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Management and Operations of ALDI Report

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Added on  2020-09-08

Management and Operations of ALDI Report

   Added on 2020-09-08

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Management and Operations
Management and Operations of ALDI Report_1
Table of ContentsINTRODUCTION ..........................................................................................................................3TASK 1............................................................................................................................................3P1 The roles and characteristics of a leader and a manager........................................................3TASK 2............................................................................................................................................6P2. Role of a leader and the function of a manager applying different situational contexts.......6P3 Several approaches of leadership...........................................................................................7TASK 3 ...........................................................................................................................................9P4 Key methods related to operations management and the role played by manager or leaders.....................................................................................................................................................9P5 Value and importance of operational management in achieving business objectives.........10TASK 4..........................................................................................................................................10P6 Different factors that impact on decision making and operational management ................10CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................12
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INTRODUCTION A firm is an amalgamation of various functions each of which are responsible formanaging some or the other aspects of a business . Operational management is one of the mostvital function that is responsible for managing most important process of converting rawmaterials into a products and creation of services so that a firm can cater the need of itscustomers by providing them with required quality and quantity of goods and services withhighest efficiency level possible (Business management and operations. 2018). Aldi is one the leading chain of discount supermarket established in 1913 with its base inGermany. It currently runs in operations in 18 countries with a team of more than 100,000employees at over 9,000 stores worldwide. The assignment undertaken will discuss and compare different characteristics and rolesthat are performed by both leader and mangers in different situational contexts. It will also give abrief about various theories and approaches that are applied by a manager for efficientlymanaging it business operations. TASK 1P1 The roles and characteristics of a leader and a managerManagement and leadership both are the backbone of core capabilities of a firm whosepartnership is what leads to success and failure of an enterprise. The scope, role andimportance of these distinctive and complementary managerial functional are equally critical fora high performance of a company in complex and volatile business environment. By contrasting and analysing their differences, a company can create better balance betweenroles and responsibilities of these two making it easy to mange things and lead people (Ashutoshand et. al., 2016) .Manager :- Manager is responsible for formulating, managing & execution of variousfunctions of management by making its people to work in one direction giving their best effortsfor achieving pre determined objectives of a firm efficiently within specific time period. The
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role of manger includes a variety of activities such as recruitment and selection ,evaluation ofemployees performance, terminating any employee and so on.Functions of ManagerPlanning: Planning been the first and core function of a business is given utmostimportance by the managers of Aldi. It involves a variety of activities to beundertaken by manger starting from preparing a plan, setting objectives, policies andprocedures of a firm and then selecting the most appropriate course of action thatwill lead to an increase in its sales and productions. All the strategies before beenimplemented are carefully analysed and evaluated on the basis of changes occurringin both external and internal environment for predicting and making organizationready to deal with future uncertainties (Chowdary and George, 2011).Organizing: Organizing is related with identifying job related goals, combining anddividing similar activities and then assigning those tasks to employees according totheir skills ,roles and responsibilities. The managers of Aldi, efficiently carries outthe task of organizing and allocating resources to its various departments in order toget best outcomes. Staffing:- This function of Manager involves appointing most proficient person,placing it at right job place at right point of time. Aldi mangers give specialemphasis on hiring its employees by carefully evaluating their skills and knowledgeto make sure they have the most suitable employee at each job profile, so that all thetasks are carried out effectively with minimum errors.Controlling:- This is most critical function to be carried out by mangers of Aldi. It isso because efficiency of this function directly impact the productivity andperformance of a firm (Ashby, Leat. and Hudson-Smith, 2012). It includedformulating standards, comparing actual performance with desired performancegiven by employees, finding out lacking and deviations and then taking correctiveactions to overcome those lacking so that it doest affects company's profitability(Cochran, Cox and Kharoufeh, 2011).
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