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Organizational Structure of Marks and Spencer Assignemnt

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Added on  2021-02-19

Organizational Structure of Marks and Spencer Assignemnt

   Added on 2021-02-19

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Organizational Structure of Marks and Spencer Assignemnt_1
Table of ContentsINTRODUCTION...........................................................................................................................21. Summary of the organization...................................................................................................32. Organizational Structure of the company................................................................................33. Impact of Organizational culture on its business functions.....................................................54. Recommendations for improvements in leadership styles and management practices of theorganization..................................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
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INTRODUCTIONLeadership is an important element of management that involves organizing the group- ofpeople working towards a common goal and lead them by initiating different activities that helpsthem to accomplish that goal. Management refers to organizing activities and people in anorganization to lead the towards specific objectives of the company. This report is based on thestudy of Marks & Spencer company and will highlight the leadership style, management practiceand organizational culture of then company. The report will also represent the impact oforganizational culture and management practice on the business functions and strategies of thecompany. The report will also include certain recommendations in improvement of theleadership style, management practice and strategies for the growth of the business organization.1. Summary of the organization.Marks & Spencer Plc is a British Multinational retailer company in London, England.The company serves at 1463 locations all over the world and has the overall revenue of £10,377million. The company has net income of £37.3 million and consists of 80,787 employeesworking under it. Marks & Spencer was founded in 1884 by Michael marks and Thomas Spencerand currently the company is listed in London stock exchange and deals in selling high qualityclothing, home products and food products across the world. The company has 959 stores in UKthat includes 615 stores selling food products.2. Organizational Structure of the companyVision- Marks & Spencer aims to provide the business with cost effective, innovative solutionsand implement the best quality services to the customers. Leadership Style- Marks & Spencer follows flat leadership style in their organization toaccomplish their goals and objectives. Flat leadership refers to a leadership style that has nohierarchies or management in the organization. In simple words it can be described as the leastlevel of management between the managers and the employees(Arnold and et.al., 2015). Theemployees of Marks & Spencer are given the authority to make decisions as well as perform theactivities as per their means. The employees are given more opportunity and responsibilities toperform their work which enables them to make quick decisions in different situations for thecompany. The employees have to justify their every decision to the manager later(Pardey, 2016).Marks & Spencer head office in London includes 3000 employees that perform specialist roles
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