Management Development - Assignment

Business

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Overview of the chosen industry and organization.....................................................................1
1. Define and discuss the difference between the concepts of leadership and management......1
2. Analyse one leadership theory................................................................................................4
3. Analyse a management development program from a chosen organization in UK retail
sector...........................................................................................................................................3
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
.........................................................................................................................................................9

INTRODUCTION
Management development is a structured concept which gives directions to enable
employees to grow personally and professionally. The HR managers of an organization may
have programs to help personnel develop their skills at the workplace. The programs are known
as Management Development Program (MDP). There is a specific process dedicated for the
growth of skills by giving unlocking opportunities (Amanchukwu, Stanley and Ololube, 2015).
The organization chosen for this report is ZARA which has its headquarters at Arteixo, Spain.
Further, this report covers definition of different concepts of leadership and management,
analysis of one leadership theory and evaluation of management development program.
MAIN BODY
Overview of the chosen industry and organization
Retail industry in UK is one of the prime contributor to GDP. The statistics provided by
Office for National Statistics shows the total number of business that exist is 319,000 (2018)
which amounted to a sales of £395 billion. Further, it includes sales by stores, departmental
stores, supermarkets, market stalls, online retailers, etc. This sector offers huge opportunities for
existing and new business (Antonakis, J. and Day, D.V. eds., 2017).
ZARA is one of the leading company engaged in fast fashion retailer situated in Artexio
in Galicia, Spain. It was founded in 1975 by Amancio Ortega and Rosalia Mera. Further, it is a
prime brand of Inditex group, which is world's largest clothing retailer. Zara is globalised entity
operating in international markets above 100 countries. It has physical outlets as well as online.
The decision to launch a digital platform which can be accessed by huge number of customers
has increased its sales and customer base. It is a developed company which is widely recognised
across the globe. It has its business in UK where it faces a huge competition from other high
street retailers such as John Lewis, M&S etc. It formulates and make modifications in strategies
to survive in cut throat competition. In order to sustain for a long term, it needs to establish
programs and make big investments in leadership which will give fruitful results and take the
company to a new heights.
1. Define and discuss the difference between the concepts of leadership and management
Leadership can be defined as continuous process in which the leader influences his team
members to achieve individual and organizational goals. A leader provides directions and

guidance to accomplish set objectives within the time so prescribed by the company. Skills and
knowledge are applied as traits to have impact on beliefs, values, behaviour, character and ethics
of an employee (Benoliel and Somech, 2015). On the contrary, management refers to various
activities of planning, organizing, staffing, directing, co-ordinating and controlling others. In
other words, it is an art of getting things done through others. Harold Koontz define
“management is the art of getting things done through and with people in formally organized
groups.” According to the author, there should be co-operation between people working in the
organization.
There is a huge difference between leadership and management which have been
described below:
Basis Leadership Management
Meaning Under leadership, the leader guide
and inspire others. It is an
interpersonal process which involves
influencing a group or person to make
them achieve their individual goals
together with organizational
objectives.
It is often referred to as technique
or activities to be used in a
continuous manner by a person
called as manager. The ultimate
goal of management is to achieve
common goals.
Activities It encourages team members to
perform in a hard working way.
It is about managing the people
working in the organization.
Trust/control The team members have trust on their
leader who guide them in order to
achieve goals.
Manager exercise control over
personnels and give instructions
which have to be followed by them.
Skill It is considered as skill which is
incorporated by leaders (Bird, A. and
Mendenhall, 2016).
It is a quality under which policies
and procedures implemented.