Leadership and Management Theories Applied by Marks and Spencer Ltd.
There are many leadership and management theories applied by Marks and Spencer Ltd. in their business operations. The management and leadership theories which are used by the organization are given below:
Contemporary Theory of Management
Marks and Spencer Ltd. use contemporary management theory to deal with higher production costs in the current situation. Managers of the organization try to reduce the cost of raw material by negotiating with suppliers (Giuliani and Kurson, 2007). The leaders motivate the employees to cope up with new suppliers and maintain their performance outcomes.
Management by Objective (MBO)
Organizational objectives are achieved by employees and managers of Marks and spencer with their combined effort. Here …