StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Concept paper - Assignment Example

Comments (0) Cite this document
Summary
Most of the retail companies today expect their managers to handle the dual role of a manager and a leader. The requisite training,…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.9% of users find it useful
Concept paper
Read TextPreview

Extract of sample "Concept paper"

Running Head: QUANTITATIVE STUDY ON RESTRUCTURING LEADERSHIP Quantitative Study on Restructuring of Leadership Training in Retail Management [Course]
[Professor’s name]
[Date]
Quantitative Study on Restructuring of Leadership Training in Retail Management
The presence of competent leaders is a bare necessity in the modern retail industry and an essential pre-requisite for its sustenance and growth. Most of the retail companies today expect their managers to handle the dual role of a manager and a leader. The requisite training, however, is not provided by the companies to their managers. This results in a gap in their performance as they attempt to perform their role as a leader. (Boak, 2001) The context of my study is to evaluate the need for the restructuring of leadership training in retail management.
The need for able leadership in the retail sector was upheld in the ‘Retail Davos’- the Retail Leadership Forum held on the 13th and14th of September 2011. This event hosted by the global business advisory giants like Goldman Sachs, Korn/Ferry International and OC&C Strategy Consultants, discussed the role of leadership in the modern era of retailing. According to the speakers at the forum, the retail leaders in future will require “a new set of leadership skills in order to adapt to the changing dynamics in the fact paced industry.” (Harrison, 2011) This has become a pressing issue on the regional as well as global level. And this is what makes this research problem a matter of substantial business interest.
Problem
In the present business era marked by fierce competition, many global and local retailers are awakening to realize their most critical survival challenge in the forthcoming years. Already caught in the cobweb of competition, pricing, consumer preferences and global extension, the new challenge that has baffled the retail industry is the need for competent leaders. (Florida, 2006; Higgs, 2001; Stalk, 1992) The retail heads across the world have understood that in order to achieve successful organizational growth, it is vital to find and engage the right leadership. (Lengnick-Hall, 2003; Shim, 2002) Studies in retail leadership conducted by Korn/Ferry in collaboration with the World Retail Congress have shown that the lack of right leadership talent can severely affect the development and expansion of retailers, thereby hampering their business growth. (Morel-Curran, 2008) My study looks forward to critical evaluating the need for restructuring of leadership training in retail management. The research methodology to be used is a quantitative study with a quasi-experimental design and the method to collect data will be through surveys.
Purpose
The purpose of the study is to critically evaluate the need for restructuring of leadership training in retail management and to suggest a few ways of doing the same. The central idea is to study the phenomenon by surveying the opinions of the people from the industry on this issue. Based on their opinion and a parallel overview of the studies conducted in this domain, a need analysis will be done for leadership training in retail managers. The different variables that affect the performance of managers as leaders will be examined and based on that a set of ways to impart the requisite training will be suggested. By doing so, we will be able to identify the gaps that exist in the current leadership practices amongst retail managers. This will help them to watch out for ways to overcome the current inadequacies and devise the much needed strategies to improve upon their business performance and organisational growth.
Research Questions
The broad purpose of this study is to critically evaluate the need for restructuring of leadership training in retail management and to suggest a few ways of doing the same. For the sake of better analysis and greater comprehensiveness, the research problem has been fragmented into two main research questions that will guide this study.
RQ 1 RQ 2
RQ1: Do the current trends in the retail sector indicate the need for restructuring of leadership training in retail management?
H10- The current trends in the retail sector do not indicate any need for restructuring of leadership training in retail management.
H1a- The current trends in the retail sector significantly indicate the need for restructuring of leadership training in retail management.
RQ 2: Will restructuring of leadership training have any positive impact on the performance of retail organisations?
H10- Restructuring of leadership training will have no positive impact on the performance of retail organisations.
H1a- Restructuring of leadership training will have significant positive impact on the performance of retail organisations.
Methodological Approach
Research Method
A study of the trends in leadership in the retail sector, in the past and the present times, will enable us to track the changes that have crept into the sector over the decades. This will lay down the foundation for conducting consequent research on the need for competent leaders and their role in the growth and performance of a retail business. This will be corroborated by the opinion of the experts from the retail industry, obtained through the surveys. The results of the undertaken survey, together with prior research in this field will be alluded to in order to suggest ways of restructuring and improving leadership training in the retail organisations.
Research Design
The research design to be used in this study is a quasi-experimental method. It will be based on a quantitative methodology and the method of data collection will be through surveys. The questionnaire for the same would be devised keeping in mind the current leadership trends in the retail sector and the growing need for leadership training. The quantitative method will be used as it will provide a more concrete and measurable evaluation of the need for restructuring of leadership training in retail management. This will be supported by a qualitative assessment of studies and research already existing on this subject. Thus a coherent and balanced stance that would combine both the former and present-day parameters would be ideal for the purpose of this study.
Sample
The group of respondents who will be approached as part of this research will consist of 60 people who are a part of the retail sector for not less than 5 years. The population will be a mixed composition of persons who have worked as executives, managers and leaders in the retail sector for a substantial period of time. The selection of respondents will be done through a stratified random sampling technique, to ensure that there is a balanced distribution of respondents from different tiers of organizational structure. This will ensure that the survey effectively collects data from different segments of an organization and thus accumulates a comprehensive set of opinions.
Data Collection Instrument
The various channels that will be used to collect data from the respondents will include surveys- both offline and online, face to face interviews, telephonic interviews and interactions over emails and online chats. The whole purpose of this activity will be to collect as much data as possible within as less time as possible. Since all the respondents will be working professionals currently engaged in the retail sector in key positions, it will be really hard for them to give me adequate time. So in order to facilitate the procedure for both ends, I would use a combination of online and offline modes of data collection.
Contribution to Knowledge
The retail companies and training firms all over the world have accepted the current need for leadership training of their managers ranging from the store managers to the assistants and the leads. (Mohr Retail Website) For instance, Apple Inc. has planned to bring in a major restructuring of its retail stores in 2014-15. (Gurman, 2014) In keeping with the need of the times, many studies have been conducted by earlier researchers that have slightly hinted at the need for leadership training in retail. However none of them have specified what needs to be changed in the current state of things, who are the people who need to be trained and which are the parameters that should be addressed by such training. These gaps in prior research will be addressed in my research.
Review of Relevant Scholarship
Criteria for Selecting Relevant scholarship
As my study is meant to be supported by a qualitative assessment of scholarly work already existing on this subject, I have reviewed some of the literature developed in this field of inquiry. Review of the existing literature on this issue would help me perform my ground work and gather some background idea and information before I delve into my specific research problem.
Extension of Theory and Practice
My study will be based on a global research of best practices in retail. The results of my research and the conclusions derived from it will help the retail organizations to frame training strategies for employees who handle supervisory functions or are involved in direct dealing with customers. The recommendations would help the retailers to devise training techniques focused on changing individual behaviors which will influence the entire team. The resulting changes in leadership stance across the sales, service and operational verticals will be instrumental in driving organizational performance and stimulating organizational growth. (Hampton, 1986)
Rationale for Groups Studied
Derek Stamoulis (2010), as part of his study on “Critical Leadership Attributes”, has conducted a survey of retail industry stakeholders to extract their opinion on the critical leadership attributes and skills. (Stamoulis, 2010) Stuart Gilson (2001) in his book “Creating Value through Corporate Restructuring” has examined the challenges faced by the retailers when they attempt to launch a restructuring program. (Gilson, 2001) Cairns et al in (2010) in their article in the European Business Review have explored the role of leadership in corporate restructuring phase for retail organizations. (Cairns et al, 2010) Most recently, McNulty (2013) in his “Learning the Leadership Lessons of Retail” has asserted that “… it isn’t just the physical environment or the merchandise; it’s the people” who need to be restructured from time to time in order to propel business towards growth. (McNulty, 2013)
Summary
Nowadays in the retail sector, the role of a manager has been largely outstretched. It no longer is limited only to the traditional tasks of managing, supervising and controlling, but has moved beyond that to include the task of leadership as well. But for the development of leadership skills, both general and industry-specific, proper training and guidance is very important. The same view has been upheld by existing research and literature on the subject. The survey that will be conducted as a part of my study will further corroborate these theoretical evidences and fortify their validity. The resulting inferences will be insightful in framing new strategies and policies for the leadership training of managers in the retail sector.
References:
“Retail Store Leadership”. Mohr Retail Website. Retrieved from: http://www.mohrretail.com/training_programs/Retail_Store_Leadership
Boak, G., & Coolican, D. (2001). Competencies for retail leadership: accurate, acceptable, affordable. Leadership & Organization Development Journal, 22(5), 212-220.
Cairns, P., Quinn, B., Alexander, N. & Doherty, A.M. (2010) "The role of leadership in international retail divestment", European Business Review, 22 (1), pp.25 – 42.
Florida, R. (2006). The Flight of the Creative Class: The New Global Competition for Talent. Liberal Education, 92(3), 22-29.
Gilson, S.C. (2001). Creating Value through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups. John Wiley & Sons. 
Gurman, M. (2014). “Apple’s Ahrendts to oversee slew of new China, Italy, U.S. stores as organizational restructuring planned”, 9to5 Mac Apple Intelligence. Retrieved from: http://9to5mac.com/2014/06/16/angela-ahrendts-to-oversee-slew-of-new-china-italy-u-s-stores-as-restructuring-planned/
Hampton, R., Dubinsky, A. J., & Skinner, S. J. (1986). A model of sales supervisor leadership behavior and retail salespeople’s job-related outcomes.Journal of the Academy of Marketing Science, 14(3), 33-43.
Harrison, N. (2011). “Future retail leaders will need "new leadership skills" to meet multichannel challenges”. EMAP Publishing Limited. Retrieved from: http://www.retail-week.com/multichannel/future-retail-leaders-will-need-new-leadership-skills-to-meet-multichannel-challenges/5029210.article
Higgs, M., & Rowland, D. (2001). Developing change leaders: Assessing the impact of a development programme. Journal of Change Management, 2(1), 47-64.
Lengnick-Hall, M. L., & Lengnick-Hall, C. A. (2003). Human resource management in the knowledge economy: New challenges, new roles, new capabilities. Berrett-Koehler Publishers.
McNulty, E.J. (2013). “Learning the Leadership Lessons of Retail”. PwC Strategy & Inc. Retrieved from: http://www.strategy-business.com/blog/Learning-the-Leadership-Lessons-of-Retail?gko=ccf65
Morel-Curran, B., Remick, T. and Johnson, P.N. (2008) “The New Retail Challenge: Building leadership Capabilities”, Korn/Ferry International. Retrieved from: http://www.nacas.org/media/14123/Your-Store%E2%80%99s-Future-The-NACS-Leadership-Institute-.pdf
Shim, S., Lusch, R. F., & Goldsberry, E. (2002). Leadership style profiles of retail managers: personal, organizational and managerial characteristics.International Journal of Retail & Distribution Management, 30(4), 186-201.
Stalk, G., Evans, P., & Sgulman, L. E. (1992). Competing on capabilities: the new rules of corporate strategy (Vol. 63). Harvard Business Review.
Stamoulis, D.C. (2010). “Critical Leadership Attributes”. Service Skills SA and Leadership Learning Dynamics. Retrieved from: http://www.retailexecutive.com.au/files/278_v6_rxp_lld_leadership_report_151110.pdf Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Concept paper Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Concept paper Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/management/1652776-concept-paper
(Concept Paper Assignment Example | Topics and Well Written Essays - 250 Words)
Concept Paper Assignment Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/management/1652776-concept-paper.
“Concept Paper Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1652776-concept-paper.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Concept paper

Concept Paper

...? of the study Chapter Introduction A phenomenological research study methodology has been chosen to determine if the entrepreneurial successes and failures that have been statistically recorded can be influenced by involving a mentoring program. The idea that more than 50% of every new business venture fails within the first few years deserves to be addressed to find a solution that will alter these statistics to a more favorable outcome for novice entrepreneurs. The cost of starting a new business can be startling to those individuals who have not researched and prepared a business plan in advance. By interviewing 25 past and present entrepreneurs the information gleaned within this research may improve future business ventures... of the...
50 Pages(12500 words)Dissertation

APPLIED CONCEPT PAPER

..., which is the extent to which businesses tend to monitor and manage their activities in a way that leaves a positive impact on society as well as the environment as a whole. In addition to this, responsibility of top management to make decisions in a way that are in the best interest of stake holders and shareholders also adds a lot to the firm’s reputation and profitability. The decisions made should also be within the ethical framework. The paper will provide an analysis of the concepts mentioned above along with their implications in corporate world. Abstract The Corporate Governance Movement Daniel R. Fischel Copyright 1982 Vanderbilt Law Review This article is titled as ‘The Corporate Governance...
5 Pages(1250 words)Essay

Concept Paper

...?Running head: Signature Assignment Concept Paper Submitted to Northcentral Graduate Faculty of the School of Business and Technology Management in Partial Fulfillment of the Requirements for the Degree of DOCTOR OF BUSINESS ADMINISTRATION By Felix J. Ekpo Highland, California September, 2012 Proposed topic…………………………………..…………………………………………2 Introduction…… 2 Brief Review of the Literature …3 Statement of the Problem 5 Purpose of the Study 6 Research Questions 6 Hypotheses 7 Research Method 9 Research design………………………………………………………………9 Possible strengths and weaknesses………………………………………….9 Threats to validity…………….……………………………….…………….10 Operational definition of variables…………………………………………10 Construct……………………………………………………………………10 Measurements... head:...
9 Pages(2250 words)Research Paper

Concept Paper Template and Concept Paper Best Practices:

...?Concept Paper Template and Concept Paper Best Practices Introduction Concept papers are brief explanations of projects with the view of determining the effectiveness of a research or project proposal. The papers succeed in doing this by analyzing different aspects of the research or the project with the view of determining their cost effectiveness in achieving the goals of the same. They have an elaborate introduction in which they describe the project and provide an intricate background to the projects thus developing adequate information to aid understanding of the project or research. Among the most fundamental...
3 Pages(750 words)Research Paper

Concept paper:

...Concept Paper: Pain What do we mean when we say we are experiencing pain? Does the word ‘pain’ have aspecific meaning that is universally true for all? The problem with identifying what is meant when a person says he is experiencing pain is inherent in the fact that ‘pain’ is a symbolic word used to refer to an abstract idea or concept. Words such as health, hope, caring, grief, loneliness and pain are all examples of how language is used symbolically to refer to groups or classifications of thoughts, feelings and associations. The symbolic use of language is most easily understood in the context of a perception, in which the ideas being communicated can be expressed through concrete...
5 Pages(1250 words)Essay

Instructional Strategies Concept Paper

...Denny Clifford Case Explain the challenges faced by the instructional designer in the case, using  concepts and terms provided in the text, specifically: ◦Learner characteristics  Denny have several challenges that he has to overcome for him to effectively design an instructional program for his client Cynthia Oakes. The biggest challenge he has to overcome is the differences of orientation towards teaching and learning between Denny and Cynthia. Denny’s background is from the military where there are right and wrong answers for every problem whereas with Cynthia, she is more into a constructivist approach where the process of learning is more important than providing the right or wrong answer. Second, Cynthia has not...
2 Pages(500 words)Essay

Concept Paper Analysis

...Concept Paper Analysis Concept Paper Analysis Review The Concept Paper Template article describes different section that must be addressed in writing a research paper. The template is written in skeleton, but highlighting the vital section and their requirements. From the cover page, the template outlines that the tittle must be inductive of the study content and should be of length to ensure that it is fully giving what is expected of the research document (Arizona, n.d.). Additionally, the cover page must also highlight the theoretical aspect of the PhD study that is, the student must distinctively indicate the area of...
5 Pages(1250 words)Essay

Concept Paper

...Restructuring of Leadership Training in Retail Management (Concept paper) Introduction Nowadays in the retail sector, the role of a manager has been largely outstretched. It no longer is limited only to the traditional tasks of managing, supervising and controlling, but has moved beyond that to include the task of leadership as well. Most of the retail companies today expect their managers to handle the dual role of a manager and a leader. But for the development of leadership skills, both general and industry-specific, proper training and guidance is very important. The requisite training, however, is not provided by the companies to their managers. This results in a gap in their performance as they attempt to perform their role... of...
6 Pages(1500 words)Assignment

Immunology HIV Concept Paper

...Immunology HIV Concept Paper The articles cover the stage of HIV infection in a rural community in Kenya. Theprogram was initiated by the Kenya Ministry of health. The aim of the study was to determine whether integrated prevention campaign (IPC) as compared to voluntary counseling and testing (VCT) services was able to note individuals in the early stage of HIV infection. As a result, a large number of adults were used in the experiment to determine the stage of HIV infection. The paper was based on reducing testing rate evident in the sub-Saharan region of Africa. As noted in the article, less than fifty percent of individuals living with the virus in the region are aware of their...
2 Pages(500 words)Essay

Concept Paper

...Concept Paper Introduction The unit of analysis is a critical factor in research that helps in determining the focus of studies. The unit is the main factor that the research focuses on and it helps in making relevant conclusions and recommendations. There are four main types of units of analyses that include organizations, individual human beings, social interactions, and geographical regions (Malici, & Smith, 2013). This concept paper argues that geographical region and austerity regulations are the critical units of analyses in the research about, “Has the use of austerity policies helped to increase economic growth and development in the United Kingdom after the financial crisis of 2009?” The paper identifies the government... who may...
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Concept paper for FREE!

Contact Us