This document discusses the comparison between leaders and managers, their roles in the company, different theories of leadership, and how leaders and managers can improve management and its efficiencies. It also includes a Pestle Analysis of Marks & Spencer.
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MANAGEMENT OPERATIONS
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Contents INTRODUCTION...........................................................................................................................3 LO 1.................................................................................................................................................3 P 1 comparison between leaders and managers...........................................................................3 M 1 analyze and differentiate the role of leader and function of manager..................................3 LO 2.................................................................................................................................................3 P 2 roles of leader and functions of manager applied in situations that are different..................3 P 3 different theories of leadership..............................................................................................5 M 2 strength and weakness of different approaches to situations...............................................6 D 1 analyze and evaluate different theories of leadership...........................................................6 LO 3.................................................................................................................................................6 P 4 key approaches to operation management and role that is played by the leaders and managers of the company............................................................................................................6 P 5 Importance and value of management of operations.............................................................7 M 3 leaders and managers can improve management and its efficiencies..................................9 LO 4.................................................................................................................................................9 P 6 Pestle Analysis of Marks & Spencer.....................................................................................9 M 4 factors affecting the environment of business....................................................................10 D 2 factors of operations management and there impact on the environment of business.......11 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................11
INTRODUCTION Operations managementis chiefly concerned with planning, organizing and supervising in the contexts of production, manufacturing or the provision of services. As such, it is delivery- focused, ensuring that an organization successfully turns inputs to outputs in an efficient manner. Marks and Spencer is a major British multinational retailer with headquarters in London, England, that specializes in selling clothing, home products and food products. This report contains topics such as comparison of leaders and managers, their roles in the company. different theories, approaches and external analysis of the environment (Nair and Reed‐Tsochas, 2019). LO 1 P 1 comparison between leaders and managers BasisLeadersManagers DefinitionThey have the skill to motivate their employeesandinfluencethemby communication so that they can help the company to achieve their goals and objectives. Manager is set to keep a check on the duties and the roles of the staff so that they can assess the factors of risk and control the outcome of the situation. RiskLeaders of the company takes risk in order to try out new things in order to achieve success in different areas. Managers of the company assess the involvement of risk in the situation so that risk can be minimized (Majukwa and Haddud, 2016). M 1 analyze and differentiate the role of leader and function of manager. Leader sets the vision whereas manager of the company has to make sure that everyone follows the vision set by the leaders.
LO 2 P 2 roles of leader and functions of manager applied in situations that are different The role that both leaders and the managers of the company plays is essential their style of work is different from each other and they assess the situation according to its impact and intensity. Marks & Spencer is British originated company who offers varieties and different kinds of products to their consumers. It is the style of working of leaders and managers that help the company to take control over the impact of the situations (Chan and et.al., 2017). Turnover of labor- This aspect is concerned with the power of employee retention of the company. this factor can affect any nature of business which is why it is necessary to take extra care in order to prevent the company from these measures. If the company wants to gain the benefit of competitive advantage then they need to come up with a strategy which helps them against this measure. If by any chance company deals with this aspect more than usual then it will lead to more problems for the company such as affecting the image of the brand, quality of goods produced getting affected. For taking control over these measures and introducing measures to fight against this aspect leaders and managers of Marks & Spencer use their style of management through which they are able to resolve the issue and take control of the situation. Leaders of the company state that style of management is chosen on the basis of the condition of the situation so that it can be easily solved and they can improve the quality of products offered. They give support to their employees so that they feel motivated. This way errors are reduced in work and confidence is boosted. Strategies such as rewarding them on the basis of their performance is introduced. Conflict between employees- There are many reasons and sometimes many of them are unreasonable which gets the employees into a conflict. For instance miscommunication, confusion in work related aspects and issues regarding discrimination leads to this aspect. In order to reduce the level of conflicts the leaders of the company sets up a team so that they learn to work with each other. They believe that by interacting with each other this will be over between them. Level of productivity-
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This aspect is concerned with meeting the expected goals of the company. This aspect is necessary to resolve so that they can reach their expected goals. It is necessary that they introduce and make it mandatory for everyone to enroll a training program so that employees are able to enhance and work on improving the measures which helps them to take control over achieving the objectives. P 3 different theories of leadership Leadership theories helps the leaders of the company to work under a set of guidelines and follow the protocols which is beneficial for the company. Situational leadership- This aspects calls for the style of leadership and it varies according to what the situation expects and demands from the management of the company. There are many styles which they can follow such as transformational, autocratic or democratic whichever of them fits the best on the basis of situation assessed. It is necessary to have the trust of the employees of the company in order to make this form of leadership successful. The negative factor of this theory is that it is viable only for short term methods and accommodate only for the time being. System leadership- This theory works on the belief of interdisciplinary measures. It involves making the environment of work free and its culture friendly. This way it will allow employees working in different departments of the company to work together. The motive of this aspect is to work to enhance the level of coordination and cooperation of workers. It helps to work according to the changes of trends so that they can goals and objectives can be achieved. There are criteria and conditions which needs to be met in order to make this strategy effective. This is because it takes time to implement the system and for the companies such as Marks & Spencer this aspect is not suitable because they maintain their operations a large scale (Hudson, Dotson and Maier, 2018). Contingency leadership- This theory believes that in order to be work effectively the style of leadership must comply with the situation effectively. This theory also believes that changing the style of leadership according to the situation is best because they believe that no one situation can
accommodate in every situation. A leader of the company will be considered as contingently effective when they can accommodate their style on the basis of every situation. In order to be successful it is necessary that the leaders possess these qualities and abilities. This theory is beneficial because the outcome of it can be taken out easily. Also managers are able to take decisions easily. On the other hand it takes a lot of time and many of the companies are against this theory. In last leaders of Marks & Spencer has to assess the style of leadership against the situation they are in. M 2 strength and weakness of different approaches to situations Leaders and managers of the company have their own strengths and weaknesses but all on basically they have to allocate the strength in the right area and find a way to overcome their weakness which may mark the success of the company. D 1 analyze and evaluate different theories of leadership According to the evaluation and the detail analysis of contingent theory it has been proven that no one style of leadership is suitable for every situation which is the reason why leaders have to assess the situation and then implement the forces of theory. LO 3 P 4 key approaches to operation management and role that is played by the leaders and managers of the company Six Sigma- This aspect states that it is necessary to work with a set of tools that are fix as this will help Marks & Spencer to improve their structure. This has helped the company to improve the lot of their products. This also helps the company to assess the defects in the stage of manufacturing so that they can decrease the level of factors affects the variability of the product. The approach of this method is taken out on a statistical outcome and quality of the products are also managed through it. Planning is done to execute the steps and with patience the value is attained which helps them to achieve their target. For instance working on reducing carbon or pollution which will help them to save the cost on making the finished product. They can past
this cost to consumers and they may get the product at less price which will help to increase the level of satisfaction. Apart from it this model has another beneficial feature for the company and that is to extract the most return possible from the goods they have manufactured and delivered. It is necessary that the strategies are supported by the managers of the company. This way decisions can be easily taken as strategies are easily assessed ongoing basis after the evaluation which takes out the factor of assumptions. Lean Manufacturing- This aspect is concerned with reducing the level of wastage as least as possible by taking in all the factors in mind such as maintaining the productivity. There are many steps that are required in order to reduce the wastage. For instance work of labor needs to be managed and their timings needs to be more flexible so that work of load can be reduced. Marks & Spencer needs to keep in mind about the expectations of consumers and work according to that. The concept of this approach works only on the basis of adding value to things. This aspect was introduced by Toyota and because of its success many companies tries to implement this in their culture (Magon and et.al., 2018). Queuing theory- This theory works on a mathematical approach and collect the statistics on the basis of time spent of consumers for waiting in a line. This model will help companies such as Marks & Spencer to predict the approximate time that is going to be spent in the line. This way company will be able to make the network of distribution in a less complex manner so that they can meet the point of equilibrium. Most of the people don’t waste their time if they see a big line ahead of them. It is necessary that Marks & Spencer must analyze the behavior and consumption pattern of people. These issues needs to be resolved as many of the retail stores of the company has large no. of people waiting for them. If this is solved they will be able to serve more people. The model of Six Sigma will help Marks & Spencer to remove the measures that are faulty so that obstacles can be reduced and path to reach the goals and objectives is free and clear (Mišić and Perakis, 2020).
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P 5 Importance and value of management of operations This aspect helps the company to make sure that by improving and increasing the productivity of the company they can reach goals. If they are able to implement it successfully then the image of the brand will reflect more in the market in a positive manner. There are some methods which will help Marks & Spencer to do that (Gölzer and Fritzsche, 2017). Total quality management- This factor has a motive and that is to improve the quality of products in a timely manner so that in the changing times needs and wants of consumer can be met. This approach states that it is necessary that every employee helps to reach the goals irrespective of their position in the company. Just in time- With the help of this strategy Marks & Spencer will be able to minimize the waste all they need to do is use the raw materials in the right manner. The cost of the output produced can also be decreased which is incurred in the stages of keeping the inventory. It is necessary to maintain the stock. In order to maintain the right amount of stock it is necessary that they evaluate the demand of the products and maintain the stock on the basis of that. It will help the company when the demand increases or decreases. It is necessary to have efficient and effective suppliers so that company can rely their operations on them. It is necessary to have skilled labors so that company is able to maintain their productivity. The flow of operations is increased while it reduces the level of production. Apart from this the difference of cost in the stages of manufacturing is high as all of the elements which are not necessary is ruled out from the steps. Cost of maintaining the inventory is also reduced. Although there is one negative factor of this that if the suppliers does not have a powerful network then they won’t be able to provide materials in a short or urgent span of time. Kaizen- This aspect is concerned with making the improvement of factors on a continuous basis. This includes people irrespective of their position. For example they can be CEO or they can be a labor. There are different sectors where this method is preferred such as healthcare, banking,
government etc. where this method is used. The reason behind the implementation of this factor was Toyota introduced it and after their successful utilization of method it has become useful. It will be beneficial for Marks & Spencer (De Roover, 2017). M 3 leaders and managers can improve management and its efficiencies Many of the theories are available such as lean manufacturing, six sigma and queuing theory so that efficiencies of leaders and managers can be improved and they will be able to meet their standards. LO 4 P 6 Pestle Analysis of Marks & Spencer Political Factors- Marks & Spencer maintains the relation with the government and their organizations. They believe that it will help them to keep their interest safe. They respond to the queries of government and they get full support from them because of their brand image and their way of trading. The business of the company gets affected because of the instability of politics and the taxes. The reason behind this is that if they impose a high return on tax regulations then the price of the products will be more. This will leave a negative reflection on consumers which will affect the sales of the company (Littlefield and et.al., 2016). Economic Factors- These factors are concerned with the level of employment, rate of taxes, level of inflation and the standard of living of people.UK is considered as one of the largest economies and the rate of inflation in the country is low. These factors are creating difficulties for the company as the current condition of economy is not good which leaves less disposable income in the hands of consumers and being a high end brand it is affecting the sales of the company. This has led to firing of many employees as because of recession they are not able to clear the salaries of the company. Social Factors-
The purchases made by consumers are solely based on their culture, psychological behavior, social and personal issues. Due to immense competition that the company is facing and the changing trends is affecting the business of the company. In order to compete with small and local businesses they need to sell their products on the basis of demographics so that they can target the right type of audience suitable for the brand. In order to increase their sales company started accepting payments from credit cards. Technological Factors- In order to keep up with these factors they have announced that they will come up with a program that is technology transformation program which will help the company to digitally transform their business and they will be the first one to do that. This way they will be able to deliver a diversified level of customer experience. In order to adopt new methods they are working on a new operating model of technology. Marks & Spencer considers this aspect as a important and useful measure as it helps them to deliver more flexible products. Legal Factors- These factors are concerned with following the rules and regulations of the country in which the company is serving their base of operations. In order to serve under the protocols set by the government they conduct a training program so that every employee is aware of the protocols. The company grabbed the attention of media when it came to knowledge that they were not able to protect their own employees and labor from the risk of asbestos. There have been issues regarding this aspect for which company even had to fought cases in the court of law and pay the fine to settle the offence. This affected the image of brand adversely in the market. Environmental Factors- This aspect is concerned with working in the compliance of the environment and to use more of energy efficient sources in order to improve the sustainability. Marks & Spencer has come up with a green policy so that they can work for the betterment of the environment. The company is focusing on reducing the level of trans fat in food this will reduce the level of energy used and add more value to the product. They are also working on the use of sustainable practices (Machado and et.al., 2017).
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M 4 factors affecting the environment of business These factors helps the company to predict the upcoming situation and make their plans and strategies ready so that no opportunity is missed by them which can lead them to achieve growth in the market. D 2 factors of operations management and there impact on the environment of business The factors which works under the management of operations states that they need to keep improving on continuous basis as this way they will be able to meet with the demand of the market and needs and wants of consumers. CONCLUSION From the above studies it has been concluded that leaders and managers of Marks & Spencer need to coordinate with each other so that they can make strategies that are effective and take the full use of theories such as six sigma and total quality management through which they can reach the objectives of the company.
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