Table of Contents INTRODUCTION................................................................................................................................3 TASK - 1...............................................................................................................................................3 P1. Demonstrate the contrast among definition, roles and character of managers in addition to leaders..........................................................................................................................3 M1. Difference between role and functions of manager and leader........................................5 TASK - 2...............................................................................................................................................6 P2. Describe the roles of executive within various situations of organisation........................6 P3. Apply diverse range of premise and form of an approach..................................................7 M2. Measure the strengths and weaknesses at diverse approach of circumstances within the working atmosphere.................................................................................................................8 TASK - 3...............................................................................................................................................9 P4. Evaluate the major approach of business administration and the functions play by managers and leaders...................................................................................................................9 P5. Estimate the importance of operation management in accomplishing commerce objectives.......................................................................................................................................10 M3. Examine how leaders can develop progress efficacy of business administration to effectively gather business goal..................................................................................................11 TASK - 4.............................................................................................................................................12 P6. Examine the business external aspects that affect on business administration and managerial process......................................................................................................................12 M4. Analyse how these issues affect business environment and wider area.......................13 CONCLUSION..................................................................................................................................13 REFERENCES....................................................................................................................................14
INTRODUCTION Management is determined as the act of guidance to a group of people working in an organisation by building employee relation through co-ordination, engagement and involvement. The business administration is an area alarmed with manipulating and monitoring the procedure of construction and redesigning business activities. In this project, Tesco has been selected as being the British worldwide provisional and universal commodities retail supermarket with located in England, United Kingdom(Honarpour, Jusoh and Md Nor, 2018). The CEO of Tesco is Dave Lewis from 1stSeptember, 2014 and revenue of US $63.911 billion in 2019. This project differentiates between manager and leaders by describing their description, responsibility and job roles. It additionally applies a variety of different assumption andrepresentationofapproachwithitspowerandweakspot.Additionally,it evaluates the importance and assessment of management of business in achieving business aim and intention with its roles played by managers and leaders. This project further analyses the business ecological issues that influence upon operation administration and decision-making process. TASK- 1 P1. Demonstrate the contrast among definition, roles and character of managers in addition to leaders Manager:-The manager is an individual or a group for Board of Directors who are responsible in controlling and administering the actions performed by its workers. Managers of Tesco guide and manage the performance of workers by removing mistakes from their measures to achieve success. Role:- Innovative idea:-The process of developing new idea for tactical managerial process in forecasting plan to make distinctive finished good with its unique features. Managers of Tesco focus on attracting customers through their differentiated product to compete with rivalries(Madura, 2020). Direction:-Themainfunctionofmanagersistoexplainleadersand employers for performing their activities in organized way. Directors of Tesco
direct the actions in order to ascertain the effectiveness by improving quality of product established as prescribed in labelling. Characteristics:- Self-motivated:-This refers as the ability of supervisor to be motivated and encouragedtoattainits personalandbusiness ambitionandobjectives. Managers of Tesco are self-motivated as they perform their role actively in business to achieve its objectives. Respect workers:-It is the responsibility of executors to support, co-operate and respect their workersthosewhoareperformingtheiractions within business.ManagersofTescomainlyappreciatethanksandprovide performance appraisal for their high efforts to achieve success. Leader:-Theleaderfocusonbalancingbetweenbusinessforesight, performance and character. They have the ability to delegate the authority and responsibilities of actions to their employees through division of work for realizing their precise mark in exact interval(Mahmoudi and Parviziomran, 2020). Managers of Tesco strategically plan and categorise work by developing employee relation. Role:- Team player:-The leader have the authority and responsibility for actions performed by whole effective team in order to accomplish its target. Leaders of Tesco take the charge for their team as to complete work within particular time boundation. Delegator:-Itistheprocessofdelegatingworktovariousworkersfor improving effectiveness with their high skills. Leaders of Tesco mainly focus on taking decisions by decentralising task in accordance with their work to maintain their competitive position in market. Characteristics:- Propercommunication:-Thisisknownasverbalandnon-verbal communication process to convey message for leaders and employees to completetheirtaskeffectively(Mansour-lakourajandShahabi,2019).
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Leaders of Tesco communicate with their workers politely and suggest them to achieve their target efficiently. Reliable:-Themain characteristicof leader is tocreateintegrationand reliability among every employee through their co-ordination and sharing work with one another. Leaders of Tesco focus on building belief and assurance amongtheirworkforcethroughsynchronizationtoactupontheirtask collaboratively for specific target. M1. Difference between role and functions of manager and leader FeaturesManagersLeaders DefinitionThe manager is an individual oragroupofBoardof Directors who is responsible forcontrollingand administeringtheactions performed by its workers. Theleaderfocuseson balancingbetweenbusiness foresight,performanceand character. They have the ability todelegatetheauthorityand responsibility of actions to their employeesthroughdivisionof worktoaccomplishtheir specificaiminmeticulous period. RoleTheroleofmanageristo developinventiveplanfor tacticalsupervisory decisions. The role of leader is to perform as team player and delegator. PurposeThe purpose of mangers is forecasting,categorizing, directing and managing. Proper communication skills to build employee relations. SkillsThe skills of managers are self-motivated,target- orientedandrespecting nature. The skills of leaders are to build employeerelationswith collaborationthrough engagementandinvolvement amongitsworkers(Mishra, Kumar and Hassini, 2019). QualitiesofThegoodqualitiesofThe good quality of a leader is
Individualmanageraretodevelop innovative idea with creative thinkingskills,andbe autonomous and responsible fortheactivitiesbeing executed in the company to accomplish success. honesty,integrity,confidence, commitmentandpassion.It’s mainmotiveistoencourage workers for attain objectives of both workers and organisation. Management Quality Manager’srolein management is to direct and organizeemployee’s performancebyrestricting errors. Theroleforleadersin management is to boost energy for workers to finish objective in fastidioustimebyproviding thembothnon-monetaryand monetary rewards. OperationManagement:-Theoperationmanagementisdescribedas process of utilising scarce resource effectively by converting raw material into final goodsandservices.ItissignificantformanagersofTescoastofulfilthe requirements, desire of consumers through supplying them qualitative products at least-cost effective prices. This further encourages buyers to give high prices for their specialised quality which results in high sale and profits. TASK - 2 P2. Describe the roles of executive within various situations of organisation Functions of manager:-There are variety of roles for supervisors which generate objectives expanding business activities at global level and maintain its position in market(Mukhopadhyay, 2020). Tesco’s managers require to focus on theirfunctionstoaccomplishsuccessefficientlywiththeirqualityandtime management. It is further explained as under:- Planning:-Itis theprocess of makingstrategic marketingplans for an organisationthroughthecapabilitytoanalysedream,assignmentand objective of an organisation. This strategises the company to develop its internal power for minimising weak spot and external prospect to conquer
intimidation. Managers of Tesco mainly focus on planning their new ideas to generate differentiated finished goods and services to meet the wants of their end-users. Organising:- This refers as to execute the plan within various departments of an administration to attain their organisation aim and intention effectively. ManagersofTescoorganisetheactivitiestotheirworkersthrough decentralisation in harmony with their aptitude to carry out task. Directing:- It is the process through which supervisor express and guides their leaders to perform certain actions as per the requirement of customer with the ability to achieve their level of satisfaction. Managers of Tesco supervise the activities of workers for supplying their finished goods and services by building customer relationship management(Nabil, El Barkany and El Khalfi, 2018). Controlling:-The ability of managers to observe and manage actions of workers to reduce fault throughout remedial method for achieving success. ManagersofTescomanageactivitiesoftheirworkerstomaintainits competitive position. It focuses on attaining success in global market through strengthen their resources and by utilising available opportunities. The various situations of an organisation which are as follows: Improve effectiveness:-This is the responsibility of supervisors to monitor the quality and time management of workers within particular duration through specialisation. Tesco’ managers focus on the capability ofemployees & examine the time consumption for every job activity to accomplish success. Minimise cost:-The managers of an organisation mainly targets to minimise their expense through reducing their waste disposal and fully utilising scarce resources. Managers of Tesco focus on least-cost efficacy as it draw huge numeral of clients to pay for their goods which result in increasing sale and income. P3. Apply diverse range of premise and form of an approach Various theories are implement by managers to formulate business policies andidea through innovative and creative thinking skills of managers for residual steadiness at global marketplace. It further creates opportunity for business to
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extend aggressive tactics through their intrinsic power to manage faults and extrinsic prospect for overcoming pressure(Novo, 2018). Managers of Tesco mainly focus on developing effective policies that build possibility to deal with all other competitors exist in marketlike ASDA, Sainsbury, Morrisons, Wal-Mart, etc. It is mentioned below as:- Situational:-This approach was presentedby Hersey and Blanchard in 1969.Itistheprocedurethroughwhichleadersmodifytheirstyleof leadership as per the situation of business. Managers of Tesco implement this as theyhavetoexaminequalityofproductgeneratedby worker within particular time in accordance with their capabilities. It is essential for leaders toadoptvariousstylesasenablingworkers tocompletetheirtask with specialisation by improving efficiency. System:-It is a set of skills and capabilities of workers performed with collaborationformeetingthespecifictargetcollectivelywithinparticular duration to achieve success. Managers of Tesco decentralise the task of employees as per their capabilities so they can perform assigned roles and responsibilities in appropriate manner. The leaders of Tesco have authority and responsibility to follow the instructions of their supervisors and make the task completed as per their guidance. It is essential for leaders to develop employee relations which lead to perform their task collectively with trust and faith for achieving desired goals. Contingency:-This theory is described as the combine of situational and system approach of leadership style. It is a potential capability for managers of Tesco is to reduce the negative event in future by taking precautionary steps to control it. The leaders of Tesco mainly focus on building good relation among workers through engagement and involvement by co-ordinating with each other that reduce conflicts(Rendon and Snider, 2019). M2. Measure the strengths and weaknesses at diverse approach of circumstances within the workingatmosphere The strengths and weaknesses for diverse approaches of leadership styles are as under: Leadership styleStrengths (S)Weaknesses (W)
Situational approachIthasthecapabilityto modifymanagement approach for achievement oftargetatprescribed time. Theadoptionofchange consumesmoretime which creates reason for stoppage in achievement of victory. System approachThis creates prospect for leaderstoattaintheir personalandbusiness targets. It is not possible always to achieve individual goal as themotivationby managers is provided for some specific duration not every time. Contingency approachIt is the procedure which performsactionsin systematicmannerand keepsonchangingits leadershipstylein accordancewiththeir businesssituations (Ruffieux,Mugelliniand Khaled, 2018). This approach is simple in understandingandfaces variousdifficultiesatthe time of its implementation and execution. TASK - 3 P4. Evaluate the major approach of business administration and the functions play by managers and leaders Operation management refers to produce raw materials into final products to fulfilling the wants, wish and needs of clients to accomplish success in future. The key approaches of management operations mainly aims for managers to analyse the activities of business by being aware of products produced. It is the responsibility for managers of Tesco to justify their products with total quality and point of time administration in order to participate with its competitors. These key approaches are shown below as:-
Total Quality Management (TQM):-This is described as the procedure to progress excellence of merchandise in order to assemble the requirements of end-users through building customer relationship management. Managers of Tesco focus on delivering quality goods and services that result in enlarging buyers to purchase more. It creates possibility of high revenue and profitability ratios to sustain in global market. Six Sigma:-It is the set of administrative method that focus on getting better superiority of commodities by monitoring and domineering the activities of workers to reduce errors through corrective measures. Managers of Tesco aim to minimise cost by effectively producing goods that are capable to satisfy their potential target market. It is essential for building customers support and loyalty at which they are prepared to compensate heavy amount of the product(Szász and Seer, 2018). Supply Chain Management (SCM):-This is known as the skill of producers to deliver their completed commodities throughout straight and not direct meansofallotment.Thischannelincludesmanufacturers,agents, wholesalers, retailers and customers. Managers of Tesco focus to supply all goodswhich leads to eliminate barrier for customers. It is essential for producerstoincreasebrandawarenessanddeveloptheopportunityto achieve success. Lean Manufacturing:-It is the procedure of reducing waste disposable in production for attracting large number of target market to consume their goods. This creates opportunity for maximisation of revenue and profitability ratios through promoting and positioning in mind of their customers. Managers of Tesco manage their workers in manufacturing goods by least wastage for least-cost effectiveness to accomplish goals and objectives. P5. Estimate the importance of operation management in accomplishing commerce objectives The business administration is very necessary for an organisation to renovate rawmaterialsintofinalproductsbyimprovingqualityandtimemanagement. Managers of Tesco implement operational management to reduce their wastage by effectively utilising it in future. Its importance is explained as:-
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Improveproductivity:-Thisrefersastheresponsibilityofmanagersto control the decisions of workers in favour of an organisation by reducing their time consumption and improving quality of products. Managers in Tesco has to focus on distributing their goods and services to its end-users for increasing sale. Leaders in Tesco aim to enhance products’ quality to ensure customer’s satisfaction. Able to utilise scarce resources:-It is important for an organisation to make useoftheirlimitedfundssuccessfullyinordertomaintainpositionin worldwidemarketbydevelopingtheiraggressivetactics.Theroleof managers in Tesco have the motive to increase their intrinsic strength and capability to maximise extrinsic opportunities todealwiththethreats by focusingonleanmanufacturing.InTesco,leaderssoeffortstoisto accomplish set goals. Operation management plays a prominent role in accomplishment of objectives by fulfil customer’s requirements to maintain competitive position. Managers of Tesco are valuable by adopting this as they are capable to improve their competitive edgeto compete with competitors such as ASDA, Sainsbury, Morrisons and many more Its values are shown as under:- Increase goodwill:-The role of managers in Tesco is to increase goodwill by take high risk in business situation with the capability to control it efficiently that will results in high return in future. Leaders’ role in Tesco isto perform every activity by proper management of time in order to improve efficiency in accomplishment of success(Trigeorgis and Tsekrekos, 2018). Improve safety and quality:This refers as the opportunity of business to motivate their workers to perform their job roles in effective manner that leads them to achieve safety measures such as life insurance, medical treatments, etc. The role of managers in Tesco is to encourage people for accomplishing their individual and organisational goal efficiently and develop products with total quality management. Leaders’ role in Tesco is developing employee relationwhichincreaseco-ordination,engagementandinvolvementto complete their task in particular time period.
M3. Examine how leaders can develop progress efficacy of business administration to effectively gather businessgoal The operation management is very important for an enterprise to improve efficiency by analysing the error through monitoring and controlling the action of workers. It further focuses on reducing mistakes through corrective measure that might delay in attainment of organisational targets. Managers’ role in Tesco focus on full utilising of scarce resources effectively and reduce waste disposal in order to minimise cost and leads to attain high revenue and profits. TASK - 4 P6. Examinethe business external aspects that affectonbusiness administration and managerial process Themacro-environmentalelementsofbusinessthataffectoperation management and process of decision making for managers that are explained on the basis of PEST Analysis is as follows:- PEST Analysis:-This modelrefers as thechangeinexternalbusiness environmentthataffectthebusinesseitherfavourablyorunfavourablyin accomplishment of set activities. Managers of Tesco mainly focus to minimise their threats through taking precautionary steps in advance. These factors are mentioned below:- Political:-Thiselementconsistsincludespoliticalpolicy,stabilityor instability,fiscal&monetarypolicy,etc.Itmainlyfocusesonrulesand regulations imposed by political leaders which are to be followed accurately and legally. In United States, the political leaders mostly remain same as there is no change fluently. This affect Tesco managers in positive manner as there is no change in rules of political leaders as it remains constant. Economical:-It is the element that consists foreign exchange rates, raw material cost, employment or unemployment rates, etc. Managers of Tesco are adversely affected as with this element as this are bound to pay wages to their workers who are not performing actively in their job roles. It is essential for managers to incentives, pay bonus and performance appraisal for the workers to encourage them to complete their task effectively.
Social:-This refers as demographic conditions, population growth, health consciousness income distribution and age. Managers of Tesco are positively impactedasthisofferopportunitiesofwithinthesocietywhichcreate possibility of their support and loyalty. Technological:-It is the factor that consist of adopting updated technology, innovation, automation, etc. This also affect workers in positive manner as workerspromoteandpositiontheirfinishedgoodsandservicestotheir potential consumers for increasing sales and profits. M4. Analyse how these issues affect business environment and widerarea The various factors of external business environment affect the stability of businesswhichaffectpositiveandnegativeuponoperationmanagementand process of decision making of managers. It further delays in accomplishment of successthroughpropertimemanagementandqualityandcreatethreatsfor business which are high uncontrollable risk. This adversely affects the motivation of employees for continuous change in goals and objectives of business. CONCLUSION From the given information, it can be summarised that management is a continuous process within an organisation to achieve its targets for maintain its position in perfect competition market. Operation management also plays important role in enterprise to transformraw materials into final products for supplying it to their potential target market with the motive to increase number of profits. This further creates opportunity for growthin market where competitive forces exist. This project compares between managers and leaders on the basis of their definition, roles and functions with planning, organising, directing and controlling. It further appliesvarioustheoriesandmodelswhichincludesituational,systemand contingencyapproachofbusiness.Apartly,itexaminesthekeyconceptsof operational management through six sigmas, quality and supply chain management with its importance and value for business to attain goals and targets. This report analyse the different factors which affect operation management and process of decisionmakingprocessthroughapplicationofPESTAnalysisfordeveloping competitive strategies.
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