INTRODUCTION...........................................................................................................................................3 TASK A.........................................................................................................................................................3 1 Importance of good ethics and its impact over business growth.........................................................3 2 Leadership styles..................................................................................................................................5 3 Impact of legislation on leadership of an organization........................................................................6 4 Woolworth Group Ltd. Mission, purpose and values............................................................................7 5 Elaboration of Woolworth Group Ltd objectives..................................................................................8 TASK B........................................................................................................................................................10 Overview of Toyota mission and its aim................................................................................................10 TASK C........................................................................................................................................................11 Problem Solving – 1..............................................................................................................................11 Problem Solving- 2.................................................................................................................................12 3 Report Writing...................................................................................................................................12 CONCLUSION............................................................................................................................................14 REFERNCES................................................................................................................................................16
INTRODUCTION Every organization success is wholly based upon an effective and impressive leadership who encourages company to adapt all opportunities so that they can achieve their goal effectively without any hindrances. However, leadersdefines an important rolewithin an enterprise as it helps them to acquire best positioning among competitive industry in a productive way. In simple terms, leadership is an ability or capability of an individuals who takes an initiative to inspire, influence, encourage their followersin order to make an increment in the productivity and profitability of the organizationwithin a prescribes time limit (Ingebrigtsen and et.al 2014). On the other hand, a good ethics also go hand in hand with fair leadership skill which enable management to provide better working condition and also high level of employee satisfaction which improves the overall performance of company in a good way. This report is classified into three division in which first task is based on Woolworth Group Ltd, it is one of the leading supermarket in Australia and it is established in the year of 1924. Under this, it covers influence of ethics, legislation over business growth and development, various leadership style, overview of Woolworth Group Ltd mission and vision statement. The second task involves Toyota company profile in which it requires a preparation of seminar in which explains organization mission statement to its employees in order to attain productivity. Finally, the third task is based on Garden of Eden in which it asked to solve some cases by providing better solution is also mentioned here. TASK A 1 Importance of good ethics and its impact over business growth Ethics is a discipline which defines what is good and bad for individuals and society in order to maintain a best relationship with each other. In other words,the definition of business ethics can be provided as the values and beliefs followed by the organization at the time of operating their business in the society. However, it is regarded as an important factor within business functions or operation asmoralsconcerns ansinglechastejudgment about right and wrong (Klettner, Clarke and Boersma, 2014). Decision taken in an enterprise may be implemented by personnel or groups, but whoever makes them they will be influenced by culture of firm.A individual behaving ethically are their morals which guides them about the direction to move, superior or subordinated both must decide what they think is right course of action which help
them to add value to the firm brand image in a productive manner. However, Woolworth Group Ltd leadership builds on foundation of ethical behavior, it helps them to create long lasting positive effect for firm, including the capability to attract or inspire, retain highly talented personnel and building or maintaining a positive reputation within the business operation or people. Henceforth, a good ethics is an integral component for the growth of Woolworth success as it impact them in various ways which are explained below: Createbetterrelationshipbetweenleader andpersonnel:The Operationsin a business when operated in an ethical form will help the company tofarthergenerating firmnessinsidean establishment for a longer period of time (Beadle‐Brown, Bigbyand Bould, 2015). Enhanceemployeeperformance:AlackofethicswithinWoolworthbusiness operation, it directly influence over manpower performance which decreases company productivity and profitability ratio. On the other hand, a fair ethical working environment empower leader or manger to provide enormous platform which motivate each workforce to put their full contribution towards an attainment of maximization of profit as well as increased market share. Enrich company credibility:This aspect is relate with firm reputation or brand image amongcompetitorsandindustrieswhichimprovecompanyoverallperformance. However, when an organization follows good ethics within their business function it reflect on enlargement of market size as well as generate positive attitude among customer that add value to Woolworth reputation. Apart from this, it creates a strong relationshipamonginternalorexternalbusinessenvironmentwhichleadan establishment to gain competitive advantage and also obtain sustainable proficiency. Therefore, it has been signified that leadership and ethics should go by joining hand together as it enable Woolworth Group Ltd tomake good relationships in the business as well as the organization can tackle with all unethical practices in order to protect organization from unsupportivemessage,impactingnegativelyonthesalesofthecompanyincreasingthe government intervention(Cunningham, Seaman and McGuire, 2016).
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2 Leadership styles Every organization and leader has various kinds of style which they follows in order to accomplish theirbusinessconcerncontentorimpersonalin an effective and efficient way. However,leadership can be defined as the process with the help of which it is possible for the leader to influence the people in the way in which the leaders wants from them to do by making effective use of the resources available in an impressiveand creative style. Thus, the different leadership style which Woolworth can imply into their firm operation or function are mentioned below: Autocratic leadership style: Under this, it is regarded as authoritarian style in which leader orders or tells their workforce what they want done and how they want it accomplished, without getting any advice or suggestion from manpower which sometime generate negative impact over Woolworth brand image. Moreover, there are particular situation in which this style become more fruitful i.e. in fast changes where task has to be completed within short span of time and leader puts objectives on its employees in order to cope up with all challenges or threat in an innovative and creative style (Yahaya and Ebrahim, 2016). Democratic leadership style: It is also refer as participative style in which leader takes an initiative to involve their personnel into their business activities or procedure i.e. problem solving and decision making process which builds motivation or encouragement among employees. Due to this, every manpower put their best effort or contribution towardsanobtainmentofincreasedlevelofprofitabilityorproductivityratio. Additionally, it empower leader to creategood decision that could provide them withto maintain their relationship for a longer period of time as well as can makeimprovement in the performance of the employees in positive way. Laissez fair: In this style, leader allows the employees to make the decisions which impact positively or negative on company and personnel performance that reflect on market share and size. However, the leader is still responsible for the decisions that are made. This is used when manpower are capable of analyzing or examining the situation and determine what needs to be done and how to do it, for which they require full trust or
confidence on each other in order to achieve organization goal or objective within prescribed time limit. Henceforth, each style comprises its own strength and weakness and for that Woolworth Group Ltd leader should determine which procedure suits on every business complex situation. Due to this, they can maintain a better working relationship as well as can enrich their market share in an impressive or productive style. 3 Impact of legislation on leadership of an organization Business and society cannot thrive without some regulation or legislations as it help them to sustain their connection with internal and external clients and also it help them to achieve their objective or vision in an appropriate way without any hindrances. Along with this, it regulate the rights and duties of people carrying out business in order to ensure fairness and also protect manpower dealing with business from harm caused by defective services. Thus, legislation refers as a law which has been promulgated or enacted by a legislature or other governing body or the process of making as well as in the preparation or enacting laws by local, state or national legislature. However, it plays a crucial role within business premises as it allow them to maintain their discipline or code of conduct in order to acquire best positioning among competitive marketplace. In regard of Woolworth Group Ltd legislation and leadership must go together as it enable its manger or leader to safeguard their employees’ rights by providing Environment protection, fair reward, equal opportunity and many more which add value over very personnel and also enhance company brand image. Henceforth, some of the impact which legislation throws over Woolworth leadership are mentioned below: Improves employee relation: Legislation is a discipline which governs or monitors the entire process of company as well as benefits leaders in carry out their business objectives in an impressive manner. Along with this, it enable Woolworth leader to treat their personnel with equality which generates positive attitude among employees and also it benefits company’s development by maintaining better relationship between leader and followers for a longer period of time (Anderson and Sun, 2017).
Decrease in dispute: Any confusion or ambiguity leads to huge conflict that directly impact over organization success and enrichment. Therefore, legislation has an integral role in their aspect as it restrict each individuals by creating any unethical practices as well as behave ethically with each other which help Woolworth to enlarge its market size. Along with this, it motivate leader to render equal opportunities to every manpower and also keep transparency in communication that benefits organization to control over conflict of interest and can generate a healthy working condition in an effectual manner. Enhance firm productivity:This aspect is relate with employee performance which reflect over firm’s output or profit margin within an industry. Thus, a legislation or regulation empowers Woolworth Group leader to behave with equality which encourages them to put their full contribution towards an attainment of increased level of sales growth and also high proficiency ratio. Moreover, it allows leader to participate their personnel into business operation and activities which enhance enterprise effectiveness and also helps them to be more competitive among an existing industry. However, legislation is the key component for Woolworth Group Ltd leadership as it enables them to maintain a better working condition and also empowers them to more flexible towards all business opportunities in order to gain competitive advantage with an innovative and creative style. 4 Woolworth Group Ltd. Mission, purpose and values It is a leading and reputed Australian company with extensive retail interest through Australia and New Zealand. It is establishes in the year of 22, September, 1924 by Percy Christmas and Stanley Chatterton with an aim of being a best and first choice of customers by providing high or best quality of product and services. In addssition, it main operation involves supermarkets, liquor retailing, hotels and pubs, stores across Australia and many other countries. Moreover, it serves 28 million of customers nationwide as it also handles there trade through online which widens its network and help them to reach out end users easily. Henceforth, Woolworth Group Ltd, purpose, mission and values are described below for which they stick for past 94 years: Purpose:Woolworth Groupkey purposeisto addqualityto customer’slifeby delivering each product or service with best quality as well as in an affordable price
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which help them to gain increased level of consumer satisfaction. However, they believes in producing products according to population taste and preferences for that they make an attempt to examine current and emerging trend of market in order to acquire sustainable profitability ratio (Michaelson and et.al 2014). Mission:Its main mission is to be a best choice for customer for which they agrees that quality is the heart of their business and they are committed to it whole heartedly. Apart from this, Woolworth believes in helping members of company to achieve financial security and wellbeing by providing a range of relevant, competitively priced savings, lending and financial services. Values:Its value state that they are customer obsessed, inspirational, responsible, collaborative and committed to quality. Along with this, they consider its customer as the backbone of company’s growth for which they always looking ahead to bring out an innovative or creative products by acquiring all advancement in technology into their business operation. Moreover, their another core value is its employees for which they takes an initiative to build a better working atmosphere in order to add value to company’s productivity and also boost its profit margin within the marketplace. Thus, it has been signified that Woolworth is mainly stick to quality of product and at the same time it believes in balancing internal and external business environment so that they can acquire best positioning within competitive industry (Ghaferi and Dimick, 2016). 5 Elaboration of Woolworth Group Ltd objectives Being an branded company within retailing industry it integral components are its customer for that acquires several tactics or objectives in order to attract new group of population as well as retain existing customer towards their brand. In order to accomplish the same, Woolworth Group Ltd contains six priorities which are as follows: Customer 1stTeam Culture 1st Connected, Personalized and convenient shopping experiences. Differentiate our Food Customer Propositions. Accelerate innovation in our Business Drinks.
Unlock value in our portfolio. E2E processes i.e. better for customers and simple for stores. It all begins with generating a great and long lasting retail team that listens or pays attention towards customers, team members and suppliers. Through their voice of customer programmed across their brands, store teams and Support Office receives daily reviews from its potential consumers. However, this means its team focus everyday on continuing to enhance their offer and shopping experience for customer. Our customer insights and data drive inform all our business decisions as we become a more customer obsessed Group. To build on this, they continue to enhance their loyalty proposition and offer customer a connected retail experience. There are some methods or ways which Woolworth leadership acquires to achieve their goal in an impressive manner that is described below: Deepens their understanding skill in order to determine their possible or potential customer from across the globe. Lead the market in customer loyalty and boost membership, retention and spend. Drive online sales by leveraging world class system and digitalized platforms with an increasing focus on mobile commerce. Build fashion credibility and performance by offering differentiated, design led private label brands. Entrench an integrated quality approach, including technical innovation, governance and compliance to ensure value and safety of our products. Embedded a mindset of continuous improvement in productivity and ongoing cost optimizing (Cooke, 2016). Contribute to social development to build for better future for our communities as well as to enhance firm brand image among competitive marketplace. Thus, Woolworth has several strategies which directs their path and also encourages them to attain their objectives in an impressive and productive manner within prescribed time limit.
TASK B Overview of Toyota mission and its aim Toyota is one of the leading and branded company among automobile industry which is incorporated in the year of 27, August, 1937. Along with this, Toyota Motor Corporation’s headquartered are in Toyota city located in Aichi, Japan. It manufactures and sells vehicles and spare parts globally. Currently, the company operates its business worldwide with 53 overseas manufacturing companies in 28 countries and regions. The firm vehicles are sold in more than 170 countries and regions.However, Toyota main mission is “to attract and attain customers with high valued products or services and the most satisfying ownership experience in the world”. In order to achieve the same, it has adopted various ways which is explained below: Brand image: Being a multinational company, they are highly dedicated towards a quality of products for which they acquire latest or advanced technologies which lead them to be a challenging for other players within industry. That is why they are called as technology driven company who come up with attractive or modernized products that capture the attention of wide range of population (Lindsjørn and te.al 2016). Implication of techniques: Additionally, it is not only focus over quality of products but also consider waste minimizing for which they introduced a term called Just in Time and in today’s market it is applicable by all industries in order to improve the overall performance of firm as well as render world class safety to protect the lived of customer or communities. Customer’s safety and protection:Furthermore, by aiming safe and pleasant journey of consumer they make use of all advance technologies in order to completely eliminate the traffic causalities or congestion that not only enable them to put smile on individual’s nut also to enhance its market value among competitors (Körner and et.al 2016). Building and maintaining better relationship: Toyota believes in encouraging its personnel to identify existing and evolving trend of marketplace as well as of customers taste and preferences in order to gain competitive advantage in a better manner. Along with this, they takes an initiative to expand its network by building strong or better relationship with internal or external client who are key pioneers of company’s success
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and development. Furthermore, creates a trust, loyalty or confidence among customers by delivering high quality of products and services that enhance its productivity and profitability ratio. Therefore, Toyota is highly focused towards its aim and mission that describes delivering best quality of products with an implication of advancement of technologies as well as bring high level of customer satisfaction. Moreover, it enables them to most reputed company within an automobile industry and also acquire sustainable proficiency in order to become a challenging or threat for existing players. TASK C Problem Solving – 1 What are the professional development activities at Garden of Eden for staff and management alike? In order to sustain within today’s competitive industry, every organization should be more productive and efficient and it can only gain with the help of motivated or energetic employees who put their best effort towards an attainment of increased level of profitability ratio. However, personnel motivation is the key determinant for the company’s growth and development as well as enable them to gain competitive advantage in an impressive manner. In regard of Garden of Eden, it priorities its workforce desires, need and based on that make corrective course of action which lead them to improve their shortcomings and can put their full contribution to increase company’s output. Moreover, Garden of Eden provides enormous platforms for their manpower as they conduct various training session, seminar, workshops in order to enrich employee’s performance. Along with this, they provide provision to its personnel i.e. whoever desires to attend Garden of Eden training program company reimburse their training fees, food, accommodation, and travel which generate positive attitude among employees towards firm objectives and it benefits Garden of Eden by adding value to its brand image among marketplace. Due to this professional development activities, Garden of Eden is enable to build or maintain a strong employee relation as well as encourages them to bring innovation and creative ideas or thoughts into their business operation without any obstacle. In addition, it not only enrich personnel motivation but also generate team work and collaboration among each
members which benefits Garden of Eden by enlarging its proficiency ratio and volume of sales (Weller, Boyd and Cumin, 2014). Problem Solving- 2 What is wrong with Jerry and how can you help him improve his leadership style? As per Jerry case, he is one of the productive micro manager of leading organization and also takes an initiative in identifying employee capability as well as delegates each individuals in various team in order to accomplish organizational goal or objective in an effective manner. But, one of the main lacking factor which Jerry faces in its administration is maintaining a better relationship with personnel as well as providing them all necessary resource so that they can obtain profit maximization within prescribed time limit. Thus, Jerry should determine current market scenario and based on that provide all resources within business premises so that manpower can give their best effort with an optimum utilization of available resources in order to enrich company profit margin. Along with this, Jerry must make an attempt to encourage their employees to take part in business activities or procedure like problem solving, decision making and many more. Due to this, Jerry can acquire full contribution from its personnel and it directly impact over firm productivity by increasing its potentiality to acquire best positioning among competitive marketplace in an impressive manner. Additionally, Jerry should also appreciate employee’s performance by recognizing their effort or contribution and provide them an appreciation in the form of prizes, certificate, memento, cash prize and many more that generate high level of satisfaction among each manpower and it improves the overall performance of company in an innovative and creative style. 3 Report Writing Executive Summary A successful teamwork improve workplace performance, enable better communication, strong or healthy relationship and ultimately increases productivity. However, team is defined as a group of two or more individuals who come together with an aim of achieving organizational goal in a productive way within given time frame. In this report, it involves role and implication of building team spirit among Woolworth employees and its effect over business growth or
development. Moreover, it includes decision making process for generating high level of profitability (Dietz and et.al 2014). Introduction In every organization, teamwork plays a vital role as it enable them to facilitates transparency among employees, motivates personnel and promote creativity which lead a firm to expand its business operation in an better manner. For this report, Woolworth is considered which one of the leading supermarket in Australia market is. This study covers importance of teamwork and its influence over decision making process of firm. Main Body In every aspect of business, the diverse skills of teams re needed for reaching success and for make use of all available opportunity an organization requires an impressive team who can contribute towards an attainment of high level of profitability and productivity ratio. In regard of Woolworth, teamwork is an integral component as it benefits them in various ways such as: It motivates or encourages unity in the workplace. Teamwork offers differing perspective and feedback. It render great learning opportunities. It provides improved efficiency and productivity. A productive teamwork promote workplace synergy. In addition, due to this impressive and cooperative teamwork enable Woolworth business function to implement best decision that helps them in obtaining increased level of sales growth as well as add value to firm brand image. Moreover, decision making is the process of making choices by identifying a decision, gathering information and assessing alternative resolution. Henceforth, Woolworth uses step by step decision making process which help them to make more deliberate, thoughtful actions by organizing relevant information and defining alternatives. The process is described below: Step 1:Examine the decision: Under this, Woolworth leader clearly defines the nature of decision which they desire to make as thus initial stage is very important.
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Step 2:Gather relevant information: Before implementing decision, Woolworth manager takes an initiative to collect all possible or accurate data in order to bring out fair solution for their employees issues. Step 3:Identify the alternatives: After gathering information, Woolworth leader list all possible and desirable alternatives so that they can cope up with all unpredictable situation. Step 4:Weigh the evidence: Under this, they evaluate the information which they have collected and clarifies all mistakes or ambiguities for bring high level of employee satisfaction. Step 5:Choose among alternatives: After weighing all evidence, Woolworth management select the alternatives that seems to be best for their business operation. Step 6:Take action: After choosing best alternative, Woolworth leader implements corrective course of action which lead them to maintain a better relationship with each personnel for accomplishing their goal in a better manner. Step 7:Review the decision and its consequences: In this final step, Woolworth consider the results and evaluate whether it brings employee satisfaction and if not they takes an effort to analyses the issue and implement best solution in order to gain competitive advantage. Therefore, teamwork plays an important role in Woolworth business function as it help them to create enormous opportunity for employees growth and also enable them to implement best strategic decision in order to obtain sustainable profitability ratio. Conclusion Teamwork is important and essential for firm enhancement and expansion as well as it enable them to accomplish the overall objective and goals of an organization. Along with this, it allowthemtoparticipateemployeeswithintheirbusinessactivitieswhichcreatebetter relationshipandimprovesoverallperformanceofanorganizationinanimpressiveand productive manner. CONCLUSION It has been stated from the preceding report that leadership is an integral component in an organization as it assist them to accomplish their business objective in an innovative and creative
style without any obstacles. Along with this, a fair and good ethics enable administration to create best working environment as well as generate positive attitude among employees towards firm that add value to company brand image. In addition, without a mission or vision statement an organization cannot achieve its objective because it guides or directs the leader regarding selection of best strategic decision for the beneficial of enterprise for a longer period of time. Moreover, various leadership style aid leaders to build a strong relationship with each personnel which empower them to put their full contribution towards an attainment of high productivity and sustainable proficiency ratio.Furthermore, in order to sustain within existing marketplace which is highly advanced or challenging flexibility or adaptability plays an essential role in order to gain competitive advantage as well as can acquire best positioning within an industry. Additionally, problem solving skill is also a key component for leadership so that they can generate good connectivity among personnel and also enhance their market share in a productive style.