Travis Perkins Plc: Management Structure, SWOT Analysis and Marketing Mix
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This report provides an in-depth analysis of the management structure, SWOT analysis, and marketing mix of Travis Perkins Plc, a major construction solutions provider in the UK. It includes a background of the company, advantages and disadvantages of its management structure, SWOT analysis, and the 4Ps of marketing mix.
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK..............................................................................................................................................4 Background and description of the Travis Perkings plc........................................................4 The management structure of the Travis Perkins plc company.............................................5 The advantages and disadvantages of management structure of Travis Perkings Plc...........5 SWOT analysis of the company in order to determine competency power and level...........7 The 4Ps of marketing mix in context of Travis Perkins plc company...................................8 The overview of HR functions and present details of recruitment and selection, employee relations and talent development of the company................................................................10 CONCLUSION.............................................................................................................................12 REFERENCES..............................................................................................................................13
INTRODUCTION In the functioning of a business management is considered as key approach which helps in management of employees as well as business operations(Ashdown, 2018). In the recent times,duetoincreasedcompetitionbetweendifferentcompaniesitisessentialforthe management to develop and formulate best business practices. Professionalism is one of the most essential part of management which helps in increasing development of a company in a precise and systematic manner. Construction management is one of the key approaches which helps in development of a construction working oriented business. Management functions are considered as key approaches which helps a business entity to increase potential of the business and gain competitive advantage. In the corporate world it is essential for a business entity to take assistance in order to lead the marketplace. The application and development of construction management is also a key technique to overcome key issues and challenges which are faced by a business entity. The report includes example ofTravis Perkings plccompany which will provide in depth analysis related to construction management business. The Travis Perkings is a major construction solutions providing company which belongs toGreat Britain.The company deals in providing key solutions to major clients who are developing their business in the building construction sites. TheTravis Perkins plcis also aBritish Builder'smerchant and home improvement retailer. This report will include key analysis of management structure which is applied by the business entity along with advantages and disadvantage. The report will also description of 4Ps of marketing and SWOT to analyse business competitive value and strength. This project concludes the importance and overview of human resource management related operations which helpful in managing precious employees of the company.
TASK Background and description of theTravis Perkings plc The Travis Perkings is considered as one of the key business entity which provides key competitivestrengthtoabusiness.ItisessentialroleofTravisPerkingstotakeinto consideration concept of total quality management in order to provide best services to major customers. The Travis Perkings Plc is also known for building major famous construction sites all across the United Kingdom. Travis Perkings company is also mentioned in the London Stock Exchange and constituent of FTSE 250. The business organisation has earned significant amount of goodwill and reputation by building several reliable infrastructures. Company has hired professional employees who are trained enough to perform key business functions according to systematic growth of the company. The management of company is also professional which helps in precise and systematic management of employees. Travis Pekings company head office is situated at Northampton and its known as one of the major companies in construction field all across the glove. The company also deals in providing architecture plans and construction management solutions to key clients of United Kingdom. The Travis Pekings company is also considering modern tools and techniques which are essential for development of construction sites. It is major role of a business to develop focused approach in managing key tasks and functions with the help and assistance of major tools and techniques. The company is also providing renovation of homes in order to make them more attractive. Travis Perkings holds topmost position at the marketplace while delivering major solutions related to management of construction based activities. In order to gain competency edge, Travis Perkings Plc is develping major tools and techniques which are helpful in business management. The company is also takingintoconsiderationguidanceofprofessionalexpertstodevelopeffectivenessin management and employee management.
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The management structure of the Travis Perkins plc company The management structure is considered as one of the key approaches which helps a business entity to develop effective business practices(Cooksey, 2020). The organisational structure is also a key approach which helps the company to increase overall potential by facilitating decision making. In the functioning of a business entity, the management structure is helpful in deciding the hierarchy based solutions to company. In the recent times, it is important for a company to choose management structure in a well and advanced manner to perform key operations in a professional manner. The management structure of Travis Perkings is functional which is connected with key functional departments. These functional departments are linked with each other in order to perform key operations of the company. In order to develop a systematic and precise approach in managing the tasks, it is essential for the company to take into consideration guidance and support by top level management and strategic management. The main functional departments of Travis Perkings include human resource management, marketing management, human resource management and operations management. The functional structure of an organisation is essential to be developed with the help of management strategies. The finance department of company is directly linked with marketing and HR department in order to provide key solutions related to main problems. The Travis Perkings company should develop effective measures and approaches which are beneficial for increasing the overall development of company. This is one of the major role of Travis Perkings company to analyse key growth factors which are dependent on its organisational structure. The functional departments of Travis Perkings Plc helps each other in a well and advanced manner to achieve key goals and objectives. It is also one the major role of higher authorities of Travis Perkings to focus on achievement of set targets in a short span of time(Dyck, 2017). The company should also analyse the key external and internal factors which are important for its systematic growth. The advantages and disadvantages of management structure of Travis Perkings Plc It is necessary for Travis Perkings company to analyse importance of management structure in order to perform advanced business operations. The main role of management structure is to provide hierarchy based solutions to the business in order to survive at the marketplace(.Edelson, Senk,and Stock, 2018).Employees should be also provided with effective training and development practices in order to develop focused approach at the
marketplace. The key advantages of management structure of Travis Perkings are mentioned below: Decision making-Decision making is one of the major advantages of management structure of Travis Perkings. It is major role of a business entity to set effective approach in decision making in order to eliminate risk associated with the operations. The decision making of the company is also considered as key approach which is essential for increasing the competitive strength. In order to develop and formulate best decisions, the management structure plays a crucial role. In order to develop crucialapproach in decision making, it is major role of a company to take into account wants and needs of every employee for development of major decisions. Delegation-The management structure of Travis Perkings also helps it to perform key activities related to delegation. In the recent times, it is one of the major responsibilities of a business to perform key operations with the help and support of delegation. The delegation based approach is also supportive in order to increase the potential of employees(Frankel,Gelman,andPastor,2018).Theemployeedevelopmentand attachment is also increased with the help of this technique. In order to perform key operations with delegation, it is major role of a business to take supportive actions in a well defined manner. Employee engagement and participation-In the era of stiff competition between different companies, it is essential to encourage employee engagement and participation. The engagement of employees is also facilitated with the help of development based activities. Participation of employees is also essential in a company in order to encourage key business practices. The role of a business is to focus on developing a crucial strategy which is important for supporting employee engagement. The participation is considered as key and effective approach which is helpful in increasing productivity of employees. T There are also several disadvantages of management structure which are to be analysed by a business entity. It is essential for the company to know about disadvantages of the company in order to develop and modify the structure(Gregory, 2019).The companies should also focus on development of major plans and policies which are effective in overcoming consequences and challengesrelatedtomanagementstructure.Themajorlimitationsanddisadvantagesof management structure of Travis Perkings are mentioned below:
Complexity and rigidity-The management structure of Travis Perkings is complex and rigid which creates major problems for the staff. It is one of the major roles of a business entity to focus on development of management structure with flexibility. The rigidity in management structure also create complexity in key functions which indirectly impact on decision making. Rigidity in key functions and management structure is not helpful in increasing the competitive strength of a company. Delay in communication-In the functioning of Travis Perkings , communication is one of the major factors which directly impacts on a business. The management structure of TravisPerkingscausesdelayincommunicationbetweenemployees.Themajor operations of the company are affected by communication problems which are faced due tothepresenceoforganisationalstructure.Inthedevelopmentofacompany, communicationbasedpracticesalsohelpsinincreasingthecoordinationbetween employees(Hislop,Bosua,andHelms,2018).Inordertodevelopsystematic coordination in the company, it is necessary to develop a employee centric approach. The communication objectives and targets should be achieved by company by taking help of information and technology. Lackincoordination-Thecoordinationbetweenemployeesisessentialtobe maintained in order to increase the competitive strength. Coordination art facilitates an organisation to perform tasks and functions in a better manner. Due to the presence of management structure, the coordination between employees of Travis Perkings is also affected.Thedevelopmentofcoordinationbetweenemployeesismostimportant function of management to perform key goals and objectives. SWOT analysis of the company in order to determine competency power and level The SWOT analysis is one of the key approaches which helps a business entity to analyse it s competitive strength. Main analysis of SWOT is supportive for a company in order to develop effective and focused approach(Hoon, Hack, and Kellermanns, 2019).The SWOT analysis of Travis Perkings company is mentioned below: Strengths-The strengths are considered as major capabilities of a business firm which helps in supporting functioning of a business. The human resource and marketing management of Travis Perkis are its two major strengths which helps the business to gain
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growth and expansion. The management of Travis Perkings should develop a focused approach in maintaining the strengths in order to lead the competition. Weaknesses-Weaknesses are major limitations and drawbacks which are faced by a business which can negatively impact on business operations. The financial management and operations management are two major weaknesses of Travis management which widely impacts on its performance. In order to overcome key weaknesses, it is essential for the business entity to develop focused strategic frameworks(Parker, 2019). In order to overcome weaknesses in a major time period, it is essential for the business entity to take into consideration help of board of directors. Opportunities-Growth and expansion at the marketplace are two major opportunities that are available to a business. It is major role of a business to take advantage of key opportunitiesandgoldenchancesinordertoincreaseareaofabusiness.The opportunitiesshouldbeanalysedbymanagementofa companyto alsofacilitate employees.. Threats-Threats are considered as risky elements which can impact on the functioning of business in a negative manner. It is essential for Travis Perkings company to analyse threats in order to eliminate them. The threats related to the business should be managed with the help of professionalism to create competitive advantage. The 4Ps of marketing mix in context of Travis Perkins plc company Application of marketing mix is a major approach in the field of marketing which helps in increasing sales turnover and growth. It is key role of a business to focus on the development and formulation of key techniques related to marketing in order to increase sales turnover. The 4Ps of marketing for Travis Perkings company are explained below: Price-The price of product is considered as its value at which it is sold in the marketplace. It is necessary for a business entity to focus on formulating prices as per the analysis of competitor's pricing in order to achieve key results in a set period of time. The price of a product is also considered as key approach in order to increase the profitability of company. The price of products and services should be developed according to
demand at the marketplace in order to increase the business value and development. Travis Perkings decides its prices in order to provides affordable and reasonable products to major customers.In order to set the optimum prices for the products and services, it is compulsory for a business to develop key and effective approach. Product-Products are the output of a company which is developed by production department in order to satisfy wants and needs of customers. It is essential for the business of Travis Perkings to focus on quality of products and services in order to attract large number of customers(Peters, 2017).The products are also developed according to marketplace demand and contemporary business environment. In the corporate world, it is majorly important for the company to formulate effectiveness in product development in order to develop effective approach. Place-Place is considered as the geographical location selected by a company in order to sell its products and services. The place is also one of the major selection done by marketing management of company in order to develop and achieve sales targets. Promotion-The promotion is a crucial element in the marketing mix which helps in development of advertising and publicity of products. It is essential for a business entity to develop effective promotion of its products and services. The promotion of Travel Perkings is performed by professional marketing employees using traditional and digital approach to gain attraction of buyers.
The overview of HR functions and present details of recruitment and selection, employee relations and talent development of the company Human resource management is considered as backbone of a business entity which helps in development and management of employees. It is essential for a company like Travis Perkings to develop a focused approach by maintaining professionalism in order to lead the marketplace. The HR functions of Travis Perkings helps the company to develop focused approach in managing all the employees. The main functions performed by human resource management of the company also helps in increasing the value of the organisation(Schaltegger, Burritt,and Petersen,2017).TheHRfunctionsalsohelpscompanytoincreasetheefficiencyand effectivenessofemployees.Intherecenttimes,duetoincreasedcompetitionbetween companies, it is essential for HR management of the company to maintain systematic operations. The major HR functions which are performed at Travis Perkings are mentioned below: Recruitment and selection-The recruitment and selection is one of the major functions of human resource management which helps in hiring right type of employee. It is one of the key role of a business to focus on increasing recruitment and selection based practices in order to lead the competition. The hiring of qualified employees is done by HRM of Travis Perkings in order to increase organisational efficiency. Companies should focus on development of plans and policies which are required for systematic development of a business. Employee relations-The employee relations play an important role in maintaining healthy relationship between employees. Harmony between employees of a company is also increased with the help of employee relationship. In order to increase the employee engagement and participation, it is important for a business to gain focused approach. The employee relationship is maintained by HRM by development of focused approach in managing various conflicts(Schuler,Rasche,and Newton,2017). It is essential for the human resource management to focus on development of plans and policies which are required for employee growth. The employee relations are also developed with the help and support of key operations and strategies which are to be maintained with the support of top level and strategic management. Talent development and management-The development and management of talent in an organisation is key to success. This is one of the most crucial functions of human
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resource management of an organisation to develop talent management approach in order to develop performance of employees. It is very much necessary for the human resource management to focus on talent employee in order to improve organisational productivity. The management of talent should be done while taking into consideration wants and needs of employees. Conflict management-The conflict management is considered as key approach which is beneficial in encouraging employee harmony. The main function of human resource management of Travis Pekings company is to manage all the key conflicts which happens between employees in a major sense. The conflict management approach also helps the company to develop healthy relationship between employees. Culture management-Management of culture is one of the most essential function of a business entity's human resource management(Shenoy, and Rosas, 2018). The culture and its management is one of the most crucial function of human resource management. In order to gain competitive advantage and effectively manage the workplace, it is essential for human resource management to focus on development of a focused culture.
CONCLUSION From the above stated report it can be concluded that management of a construction businessisessentialpartofitsdevelopment.Thisprojectconcludestheimportanceof organisational and management structure in the functioning of a business entity. This report concludes that development of strategic and planning frameworks helps in development of a company. This project concludes significance of marketing mix in managing key functions of the company. The report also concludes that in recent times, it is major role of a construction management business to take help and support of human resource management to facilitate systematic development.
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