities which embrace positivity inside the working climate(Hughes, Beatty and Dinwoodie, 2011). Linking the same, in the initial years of M&S Ltd, system leadership would assist towards experiencing huge growth and expansion in the market place and attract and retain potential customers or clients from respective sources. Contingency leadership: Page |7
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This theory of leadership depends very much on the parameters of internal and external environment and does not state about any fundamental way of handling operations or leading the enterprise in the market place. The theory enables the leader to assess the situation in an appropriate manner and create productive solutions for securing the position of M&S Ltd and enhancing the status in the overall economy. The theory highlights the significance of many external parties such as technology, distributors, Government, customers, etc and assesses the impact of the same towards the overall performance of the enterprise(Mascia, 2014). Moreover, it is necessary for the leader of M&S Ltd to share cordial relationship with members and other employees and understand the power of the authority to properly implement the contingency theory inside the working pattern of the organization. Thus, depending upon different situation, implementation of the above mentioned theories is required or needed for future betterment or profitability. LO 3 Task 2 Assessment of approaches to managers and leaders: (P4) In order to overcome the competitive pressure or challenge experience by the professionals of M&S Ltd, it is necessary for respective managers and leaders to understand their roles and responsibilities in an appropriate manner and implement the same in a fruitful manner(Mascia, 2014). Moreover, the approaches which would enhance the position and status of operation management of M&S Ltd are elaborated below: Minimization of products: While managing the inventory turnover ratio for the enterprise, it is necessary for the respective managers to minimize the wastes of products and other goods in order to increase the financial power of the organization in the market place. Minimization of product or goods would also contribute towards creating proper demand supply ration and perform as per the requirement of the market place(Neuschel, 2015). Page |8
Follow sequential procedures: Sequential approaches is also necessary for the respective professionals managing the boundaries of the organization to remain steady and efficient while performing the activities or operations, Managers with sequential approaches would be able to perform even under critical or sensitive conditions which further remove the workload from the shoulders of the employees and align the actions with the respective financial and non-financial objectives or goals of the organization (Neuschel, 2015). Bottleneck approach: Bottleneck approach is required to achieve proper utilization of physical and human resources andfulfilltherespectiveobjectivesandgoalsoftheenterprise.M&SLtdwiththe implementation of bottleneck approach would be able to identify all the financial and non- financial opportunities existing in the market place and dissolve the threats or risks arising from significant sources. Apart from operation management, leaders and managers are also required to perform some creative activities or operations and control the overall status of the enterprise in the market place (Pulce, 2015). Inspire and motivate employees: It is not to be mentioned that human resources are the most vital and profitable asset for enterprises or organization willing to expand and grow in the market place. However, in order to achieve this vision, manager of M&S Ltd should inspire and motivate the employees through the medium of rewards and incentives schemes along with productive planning and monitoring. Moreover, manager should negotiate the way of the enterprise surrounded by known and unknown threats through the implementation of productive techniques and consideration of innovative tools(Pulce, 2015). Flexibility: Considering the parameters of the current economy, it is necessary for the leader of M&S Ltd to implement sense of flexibility inside the working climate and in the mind set of respective Page |9
employees or professionals. This would assist the enterprise to gain competitive advantage in the market place and overcome all the financial and non-financial barriers with ease and grace. Moreover, leader should identify the most profitable and positive direction for the organization with no risks or uncertainties(Schuetze and Cunningham, 2017). Assessment of importance and value of operation management: (P5) Productive operation management is necessary for the overall development of organization in the market place. Operation management track all the activities and operations of the enterprise and administer the respective performance of professionals and employees in a fruitful manner. Further, for improving the working condition of M&S Ltd in the field, it is necessary for the enterprise to create sound environment inside the premises and contribute towards the production of efficient operation management(Schuetze and Cunningham, 2017). Moreover, the importance and value of operation management is elaborated below: Multiple functions of organization: The parameters of operation management is extended towards performing all the activities related to finance, marketing and operation which overall covers each and every action and operation of the enterprise. Further, by designing a creative operation management in the workplace, it would become quite feasible for M&S Ltd to remain efficient towards financial, marketing, and other operations which together increase the financial and non-financial status of the enterprise and achieve the respective objectives or goals(Sherman, 2012). Comprises of opportunities: It is necessary especially for retail organizations to capture all the financial and non-financial opportunitiesexisting in the boundaries of the market place to move systematically and overcome known and unknown threats. Furthermore, in order to achieve this vision, profitable operation management is required. M&S Ltd through the implementation of creative operation management would be able to fulfill all the loopholes and recognize all possible opportunities properly. Management of physical and human resource: Page |10
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Operation management enables the enterprise or organization to manage both physical and human resources in an appropriate manner and deals with all the contingencies arising from significant sources with innovation(Sherman, 2012). Further, to challenge the poor situation or working climate of M&S Ltd, it is necessary for the respective professionals or managers to construct operation management which mix the efficiency of both physical and human resources towards enhancing the performance of the enterprise. Enhancement of assets and reduction of liabilities: The dominance of assets over liabilities is a clear sign of innovative organization or enterprise in this competitive market place. Operation management assists the companies to enhance the frequency or statistics of assets over liabilities which further contributes towards enhancing the financial power and gaining more financial advantage in the market place. M&S Ltd through the implementation of productive operation management would be able to dominate the rivals and other competitors over the power of asset and become financially stable due to reduction of liabilities(Testa, 2015). The significance and importance of operation management is never ending for any retail enterprise existing in the market place. Operation management provides solution to any kind of financial and non-financial problem staying under the zone of the enterprise and haunting the performance and position of the same. LO 4 Assessment of factors having influence upon operational management: (P6) There are several factors and elements which influence the overall performance and position of the organization in the market place either positively or negatively. Further, the professionals and employees of the enterprise need to be prepared for all the criticalness and sensitive situations or events arising internally or externally. These factors also impact the decision making process and judgmental procedures of the leaders and other authorities guiding the overall direction of the company in the field or market place(Testa, 2015). Moreover, the factors existing within the Page |11
boundaries of business environment and affecting the decision making procedure is elaborated below: Training of professionals: The behavior of employees or professionals and the manner they were being trained by the organization holds significant influence towards the overall credibility of operation management and overall performance of the business. Here the professional’s skills and talents is a vital point which indirectly summarizes the overall parameters of the enterprise and affects the efficiency of operation management and strategic planning. Work scheduling: Division of work among employees or professionals also impacts the overall status and validity of operation management and the efficiency of professionals or employees(Vestal, 2015). This portion also states about the availability of resources and how properly they are utilized to meet the objectives or goals of the enterprise or organization. Work culture: Both work culture and operation management is interrelated with each other and contributes towards increasing the productivity of the enterprise or organization in the market place. Work culture or process states about the overall professionalism existing inside the enterprise or organizationandthestatusofco-ordinationandcooperationexistingamongdifferent departments. Apart from the factors mentioned above, which influence the overall credibility of operation management, decision making procedure or process is also driven by the elements of some conditions which are mentioned above: External environment: The overall outcome of external environment affects the performance and position of the enterprise and influences that of decision making procedure or process badly(Vestal, 2015). Political, legal, and technological factors states about the profitability ratio of different location which further impact the decision for the enterprise regarding different projects or schemes. Page |12
Return: Since the major obligation of any enterprise including M&S Ltd is to maximize profit, return on investment directly impacts the overall decision making procedure of the enterprise taken at different levels or standards. If the return is high with no unknown threat or risk, decision is majorly approved by the authorities and if the decision is risky and comprises of uncertainties, the same is generally not implemented or executed by the enterprise(Zenger, 2014). Conclusion: The study highlights the part of manager and leader towards enhancing the financial and non- financial position and status of the organization in the market place. The characteristics of both the above mentioned professionals is different from each other which further contributes towards achieving the respective objectives and perform as per the requirement of the market place. M&S Ltd needs complete re-modification of strategic and market planning to enhance the performance of professionals and credibility of leaders in an appropriate manner. Moreover, the working culture put significant influence towards operation management while return from investment and political factors have impact towards decision making process or procedure of the enterprise (Zenger, 2014). Page |13
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