Table of Contents
2.0 History and summary of the business and rationale for choice.
2.1 History and summary of the business.
2.2 Rationale for choosing this company.
3.0 The vision, leadership styles, management practices, and various strategic plans for Greggs.
3.1 Vision of Greggs.
3.2 Leadership style of Greggs.
3.3 Management theories.
4.0 Analyze how vision, leadership, management, strategies have been achieved and implemented in Greggs
5.0 Recommendation for Greggs.
This assignment is about the context of business. Firstly, this assignment describes the company overview of Greggs. Greggs plc is one of the most famous and well-known food retailer bakery shops in the United Kingdom. Secondly, it describes the rationale of the company. Then, it describes the different leadership styles. Then, it describes management theories. It also explains how the Greggs implement the leadership style and management theories. It also describes the recommendation for the Greggs Company.
2.0 History and summary of the business and rationale for the choice
2.1 History and summary of the business
Greggs plc is one of the most famous and well-known food retailer bakery shops in the United Kingdom. There are different types of products and services provided by Greggs (Greggs, 2019). Greggs provides different ranges of products, such as, bakery goods, drinks, sandwiches etc. To its wholesale customers, the Greggs Company sells frozen bakery products. The Company has one manufacturing center, one distribution center, 12 regional bakeries and 1699 shops (Greggs Annual Report, 2018). Greggs also has about 107 franchised shops in different locations and in different places. Greggs Company also provides foods, such as, sandwiches, breakfast items, soups and salads, pasta, snacks, platters, bread, drinks etc. It has more than 105 franchising stores in different locations and areas. They sell their products to the general public and customers and several certain organizations (Greggs, 2019).
2.2 Rationale for choosing this company
Greggs is one of the most leading firms in the retail industry. Greggs Plc contains abundant strengths which support it to flourish in different marketplaces. These organizational strengths not only support it in order to defend the share of the market in obtainable companies and markets but also support in stabbing new markets (Greggs, 2019). Greggs Plc has made new know-how at entering in the new marketplace and achieving accomplishment of the marketplaces. The development of the organization has supported the company in order to create more flow of the revenue as well as expand the cycle of the economy menace in marketplaces it works or do business in (Greggs, 2019). It has flourishing improving the new products successful track records, which is an innovation of different products. Greggs also has a strong network of product distribution. Greggs Plc has made a dependable product distribution network that may arrive at many of its impending marketplace (Greggs, 2019).
The company also maintains Free Cash Flow. Greggs Plc maintains strong free cash flows which give possessions in case of organization in order to enlarge into other or innovative projects. Automation of activities brings reliability to product quality of Greggs Plc and has made able company order to scale down and scale up relied on conditions of the demands in the marketplace. It gives knowledgeable and skilled personnel or workforce throughout successful programs of learning and training. Greggs Plc has been investing a big amount of resources in employees’ development and training programs resultant in personnel or workforce which is not highly knowledgeable and skilled but also inspired and motivated in order to gain more. Greggs has also a flourishing track record of incorporate admiring organizations throughout acquisitions and mergers (Greggs, 2019). It has productively implemented different technologies in previous years to modernize its business operations and to make a consistent company supply chain. Greggs Plc has invested in creating a company brand portfolio. This company brand portfolio may be tremendously helpful if a company needs to increase into categories of new products.
3.0 The vision, leadership styles, management practices, and various strategic plans for Greggs
3.1 Vision of Greggs
Kolowich (2016) said that a vision of a company defines where this company wants to be to achieve its mission. On the other hand, a vision statement defines where a company desires a community or a world, to be provided the best services to the company. The vision of Greggs is “To be a winning brand in the food-on-the-go market driven by a brilliant team who are passionate about providing our customers with great tasting food at great value”.
3.2 Leadership style of Greggs
Leadership style is the approach and manner of implementing plans, giving directions and inspiring company people (Francis, 2019). As observed by staff or employees, this includes a whole outline of implicit and explicit actions acted by leaders (Cherry, 2019).
The autocratic leadership style is boss-centered. The leader maintains all types of responsibility as well as authority in this leadership style. All leaders are engaged in making decisions on their individuals without discussing with the assistants in this leadership style. They make decisions, make communicate with their subordinates and suppose timely implementation. Autocratic democratic leadership style has no flexibility (Francis, 2019)……………………..
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