TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 1. Introduction and management structure.............................................................................3 2. Comparison between managers and leaders.......................................................................4 3. Difference between managerial function and leadership roles...........................................4 4. Examples showing roles of managers and leaders.............................................................5 5. Different management and leadership theories..................................................................5 6. Strengths and weaknesses of theories.................................................................................6 7. Impact of managers and leaders on Marks and Spencer....................................................7 TASK 2............................................................................................................................................7 1. Operation management.......................................................................................................7 2. Roles and responsibilities of manager and leader..............................................................8 3. Importance of key approaches to operations management.................................................9 4. Managers and leaders could be effective in improving operation management system....9 5. Presenting impact of external business environment factor on operational management10 6. Critical evaluation of the factors of operational management..........................................10 7. Suggestion for future improvements................................................................................11 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................13
INTRODUCTION Managementandoperationsplayacrucialroleinthebusiness.Operationsand management help in planning, organizing and designing in order for gaining higher profitability. The entire report deals with management and operations of Marks and Spencer which is a multinationalretailerstoreinUnitedKingdom.Thereportfocussesonmainrolesand characteristicsof leadersand managersof Marks and Spencer with differentmanagerial functions and leadership roles. It also presents different theories such as situational, system and contingency leadership theories with its strengths and weaknesses. Report shows the way operational management of a company help in success and growth. It also identifies the roles and responsibilities of managers and leaders in successful management of operations and explain the importance and value of the key approaches to operations management. Report evaluates the way managers and leaders could be effective in improving operational management to meet the objectives and also present some recommendations for future improvement. TASK 1 1. Introduction and management structure Marks and Spencer is a brand multinational retailer store in the United Kingdom. It has approx. 85,000 employees and 979 stores in the UK. More than 600 stores mainly sell the food products. Company’s aim is to provide good quality of products to the customers at lower rate. Management structure of Marks and Spencer is superior as compared to others; it follows flat management structure.The management structure of M&S help to encourage employees for decision making and has limited level of management in between authority and employees which help to communicate easily which allows fast change with less problem(Jacobs, Chase and Lummus, 2014). The company does not follow traditional system and follow flat structure because it has pyramid shape which means that it is having different managers in every department with head executive management at top.
2. Comparison between managers and leaders Managers: In the context of M&SManagers only manage a company and they are responsible for planning, directing and controlling. The role of managers depends upon the nature of work such as in Marks and Spencer, top level managers are responsible for mission and sales managers are responsible for selling the quality products and solve problems related to customers. Leaders: In the context of M&S leaders are those who motivate employees and inspire his followers. Marks and Spencer also have leaders who create team, innovate different products and develop trust among their employees and authority. They take risk in order to gain success for a company and always try to support employees as well as guide them if they face any problem while managers do not. They focus more on the growth and development of a business but managers only attain the required results (Lawrence and et.al., 2015). 3. Difference between managerial function and leadership roles By applying management theories and concepts, managerial functions and leadership rolesarecompletely differentfrom each other. Managerialfunction includescontrolling, Illustration1: Management structure Source: (Management structure, 2018)
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directing and managing the allotted work while leadership roles include motivating and advising employees for better performance. Managerial functions depend on managers such as good communication skills, take proper feedback regarding staff work but leadership quality help to encourage the employees or staff to do work in order to achieve the targets. Leaders clearly create vision while managers only achieve the target in a day; they did not take risk (Heizer, 2016). Leadership qualities help to execute strategy and improve performance of a team while in managerial functions, it only focuses on completing the allotted tasks with a given time. 4. Examples showing roles of managers and leaders Marks and Spencer are trying to bring new products in their existing firm such as they add healthy drink. In that case, leader of a company thinks whether this product will maximize the profit because they think for future while on the other side, manager of a company tries to direct new plan and make strategies in order to make the product successful (Yang, 2016). Marks and Spencer want to develop a new management system in its store. In this situation, leader motivates staff members to learn and understand the management system while managers plan the way to execute it and what are the different promotional activities should be done in order to make this new management system successful for a company (Venkat and et.al., 2015). 5. Different management and leadership theories Situational leadership:This leadership style helps to adjust the managers or leaders to face any situation. According to this theory, effective leaders are those persons who adopt their style to the situation such as type of task, nature of group and many other factors which affect the growth and performance.By using situational Leadership theory, leaders can take better decision for a company which help in the growth of a company. System leadership:In this theory, leaders change their style in order to meet the specific goal that make progress towards social change. This theory mainly focuses on changes related to society and leaders to work for the development of society (Chevalier and et.al., 2015).This theory help leaders in their decision making further aid to company's growth. Contingency leadership:This theory states that leaders must establish good relations with staff and customers so that they can change their style according to task structure and if
employees perform well in a company, then they must be rewarded for same.By using contingency leadership, leader of M&S can easily maintain good relationship which directly helps in the attaining it’s all objectives and goals. 6. Strengths and weaknesses of theories THEORYSTRENGTHSWEAKNESSES Situational leadershipSimple to understand Make good relationship between managers and employees Not task oriented and managers /leaders may struggletoremain flexible System leadershipHelpsindecision making Focusesonmultiple targets of management Not practical and delay in decision making Notapplicablefor all types of organizations Contingency leadershipMostflexibletheory than others Employeesmaygive their opinions Whenputthistheory intoaction,becomes complex Suffersfromless knowledge of literature These theories are sometimes helpful for a company and by applying these range of theories into managers or leaders would help in upgrade the quality of work because this help to make good relationship between employees and help in decision making but on the other side sometimes it may be not fruitful for the growth of company as it not applicable in all situations. For example, Richard Nicolosi who is a general manager of Practer and gamble's paper product, faces problem regarding new competitive pressure which fell the company down from present scenario. The customers are now more focus on cost savings and volume which creates negative impact on the company. As a result, based on above situation Nicolosi stressed the need for the division and become more creative rather than low cost producer. Nicolosi adopted strategy with the help of a leader Nahavandi on the concept of self-managed team and tries to
improve and implement their own products in a market. This situational adaptability is applied by Nicolosi and achieve the goal of a company. 7. Impact of managers and leaders on Marks and Spencer Effective leaders and managers create high impact on a company and they help to guide and motivate a team to achieve the set goals and targets. If managers and leaders may adjust their qualities and style according to situation then it will create the best impact on Marks and Spencer to maximize its profit and sale (Akalin, Huang and Willems, 2016). By working together in the field of work place will definitely take a business in next level of success and to resolve every problem whether it is related to customer of employee should be handle in very polite manner so that it creates positive attitude towards them and create good environment in business. Recommendations:For future improvements, leaders should not leave their positive attitude and always motivate his team in right direction so that they will fulfill the need of customers by producing good quality of products and managers should make strategies in order to execute the plan for a business. If they both do their work in an effective way, it will definitely take business at the next level of success (Fisichelli and et.al., 2016).Manager and leaders of Marks and Spencer will use the latest technology in order to attract more customer and they should hire more staff to deal with customers with satisfaction replies. Communication power should be strong because it will definitely enhance the level of company. TASK 2 1. Operation management Marks and Spencer have good operation management as this is one of the leading companies and fulfil all the needs of customers. Every company have its own operation management system in order to achieve operation strategies and for Marks and Spencer operational management activities help to serve all kind of product at high quality in all convenient locations. It has various department which perform their own role such as food department: it serves all type of food product and maintain the balance amount of product by using inventory system which continuously check in and out of product. Technology department: the company understand the importance of technology on their field that is why it start online business for convenience of their customers. Selling department: it improves it selling system by using promotional activities and offer discounts on the purchasing of worth amount. It also has
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good supply chain management system which is quite necessary to establish good network in the market in order to satisfy customer before its rivals do. Marks and Spencer use various types of key approaches to increase its performance in the market such as Provide the best quality of food product in order to attract more customers and feel them satisfy by providing item at lower rate (Fisichelli and et.al., 2016). It follows hybrid service, which include multiple tasking work and with the best communication and coordination authority can help to create maximum profit. The company, follow autocratic decision making which help to take decisions according to situation as decisions are made at top and a good decision will help to take a business in positive direction. Marks and Spencer work for make his brand popular in terms of clothing as it basically works according to demand of customer by providing comfort and fit style. 2. Roles and responsibilities of manager and leader Manager's role and responsibilities:in operation management, managers play a key role in marketing, budgeting and cost controlling and always keep the financial status strong. Managers mainly focus on those resources which help to minimize the cost. Mostly they work on improving sale system and business forecast and find different ways to minimizes result. They must have good communication and personal skill which help different department to work together (Burns, 2014). The managers also help in good decision making and resolve all the problems between employees and customers. The main responsibility of managers is to set goals and then establish policies and review the performance of every employee. Leader's role and responsibilities:Marks and Spencer have efficient leaders and their main role is to motivate all the employees to achieve the well-defined mission and convert into strategic plans and then implement it for better growth and development. Organization ability is clearly reflected from the profit it may earn during a year with the efforts of leaders, managers and employees (Akalin, Huang and Willems, 2016). As the leader of a company always focus on company's mission and vision and it’s their responsibility to train the staff and let them motivate to do work accordingly and then monitor the assigned work is in progress or not. The leaders must set all the goals with clear identification of its objectives.
3. Importance of key approaches to operations management Operation management is basically focused on production of goods or services and it is necessary to done work according to management system. These operation management concert the input (material, labor) into output or result which can be seen to the customers in order to make them satisfied. For service-based operations system, many factors related to human resources and quality of performance are given more importance as compared to others. The main function of operating system is to make plan and then implement it into the products and then sell to the customers. Business cannot hope for a success without operating management system. Key approaches use resources appropriately to produce product and then serve it to the users. These approaches are important because the maintain the cost, quality and speed with flexibility of a product (Baxley and et.al., 2016). They always take cares for the maintaining long term supplier’s relationship process to supply them best quality of product in prescribed time. Throughoperationmanagementsystem,MarksandSpencerrealizestheactualcostof production and position of a business and make necessary improvements in order to make itself best among all. 4. Managers and leaders could be effective in improving operation management system To improve operation management system, leaders and managers take different steps which are mention below: They increase the communication skill with staff and listen their problem and then take some initiatives to resolve it. To make good relationship between team and managers or leaders they should keep their mind free, set and alert to solve every type of problem. To improve the operation management, leaders should be keeping their focus on the main objectives and aim of business rather than on different department and external factors. They should implement all the plans into a product and motive their employees in all stages of operations with cross communication power and support them in every stage of life so that they feel comfortable and do work as assigned to them. Leaders should pay more attention towards the quality of work rather than income because operation management maintain the cost, speed and quality of a product which is offered to the customers (Stadtler, 2015).
Operation management help in maximizes productivity and it's the duty of managers to design and execute the effective supply chain system with minimizing risk. They should look after whether the product is delivered on time or not and complete all the need of customers. They should encourage all the employees to perform best with their skills and abilities. 5. Presenting impact of external business environment factor on operational management There are various external factors which affect the business environment of Marks and Spencer which are described below:Rapid expansion of technologies:The modern business is completely based on latest technologies and Marks and Spencer too uses all the latest technologies in its business such as recently it starts online shopping business for the convenient of its customer. There is wide scope in using such type of digital technologies in the business such as it decreases the working efficiency of human and completely based or depend on those technologies.Quality and customer Service:This is the main factor which create impact on the business environment of Marks and Spencer. Operation management focus more on the quality of product that is offer rather than income because their main objective is to provide good services to its customers and establish good relation with them by continuous flow of cash as well as goods.Economic Environment:This is another important factor which affect the income of Marks and Spencer. Sudden change in interest rates will affect the environment and creates negative impact on the financial status of a business. Short term changes may affect the overall environment of a firm (Schnepp, Vidal and Hawley, 2017). Competitor:The company have many rivals because it provides the product in such a lower rate than other companies with good quality and that is why it is considered the best retailing store among all. Department fix the cost or price of product and then sell it to the market; proper operations are done when the product is manufactured till selling. 6. Critical evaluation of the factors of operational management After analysing all the external factors of business environment, it is critically evaluated that Marks and Spencer uses all the latest technologies in its production in order to run a business in successful manner and on the other side it has many rivals which make a tough competition.
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As per the rise in global economy it is also evaluated that Marks and Spencer wants to expand its business in all over the world and sudden change in government policies create a huge impact on business environment. Increases in interest rate will sometimes affect the financial position of a business. The company always complete the need of customers and supply them good quality of product while others do not. The power of customer is totally depending on having numerous competitors. To satisfy customer it is necessary to let them know about service and product available in the store and this can be done by using proper promotional activity and use of the latest technologies in daily routine. 7. Suggestion for future improvements Marks and Spencer have proper management as well as operational management system but, in some situations, it is proved that it has weak operational management to improve those, following suggestion should be consider: Keep in touch with customers and try to get feedback from them, it is the best way to enhance the performance level of a company. Always look for a way to run a business in right direction. Proper marketing and advertising will also help to keep the business successful for long time. Marks and Spencer should use all the latest technologies in order to enhance the level of performance and try to develop online business as per convenience of customers. Evaluate the price which are offered to the customers and make sure that prices of a product should not be too low and high, it should be affordable and should be lower from the competitors (Ways to improve business operation,2018). Note down all the weak point of every department and try to improve each department such take stock of every operations so that it will help to know the shortage of material. Also improve all the records which help to maintain the accounts. Try to introduce new product in market to attract more and more customer because it helps to increase the sale as well as profit and make good image in market as compared to competitor’s companies. CONCLUSION By summing up the above report it is concluded that management and operations plays a crucial role in every business. Marks and Spencer also have its different management system and operations department. The report defines and compare different roles and responsibilities of
managers and leaders. It also focusses different types of theories and models of approach such as situational, system and contingency leadership with examples. The report also demonstrates different roles and responsibilities of manager and leaders in operations function with its values and importance to achieve the target and objective of Marks and Spencer. It more focuses on how managers and leaders could be effective in improving operational efficiencies of a business. It assesses various types of factors that impact upon operational management and decision making by leaders and managers and also suggest recommendations for future improvement to be taken by a company.
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