This report discusses the concept of classical management theories, leadership styles, and the role of leaders in the service industry. It also analyzes the impact of internal and external factors on management style and structure. Furthermore, it evaluates leadership and management skills in relevance to a specific service sector.
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LEADERSHIP AND MANAGEMENT FOR SERVICE INDUSTRY
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Table of Contents LEADERSHIP AND MANAGEMENT FOR SERVICE INDUSTRY...............................................1 .............................................................................................................................................................1 INTRODUCTION................................................................................................................................3 TASK 1.................................................................................................................................................3 P1 Explain concept of classical management theories in relevance with industry.........................3 P2 Briefly describe the leadership styles and role of a leaders in relevance with organisation......4 P3 Evaluate the management and analyse the leadership skills in relevance with specific service sector................................................................................................................................................6 TASK 2.................................................................................................................................................6 P4 Mention about different internal as well as external factor which affects management style and structure in particular organisation...........................................................................................6 TASK 3.................................................................................................................................................7 P5 Determine current management and leadership soft and hard skills with example of specific organisation.....................................................................................................................................7 P6 Determine futuristic management and leadership skill needed by a business organisation and a method to achieve them...............................................................................................................9 P7 Evaluate change management system and how leadership skills are affected by change mangement.......................................................................................................................................9 CONCLUSION...................................................................................................................................11 REFERANCES..................................................................................................................................12 BOOKS &JOURNAL:..................................................................................................................12
INTRODUCTION Leadership and management is considered as a process in which manager and leader execute their business activities and function in an effective manner. This report is in context of HSBC which is leading bank in UK. Bank provides ample number of services such as loans, credit and debit card, overdraft facility etc. In this report, the different type of leadership and classical management theories is taken which determine the role of leader within business organisation. Beside from this, it has been analysed how external and internal factor imposes direct impact on operation and activities of business firm. In addition to this, they determine present and future leadership and management style for a particular business organisation in an effective manner. In reference of HSBC, the leader and manager focuses on encouraging employees toward achieving goal and objective in less period of time. TASK 1 P1 Explain concept of classical management theories in relevance with industry Classical management theory is wider and time consuming. In this theory, there is a traditionalbelief that personnel in firm only have economic andphysical needs whereas social needs are mostly neglected by them. In context to HSBC, they have used this theory so that perception and requirement of employees are clear and specific (Bratton,2020).This management theory includes scientific, bureaucratic and administrative theory of management. These three types of management theory assists the firm to operate their activities and functions in systematic and appropriate manner. In this theory, principles are defined which helps the management to achieve the goals and objectives in proper manner. These theories are also known as constituent theories and are adopted and use by firm in appropriate manner. Theories which are included in classical management are mentioned below- ā¢Scientific Management Theory- Frederick Taylor is considered as father of management. According to this theory of management, to get best output and result and to enhance the productivity of business, it is important to increase the efficiency of employees or workers. Also, Taylor states that there number of ways to get the task done by adopting different methodology and ways. In relation with HSBC, they use different strategies and tactics within and outside the firm so that employees in the organisation feels motivated and they accept the change and challenges. With help of scientific management, entity is able to increasethesubordinatesefficiencyandwhichleadstoboostintheproductivity. (MacBeath, 2019). ā¢Bureaucratic theory of management- Further comes the bureaucratic theory, in which rules, regulations and power is involved. According this theory, management an employee should perform their role and responsibilities by following the superiors decision. With help
of this discipline and management is well organised and maintained in effective manner. In relation with HSBC, mangers as well leaders ensures that positive work environment is there in the organisation. With help of bureaucratic, firm is able to provide efficient well maintaining discipline in the organisation(Hunt, 2016). ā¢Administrative theory of management- Another theory is administrative theory in which main focus is on team or group of members not on individual.. This theory states that for better results work in the organisation should be done with help of team. Completing task with better efficiency leads to smart works and positive relationship revolves around the management.. With help of this theory, firm is able to achieve the goals and objectives if the works is done by mutual understanding and in appropriate manner. In relation with HSBC, in the management everyone in the firm perform their roles and responsibilities I proper manner and work together as team(Joyce,2016). After a brief analysis of above of above classical theory of management it is stated that management in every firm are heterogeneous in nature and follows and operate with rules and regulations. Also,organisationadoptsthesetheoriessothatemployeesbehaviour,attitude, perception and progress while adopting change is analysed in proper manner. Different organisation focus on different classical theories such as bureaucratic, administrative and scientific. It depends upon the firm to choose and give importance to which type of management or theory. P2 Briefly describe the leadership styles and role of a leaders in relevance with organisation In an organisation, to run the business functions as well as operations in smooth manner it is important for firm to have a leaders in the firm. A leaders manges all the employees and critical situation or uncertain situation in appropriate manner. Employee and management are able to perform their roles and responsibilities with guidance of leaders. So, a leader drives and stimulates the subordinates as well as business activities in effective manner. In context to HSBC, there are various roles which are perform by leaders in the organisation which are mentioned below- Role of leaders- ā¢Problem solver- In business, sometimes situation is positive or negative depending on the market events. So, a leader in the organisation act as a problem solver for both employee as well as firm and resolve conflicts and errors with effective decision making and remedies. In context to HSBC, leaders in the firm solve the problem by considering the root of the problem and cause. ā¢Mentor-Employees needs someone who can motivate them to achieve the goals and objectives and increases their efficiency. Without motivation it is impossible to achieve
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something in life. Thus, leaders in the organisation also perform the role of mentor and guides employees towards their right path. In relation with HSBC, leaders in organisation helps and support their subordinates so that all the employees in the firm fulfil their responsibilities in proper manner(Mahmood, 2018). ā¢Vision achiever- Every organisation have vision and mission which is necessary for them to achieve within a time period. Vision helps the firm to perform better and at rapid level. With help of leader firm is able to achieve their vision in effective manner. In relation with HSBC, leaders in the organisation use strategies and efficient manpower so that enterprise vision is achieved in proper manner. Leadership Styles- Every leaders has its own style of handling and managing the employees and management.. Leadership styles are important because business is dynamic in nature and due to rise in competition it is important for firm as well as leaders to adopt various form of leadership styles which are discussed below- ā¢Directive leadership style- In organisation, employees need direction as well as proper guidance so that output is achieved without errors. In this leadership style, leaders guides to team members as well as individual in proper manner so that errors as well as conflicts are minimised in the organisation. In relation with HSBC, leaders in the firm use this style so that works and task are completed within a time period(Kitana, 2016). ā¢Supportive Leadership Style- Further comes the supportive leadership style in which leaders in firm supports and assists the employees both as a friend and mentor. This type of leadership style is effective but it makes subordinates dependent on the mentor. In context to HSBC, they use supportive leadership style so that employees in the organisation perform in a proper manner. ā¢Achievement Oriented- Another type of leadership style is achievement oriented in which difficult tasks as well as challenges are set by the leaders so that employees are able to achieve higher output and results. In relation with HSBC, leaders in the company increases the target numbers and accordingly subordinates perform and their efficiency increases. ā¢Participative Leadership Theory- In organisation, to maintain a positive environment it is important for firm to work as team so that goals and objectives are achieved in proper manner. In this leadership style, leaders in the organisation make decision while involving every individual and group members. In context to HSBC, employees take equal part in business activities and which results in high morale and a stability of subordinates is increased. After analysing a brief analysis of above leadership styles it is stated that it leaders and their style are important in the firm. Without leadership style leaders cannot perform their role and
responsibilities and without leaders firm cannot achieve their target in effective manner. P3 Evaluate the management and analyse the leadership skills in relevance with specific service sector In service sector, functions and operations of business are maintain and handled by managers as well as leaders. Different types of roles are perform by service industry manager in the management and also they are responsible for enhancing productivity and efficiency of the firm. Management is broader and wider concept and time consuming and a proper control and change is needed for the continuity of business. In relation with HSBC, their managementis well organised andstructured which leads to better results and positive outcomes. Leadership skills are like influencing others, motivating, guiding, etc. Implementation of these skills within the firm and team is crucial because all these skills leads to enhanced and improved productivity of business as well as employees. HSBC use effective strategies as well as tactics so that business activities are carried out in proper manner(Webb,2019). To improve the leadership skills, HSBC provide group activities and brainstorming session within the firm so that leaders in the organisation are able to enhance their progress at rapid level. In the firm they also communication as tool to so that everyone in the firm enjoys their freedom of expression and a peace is established in organisation. Afteranalysingabovematteritisconcludedthatleadershipskillsareappliedin management at broaderlevel to achieve the goals and objective in proper manner. In service sector,leadersperformvariousrolesandresponsibilitiesandactasmultitaskperformed. Management is the base of the organisation which means any change in the organisation will have direct impact on management and employees.(Zeike, 2019). TASK 2 P4 Mention about different internal as well as external factor which affects management style and structure in particular organisation. Internal Factor:There are some internal factor that imposes direct impact on management structure and style in particular organisation which is going to be described below: Organisation Culture:It described as a process in which the value, assumption as well as culture which imposes direct impact on attitude and behaviour of people within organisation. In context of HSBC, it is compulsory to have a positive culture in the organisation that helps in boosting productivity as well as profitability level. If the culture is not favourable for people that it
is very tough for manager to handle its style and structure of business organisation. Employee Engagement:It is important to take participation of employees in decision making process in order to increase positive view of business organisation in front of subordinates. In reference of HSBC, it is compulsory to have a proper employee engagement for developing positive environment within workplace. Strategic talent management:The manager of company build strategies, plan of action and policies so that it increases the competence level of subordinates. The employees must work according to the policy followed by company.(Mladenova,2019). External factors:These factor is uncontrollable which imposes both positive and negative impact on activities and functioning of business organisation which is mentioned below: Economic Environment:Economic environment plays a very important role for every business firm. If the income of individual arise that they invest their money towards purchasing of products and services. The economic factor assists business firm in managing whole style and structure in effective manner. It is essential to understand different factor for plsn the future accordingly.(Rehse, 2019). Legal environment:The legal factor plays a very important role in business organisation. It is necessary for company to comply legal rules and regulation which imposes favourable impact on future sales of business firm. There are many changes and alteration which is made by company for cope up with changes made in marketplace. Therefore, there aredifferent regulation and laws provide benefits to its subordinate in order to satisfy them. TASK 3 (COVERED IN PPT) TASK 4 (COVERED IN PPT)
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CONCLUSION After a brief analysis of above report it is concluded that leadership and management for service industry is broader as well as wider concept. Leadership play important role in maintaining and managing the business activities. In service industary, classical mangement is crucial to adopt because they help in achieveing stability and objectives in proper manner. Leaders as well as leadership are essential for the coninuity of business functions and operations. Management perform multitasking roles and responsibilities and it necessary to evaluate and analyse the internal and external factors which affect the mangment styles at broader level. In leadership, leaders have differnt skills such as hard and soft and which are used in leadership process according to the traits of leaders. Change is required at every phase of business so impact of change management on mangment as well as leaders is to be analysed. Hence, it is crucial to focus on both managment as well as leaders and their practices.
REFERANCES BOOKS &JOURNAL: Bratton, J. ed., 2020.Organizational leadership. SAGE Publications Limited. MacBeath, J., 2019. Leadership for learning. InInstructional Leadership and Leadership for Learning in Schools(pp. 49-73). Palgrave Macmillan, Cham. Hunt, R.A., Lerner, D.A. and Townsend, D.M., 2019. Parental endowments versus business acumen: Assessing the fate of lowātech, serviceāsector spinouts.Strategic Entrepreneurship Journal,13(4), pp.478-506. Joyce, P., 2016. Public sector strategic management: the changes required.Strategic Change,13(3), p.107. Mahmood, Z., Basharat, M. and Bashir, Z., 2018. Review of Classical Management Theories.International journal of social sciences & education,2(1). Kitana, A., 2016. Overview of the managerial thoughts and theories from the history: classical management theory to modern management theory.Indian Journal of Management Science,6(1), p.16. Webb, K.E., 2019.The coach model for Christian leaders: Powerful leadership skills for solving problems, reaching goals, and developing others. Morgan James Publishing. Zeike, S., Bradbury, K., Lindert, L. and Pfaff, H., 2019. Digital leadership skills and associations with psychological well-being.International journal of environmental research and public health,16(14), p.2628. Mladenova, T., 2019, May. A project managment system for time planning and resources allocation. In2019 42nd International Convention on Information and Communication Technology, Electronics and Microelectronics (MIPRO)(pp. 1299-1303). IEEE. Rehse, J.R., 2019Leveraging artificial intelligence for business process management: A contribution to reference model mining, predictive process monitoring and process discovery(Doctoral dissertation). Wei, J. and Liu, Q., 2020, January. Research and Practice on the Operation Mode of Business Professional Associations in Higher Vocational Colleges Based on the Cultivation of Artisan Spirit and Entrepreneurship. In2019 International Conference on Education Science and Economic Development (ICESED 2019). Atlantis Press. Cameron, E. and Green, M., 2019.Making sense of change management: A complete guide to the models, tools and techniques of organizational change. Kogan Page Publishers. Tang, K.N., 2019. Change management. InLeadership and Change Management(pp. 47-55). Springer, Singapore. Ardley, B. and McIntosh, E., 2019. Business strategy and business environment: The impact of virtual communities on value creation.Strategic Change,28(5), pp.325-331. Zehir, S. and Zehir, M., 2020. Internet Of Things In Blockchain Ecosystem From Organizational And Business Management Perspectives. InDigital Business Strategies in Blockchain Ecosystems(pp. 47-62). Springer, Cham.