Explore the roles of leaders and managers in Marks and Spencer, analyze operational management approaches, and assess the impact of decision-making. Understand the importance of leadership styles and theories in achieving business objectives.
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MANAGEMENT AND OPERATIONS
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Contents INTRODUCTION................................................................................................................................2 OVERVIEW OF THE ORGANIZATION............................................................................................3 TASK 1..............................................................................................................................................4 LO1...................................................................................................................................................4 P1 DEFINE AND COMPARE THE DIFFERENT ROLES AND CHARACTERISTICS OF A LEADER AND A MANAGER WITH SPECIAL REFERENCE TO M&S..........................................................................4 TASK 2..............................................................................................................................................6 LO2...................................................................................................................................................6 P2 USING EXAMPLES OF MARKS AND SPENCER EXAMINE EXAMPLES OF HOW THE ROLE OF A LEADER AND THE FUNCTION OF A MANAGER APPLY IN DIFFERENT SITUATIONAL CONTEXTS.6 P3 USING EXAMPLES MARKS AND SPENCER APPLY DIFFERENT THEORIES AND MODELS OF APPROACH,INCLUDINGSITUATIONALLEADERSHIP,SYSTEMSLEADERSHIP,AND CONTINGENCY.............................................................................................................................8 TASK 3............................................................................................................................................11 LO3.................................................................................................................................................11 P4 USING EXAMPLES FROM YOUR CHOSEN ORGANIZATION, EXPLAIN THE KEY APPROACHES TO OPERATIONS MANAGEMENT AND THE ROLE THAT LEADERS AND MANAGERS PLAY........11 P5 USING EXAMPLES FROM YOUR CHOSEN ORGANIZATION, EXPLAIN THE IMPORTANCE AND VALUES OF OPERATION MANAGEMENT IN ACHIEVING BUSINESS ACTIVITIES........................13 LO4.................................................................................................................................................15 P6 USING EXAMPLES FROM YOUR CHOSEN ORGANIZATION ASSESS THE FACTORS THAT IMPACTS OPERATIONAL MANAGEMENT AND DECISION MAKING BY THE MANAGERS AND LEADERS.....................................................................................................................................15 CONCLUSION.................................................................................................................................17 1
INTRODUCTION There are a wide number of organizations present in the international market, which serves its customers with a variety of products and services. All of these organizations run its businesses by developing different strategies and plans, and the management committee and leaders of the companies plays a vital role to bring those plans and strategies into action successfully. The following report discusses about the different aspects and factors that are directly or indirectly related to the roles and responsibilities of leaders and managers within an organization. In order to achieve all the aims and objectives of the company as well as to enhance the productivity of the business, the management committee along with the organization’s board of directors develops an assortment of diverse policies (Heizer, et al. 2016). These policies, supported by the various different theories and concepts are also effectively portrayed in the subsequent assignment. There are several theories and concepts proposed by the different researchers regarding the management of human resources as well as the operations of the workplace. This report is based on the UK based organization, i.e. “M&S”, which is a retail company of the United Kingdom. This subsequent report also presents the concepts that depict the different types of management and leadership styles for the management and operations within the chosen organization. 3
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OVERVIEW OF THE ORGANIZATION M&S (Marks and Spencer) is a multinational retailer company that operates in various different nations of the world. The organization was found in the year 1884, and since then it has experienced a lot of changes within its operations and performances. The headquarters of M&S is situated in London, UK. There are approximately around 1000 stores in the UK and around 460 stores at the international locations. Out of those 1000 stores across the United Kingdom, approximately around 620 stores sells only food items, whereas the rest of the stores sells a widevarietyofdifferenthomeproducts,clothes,luxuryfoodproducts,etc.tothe organization’s targeted segments of market (Wilson, 2016). M&S was the first retail organization in the UK to earn a pre-tax profit of more than£1 billion. The revenues generation of the company kept on changing every year since the year of its establishment. The revenue generated by the company in the financial year 2016-17 was approximately around£11000 million. There are around 85000 employees working for the M&S at various different outlets of the organization in all across the globe. 4
TASK 1 LO1 P1 DEFINE AND COMPARE THE DIFFERENT ROLES AND CHARACTERISTICS OF A LEADER AND A MANAGER WITH SPECIAL REFERENCE TO M&S Managers and leaders of an organization like M&S plays a vital role for the success of company’s business in the local as well as in the international market. Both of these terms are defined as follows; MANAGERS The persons in a company who manage and design the operations of the organization as per the developed aims and objectives of the business are knows as managers. There are different departments present within an organization, and every department consists of managers for managing the operations of that department. It is the key responsibilities of company’s managers to develop plans as well as implement them effectively for the organization’s success in the market. The organizational structure of M&S is designed in such a way that the managers of different departments of the company are situated at different levels (Roche, et al. 2014). LEADERS The persons in an organization who ensures that the assigned tasks to the human resources of the company get successfully accomplished on the desired deadlines are known as leaders. There are various different types of leaders, and these types depend on the actions that are taken by the leaders with respect to any particular situation within the workplace. It is the key responsibilities of leaders at M&S to identify the potential skills within the team members and then to make them work according to best of their skills and knowledge. The leaders of the organization are also held with the responsibilities of motivating the employees. 5
DIFFERENCES BETWEEN LEADERS AND MANAGERS Although the managers and leaders have almost same level of responsibilities within the workplace, there is an assortment of differences between their roles and functions. While discussing out the differences between the roles and responsibilities of leaders and managers with respect to the context of M&S, it is very important to consider the way they completes the task at the workplace. The managers of the M&S develops different strategies and then explains them to the company’s leaders, while the leaders of the association are then held with the responsibilities of further communicating those plans and strategies to the respective team members. Another difference between the managers and leaders is that, the managers plan different activities within the organization, whereas the leaders motivate the staff members of the company to perform their works as per as the desired plans that are set up by the managers. Along with this, the major difference between the role of leaders and the role of managers in the M&S is that the standards for the tasks’ performances within the workplace are established by the company’s managers, whereas the leaders of the M&S utilizes their interpersonal communication skills to ensure that the work is done appropriately. ROLES OF LEADERS AND THE FUNCTIONS OF MANAGERS IN THE M&S The major roles and functions of leaders and managers are as follows: PLANNING: -It is the primary function of managers at M&S. The managers along with the organization’s valuable stakeholders develop different plans for the development of the organization in the market (Northouse, 2015). STAFFING:The HR Manager of the company recruits skilled workers for the M&S to achieve all the organizational goals successfully. 6
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TASK 2 LO2 P2 USING EXAMPLES OF MARKS AND SPENCER EXAMINE EXAMPLES OF HOW THE ROLE OF A LEADER AND THE FUNCTION OF A MANAGER APPLY IN DIFFERENT SITUATIONAL CONTEXTS Management is a multipurpose unit that manages and controls business organization. It comprises the activities of setting the strategies of an organization and synchronizing the efforts of personnel’s to attaining the aims and objectives of the organization (Grohar-Murray, et al. 2016).The basic job of management is innovation and marketing. It is the act of managing, supervising and conducting functions within a business organization. The functions of management all along with the leadership styles are necessary for any business organization in the concern of Marks & Spencer to bring the changes and modification in the different policies and strategies of the business organization to carry out improvement and development in the operations of the organization. The number of management theories and leadership styles is applicable to the business organization. The managerial functions and role of leader combine and work simultaneously for achieving the objectives and aims of the business organization. There are various functions of management with the different qualities of leaders which all together help in proper functioning and operating the business unit. Marks and Spencer is a leading British multinational trader. It specialized in selling of home products, luxury eatables and clothes. It was established in the year 1884 by Michael Marks and Thomas Spencer. They are tremendously efficient in developing the potential leaders for their business. Marks and Spencer set up the well-organized structure of leadership within the business unit. This is an integrated arrangement of setting the objectives, linking the strategies 7
of business, progress report, rewards, and appraisals. The leader should have the certain qualities that can help out him in managing the overall business unit. 8
P3USING EXAMPLES MARKS AND SPENCER APPLY DIFFERENT THEORIES AND MODELS OF APPROACH, INCLUDING SITUATIONAL LEADERSHIP, SYSTEMS LEADERSHIP, AND CONTINGENCY For the concern of business, leadership is an essential factor. In today’s world, it is a prime aspect for every business unit to have a good leader for the success of the business organization, but it’s a quite tough job to find the good leader (Luo, et al. 2014). The management by objective plays a vital role in separating the issues related to operations of the business unit by involving the workforce in a decision-making process. The leaders and managers of the business unit work together to enhance the performance and to attain the objectivesoftheorganization.Managementofobjectivesistheapproachthatbrings encouragement and motivation amongst the employees. Situational leadership simply defines as it depends on the situation. The theory of situational leadership was developed by Paul Hersey and Kenneth Blanchard. This specific model explains the several needs of the situational leader. It can suggest the most appropriate style of leadership for the particular situation. The two leadership styles are as follows: TELLING- In developmental stage the individuals not having the proper knowledge about the task as they need to learn more about this, the requirement of proper assistance and clear direction is there in the business organization. The requirement of telling what, how and when to do is must. It displays the autocratic behavior (Van der Voort, 2014). SELLING-Inthis level of leadership style, there is a need for better guidance from a leader. It helps the individual in developing the skills and reasoning. This style displays the development of team and control in an effective manner. 9
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Figure: 1 Hersey-Blanchard Situational Leadership Theory {Source: https://www.kazmaier-translations.com/human-resource-management/leadership- and-leading-change/} PARTICIPATING- At this stage of development, the leaders should adjust leadership style to work in the more democratic way and focusing much on the relations rather than tasks. The motive is to develop the good team and they can take their own decisions autonomously. DELEGATING-On this level the teams become skilled and developed as the manager delegating the authority to the staff so that they can autonomously does the formation of objectives and compatibly take a decision to the groups and easily implement the strategies to the business. This style of leadership is fully democratic. THE MODEL OF SITUATIONAL LEADERSHIP 10
The structure of situational leadership is having the capability of bending the style that it finally set with the duties and responsibilities of the employees. The individual should manage in the distinctive manner that depends on the proficiency of the job. If better know about the compatibility of workers than this model of situational leadership can be used efficiently. The duty of the leader is to provide specific and precise blueprint so that employees work accordingly (Kaplan, et al. 2014). This style set up in the individual interest and the team’s growth. The appropriate growth and output have the symbiotic relationship with the leadership styles. To obtain best from the team, this leadership style suggests comprehending to manage the teams effectively while understanding their skills. 11
TASK 3 LO3 P4USING EXAMPLES FROM YOUR CHOSEN ORGANIZATION, EXPLAIN THE KEY APPROACHES TO OPERATIONS MANAGEMENT AND THE ROLE THAT LEADERS AND MANAGERS PLAY Operational management is a major part of any business organization for managing the activities and improving the quality of a production unit. It is the system of management that produces the products and services. The foremost responsibility of operational management is to manage the business unit inefficient way and to utilize the least quantity of available resources simultaneously meet the demands of customers (Heizer, et al. 2016). It involves the process of transforming raw material into finished goods. An example of Marks and Spencer is taken to explain the operational system of the service organization. This system involves production, manufacturing and packaging of the products produced by the organization. FORECASTING- forecasting growth in food and clothing industry, demands according to latest fashion and trends. CAPACITY PLANNING-It is the most important part of operations management as the maintenance of cash flow is essential to attain the reasonable and realistic profit. LOCATING FACILITIES-the decision of managers is to make available the products at every probable region where company sales its products. 12
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SCHEDULING-making the schedule of everyday tasks of production, manufacturing and packaging departments. MANAGING INVENTORIES-Inventory management is the crucial task for every organization as the stock of food and beverages and mainly the raw material for the production and manufacturing unit is necessary. QUALITY CONTROL-For a better supply of goods and services effective monitoring is essential. Quality check of products is done after manufacturing. IMPLEMENTATION OF TOTAL QUALITY MANAGEMENT IN MARKS AND SPENCER Total Quality Management is the practice to obtain effectiveness and development in the production process. The purpose is to focus on the continuous progress and improvement of products quality of the business. Fulfilling the demands by meeting the needs of customers is the aim of TQM. In TQM the managerial function is to plan and formulate the strategies and execute them for organizations betterment (Sallis, 2014). The leader inspires the workers to work in the team and helps in removing the conflicts among the workforce. So that it’s easy for them to accept and adopt the techniques to improve the quality of products gaining extreme competitive advantage in the market competition. 13
P5 USING EXAMPLES FROM YOUR CHOSEN ORGANIZATION, EXPLAIN THE IMPORTANCEANDVALUESOFOPERATIONMANAGEMENTIN ACHIEVING BUSINESS ACTIVITIES Operational management is the elementary part of every business organization. It is the area which is concerned with the production distribution of product and services. This field of management is vital as well as challenging for every type of businesses varied from production to retailing. It concerns with the process of converting raw material and labor in products and services. In operations management, the technological advancement and distribution of labor benefit the productivity of the organization. Operational management refers to an efficient control of the transformation of inputs into output. It also improves the ability to meet the customers’ requirements. It helps in providing better services to the customers than that of competitors. It plays a vital role in building brand image and reputation of the organization. The strategies of operational management should support the objectives of Marks and Spencer organization.It should meet the customers’ demands; Superior Quality Reduction in Cost Prompt response Flexibility Adaptability 14
Figure: 1 Typical Transformation Process {Source: https://courses.lumenlearning.com/boundless-business/chapter/introduction-to- operations-management/} Operational management of Marks and Spencer critically focuses on managing the procedures of production and distribution of products and services. It concerns with all the activities within the business organization. It specifically concentrates on the effectiveness and efficiency of the process. 15
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LO4 P6USINGEXAMPLESFROMYOURCHOSENORGANIZATIONASSESSTHE FACTORSTHATIMPACTSOPERATIONALMANAGEMENTANDDECISION MAKING BY THE MANAGERS AND LEADERS Marks and Spencer is the leading British multinational company. It is well-known for its speciality in selling clothes and food products. It operates generally in a more competitive market. This company is the first British retailer that earned profit $1 billion. The organization strongly stands out from the rivals by restructuring the market. The management of Marks and Spencer’s is really efficient as the methods developed by the organization increases its productivity. The leaders and managers are having identical roles but they are working in a different manner effectively. Strategic management is the process of formulating and implementing the main objectives and initiatives taken by the higher management of a business organization. Ultimately it enhances the performance of the organization and it consists of certain factors like the formulation of strategy, examining environmental factors, execution of strategy, monitoring and evaluation (Anderson, et al. 2015). It’s the necessity of every business organization to determine the success in the commercial market. Marks and Spencer concentrate on the needs of ethics, values and sustainability of business organization to improve the relations with consumers and providing them satisfaction by fulfilling their demands. The company operates the environment of competitive advantage for attracting the customers. By cost reduction and innovation in Products Company make its place again in the market. The relationship between the leadership styles and the function of managers impacts the corporatesocialresponsibilityofthebusinessorganization.Themanagementofthe 16
organization adopts the policies and developing the strategies concerning the aspects that may affect the social responsibility of the business towards the community (Northouse, 2015). The policies those are associated with the satisfaction of consumers, environmental protection, and providing superior quality goods and services at affordable prices. The manager of the organization functions according to it by effectively communicating the policies and strategies to the staff and directs every department. The leader on the other side motivates the employees to work efficiently on the different strategies developed by the management. Six Sigma approach concentrates on the quality management. The specific approach utilized in the business organizationto monitor the performance and efforts of the team in the accomplishment of particular tasks as it results in improved performance. The manager develops the plans and strategies that can help in effective utilization resources within the organization (Slack, 2015). CORPORATE GOVERNANCE IN ACHIEVEMENT OF ETHICAL BUSINESS Corporate governance creates awareness in the origination about the significance of the ethical and moral standards of the business industry. The main factors that have to keep in mind while doing any business. That is the concern of stakeholders and shareholders, the environmental factors and the sustainability of management (Schaltegger, 2017). The corporate governance and the operational management both are helping together in attaining the objectives of the specific business and it sustains the satisfaction level of the consumers. 17
CONCLUSION This assignment ofmanagement andoperationsconcluded that theimplementation of leadership styles and theories of management in the business organization will come up with the better results. This concentrates on the situational theories that will focus on certain modification and changes in the working of organization and help in removing the conflicts within the business organization. In this assignment, the role of leaders and managers are evaluated and their identical tasks that carry out in the different ways. The leaders inspire the workforce to work within a team for improving the productivity of the organization. 18
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15.Wilson, D., 2016. Marks & Spencer: the quest to master the new millennium. The Business & Management Collection 20