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Assignment on Management and operations in business

   

Added on  2020-01-23

15 Pages5121 Words167 Views
Business DevelopmentFinanceLeadership ManagementProfessional DevelopmentNutrition and Wellness
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MANAGEMENT ANDOPERATIONS
Assignment on Management and operations in business_1

TABLE OF CONTENTSINTRODUCTION......................................................................................................................3TASK 1......................................................................................................................................3A Comparing the roles and characteristics of leaders and managers.....................................3B Comparing the role and functions of leader and manager in different business situation.4C Application of theories and models of leadership..............................................................5D. Differentiating role of a leader and functions of manager by application of theories......6E. Strengths and Weaknesses different approaches...............................................................7F. Critical Analysis of leadership theories.............................................................................8TASK 2......................................................................................................................................8A. Key approaches to Operations management and the role of leaders as well as managers8B value as well as significance of operational management for meeting with objectives.....9C Factors affecting operational management and decision making.....................................10D Ways to make the operational management more efficient.............................................11E elements which effect to the business environment and community as well...................11F Critically evaluation of managing operations and factors affecting to this......................12CONCLUSION........................................................................................................................12REFERENCES.........................................................................................................................14
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INTRODUCTION Management and operations are the distinct business branches dealing with differentaspects of the organizational operations and activities. The stated aspects helped the businessin developing a significant and well defined impact on business growth and development.The operational aspect of the business focuses on accomplishing the business objectiveswhile converting raw material into final products. The management however focuses onminimizing the work pressure and easily accomplishing the business goals and objectives.The operational plans are developed in order to attain the predetermined objectives whilemanagement of the business focuses on effectively attaining and accomplishing the set plansby providing effective guidance and supervision to the organizational employees and staff.The present study will analyse and evaluate different roles and responsibilities of managersand leaders within an organization. It will analyse a significant impact of leadership andmanagement aspect for the business growth. The study will also focus on examining the rolesand responsibilities of leader and manager in the present competitive market. To carry out theanalysis Iceland supermarket well be evaluated which will help the business unit insuccessfully attaining business goals. The company is a well established supermarket chaindealing specifically in frozen and food and grocery items. TASK 1A Comparing the roles and characteristics of leaders and managersLeader and manager is often used as an interchangeable terms within the organizationthus creating a significant impact on business growth and success. A leader can be defined asa person who has the capability to create an urge to work and effectively performance thebusiness operations in the current competitive market (Mittal, 2015). Manager on the otherhand is a person who undertake the charge of meeting business targets and attaining hepredetermined business goals while monitoring the actions of the organizational employees.A manager manages the team and takes the feedback from leaders to evaluate and examinebusiness performance in the competitive era. There is a significant difference between aleader and a manager which has been discussed below:BASISLEADERMANAGERNatureA leader develops an urge to workamong the team to attain a commonThey work for attaining thepredetermined objectives of the
Assignment on Management and operations in business_3

goal. He motivates them to attaincertain objectives. business by effectively workingwith a particular group of people. Personalityaspects Charisma and empathy are themajor personality aspects of leaderswhich help the team members indeveloping a significant belief onthe leaders and thus create highlevel of motivation to work andattain the set objectives. Managers are future oriented andlogical. They focus on attainingand achieving the set goals andobjectives which are significantlylaid to meet the stated target of thebusiness (Zumitzavan and Michie,2015). Decision makingMaking decisions are limited toattain the target and attain theresults for a specific goal or taskhowever involvement in major andfuturistic business decisions are The decision making aspect is themajor responsibility of themanager. They are involved inmore than one decision whichhelps in effective business growthand operations. OrientationThey are people oriented and thusall their goals and objectives aresignificantly attained throughpeople (Ellis, 2015). They are the task orientedindividuals where they focus oneffective attainment of businessgoals to create a significantdevelopment impact.Style Participative, transformational,transactional and Laissez- fairesystemAuthoritarian, Autocratic,democratic and consultativeapproachesB Comparing the role and functions of leader and manager in different business situationManagers and leaders play different roles and functions in different organizationalsituations. Iceland supermarket deals in frozen food and grocery segment which is a well-established business unit in the economy. Being a part of retail food industry the companyrepeatedly faces different situations which need to be dealt in an effective and well definedmanner. Different roles and functions are adopted by different organizational employees toattain the business objectives in the stated manner. Problem solving: This is one of the crucial issue in every business unit which focuseson seeking an effective solution to different existing problems within the organization.Leaders and managers play different roles in different situations. For example in case
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