logo

Management and Operations of McKinsey

   

Added on  2020-07-22

16 Pages4996 Words36 Views
Management and Operations

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Roles and characteristics of leader and manager.............................................................1TASK 2............................................................................................................................................4P2. Role of leaders and function of manager in different situations......................................4P3. Various theories and models of approaches.....................................................................5TASK 3............................................................................................................................................7P4. Key approaches to Operation management......................................................................7P5. Significance and values of operation management in attaining objectives......................8TASK 4..........................................................................................................................................10P6. Factors of business environment that effect on operational management.....................10CONCLUSION..............................................................................................................................12REFERENCES .............................................................................................................................13

INTRODUCTIONManagement can be simply described as the procedure of designing a structure oforganisation and determining how several aspects of the venture would interact. This usuallyentails six fundamental functions that are planning, recruiting, organising, leading, motivatingand controlling (Smith, Rahn and Wang, 2010). Different levels of management gets involved invarious processes of designing with superior management and they used to form initialcorporation – al structure as well as architecture.On the other hand, leadership is nothing but theactivity of leading a group of person or an enterprise. This comprises of several tasks such assetting a clear vision, conveying that vision to team members so that work can be performedaccording to those schemes, offering the relevant information or data and methods foraccomplishing such visions. Thus, it can be said that management and operation is an integrationof leadership and management. The entire functionalities of a firm are involved under these twoterms. The present report is designed on the basis of McKinsey that is a leading consultancyenterprise in London. This venture was developed by James O. McKinsey in the year 1926. Theyare having around 25000 workers who give efficient and effective services to their potentialconsumers. In this project, different theories and frameworks of leadership approaches like Justin Time, total quality management, etc. have been explained clearly.TASK 1P1. Roles and characteristics of leader and managerIn a company, both leader and manager offer effectual services to achieve the objectivesof businesses very easily. They are playing a vital role in setting those objectives and creatingcorrect strategies in order to gain those appropriately. But this is to be noted that both of themvary from each other and their responsibilities are also very different. This can be betterunderstood by following points that are describing characteristics as well as roles of leaders andmanagers:ManagerIt simply refers to an individual who works for creating appropriate objectives to theirorganisation in order to attain high success in the upcoming days. Numerous staffs areperforming under them for achieving the predetermined goals in an effective manner (White,2016). Managers of various firms consist of a lot of obligations in order to control unnecessary1

actions and building optimistic working atmosphere. They are commonly work oriented andperforms every activity and formulation of business in effectable way. Role of manager: An employer within a venture is playing a crucial role as most of theresponsibilities are on their shoulders. They always try to create a bridge in between upper levelmanagement for translating correct strategies that they build for enterprise with the lower one forimplementing those schemes in an effective style. Various other roles of managers are mentionedas below:Building objectives: Manager is a person who gives suitable services in a company.Creation of realistic aim and objectives is one of the most essential roles of an employerin context to its venture that aids them in reaching to their final destination. Objectiveformulation is a responsible task that requires proper investigations of that market placewhere in firm is going to start its business (Neck and Manz, 2010). Such researchesinclude demands of consumers, strategies of competitors and many more so thatmanagers can design their own plan of action in accordance with that. It is their duty toset clear vision for workforces so that they can understand the same easily and start theirwork effectively in correct direction.Manage activities: After creating ambitions or aims of venture, it is the duty of themanager to organise each and every activities of different sectors and departments. Itrelay on their ability and skill since this would help them in doing the same. Thus, it canbe stated that management of enterprise totally depend on working nature as it is their jobto look after overall operations. This procedure consist of segmentation of various tasksand duties to different individuals for attaining best results in future.Monitoring and controlling: This is the duty of managing director to track the businessactivities and operations which are carried out by personnel. By this way, they can easilyminimise unnecessary work which may harm functional as well as operational activitiesof organisation (Zain and Kassim, 2012). This is considered as most crucial obligation ofemployer where, they used to analyse ability and talents of each employee who areperforming in their firm. As a result, they easily know which task could be appropriatelycompleted by whom and then assign them work as per their qualifications. This helps inincreasing quality of deliverables. 2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Roles and Function of Manager and Leader in Ford : Report
|14
|3932
|44

Roles and Characteristics of Manager and Leader in Operations Management
|12
|3276
|64

Management and Operations : Rowlinson Knitwear
|17
|4811
|22

Management and Operations Assignment - Marks and Spencer company
|15
|4672
|273

Role and Characteristics of Leaders and Managers : Assignment
|13
|3991
|60

Management and Operations: Roles of Leaders and Managers
|14
|3897
|21