Enhance New Strategies for business Growth Operations and Functions-TK Maxx

Organization Selected : TK Maxx

INTRODUCTION

Operational management is a method to identify the actual requirement of business operations and functions. This system is deals with the controlling and designing of new strategies for growth and development. They performing different function to increase their value in marketplace. Manager is the important person to performs different roles to enhance their business all over the world. They influence or motivates to their employee towards their goals and objectives. This report discuss about the various role and responsibilities towards the business operations and functions. Henry Fayol principle introduced for the development of leadership style as well as management system. This report will determine different factors that would affect the operational management.

TJMaxx is the fastest growing organization to use different technology to enhance their business all over the world. Store manager is plays important role for growth and development because they planning an innovative idea for increase their productivity and profitability in marketplace.

TASK 1

a) Differences and Similarities between leader and manager their specific role and responsibilities towards the organisation

Leader- A Leader is the most important person to convince to their employee towards the growth and development. A Leader is good person who always influence or motivate to their employee towards the goals and objectives. They have ability to increase the business operations and functionality all over the world. TJ Maxx hire talented people who has capabilities and skills to understand the needs of customer.

Manager- He is also very important person to handle all business activities and operations in proper manner. A leadership quality is essential part of organization to gives all directions to their employee (Kato, 2014). A leader has always concern about the goals and achievements of organization. TJ Maxx is very popular organization to manage their business operations with the help of manager. They also take some important decision related the business and employee. They have responsibility to provide guidance for employee and creating an effective relationship between employee and organizations. Manager and leader always maintain the relationship between them. For growth and development, they are playing an important role to enhance their business as well as functionality.

Leader

Manager

Leader makes a special vision- A leader mainly focused on specific vision to achieve their objectives. They inspire to their employee towards the business development. They try to turning from vision to the reality.

Leader always take risk-A good leader always try to take a risk in his work. They fail on their task therefore, they know how to manage the business planning and establishing all over the world (Bealkowski and et.al., 2015).

Leader build relationship with employee- A good Leader always build an effective relationship with their employee. They motivate or influence to their employee for development.

Leader always flexible to adopts a new technology to increase their business for growth and development.

Manager makes unique goals- Manager is planning an effective strategy to achieve their objectives. They are mainly focused on measuring the business process and their goals.

Manager try to control the risk- Manager is try to reduce the risk on the business operations. They avoid the problems and issues in the organization. It will promote their product in market effectively and efficiently.

Manager build relationship with whole management system- Manager coordinates with the whole process and system. They mainly focus on to analysis the whole business process and work with the individual goals and objectives (Chand and Tung, 2014).

Manager has focus on particular goals and objective. It identifies the business need and planning a new strategy according to the customer requirements.

b) Manager performing different functions according to the Henry Fayol principle

This principle is very important for organization that planning an effective strategy to performing different functions. Henry Fayol is the most successful engineer to design a new strategy according to their experience. This principle is helpful for organization to improving their performance of business process in proper manner.

Planning- This is the first stage of organization to planning a new business process according to this principle, this is helping in the future scope as well as draft a plan to the needs in the organization. They performing various type of tasks and challenging issues. TJ Maxx is a leading organization to planning the strategies according the resources that require for business development (Hatziargyriou, 2014). TJ Maxx organization use essential resources to increase their business in other country.

Commanding- Manager is the important person to command their employee related the tasks and performance. Manager always motivate to their employee and communicate in efficient manner. They provide all the information related the tasks and challenging issues in the business development. if the manager is not properly provide command to their employee which are not completed their task in proper manner. This is very important part of organization to provide the correct and right information to their employee.

Organisation- Each and every organization conducting an efficient planning to divided all the employee into different departments according to their knowledge and skills. This is very important for organization. TJ Maxx organization helps to their employee to perfectly completed their task. All the departments works individually to perfoms different tasks such as promotions, production, selling and distribution in the company.

Coordinating- This is essential process to performing different activities all the departments individually. They maintain the coordination between the employee and management system. It is very helping for TJ Maxx to do their work on right time and avoid all the distractions as well as confusion. This process communicate with the employee to clear their doubt regarding the business operations. An effective planning require for business development to increase the cost of resources and cost (Wirtz and Ehret, 2015). On the other hand, lack of communication is affect the business operations and can not achieve their tasks.

Controlling- This is the last steps of organization to identify the performance of worker according to these principles. Manager is measure the requirement the resources that are applicable in the business development. Controlling is a process to require each and every organization to handle the tasks in proper manner (Liu and Liu, 2016). This process is deals with all the system in effectively and efficiently. It deals with the backwards process as well as forwards process.

c) Different models and theories, including situational leadership, systems leadership and contingency

There are different type of models and theory uses to enhance their business all over the world. This theory is applicable to encouraging the team member because they motivate towards their specific goals and objectives.

Situational leadership- This theory is basically uses in the business development that has some specific assumptions to control the critical situation. This approach is helping for organization to adopts and effective style to change their business environment according to the requirement of business. This approaches depend upon the situations in which what type of challenging issues and problem occurs in the organization. As per theory, it determines the actual needs of business to changing their leadership style in growth and development. A good leader has effective quality to convince to their employee towards the growth. This is the crucial part of organization. TJ Maxx organization also handle this critical situations in proper manner. They use different approaches to improving the quality of services in marketplace (Ferraro and Briody, 2017). Every business start with their specific role and functions to move their actual goals and objectives. Situational leadership is quality that located in the efficient leaders that has skills to easily understand the problems in business environment. Manager is try to use this approach to solve the problems in proper manner.

For example- According to TJ Maxx, Manager provides the guidance regarding the business and their operations to their employee. Each and every organization enhance their business with the help of employee because they try to achieve their goals and objective for growth and development. A leader has handles all the critical situations in effectively and efficiently.

System leadership- System leadership is essential of organization to manage the business operations in proper manner. An effective leader and Manager communicate with the other employee to determines their opinion regarding the organization. In this way, it will easily identify the capabilities of each and every employee that would be divided according to their skills. Manager is putting their new ideas towards the business operations for development. This approach is manages the entire business process and activity. TJ Maxx would be recruiting the knowledgable employee to putting some efforts to increase the profitability in marketplace. For Example- TJ Maxx is a leading organization to manage all the information by manager and leader. They are handles all the situation in effectively and efficiently (Peng, 2016). Most of the companies are using new technology to remove all the threats in the business process. This organization is also uses new technology to increase their speed and efficiency.

Contingency leadership- Contingency theory is the best idea for organization to achieve the success with the help of leaders. This factor is important for organization to completion of their tasks on time. This idea is use leader to control the business situations in order to outline the specific goals and objectives for specific. An effective leader has ability to identify the important resources to completing their tasks. This theory applied when the organization has performing various tasks. For Example- TJ Maxx company also use this leadership theory in every steps of business to complete their project in proper manner.

TASK 2

1. Different approaches in business operation's management to identifying the role of store manager in TJ Maxx

TJMaxx is using different approaches and strategy to performs different tasks for enhance their business all over the world. The operation management is the system that has follows some specific rules and regulation to managing all departments. They have specific purpose to increase their business in other countries. This organization is using different approaches to develop an effective plan for growth and development.

There are different type of approaches useful for business operations to control all the functions ineffectively and efficiently.

Lean manufacturing approach- This approach is very helpful for company to increase maximize the product value in market. They provide all type of product and services to their customer in low rate with high quality of services. This is the best approach to applied in the business operations such as manufacturing, production etc. It also improves the quality as well as remove all errors that occurs at the time of executions. This approach is increase the process of business that managing all the operations and activity.

Just in Time- This is important approach to planning an effective strategy to maximize the efficiency of product and reducing the waste products. TJ Maxx has planning in order to supply product with the help of production department to set the specific time to managing all the business requirement. This approach provides the accurate product in marketplace. This approaches control the various tasks such as production running for short period and manufactures also move from one product to another (Hill and et.al.,2017). They spend very less money on the raw material. This method is also reduces the cost of warehouse that require for product storage.

Total quality management- This approach is use for long term plans to fulfil the need of customer. This is the best approach to improving the services, performance, product and culture etc. All the team member try to remove all the issues in the business process because they mainly concern about their improvement. Manager has planning a strategy to integrate the quality of services in marketplace. This is the best process to improve the performance of employee.

Business process re-engineering- Business process re-engineering is the best approach to changing the management system. The main aim of this approach to analyse all the business workflows between the companies and optimize end to end process. It eliminates all the task and can not provide the customer satisfactions. This approach is requires for modification in business development because according to trends, the demands has been change and again planning for growth and development.

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2.Different role as a store manager in TJ Maxx with example of an operation's manager

Manager is plays important role in business process to controlling the entire activity in proper manner. This organization is hire the talented people to helping for growth and development. The store manager is using different approaches to increase the performance of business development. TJ Maxx is a leading organization to manage all the information with the help of manager. They have role and responsibilities towards the organization.

Planning an effective strategy- Manager of TJ Maxx is planning an effective strategy for growth and development. They are planning an innovative idea that would be helpful for growth and development. Store manager provides is focus on their product services to check the availability of product details with the help of planning. Manager try to convince their employee towards the growth and development. Planning is very important for each and every organization to increase sales and productivity in marketplace.

Resources management- The manager of TJ Maxx provides all important raw material that require of business development. This organization is performing different functions and operations such as product purchase Details, supply chain etc.

Targets meetings- Manager is responsible to make sure that provides all safety and security of their employee. They provide all the services and facilities regarding the product details and guarantee of items. They planning according to the need of customer and then fulfil the need of clients. TJ Maxx organization hire the right person as a store manager that are taking all responsibilities for business development.

Goal setting- The manager of organization should be planning different strategies and always move towards the goals (Aronczyk, 2013). This is the most important thing to identify the resources that require for business development. For Example- TJ Maxx is the organization that has specific goals and objectives which is helpful for business activity. This goal is important becasue in this way, it will increase their profitability in marketplace.

Communication skill- According to TJ Maxx, the manager is plays important role in growth and development. They communicate with other employee to provides all important information related business and product.

3. Importance of operations management at TJ Maxx of Store manager

Operations management is the best part of organization to performs different challenging tasks such as maintain the product information, resource management etc. TJ Maxx is the organization to managing all the operations that performs in each department in effective ways. There are various importance in the business operations discuss in given below:

Staffing and training- Manager of organization is influence to their worker to develop an effective in market that would be helpful for customer. Training and development is use for improves their skills that helping for organization because they putting new ideas for development and increase their productivity in marketplace. Manager builds a strong coordination between the employee and management system. They are using different policy such as training and development sessions, appraisal etc.

Influence profit- All the profit regarding information store by financial manager. They manage all the information in proper manner and try to achieve their goals and objectives. This is important for organization to increase their profit in marketplace.

Selling and merchandising- the selling information manage by the commercial manager to provides an effective product services to the customer.

4. Identify factors that can have an effect on the operation's management for TJ Maxx

TJ Maxx is the best organization to enhancing their business process with the help of manager because this is the backbone of every organization to handle all the situations in proper manner. There are some important factors discuss in following ways:

Economical factor- Economical factor is affect the condition of business like reduces the growth rate, exchange rate, inflation etc. This factor is important that has to be directly affect the macro and micro environment. This factor is provides much better facilities to their customer satisfactions. In this way, they import the product in very low cost.

Social factor- Social factor is affect the social culture and traditional which are provides facilities and services in other areas like distributions, career related, health consciousness etc. this factor is important because most of the people already follow their traditional culture.

Technological factor- TJMaxx is the organization that use new technology for enhancing their business in other countries (Piekkari and et.al., 2014). Every organization uses new technology to increase the performance of business as well as process. Most of the organization is use this technology to improve quality of product that would be helpful for growth and development.

5. Factors impact upon your decision making as a store Manager in TJ Maxx

There are important factors that impact on the decision marking in the organizations discuss in given below:

Missionary goals- Nowadays, there are very so much competition in marketplace because the customer demands increases in day by day. The organization should have change their style and pattern because it is necessary of organization to maximize their profits value in market. Get Case study help at the lowest price with Experts Writes of Australia.

Economical value system- They have specific criteria to solve the any problem and issues in effective ways. Most of the organization are making their own rules that would be helpful for growth and development.

Governmental factor- TJ Maxx follows some rules and regulations in the business development because they maintain the relationship between the employee and management system. It also improves the job opportunities that would be helpful for business development. The government passed this rules for the welfare for human because they understand their equal rights that helpful for their growth and development (Laudon and Laudon, 2013).

CONCLUSION

For More Visit: Impact of Management and Leadership in an Organisation-Asda

This report is analyses the similarities and difference of leaders and manager because both are important part of organization to manage their business operations. This report is using different approach that would be helpful for growth and development. There are different theories and approach applicable in business process to improve the performance and growth of organizations. They also determine actual requirement of business process and activities. There are important factors that impact on the business decision making in the organization. It also discusses about the different operation's management approaches to handle the business operations in proper manner.

REFERENCES

  • Kato, K. Nec Corporation, 2014.Operation management device, operation management method, and operation management program. U.S. Patent 8,700,953.
  • Bealkowski, R and et.al 2015.Virtualizing baseboard management controller operation. U.S. Patent 9,021,472.
  • Hatziargyriou, N. ed., 2014.Microgrids: architectures and control. Wiley/IEEE Press.
  • Liu, Z. and Liu, S., 2016, July. Operation support of Beijing metro automatic fare collection system clearance house system. InLogistics, Informatics and Service Sciences (LISS), 2016 International Conference on(pp. 1-4). IEEE.
  • Ferraro, G.P. and Briody, E.K., 2017.The cultural dimension of global business. Taylor Francis.

INTRODUCTION

Operational management is a method to identify the actual requirement of business operations and functions. This system is deals with the controlling and designing of new strategies for growth and development. They performing different function to increase their value in marketplace. Manager is the important person to performs different roles to enhance their business all over the world. They influence or motivates to their employee towards their goals and objectives. This report discuss about the various role and responsibilities towards the business operations and functions. Henry Fayol principle introduced for the development of leadership style as well as management system. This report will determine different factors that would affect the operational m

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