This report focuses on various management theories that are used by successful organisations and also discussion has been done on various styles of leadership. This statement discusses the role of leader and manager in McKinsey & Company and how they contribute to improving the efficiency of business operations. Following areas are addressed:
- Provide a comparison between the role of leader and function of the manager of McKinsey & Company
- Evaluation of the application of role and function of leader and manager in the company.
- Suggest appreciating the role of management in an organisation.
- Evaluation of the relationship between leadership and management in McKinsey & Company.
Operations management is considered as one of the important areas through which the whole process of production has been carried out in best and effective manner (What is Operations Management?, 2014). Further activities covered under it are used for controlling and managing overall output of business which help in achieving the objectives of business (Botton, Cavalletto and Marmeggi, 2013). Further efforts of management operations is generally put so that organisation is able to achieve their desired results and outputs in effective and efficient manner. Basically under operations management main task is related to production and end with distribution of goods and services to end user on stated time period. Apart from it the main areas which are covered under it is related to process of production, managing quality and creation of service in such manner that give satisfaction to costumers. Under this assignment the company which is preferred I.e. MC Kinsey which is UK based management consultancy firm that conduct both the qualitative and quantitative analysis that help in taking management decisions for both public and sectors. Further it discuss about the compare role and characteristic of leader and manager, leader role and function of manager, different approaches model of approach and all the factors that affect the business environment which impact on operational management.
P1 Define and compare role and characteristics of leader and manager
In the each and every organisation, leader and manager play vital role in the development and growth of the company. In the business they have more responsibility and duty to capture large number of market share.
Manager is responsible for formulating policies, strategies and procedures in accordance with nature and type of business along with undertaking the most critical task of allocating limited available resources to each departments as per their requirements (Expósito and et. al., 2016). They have more responsibility for providing training and development to the employees. Thus, it help them to increase their basic knowledge and skill on particular matter.
Leaders is another important person in the organisation, they play critical role in rendering accurate guidelines and direction to the workforce. With the help of this they easily complete all task and activities in given time period. They play vital and necessary role in the success and development of company.
Both person has different role and characteristics in the organisation which are explained as below:
Role of the manager: There are different role of the McKinsey & Company manager to provide effective training and learning to the staff members. There are some roles which are take by the manager are determined as below:
Provide effective training: It is one of the main role of the manager is to provide effective training and development to the workforce. So that they can easily maximise their skills and knowledge. It will help them to improve their performance and motivation level.
Risk Control: It is another role of the manager which is important for the business to maximise their sales and revenues. In this manager is responsible for taking any kind of risk and difficulties in the organisation (Eyal and Haim Clarizen, 2014). In this they use different tools and techniques which help them to attain maximum amount of the capital.
Characteristics of the manager: There are different quality and characteristics of managers which is essential for them to deal with difficult situation in easy manner. Some characteristics of the manager are identified as below:
Personal characteristics: It is one of the main and foremost skill which assist them to motivate their staff members. Motivated workers are capable to accomplish long term objectives and goals in limited time period. Confidence level of the manager is also essential to make an effective decision about business success and growth.
Communication quality: It is main characteristics of the manager to easily communicate all information to the employees. Thus, it reduce the conflict among entire workforce. With the help of this quality they easily maintain long lasting relationship with employees.
Role of the leader: Leader is the main person in the enterprise which play vital role in providing accurate guidelines to the workers. Thus, it assist them to complete all tasks and activities in alloyed time period (Handschin and Petroianu, 2012). There are some roles and responsibility of leader which are determined as below:
Maintaining discipline: It is first and main role of the leader which is important for them to maintain all situation easily. In this leader provide proper direction to their employees thus they are able to deal with complex situation in systematic manner. It help the business to maintain coordination among entire employees who are working in McKinsey