Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1...........................................................................................................................................1 P1 Different roles and characteristics of manager and leader.....................................................1 TASK 2............................................................................................................................................3 P2 Application of function of manager and role of leader in different situational context.........3 P3 Application of different theories and approaches of leadership............................................4 TASK 3............................................................................................................................................6 P4 Key approaches to operations management and role that managers and leaders play.........6 P5 Significance and value of operations management in attaining business objectives.............7 TASK 4............................................................................................................................................8 P6 Assessment of business environment factors and their impact on operations management and decision making....................................................................................................................8 CONCLUSION................................................................................................................................8
INTRODUCTION Management is the term that is related with managing all functions and activities of firm in systematic and structured way. Operations include all those activities by which inputs are transformed into final goods. Operations Management is identified as an area that is concerned with developing & controlling production process and redesigning operations for producing goods and services (AbouRizk, 2010). A crucial role is played by this function in successful attainment of goals and objectives on specific time. It is the responsibility of operations manager to ensure that resources are optimally utilized so that cost can be controlled. The present assignment is based on Marks & Spencer which is British multinational retailer of UK. This report includes differentiation between functions of manager and role of leaders as well as its application in different situations. Various approaches of operations management andits significance & value in attaining business objectives is also defined. Apart from this, relationship between management and leadership in contemporary business environment is included in this project. TASK 1 P1 Different roles and characteristics of manager and leader Leadershipreferstoanartofinfluencingandmotivatingotherstoacttowards attainment of common goals (Ageron, Gunasekaran and Spalanzani, 2012). Combination of personality and leadership skills are possessed by leaders by which they influence others to follow the guidance and direction provided by them. Managementis defined as the process of managing functions & activities of firm in planned and structured manner. It is an art of getting things done by others. Planning, organising, directing, coordinating as well as controlling are the functions that includes in management. Managers and leaders plays various roles and responsibilities within firm that assists in successful accomplishment of goals and objectives. Managers manage all the activities & task and leaders coordinate resources to ensure their successful completion on time. In Marks & Spencer, manager is responsible to examine, monitor and control firm's activities and leaders administer direction to their team members so that they get motivate and enable to attain objectives and goals of company in an effective & efficient way. They both play significant part in high growth and long term success of organisation (Alderton and Saieva, 2013). Some roles of manager and leader are defined below: 1
Roles of leader: Motivator:Leaders are good motivators and motivate their team members for attaining organisational goals. They understand and determine needs of manpower & fulfil those in order to satisfy them. It helps in increasing motivation of employees and encouraging them to work in morebettermanner(Ashby,LeatandHudson-Smith,2012).Allthisresultsinhigher productivity and performance of individuals as well as firm. Team building:As influence power of leaders is good, they easily influence people by their thoughts and actions. They believe in team workand put their whole efforts in creating effective teams. Leader of Marks & Spencer motivate their staff membersand encourage them to work in team so that, goals can be attained appropriately. Supportive:It is one of the important role that leaders play. They listen all the problems or issues of their staff members carefully and provide them appropriate solutions for that. It assists in boosting up morale of workers and they feels a sense of satisfaction while working within firm. Whenever supportis needed by team, they solicits it to them (Bozarth and Handfield, 2016). Roles of manager: Formulation of plans and policies:Managers play essential role in developing plans and policies for firm which administer direction to their employees for future course of action. They also frame appropriate strategies so that predetermined goals and objectives of organisation can be attained on specific period of time. Managing activities:The main responsibility of manager is to manage all the activities of firm in structured and systematic way. They coordinate with all the functioning departments of company and monitor their activities in order to ensure its completion on time. Motivate staff:By conducting various activities and programmes, managers motivate their staff members effectively. They analyse performance of employees and administer them proper training so that their skills can be enhanced and confidence level can increase which results in their improved motivation level (Brandenburg and et.al., 2014). Characteristics of manager and leader: Positive attitude:Leader and manager carry positive attitude which helps them in performing their responsibilities in well manner. Their positivity supports them in handling challenges effectively and in attaining personal as well as professional goals. 2
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Decision makers:They both have ability to make effective decisions by their excellent knowledge and experience. They take various decisions regarding attainment of objectives of firm. Contribution of manager and leader in success of an organisation is very high (Carter and Liane Easton, 2011). Good communicator:Both, manager as well as leader are good communicators and by their effective communication skills, they motivatetheir staff members. They effectively communicate all the necessary informations to their employees by this. Differences between manager & leader: ManagerLeader ď‚·Manager of Marks & Spencer have the responsibility to manage all activities and functions of firm in proper and structured way. ď‚·They formulate plans and policies to attain business objectives of company. ď‚·In Marks & Spencer, leader influence their team members by their thoughts & actionsandprovidethemproper guidance. ď‚·Leader ensures proper implementation of plans and strategies to attain goals. TASK 2 P2 Application of function of manager and role of leader in different situational context There are various situations that takes place within firm on continuous basis (Chowdary and George, 2011). In this, managers and leaders play crucial role in handling such situations in an effective manner. They take various decisions regarding high growth and sustainability of firm for long term. They apply their competencies and skills so as to attain set objectives and targets of company. Some situations in which role of leader and function of manager is applied in Marks & Spencer are defined below: Decision making process: In the process of decision making, managers and leaders play vital role. There are various situations takes place within firm in which it becomes highly essential to take decision. Mangers play crucial role in taking decisions related to development of appropriate plans and policies. Top management is responsible for deciding upon activities and programmesthatarebeingconductedwithinfirm.Leadersareresponsibleforproper implementation of plans. They design strategies and ensure their proper execution so that all the 3
activities are completed on time (Clausen and et. al., 2010). They take decisions regarding particular task or activity and ensure its timely attainment. Both, manager and leader evaluate performance of company & measure it with standard so that targets and objectives of Marks and Spencer can be effectively accomplished (Closs, Speier and Meacham, 2011). Training and development: There are various situations arise in firm when existing skills and competencies are not enough to handling these. In many tasks, more skills are required for their successful completion. In such situations, managers and leaders perform their roles effectively.Theyprovidesuitabletrainingprogrammetotheirworkforcesothattheir competencies can be increased. Leader determine needs of workforce regarding training and communicate it with manager. As per their skill requirements, manager design suitable training programme and provide it to manpower. This will facilitate employees in gaining new skills and knowledge that helps them in performing their duties in more better and effective manner. It in turn, leads the firm towards attainment of goals and objectives (Fitzsimmons and Fitzsimmons, 2013). Employee engagement: Participation of workforce in activities of firm is very essential for effective working. There are many situations where it is required by employees to work collectively and take participation in activities of company actively. They are the important resource of an organisation that highly contributes ingrowth of business. So, their engagement in working of company is necessary. Managers and leaders put their efforts in increasing employee participation. They conduct various activities and try to maintain healthy work environment so that workers feel happy and satisfied with their workplace. This will assist in increasing productivity of both, employees as well as organisation. Delegation of authority: It is very difficult to do all the work alone. So, it is required by manager and leader to delegate their authority among all the members of team so that work can be done in proper manner and completed on time. They assign work to employees as pertheir abilities and skills so that tasks can be performed in an effective and efficient manner. In Marks and Spencer, proper delegation of work by manager and leader helps in completing tasks on specified time (Galindo and Batta, 2013). Above mentioned are the situations in which manager and leader of Marks and Spencer apply their roles and functions. It assists them in accomplishing their objectives on time and attaining growth and success in market. 4
P3 Application of different theories and approaches of leadership Several approaches and theories are adopted by company in order to increase its performance and growth. Implementation of appropriate theory assists in shaping functions of company. Various leadership approaches applied by manager and leader of Marks & Spencer are defined below: Situational leadership approach: Leadership is defined as the quality of influencing behaviour of others. One of the well known model is situational theory (Hamilton and et. al., 2011, January). Hersey and Blanchard develop this model and it is based on theory of life cycle. This theory can be applied by manager and leader in every situation. 4 basis are given in this theory. These are job nature, personal characteristic of leader, control the followers and nature of firm. In first dimension, firm administer job to individual as per their speciality in respective are. Second one is related with skills, abilities, knowledge and trait of leader that assist their follower in respect to decision making of firm. Third one is an important dimension under which team members are influenced by leader to become flexible that means they adapt themselves as per the external environment. They ensure complete control over their followers. The last dimension is concerned with work culture of an organisation. The firm, Marks & Spencer is known for work culture and team working which assist them in timely attainment of goals and objectives. Contingency theory of leadership: This approach states that no single psychological personality trait set leads towards effective leadership. In addition to that, there is an interaction among psychological profile of individual, external conditions and traits of an individual which leads a leader towards an effective leadership. The firm,Marks & Spencer emphasize on all the above mentioned conditions so that competitive advantage can be gained in market and productivity of company can be improved (Matta and et. al., 2014). System leadership theory: It is considered as collaborative leadership ofvarious departments networks in such manner that cooperative environment is ensured for significant change. It is often difficult for leaders to fit in such surrounding where political and legal changes are frequently done. This theory can be applied by manager and leader in particular situations only. The business of Marks & Spencer is diversified at various places where leaders guides their team members so that they 5
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canperform their duties well and maintain their position in market in an effective and efficient way. All the above defined approaches are applied by leader and manager ofMarks & Spencer as per the situation so as to deal with them effectively and ensure successful attainment of goals and targets of firm (Ronen, Pliskin and Pass, 2012). TASK 3 P4 Key approaches to operations management and role that managers and leaders play The concept of operations management facilitates manager and leader of Marks & Spencer in managing their business operations effectively. Various approaches are applied by them in order enhance process of production and ensure manufacturing of high quality goods. Application of these approaches by manager and leader within firm also assists in controlling unnecessary costs that occurs in production process. Some key approaches to operations management are defined below: Total quality management: Application of this approach helps firm in attaining long term success. TQM is emphasize on improving performance and quality of goods and services which assists in meeting needs and requirements of clients in an effective and efficient manner. The firm, Marks & Spencer deals in clothing,foodproductsandluxurygoodsandoffersvariousproductstocustomers. Implementation of this technique assist manager and leader of firm to offer goods of high quality to customers. People generally prefers to buy such products that is different from others and have some new feature in it. So, manager and leader are required to motivate and encourage their employees which enables them to perform their duties well. It ensures production of high quality goods. They need to determine potential needs of customers so that clothes can be manufactured accordingly (Schroeder, Goldstein and Rungtusanatham, 2011). Continuous improvement: Another name of this approach is Kaizen which focuses on continuous efforts that are made by firmimprove their productivity, services & processes. This approach helps in increasing consumer's interest towards products of firm which in turn contributes in improving profitability of company. Application of this approach in process of production helps manager and leader of Marks & Spencer to make constant improvements in goods. Firm manufacture their products as per the changing needs ofcustomers. Now a days, people are more choosy and 6
specific in nature. Therefore, managers and leaders are require understand choices of customers and develop their goods accordingly. It administer competitive edge to Marks & Spencer in marketandleadsthefirmtowardsincreasingprofitability(Schroeder,Goldsteinand Rungtusanatham, 2011). Just in Time: It is an inventory strategy that assists in improving efficiency anddeclining waste by obtaining goods at the time they required. This technique is applied by manager and leader of Marks & Spencer for reducing unnecessary stocks. Bulk quantity of goods are manufactured only when demand comes. By application of this approach, enterprise maintain minimum stock. It also help in reducing unnecessary inventory carrying cost of company. Six sigma: Effectiveness of business processes can be maximize by applyingthis approach in production process of firm. Any change made in process directly influence the quality of product, morals of manpower and profitability of organisation.Marks & Spencer utilize this approach in order to eliminate chances of defects and reduce manufacturing waste. Manager and leader of firm enhance quality of product by application of this approach which assist in satisfying customers in more better manner. Lean production: This approach is applied by firms to reduce production waste without made any compromise in quality. Main reason of generating waste is overburden & uneven workload. Thus, manager and leader of Marks & Spencer is required to assign work to staff member as per their abilities and expertise. It will assist in performing tasks in more effective and cost efficient manner. This will in turn leads the company towards high productivity and performance. All the above mentioned approaches to operations management helps in increasing efficiency of production process. This will assist in producing high quality goods and offering them to customers. Application of all such approaches supportsMarks and Spencer in satisfying consumers in more better manner. It helps in attaining goals and objectives effectively and efficiently. P5 Significance and value of operations management in attaining business objectives Operation management is an essential concept that helps in growth and success of company. It assists in reducing production cost by ensuring optimum utilization resources. It 7
helps manager and leaderofMarks and Spencer to improve quality of their goods (AbouRizk, 2010). Significance and valueof operations management are understand by below mentioned points: Customer satisfaction: The concept of operations management ensures manufacturing of quality products and services. This helps the firm in satisfying their customers in more better manner by offering them high quality goods. In Marks and Spencer, this also helps manager and leader in attaining high efficiency in process of production. Profit maximisation: Main aim of every business firm is to yield high profits and sales. Manager and leader ofMarks and Spencer ensure to offer high quality product to clients. Effective execution of business activities assists in making optimum utilization of materials and resources as wellas improving performance of company. This will leads the company towards high productivity and profits. Administerlongtermadvantages:Asoperationmanagementisconcernedwith production process, it will assist in improving quality of goods. This helps in attracting large group of consumers and render them benefits for long term. Value and significance of operations management can be understand by the above mentioned points. This helps manager and leader of Marks and Spencer in effectively attaining goals and targets of company. TASK 4 P6 Assessment of business environment factors and their impact on operations management and decision making There are different factors that exist in the environment that possess either direct or indirect impact on overall operation and performance of the company. These factors can be classified as internal and external factors. Internal factors are exist in within the work environment only such as customers, employees etc. On the other hand external factors are available outside the company that also impact functioning of the company such as political, technological, social, economical etc. Internal Factor: These are present within the company only and direct affect the business operation. It further classified as: Employees: They are the main asset of the company on which entire profitability of the firm depends. Organisational success and growth depend upon how effectively and efficiently their 8
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workers work or contribute towards attaining business objectives. Therefore, it is primarily important for any company to satisfy the needs of employees as well in terms of providing them training and development, performance appraisal etc. Customers: Customers are the king of market and entire profitability of the company depend upon how effectively they satisfy their customers. The company needs to produce such goods and services that fulfil customer need and want in an effective manner CONCLUSION As per the above mentioned report, it has been concluded that operations management plays significantrole in improving productivity and profits of company. It is an essential concept that assists in improving efficiency of productionprocess. This will help in offering better and high quality goods to customers. Managers and leaders play crucial role in various activities and operations of company. There are various situations takes place within firm in which manager and leader apply their knowledge and skills andhandle those situations easily. Various leadership styles are adopted and applied by leadersthat helps in motivating staff members and encouraging them to work in more better manner. Factors of business environment needs to be considered by manager and leader which helps in formulating effective policies and strategies. 9
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