(solved) Leading Business Organisations Assignment
Added on 2020-01-07
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LEADING BUSINESS ORGANISATIONSCOURSEWORK ASSESSMENTSUMMER TERM 2016TABLE OF CONTENT
INTRODUCTION...............................................................................................................11. Motivational techniques of Marks and Spencer's to motivate their employees....12. Leadership style of CEO in M&S...........................................................................53. New management structure of M&S.....................................................................7CONCLUSION...................................................................................................................8REFERENCES..................................................................................................................9
INTRODUCTIONMarks & Spencer (M&S) is a British retail company and the largest network of UKdepartment stores, with more than 1300 stores spread in 59 countries around the world.(http://corporate.marksandspencer.com/aboutus/key-facts)Founded in 1884, by Michael Marks and Thomas Spencer in the city of Leeds, theorganisation revenue today is of £10.4 bn, divided between the Food (£5.4 bn), Clothesand Home (£3.9 bn) and International Market (£1.1 bn).Despite its various segments, this assignment will focus on analyzes of the clothingsegment and critically discuss the performance of the company. On 2 April 2016, M&S announces Steve Rowe, previously head of the food department,as the new chief executive of the clothing business.The new CEO faces the challenge of lead the company into a revolutionary path andrestore its fashions division after a greater than the expected drop in sales.(http://www.express.co.uk/finance/city/632575/Marks-Spencer-new-CEO-urged-revive-clothing-business).The conferred case study have hereby depicted about the failing tactics of M&Swhere they have recently dealt with a tremendous loss of 5.8% in its quaterly sale ofclothings. This failure have overlooked their 0.4% of rise in food provisionings despite ofdealing with a highly competitive environment of its active number of markets.Theoverall online sales of M&S is however raised by 20.9% where it only suffered due to itsfalling shares in fashion department.Employees are considered as one of the most prominent resource of theorganisation where they play a primitive role in accomplishing their affiliatedfunctionalities. Productivity is hereby referred to be a vital consideration of the entities.This is where the active enterprises can significantly attain productive number ofemployees with a prior implication of motivational tools at their respective workplaces(Haeckel, 2013). Into which,a gratified staff is entitled to bring such fruitful outcomes forthe organisation where their managerial bodies should also refer to implement somevital methods of retaining them. The below report have demonstrated a similar1
orientation of motivational elements in Marks and Spencer (M&S). This is where theconferred articulation has together been related to the enforced style of leadership bythe managers to effectually lead their subordinates.1. MOTIVATIONAL TECHNIQUES OF MARKS AND SPENCER1.1 Significance of MotivationMotivation is directly linked to the performance management of organisations. This is where M&S together works with a similar cogitation of work into which they firmlybelieve to eminently perform into their active number of markets. For which, the cited firm has recently taken a drastic approach of appointing a new CEO into the organisation. This was mainly considered to be a supportive conclusion of some antecedently occurred consequences of loss (Harrison, 2012). It is where M&S have significantly dealt with a lowered state of productivity by their appointed staff members. This was however referred to be a leading deficiency of productive formulations by the workers where they were mainly facing a low standard of certain boosting elements at their workplace. It is therefore referred to be a vital consideration of the appointed leaders into the enterprise where they are supposed to constantly boost up their subordinates in a desired format.Need base of motivating employeesWith reference to which, M&S is too referred to inculcate some finer practices ofretaining their efficient number of employees at the workplace where motivation is yetagain considered bringing some other relative points of welfare. This is where anamended existence of motivational tools directly results into less number ofabsenteeism into the enterprise with an equivalently low turnover of employees. Thistogether helps to eliminate any negative deliberations from the mind states of appointedworkforces with a direct relation to their raised level of performances (Nohria andKhurana, 2013). This is where the motivated employees will eminently learn about someeffective measures of working into a changed perspective of market. It is referred to bethe most essential part of such implication where attaining a dynamic nature of work isof utmost important for all organisations. This assists them to work into a desiredmanner with a corresponding attitude towards fulfilling the altered need and demands ofthe consumers. Such practices thus aids the quoted firm to significant satisfy their entirebase of clients and customers with a rising recognition of their brand.Motivational techniques2
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