(Solved) Business Report on TESCO

Business report
on
TESCO SWOT ANALYSIS
and
reflection on teamwork

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
The key issues and recommendation...........................................................................................1
Benefits of CSR projects.............................................................................................................1
Impact of Brexit..........................................................................................................................2
Reflection....................................................................................................................................3
CONCLUSION ...............................................................................................................................3
References........................................................................................................................................4

INTRODUCTION
Business report is the evaluation and assessment of a particular issues and sets of the
problem like operations which are related to particular company. The present report will base on
“Tesco and its key issue which is face by company. Report will apply by management theory to
produce specific range of recommendation for improvement. Report will also link by CSR
strategy's benefits and impact of Brexit on organisation.
MAIN BODY
The key issues and recommendation.
The Tesco's HR team will face significant change management challenge which is Shed
up to 1700 jobs in new management shake up. In this management want to remove HR,
compliance and customer service roles in terms of cost cutting bid. This is the main issues which
is faced by Tesco (Tesco to shed up to 1700 jobs in new management shake up, 2018). The
customers experience manager have responsibility to manage customer queries and provide the
best treatment to customers. By removing both HR and customer experience manager form
company than customers and company face problem which is decrease sales of products and
services. Other hand, company is not recognize customers requirements.
In order to face this problem here is recommended for Tesco to use Human relations
management theory. This theory is to prove the importance of peoples for productivity. Human
engagement is important for company growth because with the help of customers queries
management is known about weak point and improvement area. With the help of this theory
management is easily understood customers and employees needs and wants from company. Its
is supportive for team for development and growth (Dhingra and et.al., 2016). With the help of
this theory management of company is able to solve this problem by building human relation
with other employees and attract talent and retain staff of company.
Benefits of CSR projects.
The Corporate social responsibility is highly beneficial for Tesco in terms of generating
customer and employees relation in the absence of customers experience and HR manager. It is
very important to link CSR policy with company strategy. Tesco have to work with CSR in order
to improve quality of life of peoples in the local communities. There are various benefits from
CSR in these projects which are as follows:
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 Environmental CSR has reduce damaging effects from business process like energy,
water, waste, recycling, emission and eco-friendly office. With the help of this Tesco is
created opportunity to Tesco benefit to society and future generation by creating efficient
distribution network by managing fuel efficiently.
 Satisfied customers: CSR policy is help to improve customers attitude towards the
company because with the help of these customers are attracted towards company
(Mingst, McKibben and Arreguin-Toft, 2018). This is highly beneficial for future of
company to increase sales of products by satisfying customers in the future.
 Satisfied employees: CSR policy is created positive attitude towards the company
because this give positive impact of CSR on employees well-being and motivation. This
is responsibility of HR to manage CSR policy at company.
 Long term future of business: Corporate social responsibility is best for the future
growth of company and society. With the help of this society is link with company for
long term.
Those are the benefit's society and future generations by Tesco's corporate social responsibility.
Impact of Brexit.
Brexit is give impact on UK economy which is an abbreviation for British exit refers by
UK decisions (Pedersen and Neergaard, 2016). Yes, Brexit is impact to Tesco and their market
shares. The Tesco super market sales various products like food and other grocery products. At
the time of Brexit the prices of products are increased by government 1.1% on food products and
20% on food and drink industry. This give negative impact on Tesco customers because at this
time prices of products are high and customers are not able to purchase those products.
Brexit is gives impact on employment and labour rate of company. At the time of this,
UK voted to leave EU, in these numbers of peoples are looking for jobs outsides the UK. In this
case, Tesco lost their eligible and skill able employees from company. In that they have to hire
new candidates for vacant post. At that time, the UK unemployment rate is increased by 6.5% by
the recession which is loss equivalent. Other hand, the key challenge face by Tesco which fewer
wastages and demand of healthy eating and plastic free packaging. So, here is concluded that the
Brexit gives impact on Tesco (Portes and Forte, 2017).
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Reflection.
I have lean most of the things during this project which is TESCO SWOT ANALYSIS. I
feel pleasures to done this project with my team members. At the time of preparing team we
faced problem because there are lots of class mates form there we have select fewer. After
selecting team, the work has started which has selection of key issues. I have decided to divide
proper work in whole team members. By this all have their own work and responsibilities to
done and collect information (Tran and Pham, 2018).
I have done my work on time with the help of other team members. They are best and
supportive. Team work has good and best for work because team members are create lots of
opportunities for team. Personally I feel, there are various benefits from team work is to foster
creativity and learning. Team work has good for resolving conflicts and encourage healthy risk
taking but, more challenges I faced challenges which has building trust. Trust is main concern
which has not build easily on other members first time.
CONCLUSION
From the above study it had been concluded that the business report has important to
learn various things. It had been concluded that the with the help of human relation management
theory, management has able to build positive relations with employees and customers in any
condition. CSR has best and effective for build benefits for society and future generation by
reducing wastage. Brexit has give impact on company in negative manner because at the time of
Brexit, sales of product and services has decreased by increasing price of products.
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References
Books and Journals
Dhingra, S. and et.al., 2016. The impact of Brexit on foreign investment in the UK. BREXIT
2016. 24. p.2.
Mingst, K. A., McKibben, H. E. and Arreguin-Toft, I. M., 2018. Essentials of international
relations. WW Norton & Company.
Pedersen, E. R. and Neergaard, P., 2016. The bottom line of CSR: A different view. In Managing
Corporate Social Responsibility in Action (pp. 91-106). Routledge.
Portes, J. and Forte, G., 2017. The economic impact of Brexit-induced reductions in
migration. Oxford Review of Economic Policy. Mingst, K.A., McKibben, H.E. and Arreguin-
Toft, I.M., 2018. Essentials of international relations. WW Norton & Company. 33(suppl_1),
pp.S31-S44.
Tran, H. T. and Pham, T. H., 2018, July. Costs and Benefits of CSR Disclosure: Evidence from
the US. In Academy of Management Proceedings (Vol. 2018, No. 1, p. 12283). Briarcliff
Manor, NY 10510: Academy of Management.
Online
Tesco to shed up to 1700 jobs in new management shake up. 2018. [Online]. Available through:
<https://www.theguardian.com/business/2018/jan/22/tesco-to-shed-1700-jobs-in-new-
management-shake-up>
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