This paper gives a critical analysis and discussion of Michael Hills International with a view of determining the role of leadership, motivation and organizational culture in its success within the jewelry business. The paper also provides the internal and external forces which define the company’s success…
Download full paperFile format: .doc, available for editing
Download file to see previous pages
Proper leadership has played the leading role in the success of Michael Hill’s jewelry business. The company has been able to overcome the challenges and setbacks within the business environment due to proper leadership and organizational culture. Michael Hill has grown internationally and become a leader in jewelry retailing within its regional markets. A transformational leadership style is applied within the company and it acts as a driving force to the achievement of company objectives and goals. Transformational leadership style has allowed the leadership of Michael Hill to understand and meet the diverse needs of employees. The motivation within the company is due to competitive compensation package that is provided to employees. The company has also been able to meet the various needs of the employees as postulated within Maslow’s theory of motivation. This has led to a highly motivated workforce. Political, social, cultural, economic and environmental forces are some of the factors which have defined and determined the company’s success within its various retail stores across the world. A culture of success and values for high performance characterizes the company, which can be attributed to the competitiveness of the company through its ability to meet the needs of its customers.
Section 1: The Organization
Michael Hill is a jewelry chain which operates its retail business in Australia, Canada, the US and New Zealand. The company has more than 2000 employees across its 240 jewelry retail stores across the world. The headquarters of Michael Hill International are situated in the city of Brisbane, Australia. Michael Hill started the company in the year 1979 (Jewellery World, 2011). Since then the company has grown significantly. This is due to the dedication of the company’s leadership which has enabled it to overcome the inevitable challenges within its business environment. The success of the company is also attributed to the fact that it provides its customers with unique jewelry products and high quality formulae (First10, 2012). Furthermore, the company provides a variety of designs for its retail stores and a wide range of jewelry products, which makes it attractive to the customers. More significantly, there is the commitment of the company to branding and advertising its jewelry products and services (Jewellery World, 2011). Michael Hill International has a decentralized organizational structure in which the national subsidiaries are headed by the regional managers who define the nature of regional operations. Nonetheless, Michael Hill who is the chairman of the company, acts as the overall head or leader of the company (First10, 2012). The decentralized structure of the company demonstrates its organic nature. The organizational structure also makes the company be able to adapt to the different business environments and the forces within regional markets. This is in line with the decentralized functions such as marketing, branding and competitive strategies. The company is, however, guided by the common mission: to be the most recognized by people and focused
...Download file to see next pagesRead More
Cite this document
(“Michael Hill Stores Assignment Example | Topics and Well Written Essays - 1750 words”, n.d.)
Retrieved from https://studentshare.org/management/1456272-michael-hill-stores
(Michael Hill Stores Assignment Example | Topics and Well Written Essays - 1750 Words)
“Michael Hill Stores Assignment Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/management/1456272-michael-hill-stores.
The key objectives of high quality and low cost govern the design, manufacture, transportation, sale and assembly of IKEA products (Ikea.com. 2012). The guiding vision is the personal quest of Ingvar Kamprad, founder of IKEA. Kamprad hails from the Smaland province in southern Sweden, where natural resources are scarce, people work hard and live frugally.
Following the conventional marketing report, it also analyzes the situation and position of the firm, evaluating the market segment and competitiveness of the business. In addition, the report analyzes the firm’s business and marketing strategy, including the marketing mix of the company (Hill, 2012a).
9 Consumer Behaviour - the applications of the internet on addressing the Internet Exchange Process 10 The applications in the internet environment 11 Segmentation and Targeting Strategies 12 Design the offer, value, distribution, communication, and market/partner relationship strategies 13 Objectives (measurable) (learning outcome 2) 14 Identify general goals flowing from e-marketing strategy.
This is done to ensure free feedback from clients, and to enable the staff or colleagues to understand the store’s policies, goals and objectives in order to be more motivated and enthusiastic about the store leading to increased output and profits. Asda also focuses on transparency of its activities both to stakeholders and colleagues.
These factors affect Masters Home Improvement Stores, which is recent an Australian store retailing home appliances to customers. Part 1Marketing Environment Analysis– Micro Trends Competitors The marketing environment is becoming very competitive and there are issues which must be considered.
Wal-Mart Stores Inc is recognised as one of the renowned American multinational retailer operating successfully, since 1962. Being headquartered in United States, it operates in more than 15 countries in about 8,500 stores in the entire globe.
A strategic audit of the firm will require access of the company’s books of accounts that is economic data from annual reports, market data and financial disclosures. Among the tools relevant for the audit include financial ratios, porter five forces
Coordinating individuals as well as groups group of people to achieve the common set objectives makes sure that tasks are achieved with utmost convenience. This paper will highlight the major roles of groups, especially at the management level, in
The researcher of the paper claims that Michael Collin’s weakness is that he has very little concern for his people. He regards the people opening up the issues of the company to him as a rumor mill and a rant. He finds it intrusive of his time and regretted the amount of time he spent listening to workers.
3 Pages(750 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Michael Hill Stores"
with a personal 20% discount.