The Ethical Dilemma Of Nestle s Mass Marketing - 925 Words

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Ford Marketing Plan - 11940 Words

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Research on Modern Grocery Market in Pakistan Free Essays

string(188) " demand for imported food such as dates, cereals, beverages, chocolates, almonds, cakes, fruits and fruit juices reaches its peak during the festive season, especially at Eid and Ramadan\." â€Å"The Evolution of Modern Grocery Market in Pakistan. † A research project to study changing consumer buying patterns and opportunities for new entrants in the modern grocery sector. By Adavanced Research Methods MBA-Evening Program Section ‘E’ Submitted on November 19, 2012 Table of Contents Titles Page No. We will write a custom essay sample on Research on Modern Grocery Market in Pakistan or any similar topic only for you Order Now Prefatory Information Abstract Acknowledgements Executive Summary Introduction Methodology Research Findings Conclusion Recommendations Appendices References 02 03 04 05 06 08 09 13 14 15 22 Page | 1 Prefatory Information Research Topic â€Å"The Evolution of Modern Grocery Market in Pakistan. † Research Background The traditional food retail sector (small neighborhood stores, street vendors, â€Å"general trade† stores, etc. ) comprise about 95% of all food retail stores in Pakistan while the modern retail sector (hypermarkets, supermarkets, discount stores, etc. ) make up the remaining 5%. Over the past few years international retailers have taken advantage of the growing opportunities in this market. Well-known European retail giants Makro, Metro, and Carrefour (Hyperstar) have opened stores in all major Pakistani metropolitan cities. The port city of Karachi alone has at least five large retail stores that serve more than 19 million people. With a growing middle-income class (estimated at about 25% of the total population), increasing urbanization, increasing popularity of international food products, and a growing number of international restaurants and fast food chains, Pakistan is emerging as an expanding market for U. S. high-value agricultural products. The overall food retail and wholesale business accounts for 17% of Pakistan? s GDP. These large retail stores have been able to tap into the changes in consumer lifestyles and higher disposable income. Emerging technologies have also contributed to the emergence of the large food retail superstores, which offer a wide range of value added products and services to price conscious middle income consumers. Convenience stores in Petrol/Gas stations are also providing an additional option for consumers and their popularity among Pakistani consumers is rising. To know precisely the driving forces that lead changes in the consumer buying behavior and furthermore to anticipate the future demand of modernized grocery stores and hypermarkets which would ultimately guide investors towards an opportunity and would let them know the critical market factors and consumer needs on the basis of which they should design their businesses to gain maximum market share in minimum amount of time and resources. Page | 2 Abstract â€Å"The Evolution of Modern Grocery Market in Pakistan. The core objectives of our research are comprehensively explained and backed by the results and interpretations, with graphical illustrations that clarify the main consumer tastes and preferences that are the agents of changing buying patterns being the reason behind the increased number of modern grocery stores in major cities of Pakistan which is linked to our second objective that is more towards the investment opportunity for local and foreign venture capitalists in the mentioned sector. Page | 3 Acknowledgements First and foremost, we would like to thank Almighty Allah for enabling us to achieve the completion of our project report effectively, next we would like to thank to our course mentor of Advanced Research Methods-E, Mr. Salman Rabbani for the valuable guidance and advice. He inspired us greatly to work in this project. His willingness to motivate us contributed tremendously to our project. We also would like to thank him for showing us some examples that related to the topic of our project. Besides, we would like to thank all those participants, colleagues and class mates for providing us with their valuable insights and responses that enabled us to complete this project. Group Members Sandhya Talreja Talha Abid 1235220 1235182 Page | 4 Executive Summary The increasing number of modern grocery stores are rapidly increasing in Karachi and other cities of Pakistan which accounts for attracting majority of the customers and getting market share more than it was in the past few years. These larger stores make up 5% of all Pakistan? s retail food stores. There are two segments of modern food markets. One segment is dominated by the international groups and there are also domestic food retailers that are also utilizing new modern retail formats. For example, large food retail stores (Metro, Makro, and Hyperstar) comprise about 2% of all Pakistani food retail outlets with an estimated annual turnover of $176 million. The overall share of imported food products in the large retail stores is about 5. 6%. To analyze and figure out factors that have changed the buying patterns across the urban areas of Pakistan across all major population segments based on the demographical characteristics. The later part of the research well describes investment opportunity and growth indicators with rising purchasing power of people and increasing consumption patterns leading to impulse buying behavior. Appendices and annexes contain some useful facts that determine the future trends of retailing in Pakistan that how changes are anticipated in the years to come with respect to structure, marketing, supply chain management and customer services Page | 5 Introduction Consumer Food Purchasing Behavior The average Pakistani consumer spends 42% of his income on food. Consumption of imported processed and ready-to-eat food is greater in urban areas because of higher disposable incomes and access to modern style of food. A typical Pakistani household makes regular purchases of staple foods (i. e. , wheat flour, pulses, edible oils, fruits, vegetables, milk, meat, etc. ) several times per month from neighborhood stores due to convenience, perceived freshness, and limited storage space at home. A growing number of young Pakistani professionals (male/female) generally prefer making monthly food purchases from modern retail stores due to greater variety of products, satellite stores, and to enjoy food services all under one roof, thus providing the opportunity of combining „one stop shopping? with a family outing. Affluent Pakistani families are attracted towards modern retail stores due to their affordability, strategic locations, access to the imported processed food, and available choices for multiple product range. In comparison the rural consumer prefers homemade products, organic fruits vegetables, and has limited access to processed food. The demand for imported food such as dates, cereals, beverages, chocolates, almonds, cakes, fruits and fruit juices reaches its peak during the festive season, especially at Eid and Ramadan. You read "Research on Modern Grocery Market in Pakistan" in category "Essay examples" Moreover Pakistan has a large and growing middle-income class (estimated at about 25% of the total population). It also has a large and growing young population and over 55 percent Pakistani? s are in the 10-40 years age bracket. The upper middle-income class is currently estimated at 17 million, with relatively high per capita income which favors consumer spending. Since 2000 demand for specialized products targeted at the middle-income consumers have increased significantly. The upcoming changes in the Pakistani consumer demographic will create opportunities and challenges for companies doing business in Pakistan. Keeping in view the above stated scenario and these facts the well described the consumer demographics in Pakistan, we decided to conduct a quantitative research to know the factors of changing buying patterns and also to gauge the magnitude of opportunity for the new entrants in the huge retail grocery market that estimates about US$ 42 billion per annum. Page | 6 Research Objectives ? ? To study the changes in buying patterns of consumers in metropolitan cities of Pakistan, after the advent of modern grocery stores. To what extent these retail chains have been successful and to analyze if there is an opportunity for new entrants in the current scenario. Research Question ? ? What factors are responsible for changing buying behavior of people belonging to urban areas of Pakistan? What is the size of opportunity that exists for new entrants in the current market? Page | 7 Methodology The research methodology comprised of an online survey and questionnaire that was conducted throughout the city of Karachi, Hyderabad, Lahore and Islamabad. There were 10 option-based question that were designed to get the responses covering the two basic research objectives. Respondents were randomly selected and were asked to fill out a questionnaire which contained predetermined options and with other open-ended options as well, most of the participants were belonged to Karachi along with a significant number of online respondents from Hyderabad, Lahore and Islamabad adding a variety of responses from urban areas of Pakistan. Respondents were divided into four main categories on the basis of their Gender, Age, Marital Status and Income to have a fair understanding of different types of needs and preferences of different consumer segments. Quantitative Research There was a need to quantify the number of consumer that opt or prefer a certain attribute, products or services at these different stores so in terms of percentages it was easy to present and interpret data that was collected as a result of survey- questionnaire. First of all there was a pre-test conducted to know the validity and effectiveness of the questionnaire and methodology and after that actual survey was launched online and respondents were asked to fill the survey. Online survey reduced the time and other costs associated to our research and proved to be a cost-effective tool to conduct our survey. Page | 8 Research Findings On the basis of two distinct objectives the research findings are included in this report, the initial objective to determine factors that influence consumer buying behavior are the overall services offered, quality and branded products, convenience of getting all items at a single point, no grocery items including fashion apparel, cosmetics, medicine, home decor and so on remained the key choices of the respondents. Regarding the second objective that was to know the size of opportunity for new entrants that was asked in a question to know precise demand of the modern grocery outlets in Karachi and other urban cities, the findings exhibit that a clear majority of the respondents want to have more modern grocery stores in their locality, exact figures are mentioned in the graphical representation section later in this report. Other quantitative results include the frequency of purchases, expenditure and preferred store type that are also useful to calculate the size of the opportunity in this sector. Moreover participants also provided very insightful responses in open-ended options that highlighted many other things that they prefer at these modern stores. Including improvement suggestions regarding, customer support and billing, loyalty and discount programs were dominant responses of the survey discussed in the detail in graphical representation section. Page | 9 Graphical Representation and Analysis 1. Grocery Store Type It? quite clear from the market share that supermarkets and hypermarkets have acquired during past couple of years is significantly improved up to 30% for each category. Grocery Store Type General stores 30% 30% 18% 22% Dept. Stores Super Markets Hypermarkets 2. Grocery Frequency Frequency as compared to past trend of weekly or daily grocery purchases has been shifted to monthly purchases leading towards impulse buying behavior after the advent of the modern hypermarkets and superstores 60% 40% 20% 0% Grocery Frequency Weekly Fortnightly Monthly others 3. Grocery Market Share Modernized supermarkets lead the market with 48% share of the grocery sector these markets are convenience to people living in developed areas of Karachi catering their grocery needs effectively. Grocery Market Share Hyperstar 14% 18% 20% 48% Metro/Makro Naheed/Chaseup /Aghaz/Imtiaz others 4. Grocery Spending Most of the people that opted for modern grocery stores belong to higher income segment and majority spends more than Rs. 7000 on their grocery needs. This indicates a higher tendency of the people to consume in the society. 0% 30% 20% 10% 0% Grocery Spending (PKR) 26% 6% 32% 36% Page | 10 5. Appealing Factors The factors that were dominant among the responses were convenience of getting all items at a single stop and economical purchases thus lowering grocery budgets, this is the core reason that has changed buying patterns of consumers in the recent years. other factors Appealing Factors Economical Safe and†¦ Convenience Adequate†¦ Economical 0% 20% 40% Adequate Parking Convenience Safe and Secure other factors Non grocery items 6. Non-grocery items Out of the non-grocery items most people preferred cosmetics reason being the majority of female respondents in our sample. Rest of the people preferred medicines and ready to wear apparels. 0% 50% 46% 20% 16% 8% 10% 7. Additional Food Items Other than usual grocery items as food staples there was a significant rise in the demand and preference to ready-to-eat/ frozen-food, reason being the most of the married females are opting for careers and employments therefore frozen foods provides them convenience and quick food solutions. 70% 60% 50% 40% 30% 20% 10% 0% Additional Food Items 2% Fresh fruits and vegetables meat/chicken/p oultry Frozen food others 16% 16% 6% 8. Improvement Suggestions Discount cards were the most opted option by the respondents as people tend to buy in larger quantities they expect a significant amount off as a discount as well as the loyalty or privilege cards were also and added suggestion along with the speedy billing process due to the shor tage of time in the busy schedule of people living in the large cities. 60% 50% 40% 30% 20% 10% 0% Improvement Suggestions 48% 28% 12% 12% Loyalty cards Discount cards Speedy billing process others Page | 11 9. More Grocery Stores So about 90% of the people responded in positive when they were asked about more grocery stores in their city mainly because the convenience these stores offer, while the remaining 10% who opted for No, further explained there are enough no of stores in their vicinity only need is to improve their service quality. 100% 80% 60% 40% 20% 0% More Grocery Stores 90% 10% Yes No Yes No 10. Most preferred attribute Quality is the most opted attribute and mostly the quality products and services available at modern grocery store provide an added benefit to the customers and delight them in many ways. 0% 60% 40% 20% 0% Most preferred attribute Quality Pricing Brand Other Page | 12 Conclusions After studying the brief results and graphical illustrations we hereby conclude that major causes of change in consumer purchase patterns are superior quality of products and services offered to customers at economical prices, thus elevating the overall value for customers when it come s to convenience shopping, hassle-free parking, pleasant environment, serene ambiance, safety and security which previously was not offered by any of the conventional grocery stores of their localities. Now majority of the consumers prefer going to modern supermarkets and hypermarkets rather than the wholesale markets, to avoid the long tiring grocery shopping which included stressful parking, lack of security and safety. Moreover people on weekends go for grocery shopping with their families which allows them to spend quality time with their family as an outing or entertainment and enjoy shopping with all the modern state-of-the-art facilities offered by malls and shopping centers. Furthermore, along with the basic grocery items people tend to shop additional items including garments, cosmetics, fashion products, frozen foods, medicines and so on that is again an appealing factor that directed majority of the customers towards these modernized grocery store thus offering more and more benefits and ease to customers. As it has been witnessed that in the past few years the retail market dynamics have changed dramatically with modern grocery stores capturing the 40% share in the sector it is therefore a lucrative sector for foreign investors in the sectors and source of high FDI (Foreign Direct Investment) that would increase employment opportunities for our population and also would add up to fiscal revenues for the government. Page | 13 Recommendations After the completion of this research that was in response to previous researches on Emergence of Modern Retail in Pakistan and Market Transformation Due To Current Economic Turmoil (USA and European Retail Sectors) we suggest a comprehensive and more sophisticated research should be carried out on a commercial level to have an in-depth knowledge and insights about the market. Many of the indicators suggest the modern society in Pakistan are moving towards mass consumption and retail sector particular has been the key performer accounts for an annual turnover of about US$ 42 billion(estimated). So in response to it another research should carried out on Factors of Impulse Buying Behavior of consumer segments in Pakistan with respect to the modern grocery markets rapidly increasing and expanding the retail sector in Pakistan. The scope of our research was limited to few major cities of Pakistan i. e. Karachi Lahore Islamabad and Hyderabad, so its scope should be increased for future research also incorporating the useful insights of the key industry players of the modern grocery markets. Page | 14 Appendices Appendix-1 (Survey Questionnaire) ARM-Questionnaire Demographics: Age: ? 7-28 ? 29-40 ? 41 above Gender: ? M ? F Marital Status: ? Single ? Married Average Household Income (PKR): ? 10,000-20,000 ? 20,001-50,000 ? 50,001 above Area of Residence: ________________________________________________________ 1. What type of grocery store do you prefer for your grocery shopping? ? General stores ? Departmental stores ? Super market ? Hyper-markets 2. 3. 4. 5. How often you go for grocery shopping? ?Weekly ? fortnightly (every 15 days) ? Monthly ? others please specify_____ Which store do you often prefer for your grocery needs? ?Hyperstar ? Metro/Makro ? Naheed/Chase-up/Imtiaz/Agha’s ? Others___ On average how much amount you spend on your grocery? (PKR) ? 1000-3000 ? 4000-7000 ? 7000-10000 ? Above 10000 Based on the prior selected store which factor makes you buy from that store? ?Economical ? Adequate Parking ? Convenience (all items under one-roof) ? Safe and secure environment ? Others please specify___________________ What type of items do you prefer to shop along-with grocery? ?Cosmetics ? Garments ? Medicines ? Electronic Appliances ? Others_____ What additional foods items do you like to buy form the grocery stores? Fresh Fruits and Vegetable ? Meat/Chicken/Fish ? Frozen Foods ? Others__________ What improvements you like see as far as services are concerned? ?Loyalty cards ? Discount coupons ? Speedy billing process ? Others _______ Would like to have more stores and hyper markets? ?Yes ? No What do you prefer the most for your grocery items? ?Quality ? Pricing ? Brand ? Others please specify___________ 6. 7. 8. 9. 10 . Thank you for your time and attention. Page | 15 Appendix-2 FMCG Companies Profit From Rural Consumption Boom in Pakistan By Riaz Haq Higher crop prices have increased farmers? ncomes in Pakistan by Rs. 342 billion in the 12 months through June, according to a government economic survey. That was higher than the gain of Rs. 329 billion in the preceding eight years, according to a report by Bloomberg News. Companies like Millat tractors, Honda Atlas Motorcycles, Pak Suzuki Motors, Engro Foods, Telnor, Nestle, Colgate-Palmolive, Proctor and Gamble and Unilever have been big beneficiaries of the current rural consumption boom. Nestle Pakistan’s chief Ian Donald has summed up the rising demand for his company’s products as follows: â€Å"It? a common perception that China and India are much bigger in terms of growth than Pakistan. But for Nestle, the per capita consumption of our products in Pakistan is twice as much as we have in China and India. † It should be n oted that Nestle is the world’s largest packaged food company, and Pakistanis’ per capita consumption of milk and dairy products is about 2. 5 times higher than in India. According to the FAO, the average dairy consumption of the developing countries is still very low (45 kg of all dairy products in liquid milk equivalent), compared with the average of 220 kg in the industrial countries. Few developing countries have per capita consumption exceeding 150 kg (Argentina, Uruguay and some pastoral countries in the Sudano-Sahelian zone of Africa). Among the most populous countries, only Pakistan, at 153 kg per capita, has such a level. In South Asia, where milk and dairy products are preferred foods, India has only 64 kg and Bangladesh 14 kg. East Asia has only 10 kg. Here are a few key points excerpted from a recent Businessweek story on rise of the rural consumer in Pakistan: 1. Unilever and Colgate-Palmolive Co. re sending salespeople into rural areas of the world? s sixth most-populous nation, where demand for consumer goods such as Sunsilk shampoo, Pond? s moisturizers and Colgate toothpaste has boosted local units? revenue at least 15 percent. Page | 16 2. â€Å"The rural push is aimed at the boisterous youth in these areas, who have bountiful cash and resources to increase purchases,† Shazia Syed, vice president for customer development at Unilever Pakistan Ltd. , said in an interview. â€Å"Rural growth is more than double that of national sales. † 3. Consumer-goods companies forecast growth in Pakistan even as an increase in ethnic violence in Karachi has made 2011 the deadliest in 16 years for the country? s biggest city and financial center. 4. Nestle Pakistan Ltd. is spending 300 million Swiss francs ($326 million) to double dairy output in four years, boosted sales 29 percent to 33 billion rupees ($378 million) in the six months through June. â€Å"We have been focusing on rural areas very strongly,† Ian Donald, managing director of Nestle? s Pakistan unit, said in an interview in Lahore. â€Å"Our observation is that Pakistan? rural economy is doing better than urban areas. † 5. Haji Mirbar, who grows cotton on a 5-acre farm with his four brothers, said his family? s income grew fivefold in the year through June, allowing him to buy branded products. He uses Unilever? s Lifebuoy for his open-air baths under a hand pump, instead of the handmade soap he used before. â€Å"We had a great year because of cotton pr ices,† said Mirbar, 28, who lives in a village outside south Pakistan? s Matiari town. â€Å"As our income has risen, we want to buy nice things and live like kings. † 6. Sales for the Pakistan unit of Unilever rose 15 percent to 24. 8 billion rupees in the first half. Colgate-Palmolive Pakistan Ltd.? s sales increased 29 percent in the six months through June to 7. 6 billion rupees, according to data compiled by Bloomberg. â€Å"In a generally faltering economy, the double-digit growth in revenue for companies servicing the consumer sector has come almost entirely from the rural areas,† said Sakib Sherani, chief executive officer at Macroeconomic Insights Pvt. in Islamabad and a former economic adviser to Pakistan? s finance ministry. 7. Unilever is pushing beauty products in the countryside through a program called â€Å"Guddi Baji,† an Urdu phrase that literally means â€Å"doll sister. † It employs â€Å"beauty specialists who understand rural women,† providing them with vans filled with samples and equipment, Syed said. Women in villages are also employed as sales representatives, because â€Å"rural is the Page | 17 growth engine† for Unilever in Pakistan, she said in an interview in Karachi. While the bulk of spending for rural families goes to food, about 20 percent â€Å"is spent on looking beautiful and buying expensive clothes,† Syed said. . Colgate-Palmolive, the world? s largest toothpaste maker, aims to address a â€Å"huge gap† in sales outside Pakistan? s cities by more than tripling the number of villages where its products, such as Palmolive soap, are sold, from the current 5,000, said Syed Wasif Ali, rural operations manager at the local unit. 9. Its deterge nts Bonus Tristar and Brite are packed in sachets of 20 grams or less and priced as low as five rupees (6 cents), to boost sales among low-income consumers hurt by the fastest pace of inflation in Asia after Vietnam. Unilever plans to increase the number of villages where its products are sold to almost half of the total 34,000 within three years. Its merchandise, including Dove shampoo, Surf detergent and Brooke Bond Supreme tea, is available in about 11,000 villages now. 10. Pakistan, Asia? s third-largest wheat grower, in 2008 increased wheat prices by more than 50 percent as Prime Minister Yousuf Raza Gilani sought to boost production of the staple. â€Å"The injection of purchasing power in the rural sector has been unprecedented,† said Sherani, who added that local prices for rice and sugarcane have also risen. 1. Telenor Pakistan Pvt. is also expanding in Pakistan? s rural areas, which already contribute 60 percent of sales, said Anjum Nida Rahman, corporate communications director for the local unit of the Nordic region? s largest phone company. While the presence of multinational consumer product giants like Nestle and Unilever receive more coverage in the western media, the Eurom onitor report finds that Pakistani FMGC companies like Engro Foods, Haleeb Foods, Shezan, Tapal, Shan and others dominate the packaged food business in Pakistan. Here’s an excerpt from a recent Euromonitor report on Pakistan. Page | 18 Appendix- 3 Study of the International Retail Markets Drivers of Retail Change Internationally There are significant changes underway in the international retail sector. Some are already evident in the Irish retail market while others are now beginning to show an impact. The key drivers of change in the retail sector are: †¢ Consumer shopping habits and meal preparation habits are changing. This is driving the food retail structure to one of large stores for once-weekly shopping trips and smaller convenience stores for top-up purchases. Relatively low growth in retail spending across Europe, particularly in the food sector, which is generating substantial competition between retailers. †¢ A shift in the determinant of consumer demand from price consciousness to value for money. †¢ A stronger preference for service and convenience, both in retail service and also in product choice. †¢ The development of a more international outlook and a greater awareness of international brands. †¢ More focused marketing methods, referred to as „mass customization? and competition for consumer loyalty. †¢ The retail sector is still relatively highly regulated in many countries, specifically in the areas of planning regulations in respect of new store development and working hours. †¢ Developments in information and communications technologies (ICTs) are enabling improvements in market research and analysis, and supply chain management. This is driving significant change in international retail supply chains as retailers seek out increasing efficiencies and seek to reduce inventories. Page | 19 Appendix-4 Future of Retail Sector in Pakistan The expected future trends in the retail sector in Pakistan are that: †¢ The retail sector can be expected to continue to grow in line with the overall growth of the economy, thereby providing further employment and an increasing contribution to economic activity. †¢ The level of concentration, i. e. , the market share held by major retailers, in both the food and clothing sectors, is expected to continue to increase. †¢ Further consolidation in the market can be expected through mergers and acquisitions of national retailers and foreign retailers in the current market. Acquisition is likely to be the mode of market entry for large scale foreign retailers into the future. Size Structure The strucuture of the retail sector is changing as: †¢ Retailers are growing larger through mergers and acquisitions both in domestic and international markets; †¢ The number of large sized stores is increasing significantly; †¢ Levels of concentration in retail markets are increasing; †¢ Order sizes and deliveries from suppliers are growing; and †¢ Suppliers are increasing in scale. Customer Service Customer service is developing rapidly through: †¢ Home hopping and delivery; †¢ Internet shopping; †¢ Longer opening hours; †¢ Loyalty card schemes; †¢ Better in-store service; †¢ Micro-marketing to individual customers; and †¢ Improved mail order. Page | 20 Diversification Retailers are pursuing growth through diversification into: †¢ New product areas, by food retailers into non-food goods, and into new markets such as apparel and music; †¢ New business sectors such as banking and insurance; and †¢ New geographic markets, nationally and internationally, mail order, teleshopping and ecommerce. Supply-Chain Management Retailers are increasing their control over the whole supply chain by implementing: †¢ Centralized distribution; †¢ Efficient consumer response (ECR) †¢ Increased traceability of goods †¢ Increased investment in Information Technology; †¢ Supplier rationalization programs †¢ Greater involvement in supplier operations. Page | 21 References Retail Sector Dynamics in Ireland-www. forfas. ie. European Journal of Scientific Research Euro Journals Publishing, Inc. 2009 http://www. eurojournals. com/ejsr. htm http://www. iazhaq. com/2011/10/fmcg-companies-profit-from-rural. html Retail markets planning guide-FAO Bulletin http://www. fao. org/docrep/v8390e/V8390E00. HTM New generation of retail markets By Ashfak Bokhari | From InpaperMagzine | 23rd July, 2012 http://dawn. com/2012/07/23/new-generation-of-retail-markets/ Retail’s Hottest Emerging Markets, 2012 http://www. cnbc. com/id/47782726/Retail_s_Hottest_Emerging_Markets_2012 Economic Impact of Retailing in Pakistan Proceedings of 2nd International Conference on Business Management Page | 22 How to cite Research on Modern Grocery Market in Pakistan, Essays

Social Work Transformational Transactional â€Myassignmenthelp.Com

Question: Discuss About The Social Work Transformational Transactional? Answer: Introduction The assignment studies the change initiatives taken by the management of Yellow Auto Company for the successful change in its culture and management structure so that the company will be successful in organising people to work effectively. Problems in the organisation Change plays an important role in every organisation. Change is taken place when the organisation requires to modify or tries to make the cultural, structural and technological development in the organisation in order to sustain in the marketing (Barnett, 2015). The change becomes inevitable due to the internal and the external situations that compel the business organisation to bring changes in the organisation. In the process of the change, the management all other stakeholders work together to make the change process successful. Without the support of the employees, the change agent cannot bring change in the organisation. The structural change refers to the change in the process the work is done. The responsibilities of the employee are changed and he or she is given the opportunities to give their opinion in the decision-making process and the structure of the management is changed for the growth of the organisation(Griswold, 2013). Changing the attitudes, behaviour the expectation of the employees is very difficult. The change is accepted by the employees when they believe that the change will bring them personal and organisational benefits(Brunk, 2010). Thus the culture of the organisation is changed when both the employees and the leaders accept the change. The change efforts made by the management of the organisation is transactional. The management of Yellow Auto Company finds that there is an urgent need to bring changes in the organisation due to the structural and cultural factors. The transactional leadership focuses on the supervision, on the organisation and also on the performance. The focus of the transactional style is to promote compliance with the help of the followers. This compliance is made through reward and punishment. The transactional process wants to bring changes in the crisis and in a situation when the change becomes inevitable. The attention is given to developing the efficiency of the employees in the organisation and takes care of amending the faults in the organisation(Gellis, 2007). The transactional style is different from the transformational style as transactional style focuses on the immediate change and the transformational style focuses on the development in the future. In the context of Yellow Auto Co mpany, the change is inevitable to keep the people of the organisation on the right direction to accomplish the goals and objectives of the organisation. The change initiative made by Yellow Auto Company will not meet any resistance in the process of change. It is due to the fact that the employees of the organisation have realised the need of change in the structure and culture of the organisation. The survey conducted by the company proves that the employees are not satisfied with the way they are working. The job specification is not there and they have no liberty to execute their own works. The analysis made in the survey finds that there are problems related to the authority, responsibilities and distribution and all these things happen due to the lack of clarity in the description of the job. Thus the survey shows that the employees expect a change in the organisation. Organisations bring changes in the organisation with the help of the internal and external change agents. The internal change agents are the people of the management of the organisations. These people feel the need of the change and try to implement change strategically in the organisation(Gentile, 2012). The external change agents are the consultants or the people those who are not the part of the organisation. The consultants make a survey the need of the change and prepare strategic plan to bring a change in the organisation. The external change agent is effective when there is a need of bringing changes in the structure of the organisation. In the case of Yellow Auto Company, this has been found that the top management people like Can Sale behave like an autocratic leader. Thus the external change agent can make the operations management feel about the requirements of the change. The employees of the organisation express their anxieties to the external agents and the survey of the external agents can find the faults and requirement of developments while talking to the stakeholders(Lynch, 2015). The external agents can easily find out the faults in the organisation, culture and structure. The management people will accept the change as it becomes inevitable for the organisation. The management people expressed their willingness to help the change agents and to be very open for the development of the efforts. This shows that the change initiative is planned and both the management and the employees have accepted the change(Nielsen, 2012). Thus the attitudes of the employees will be changed and the survey will find a difference after the introduction of change. Summary of the key problems and the role of organisational development in improving efficiency effectiveness in the organisation The key problems of Yellow Auto Company are based on the structural and cultural. The work culture of the organisation is not based on the basic principles. The employees are not aware of the job description. This shows that there has been a gap between the employees and the management of the organisation. The second most important problem is that the employees are demotivated. They do the work which is not actually to be done by them. The employees could not use their skills and experiences due to wrong work assignments. Thirdly, the top level management people are not concerned with the development of the culture of the organisation. The involvement of the management people in every activity demotivate the people. Can Sale does not allow anybody to work independently. He intervenes in every activity, Fourthly, the employees are not allowed to be a part of the decision-making process. Thus the decisions taken by the management people are not accepted by the employees of the organisations. Lastly, the work culture of the organisation is not good. There is no empathy in the employees. The employees do not consult their immediate leader for any help. They go to Can Sale for help. This creates a very bad work culture and the cooperation and coordination between the workers are not found. Role of organisation to develop the efficiency and effectiveness of the employees The success of the organisation depends on the joint efforts of leaders and the followers of the organisation. The management of Yellow Auto Company should leave the autocratic style of leadership and should adopt transactional and transformational leadership style. Can Sale requires to exhibit himself as a transformational leader and should motivate employees by setting examples. The structure of the organisation should be well defined and the employees need to be communicated their duties and responsibilities(Velsor, McCuley, Ruderman, 2010). The culture of the organisation should be well defined and the leaders and the employees should work together for the successful achievement of goals and objectives of the organisation. Conclusion The success of the organisation depends on the efforts of the leaders and the followers. The change initiatives made by Yellow Auto Company is based on values, social norms the attitudes. These norms and the values affect the behaviour the performance of the employees for a successful change. References Barnett, J. (2015, 11 08). Employee Engagement Effectiveness. Business 09 17, 2017, from https://www.td.org/Publications/Magazines/TD/TD-Archive/2015/11/Employee-Engagement-Effectiveness Brunk, K. (2010). Exploring origins of ethical company/brand perceptionsa consumer perspective of corporate ethics. J Bus Res, 63, 255-262. Drucker, P. (2014). Leadership vs. Management. Retrieved 09 17, 2017, from Diffen.com: https://www.diffen.com/difference/Leadership_vs_Management Gellis, Z. D. (2007). Social work perceptions of transformational and transactional leadership in health care. Social Work Research, vol.25. no. 1, 17-25. Gentile, M. C. (2012). Values-driven leadership development: Where we have been and where we could could go. Organisation management Journal, 188-196. Griswold, A. (2013, 09 27). 'Thought Diversity' Is The Future Of The Workplace - Business Insider. Retrieved 09 17, 2017, from www.businessinsider.com/the-future-of-workplace-diversity-is-here-2013-9 Lynch, R. L. (2015). Strategic management. Harlow: Pearson Education. Nielsen, K. (2012, 05 03). The importance of employee participation and perceptions of changes .. Retrieved 09 17, 2017, from https://www.ncbi.nlm.nih.gov NCBI Literature PubMed Central (PMC) Olivia. (2017). 6 Simple Tips for Effective Team Management. Retrieved 09 17, 2017, from https://www.meistertask.com/blog/6-simple-tips-effective-team-management/ Sanborn, M. (2016). 9 Difference Between Managers and Leaders. Retrieved 09 17, 2017, from marksanborn.com: https://www.marksanborn.com/blog/9-differences-between-managers-and-leaders/# Velsor, V., McCuley, Ruderman. (2010). Developing of Leaders. In The Center for Creative Leadership handbook of leadership development. San Francisco,: Jossey Bass.