This document discusses the management and operations strategies of Marks and Spencer Ltd., a global trade business. It explores various models and philosophies of management and leadership, such as behavioural leadership theory, classical theory of management, contingency theory of management, situational leadership, systems leadership, and more. The strengths and weaknesses of different approaches in the work environment are assessed, along with the importance of production efficiency, profit maximization, and customer satisfaction in the company. Study material and solved assignments related to this topic can be found at Desklib.