Operations Management: A Literature Review
Added on 2020-06-03
14 Pages4858 Words65 Views
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Management and Operations
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Define and compare the role and characteristics of leaders and managers.......................1TASK 2............................................................................................................................................3P2 Role of leader and function of manager apply in differ situational context......................3P3 Different theories and models of approach including situational, contingency and systemleadership................................................................................................................................4TASK 3............................................................................................................................................5P4 Key approaches to operational management and role leaders and managers play...........5P5 Importance and value of operational management in achieving business objectives.......7TASK 4............................................................................................................................................8P6 Factors within a business environment that have impact upon operational management anddecision making by leaders and management........................................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONManagers are essential part of business which required at each and every level of a firm.For managing various operations, it is really essential for managers to contribute their maximumskills and knowledge for working and managing operations (Anderson and et. al., 2018). Thisproject is based on management and operations in context with Mckinsey and Company whomproviding advise to worldwide consulting firm. In this project, various essential aspects willgoing to underpin in which difference between the role of a leader and functions of manager getarticulated. Along with this, applicability of role of leader and functions of managers will alsocrafted in business operations context. Further role of leaders and managers play in functions ofmanagement will also discuss in the working. There will be a relationship between leadershipand management in context of diverse business environment will also determine. TASK 1P1 Define and compare the role and characteristics of leaders and managersManagers play an important role in an association whom contribute their skills andabilities of working for managing various operations of a firm. Managers have managementskills and knowledge which assist them to deal with any situation, they prefer less risk and valueworking with a systematic manner and procedure. It is really essential for managers to estimatedtheir roles and features properly so that targets get accomplish in a suited manner. Most numberof individuals get confused with leaders and managers. But in actual facts both of them arecompletely differ from each other (Bendoly, 2016). McKinsey and Company employees need tounderstand both of these entities properly so that effective working towards objectives get doneand maximum return could be estimated. Although, below is a differentiation between roles ofleaders and managers in a company so that better associated working get done and manage:BasisLeadersManagers MeaningLeadership is define as a skillfor leading others and makethem motivated towards workand target accomplishment forbetter oriented gains. Managers are the one whomuse their skills and art formanaging resources effectivelyby coordinating and organisingthings in supported frame. BasisLeaders are trustworthy inManagers are the one whom1
nature whom suppose to trusttheir subordinates by dividingwork. have more power than leadersand they have appropriatecontrol on each and everyactivity perform by wholeassociation. Based onLeaders are important in anorganisation for inspiring andmotivating individuals so thatbetter and effectiveunderstanding about conceptget done.Managers have much potentialand skills for managingactivities so that betterassociated return could be gainin positive attribute ofworking. Focus onWhenever any kind of changearise related with culture,interest etc. leaders need tomange and encourage suchmodifications properly. Managers of every associationwhether it is bog or small haveseveral key skills and abilitieswhich enable them to promoteand support in gaining stabilityfor enhancing operationsefficiency. FormulatedLeaders work on principlesand guidelines which theyusually gain through theirworking abilities. Managers always enforceworking on policies andprocedure as they think thatevery operational workinghave definite policy andprocedure to make thingsappropriate. McKinsey and Company need to understand the difference between leaders andmanagers properly so that better concentrated work get done. Along with the roles, leaders andmanagers also get vary from each other on the basis of their characteristics. Such aspect need tounderstand by employees of a company so that absolute working get promoted in order tomanage diverse operations regarding providing advise (Borodin and et. al., 2016). Although,difference between both of them stated as follow:2
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