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Implementation of Business Strategy in Tesco PLC 3 TASK 44 (a and b)

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Added on  2020-01-28

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Business Strategy INTRODUCTION 3 TASK 13 TASK 23 TASK 33 (a and b) 2.1 Analysis of strategic position by carrying out organizational audit of Tesco PLC 3 TASK 44 (a) 2.2 Environmental audit for Tesco PLC 5 TASK 55 TASK 65 TASK 75 (a) Complete a spread sheet template that outlines a basic implementation plan for your new strategy from Task 5(b) above5 (b) 4.1 Assessment of roles and responsibilities of personal charged with implementing new strategy

Implementation of Business Strategy in Tesco PLC 3 TASK 44 (a and b)

   Added on 2020-01-28

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Implementation of Business Strategy in Tesco PLC 3 TASK 44 (a and b)_1
Table of ContentsINTRODUCTION ...............................................................................................................................3TASK 1.................................................................................................................................................3TASK 2 ................................................................................................................................................3TASK 3 ................................................................................................................................................3(a and b) 2.1 Analysis of strategic position by carrying out organizational audit of Tesco PLC.....3TASK 4.................................................................................................................................................4(a) 2.2 Environmental audit for Tesco PLC ....................................................................................5TASK 5.................................................................................................................................................5TASK 6.................................................................................................................................................5TASK 7.................................................................................................................................................5(a) Complete a spread sheet template that outlines a basic implementation plan for your new strategy from Task 5(b) above.........................................................................................................5(b) 4.1 Assessment of roles and responsibilities of personal charged with implementing new strategy ............................................................................................................................................5(d) Evaluate the contribution made by the setting and applying of SMART targets to the achievement of strategy implementation for Tesco.........................................................................6CONCLUSION ...................................................................................................................................6References............................................................................................................................................82
Implementation of Business Strategy in Tesco PLC 3 TASK 44 (a and b)_2
INTRODUCTION There are various methods to meet the success in business world but the fact is that theobjectives should be realistic. For this, it is important for the organization to focus on maximizingstrengths and minimizing weaknesses to survive in competitive market. These all will only beachieved with the help of business strategy (Calof, 2016). It denotes long term business planningwhich sets out to accomplish objectives of a business. Without clearly defining it, it is impossible toattain growth and development in the market place. The following study is relating to businessobjectives and to understand its importance within the industries, various cases have taken into theconsideration. Process of strategic planning, formulation of new strategy, approaches to strategyevaluation and implementation of strategy are major objectives that will be covered during theresearch. TASK 1Attached in PPTTASK 2 Attached in PPTTASK 3 Attached in PPT(a and b) 2.1 Analysis of strategic position by carrying out organizational audit of Tesco PLCOrganizational audit is a method of determining the nature of environment in which acompany is operating its business. For Tesco PLC, it can be conducted by using various methodswhich are following. SWOT analysis:Strength Opt multi format strategy to increasecustomer base every decade. Global recognition Good leadership style International presence WeaknessesHighly depended on domestic marketsPoor inventory turnoverFinance profit level is adverselyimpacted because of recent credit crisis OpportunitiesGrowing trends of online shopping Opening business in emerging marketThreats Increase minimum wages population inUK 3
Implementation of Business Strategy in Tesco PLC 3 TASK 44 (a and b)_3

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