Introduction to Management: Analysis of Travis Perkins
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This report provides an analysis of Travis Perkins, a UK-based organisation that is considered among the top organisations for builders' merchants and home improvement. It covers the background of the organisation, its management structure, advantages and disadvantages, marketing mix, and an overview of human resource management functions.
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Introduction to management
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Contents INTRODUCTION...........................................................................................................................3 TASK...............................................................................................................................................3 Background of selected organisation...........................................................................................3 State management structure of selected organisation..................................................................4 Discussion of advantage and disadvantage of management structure.........................................5 Marketing mix of Travis Perkins.................................................................................................7 Overview of human resource management functions.................................................................8 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................11
INTRODUCTION Managementis defined asthe process thatis relatedto coordinateand administrateall organisation task and operations in order to attain business determined goals and objectives. It includes various activities such as establishing business strategy and coordinate employees’ efforts to achieve desirable outcome with the help of resources such as technology, human resource and financial resources. It is one of important activities that consist organisation, planning, controlling and leading of different efforts made by members of company along with using different resources for attainment of goals (Barnes, 2022). It is important for a business to adopt proper management of different action and performance of company as it provides them opportunity to attain goals and objectives. Management of a company consist different people who has different roles and responsibility in business. It consist shareholder of company, board directors, CEO of company, CLO and different managers. Ultimate goals of all these members is to helps business to attain goals and objectives. In this report Travis Perkins is taken into consideration that is British builders’ merchant and home improvement retailer, headquarter situated in Northampton, United Kingdom. It is listed on the London Stock Exchange as well as constituent of FTSE 250 Index. It is one of leading organisation in UK for building improvement project and also focusing of building positive relationship with its customers that provide them to get success in market. On basis of these relationship with customer and employees provide opportunity to company to differentiate its service from those of competitors. This report covers analysationof businessofTravisandPerkins. ItconsistsbackgroundofTravisPerkins organisation.Itincludesdiscussionofmanagementstructureofcompanyalongwithits advantages and disadvantages. Along with that it analyses marketing mix of company and explanation of 4P’s of marketing of business. Moreover, it consists overview of HR function and details of recruitment and selection, talent development and employee relations of company. TASK Background of selected organisation Travis Perkins is one of UK based organisation which is consider among top organisation for builder’s Merchant and home improvement. It has top position at national level and also working for getting continuous success. This business is getting success in market by building personal relationship with customers of company as well as its infrastructure that allow them to fulfil all
promises by company. This business is a leader in context of heavy material of building and also building in successful manner. It is also getting benefits through partnership with customers on different types of projects (Uzo, Shittu and Meru, 2018). This organisation is getting success on basis of their product knowledge and other capabilities which helps them to solve problem and assist business of customers to grow. It is an organisation which is providing its service in wholesale building material. It is getting in success and also contribute to economic development by creating different employment opportunities for people of UK. This business has around more them 10000 employees who are working for growth and success of business (Travis Perkins, 2022). It was established in the year 1988 as a public company in UK through merger among Travis and Arnold and Sandell Perkins and its headquarter is existed in Northampton. It is a growing business that is getting growth and success in market but covid-19 create negative impact over growth of company as they has closed their business. Due to increasing loss, this business has cut around 2500 jobs in around 165 branches that create opportunity for them. This organisationisalsocontributingtosocialdevelopmentbyfulfillingitscorporatesocial responsibility. For this, it is running Staywell hub in which they are providing support to colleagues and this campaign ha around 200 mental health first aiders for purpose of supporting to colleagues and customers. It is also a business that is also focusing on development of their employees as these people are work and provide success to company. Travis Perkins has skilled and talent employees in their organisation which provide success and growth to company. In order to make employees productive and satisfied, business provide them sufficient pay scale, monitortheirperformance,providethemtimelytraininganddevelopmentopportunities, understand their problem and provide solutions, includes them in decision making of company (Dressler and Rachfall, 2020). Other then employees, customers are also important for survival of business and for this, Travis and Perkins are making positive relationship with them. State management structure of selected organisation Management structure of a company described ways in which a company organise its hierarchy of management. It is also important for business in order to identify authority, rights and duties, communications of organisation, it is also a business that identify different responsibilities, roles and power which are coordinated, assigned and controlled different level of management (Diklić, 2018).Thismanagementstructureconsistslowerlevelofmanagement,middlelevelof management and upper level of management. Travis and Perkins is one of organisation which is
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adopting functional organisation structure (Organisation chart of Travis Parkins, 2022). It is similar to hierarchical organisation structure as functional organisation structure is also starts with higher level of responsibility and end with lower level (Tait and Napompeth, 2019). In this type of organisation structure, employees are organisation according to their specialisation of skills and corresponding responsibilities. It is also managed in effective manner by providing benefits of specialisation to business. It is one of organisational structure which divide group according to similar skills and knowledge and use in team for attaining goals and objectives. In organisationofTravisPerkins,itverticallystructuresdifferentdepartmentrolesfrom shareholders to finance, sales human resources to employees assigned for products and service (delson, Senk and Stock, 2018). It is a structure which consist single authority which is of top management of company. In this structure, each unit deals with one aspect of product like marketing, operation, information and technology and others. It is also an organisation structure which is also known as Silos as it is a function that work in independent manner and also has its own vertical structure. In this type of organisation structure workers of each function can communicate exclusively and also department head can also communicate by their level. Discussion of advantage and disadvantage of management structure TravisandPerkinsisadoptingfunctionalorganisationstructurewhichdividedifferent department accepting to functions and according to skills and interest of people. It provides
variousadvantageanddisadvantagetotheirorganisation.Someoftheseadvantageand disadvantage of this organisation structure in context of company is mentioned below: Advantage of management structure Increased productivity:functional organisational structure is one that is dividing roles and responsibilities according to specialisation, skills and interest of work in Travis Perkins. It allow employeesto work willingly in effective manner which will increase speed of work of employees. It will also boost confident of employees as they do not require more supervision of work (Gabriel, Manahan and Colwell, 2021). Skill development:Adoption of functional organisational structure also develop skills among employees of Travis Perkins as this business has divided multiple whole organisations in different small teams. In this, managers of each team get opportunity to develop skills of employees working under their guidance. It is important for development of different soft and hard skills and also for improve efficiency of employees. Clarity:Travis Perkins adopting functional organisational structure as it provide clarity in business. There are different people work in organisation with same speciality and in order to avoid confusion among people for roles and responsibility, business avoid clarity. It is important for business to needs higher level of information in context of human resource customer service marketing and other things which allow them for purpose of operate in effective manner. Minimised cost of operation:It is one of organisation structure which helps Travis parkins to minimise their cost in business as it will boost skills of employees to do same work and also make them efficient which does not allow to supervise their work (Gänsslen and Lindahl, 2021). It also reduces time to be taken and helps business to saves its resources. Disadvantage of organisation structure Hindered decision making:There are some companies which is depended on flexibility as well as creativity. This organisational structure create impact over these creativity and flexibility of organisation. It is also an organisational structure which require approval from management before making decisions. In this structure, managers of company do not take feedback from teams that create negative impact over progress of project. Competition among department:There are high competition among different department which work together for purpose of completion of work. There are different employees work in each department of organisation for attainment of goals. This organisation structure shift their
focus on attaining goals of their department that leads to competition and also create impact over communication in business. Narrow scope:It is an organisational structure that does not provide additional guidance and informationfrommanagementinadepartmentwhoworkswithlimitedknowledgefor attainment of objectives of company (Gremyr, Bergquist and Elg, 2020). Marketing mix of Travis Perkins Marketing mix is one of model which was introduced by E. Jerome McCarthy in the year 1960. It is one of term of marketing that focus on different areas of marketing. It consists mainly four component like products, price, promotion and place. It is a term of marketing that focus on broad range of areas which allow them for purpose of reaching to different audience, maintaining focus over business and other things which allow them to launch products and also revising existing products. On basis of industry, target market, managers of Travis Perkins can develop different approaches of elements of marketing that can be examined independently. Explanation of different components of Marketing mix of Travis Perkins are mentioned below: Product:Products can be described as item as well as service which can be designed to satisfy needs and wants of consumer. In order to sell a product, business needs to differentiates its products from those of competitors which will provide opportunity to business to increase their sales. Travis Perkins is offering general building materials, bathrooms, timber, landscaping material, plumbing and heating, tool hire and kitchens (Lynch, 2022). It is also focusing on building as well as home improvement material. This organisation is providing products which are of high quality that will improve satisfaction of customers. Price:Price can be descried as monetary values changed by business for purse of exchange of their products and service. Price of product is also the values which customer is ready to pay for the products. Price can be set by company according to demand and supply of procucts and is depended on cost of company (Starr-Glass, 2019). Travis and Perkins is the organisation that are providing products which are of high quality. These products are efficient in order to improve satisfaction of customers. For this, they are charging fair prices to its customers which allow them to attract number of customers to their organisation. This business is also focusing on maintaining good relationship with its customers that allow them to earn more money in market. Charging competitive and fair prices also helps business to compete in marketplace with other competitors.
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Place:Sales of products is also depended on areas where it is distributed. Place of products can be selected in a way where customer can reach without any problem. Travis and Perkins is one of the organisation that is offering its service on both online as well offline platforms. In order to book their service online, customers can visit site of company (Nagel, 2021). For book service offline,customercanvisittotheiroffice.Alltheseareimportantinordertoincrease convenience of customers and also for increasing sales of company. Promotion:Promotion is one of important component which is adopted by firm in order to increase awareness of products and service. It is also important for business in order to increase sales and likeliness of products in marketplace. Travis Perkins is an organisation which are considered as top merchant in UK and getting success in organisation. It is selling its products and service on basis of personal relationship made by them with their customers. They are also promoting its products buy fulfilling their promises. This organisation is using digital marketing in order to promote its products ad service. They are using website in order to reflect their skills and work to customers and also developing portfolio which allow them to gain attention of customers. Overview of human resource management functions Human resource:Human resource is defined as the set of people who make up the workforce of an organisation. It is the division of business that is responsible for various HR related operations such as finding, recruiting and provide training to job applicants as well as implementing different employees benefit program that help business to maintain strong relationship with employees and retain them with organisation for longer period of time (Parker, 2019). It is one of important department of a company which helps to resolve problem of employees. It is one of department that play important role in success of business and HR manages of company invest their time in different HR activities which helps firm to deal with human resources in effective manner. HR manager of Travis Perkins various HR functions that are explained below: Recruitment and selection: Recruitment and selection is the most important function of human resource department. Recruitment is defined as the process through which organisation attracts qualified candidates for a specific job role in organisation whereas selection is related to identifying suitable candidate for specific job role on right time. HR manager of Travis Perkins ensures that appropriate candidates are selected for job profile on the bases their qualification, skills, capabilities and experience. Aim of this function is to ensure that company has sufficient
employees all time to deal with operation and activities. During the process of hiring of employees for Travis Perkins, managers of company ensure that they are hiring employees who suits to requirement and environment of business. Employee relation: Employee relation is defined as the action that is related to maintaining strong relationship between employee and employer. It concentrates on both aspects such as individual and collective relationship at workplace. In current business environment. it is very important for organisation to establish effective and strong relation that motivates employees and enhance their contribution in attain business determined goals and objectives (Placci, 2018). HR manager of Travis Perkins creates efficient HR policies, strategies that maintains effective relation of employees with manager and encourage them to perform with greater efficiency and effectiveness. Through maintaining positive relationship, organisation can boost employee’s loyalty and engagement in business operations that lead overall business towards growth and development.Focus of HR managers of Travis Perkins is on promoting positive relation with employees as it allow them for retain employees for long term and also motivate them for giving their best. Talent management:It is the most imports function of human resource department of organisation that is related to attracting, developing, motivating as well as retaining high- performing employees with organisation that helps business to gain competitive advantages. It includesvariousapproachessuchasrecruitment,providetraininganddevelopment opportunities,performancemanagementandcompensationmanagementthatenhances performance of employees and improve contribution in attaining organisational goals and objectives in efficient manner (Schuster, Heinemann and Cleary, 2021). HR department of Travis Perkins implement various talent management approaches and provide suitable training to employees that enhances their skills and capabilities and provide them appropriate compensation as per their performance that enhances employee’s satisfaction with defined job role. CONCLUSION From above mentioned project report, it can be concluded that management is one of important component for a business which helps them to plan, organisation, lead and control different activities of business. It is important in order to manage things in a way to avoid confusion and also it helps to increase speed of operation in organisation. Every organisation has its own management structure which provide clear roles and responsibility to different members in
company. It also defined who is responsible for what task and to whom they need to answer for their work. It is important for an organisation to have clear management structure which helps them to process for work in effective manner and also to making quick decisions. On basis of it, a person can take advantage of different opportunities arise in market. It also helps business for purpose of increasing speed of decisions as on basis of it, firm can take advantage of opportunitiesariseinmarketplace.Italsoprovidesclaritytodifferentresponsibilitiesat workplace which helps them to identify a person who is not work in efficient manner. In order to develop effective strategies related to products and service of company, manager is developed marketing mix. It is an important concept of marketing which consist description of four components like products, price, promotion and place. It helps managers of company to understand what changes company can made in this in order to attract more customers to their business. Human resource function of a company is another important component which deals with human resource of company. These practices motivate employees to work with dedication, solve their problem occur at workplace, monitoring their performance and other things. It has different functions in business like recruitment and selection, employee relation and talent development. It is one of important activities in business which allow a person for purpose of retaining employees for long term and get their best for success and growth of business.
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