Management Thought And Practice

Management Thought And
Practice

Table of Contents
INTRODUCTION...........................................................................................................................3
OPERATIONS MANAGEMENT SUPPORTING THE BUSINESS AIMS AND OBJECTIVE
OF ORGANISATION.....................................................................................................................3
MANAGEMENT APPROACHES.................................................................................................4
IMPORTANCE OF MOTIVATION IN THE WORKPLACE BUSINESS...................................6
EFFECTIVE COMMUNICATION AND TEAM WORK SUPPORT IN THE BUSINESS
PERFORMANCE............................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES................................................................................................................................1

INTRODUCTION
Management in every organisation is said to be a set of practices that are to be ensured in the
organisational policies and will have to look after the employment as well as the operational
performance of the organisation. Every organisation is bound to be confined to one or more
policies that will enhance the growth prospects and to the field in which the company is
operating will therefore be a boon to conquer (Choi and et.al, 2018). Management will work
towards inculcating their practices that are necessary for the entire workforce facility practices
that are to be adopted in the organisation to move ahead with the circumstances that a prevailing
in the field that the company is operating. The entire report deals with the management thoughts
and practice that are applicable to every organisation and which are to be enhanced such that the
organisation will work for the better cause. The organisation that is chosen in this regard is
Marks and Spencer. The company Marks and Spencer is known to be one of the best
multinational British retailers which is operating and United Kingdom. It is known for its
products mostly the clothing that is specialised and making the best out of the lot. The company
has been regarded as one of the most authenticated one in terms of Management and practices
that are adopted by it are said to be those that stand unique. The entire report deals with the
management practices of the company Marks and Spencer.
OPERATIONS MANAGEMENT SUPPORTING THE BUSINESS AIMS
AND OBJECTIVE OF ORGANISATION
Operations management will be dealing with the administration and policies of the organisation
such that every activity that is being tackled in the business as attaining of greater efficiency for
the company. There is a set of processes and planning that are to be dealt in an organisation and
everything lies in how far the management is being able to supervise the operations of business.
Marks and Spencer follows the same operational management where it ends for productivity and
the stream that it is operating. Through operations management there can be different cost-
effective measures that are adhered by the organisation which will reduce the wastage of
resources. The different functions that are dealt by operations management in any organisation
that will formulate growth prospect of the organisation are as follows:
Finance: finance operations are said to be playing one of the crucial role in the organisation and
the company Marks and Spencer being one of the multinational company is said to be involved

in different financial productivity task. Therefore, it is to be ensured that the organisation will
have to utilise the policies that will contribute for a better cause (Glock and et.al, 2019).
Operations: being one of the greatest retailers and operating in the field where it is being a
challenging as well as a considerable prospect for the organisation Marks and Spencer the
company always formulates is its basic plan as well as the directions that are controlled by the
management such that its efficiency can be effectively approached.
Strategies: the operational management of every organisation focus upon the strategies that are
to be followed in every organisation such that its growth can be mandatory as well as can be
enjoyed at regular intervals of time. Therefore, the company Marks and Spencer also follow the
same prospect where the company focuses upon the other retailers that are prevailing in the
industries and therefore with regards to this comparison the company will also come up with
strategies that are essential for it to develop in all times.
Product design: every organisation’s major consideration is to provide the better products with
good quality such that there will be an increase in the customer base. The operational
management will deal with the product statistics as well as the quality that is being dealt by the
organisation with regards to the product. Marks and Spencer being one of the retailers and is also
known for its better clothing prospects therefore it will focus upon the product value as well as
the different designs that are to be involved in the present scenario such that it can attain a good
reputation through it. The operations management in this regard will only focus on how far the
designs are being implemented as well as being adopted.
MANAGEMENT APPROACHES
Management approaches are said to be those that are followed by the organisation in order to
move ahead with the formulations that are to be inculcated in the organisation. There are a set of
activities that are to be performed by the management as well as the workforce in which the
entire criteria of business operations will lie. The operations management is said to be dealing
with the certainty that are prevailing in the retailing sector. Marks and Spencer being one of the
best retailer and a multinational retailer is set to be dealing with things that are incorporated in
the organisation as well as in the field that in which the company is operating (Mišić and Perakis,
2020). There are different approaches towards management and they can be explained in the
better possible way in order to bring out the essence of retailing. The different management