Strategic Management in Tesco: A Case Study

Applied Business Management
Name of the Student:
Student’s ID:
Name of the University:
Module Code:
Author Note:

APPLIED BUSINESS MANAGEMENT
Table of Contents
Introduction......................................................................................................................................2
Literature Review............................................................................................................................3
Theoretical concept......................................................................................................................3
Strategic Tools.............................................................................................................................3
Strategic methods.........................................................................................................................4
Critical analysis...........................................................................................................................4
Case Study.......................................................................................................................................6
Background of Tesco and Its Way of Strategic Management.....................................................6
Outline the system used to involve stakeholders in the introduction of the change and the
diverse reactions to change by different stakeholders.................................................................7
Critically evaluate the appropriateness of strategic management and the impact it has on the
organization and the stakeholders involved.................................................................................7
The options available to the organization in implementing the proposed strategy.....................8
Analysis.......................................................................................................................................8
Strategic Analysis of Tesco.....................................................................................................8
PEST Analysis of Tesco........................................................................................................10
SWOT Analysis of Tesco......................................................................................................11
Recommendation...........................................................................................................................13
Discuss the role and importance of the top management teams (TMTs) in the change process
...................................................................................................................................................14
Conclusion.....................................................................................................................................15
References......................................................................................................................................16
Page 1 of 17

APPLIED BUSINESS MANAGEMENT
Introduction
Strategy can be described as a plan or a method by applying which, a desired outcome for the
future is achieved. Strategic planning in business organizations, help to flourish and offers the
organization with a competitive advantage in its course of operations. It helps to solve any
existing problems and helps the leaders of the organization to find out the path to success by
offering them a proper direction. Strategic Planning aids an organization to recognize the goals
and objectives that they have set for themselves in order to succeed in the business markets. The
process of Strategic Analysis involves executing the strategic plans in sequential order so that the
organization is able to meet with its pre-set target. Appropriate strategic management is capable
of uplifting the value of an organization.
In the following research, the researcher has shed light on the importance of the theory of
strategy literature and also the factors that affect the strategic planning of an organization for its
future course. The analysis of the macro environment with reference to Tesco has been explained
in the following to understand the strategic management of Tesco and its contribution towards
gaining competitive advantage by accomplishing the goals the company has set for itself.
Page 2 of 17

APPLIED BUSINESS MANAGEMENT
Literature Review
Theoretical concept
In this section, the author of the study has described the importance of all the tools and
techniques related to strategic management. In recent times the business development is much
dependent on the strategic management of the company. Strategic Management basically means
the planning of the organization in order to imply new plans and processes in the company.
These plans are mainly introduced in the company's management body that helps to achieve the
goals further. In order to describe these strategic plans, the author of the topic also described the
strategic tools and strategies related to this. This method of strategic management has become
one of the complicated and costly processes in the market. The techniques of strategic
management are divided into three parts, such as organizational strategies, strategic planning
techniques control techniques (Inkinen, 2016).
Strategic Tools
The tools mainly mean the key elements that run the whole purpose of any strategic development
of the companies. In addition, these strategic plans are mainly implied in order to develop the
company’s business. The tools used in the section when the company is trying to imply the
organizational strategies in order to develop the company’s business prospect. All these tools in
the strategic concept are connected with another. In deciding these tools which can be useful in
the company’s growth is developed by the managers of the company. The most used tools by the
managers in the company’s development are, analyzing all the important questions associated
with the topic, analyzing all the gaps of the company, analyzing all the aspects of the industry,
matrix or calculation related to the market and the products of the market, describing the life of
the product and discussing the cycle of each products and also the analytical descriptions of the
frameworks in the management such as SWOT or PEST analysis, also the Porter’s five forces
model.
Strategic methods
The concept of strategic management is a vast one and it also has so many layers to it. To further
describe the strategic tools of the company’s planning regarding the strategy also has so many
Page 3 of 17