This presentation explores the role of manager and leader, leadership theories, functions of management, and the difference between leadership and management in the context of H&M. It also provides references for further reading.
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MANAGEMENT AND OPERATIONS
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ï‚¡Introduction ï‚¡Role of manager and leader ï‚¡Conclusion ï‚¡References Table of content
Growing consciousness about quality among customers has driven the producers to adopt effective quality control techniques and, thus management and operation plays a vital role in an enhancement of an organisation.This report is based on H&M which is a fashion clothing store for men, women and children. In this study it covers different roles of manager and leader, application of leadership and management theories and difference between management and leadership. Introduction
Every organisation is established with certain goal or objective, for which they require an impressive and productive leader or manager who provide proper guidance to manpower and govern each and every business operation and function. By which, they are able to accomplish their pre determined vision in an innovative manner within prescribed time period. Role of manager and leader
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Definition of Leadership and management: It is a process in which an individual contains the ability to inspire, influence or guide followers to put their full effort for an accomplishment of business vision or objective in an innovative and creative style. On the other hand, management isamulti-purposeelementwhichisconcernedwith managing, organising, control entire activities of business functionandmotivateemployeestogaincompetitive advantage in an better manner. CONTINUE….
Leadership theories Some of the models or approaches which H&M applies into their company function that is mentioned below: Trait theory:It assumes that leader's personal traits are the key to leadership success as it sought personality, social, physical or intellectual traits that differentiate leader from non leaders. Contingencytheory:Itsignifiesthattherearespecificsituationalfactorswhicheffectdirect relationship between independent and dependent variables. CONTINUE….
Management theory Management by Objective: It is a comprehensive detailed guide for an administrators and managers at any level withinbusinesspremisesandprovideasenseof direction or advise to personnel for an attainment of increased level of proficiency and productivity. CONTINUE….
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Functions of Management TherearevariousfunctionwhichH&Mimplyinto company's operation are given below: Planning:It is the first and foremost element as it concernwiththedeterminationofobjectivesand formulation of plans, strategies, programmed, policies and standards needed to achieve desired H&M goals. CONTINUE….
Difference between leadership and management Although both of these elements are different from each other yet it is inseparable in nature as they put theirfullcontributiontowardsanattainmentof common goal in an effectual and prompt manner. CONTINUE….
Thus some of the difference between leadership and management are as follows: CONTINUE…. ParticularsLeadershipManagement MeaningIt is a skill or ability of an individual to encourage or inspirefollowerstoachievecompany'sgoaland objective. It is a process of managing, directing, governing, controlling manpower and motivate them to put their full effort for an accomplishmentof business vision within prescribed time frame. PerspectiveTheycreatenewvisionandaimsandseeksfor foresightedness. Management implement tactical actions and thus it has short range of perspective. SubordinatesIt has followers to follow.Itinvolveemployeeswhoprecedetheirinstructionsand contribute towards attainment of high level of proficiency.
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Role of leader and manager: Some of the responsibilities and roles of H&M leader and manager are as follows: Leader :Strategist:Under this, leader takes an initiative to identify or determine current and emerging trend of marketplace and according to that they implement corrective course of action and motivate them to acquire novel ideas for the betterment of H&M proficiency. Manager:Monitor:This role is concerned with governing and supervising each and every function of company which lead H&M to bring flexibility and novel ideas into business operation in order to gain competitive edge in a productive manner. CONTINUE….
Leadership of H&M Effective leadership is one of the most essential part of overall method of an organisation to sustain their business in the face of problems caused by rapid growth of economic environment. Management of H&M It is an art of getting things done with the help of skilled workforce in formally organized group as well as they consist a potentiality to forecast, plan, organise command co-ordinate and control CONTINUE….
However, manager are important for H&M success as they represent group interest and efforts from organisation and self development.there are certain function which line manager perform in their organisation function are as follows: Do Organizing Planning CONTINUE….
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From the above explained report, it has been summarised that management and operation has an integral role in providing high level of customer satisfaction and also in acquiring sustainable profitability. Along with this, an effective leader or manager of a team has a variety of traits and characteristics that encourage team members to follow them. Conclusion
ï‚¡Beske, P. and Seuring, S., 2019. Putting sustainability into supply chain management.Supply Chain Management: an international journal.19(3). pp.322-331. ï‚¡Chung,H.,Park,J.andLee,S.,2018.DigitalforensicapproachesforAmazonAlexa ecosystem.Digital Investigation,.22. pp.S15-S25. ï‚¡Ellitan, L., 2017. The role of environmental uncertainty, competitive strategy, and operation strategy to achieve competitive advantage: the case of east java manufacturing SMEs.EPRA International Journal of Multidisciplinary Research (IJMR).3(11). pp.8-23. References