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Principles of Leadership and Management Assignment

Added on - 08 Dec 2020

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Principles ofLeadership andManagement
Table of ContentsINTRODUCTION...........................................................................................................................4TASK 1............................................................................................................................................41.1 Importance of defining objectives, scope and success criteria of decision taken............41.2 Importance of analysing potential impact of decision making.......................................41.3 Importance of obtaining sufficient information in effective decision making.................51.4 Importance of aligning decision with business objectives, values and polices................51.5 Validate information used in decision making process....................................................61.6 Hamper of achievement of targets and quality standards.................................................6TASK 2............................................................................................................................................72.1 Difference of mangers and leaders in their teams............................................................72.2 Impact of different leadership styles in different context.................................................72.3 Analysing theories and models for motivation in workplace...........................................7TASK 3............................................................................................................................................83.1 Analysing a mangers responsibilities within organisation...............................................83.2 Mangers ensuring team objectives...................................................................................93.3 Role of managers towards contribution in achievement of organisation vision, mission andobjectives................................................................................................................................93.4 Analysing theories and models of management.............................................................103.5 Application of management theories..............................................................................103.6 Operational constraints imposed by budget..................................................................10TASK 4..........................................................................................................................................114.1 Relationship between business objectives and performance measure...........................114.2 Features of performance management system...............................................................114.3 Set key performance indicators......................................................................................12
4.4Identification of tools process and timetable for monitoring and repoting on businessperformance..........................................................................................................................124.5 Management accounts and management information system in performance management..............................................................................................................................................134.6 Distinction between outcome and outputs.....................................................................13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONIn today's era effective leadership and management are quintessential aspect in terms ofsuccess of an organisation. A leader can discover what is universal and capitalize by motivatingemployees towards a better future. Where as managers knows unique ability and eccentricity ofhis employees and integrated them in a coordination action towards achieving goals andobjectives. In this report organisation chosen is Waitrose, a chain of British supermarkets whichformsfood retail division of Britain's largest employee-owned retailer located in Bracknell,England. This report is going to analyse importance of defining objectives, scope and successcriteria of decision taken for an organisation and its potential impact of decision making process.Analysing difference of influencing mangers and leader in their teams and evaluating suitabilityand impact of different leadership styles in different context. Moreover, identifying theories andmodel of motivation its application in workplace and role of manager towards achievement oforganisation's vision, mission and objectives. Furthermore, defining features of performancemeasurement system with application of tools and process for monitoring and reporting businessperformance as well as distinction between outcome and outputs.TASK 11.1 Importance of defining objectives, scope and success criteria of decision takenIn an organisation, decision making process is one of the important aspect in order toachieve goals and objectives in an effective manner. Scope basically refers to set of process thatensure each and every thing is defined accurately and mapped in a systematic manner. With theimplementation of effective tools and techniques that help an organisation to achieve a success ina competitive edge. Additionally, it is very much essential for an organisation to have a clearmotive of their business operation and accordingly plans and polices should be made so that highsuccess can be attain in an effective manner. Thus, a good decision must be taken in such amanner that is beneficial in nature as well as help an organisation to attain success andsustainability in competitive marketplace.1.2 Importance of analysing potential impact of decision makingDecision making is one of the important aspect of business, but the process of arriving adecision must be precise so that it yield best result. A decision taken by mangers can have both
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