Improving Business Performance and Profitability

This assignment examines methods for improving business performance and profitability. It emphasizes the importance of managing risks effectively, meeting customer needs, enhancing product quality, and maintaining a strong brand image. The document also suggests implementing strategies for expansion and timely communication with stakeholders to achieve optimal results.

Consultancy project

Table of Contents
INTRODUCTION...........................................................................................................................1
Performance management and measurement of organisation-...............................................1
Communicating performance to the stakeholders..................................................................2
Risk management...................................................................................................................2
Quality management and improvement at Tesco-..................................................................3
Customer and client perspective-...........................................................................................4
People perspective-.................................................................................................................4
Implementation-.....................................................................................................................4
CONCLUSION................................................................................................................................4
Recommendation.............................................................................................................................5

INTRODUCTION
In the organisation it is very important to keep all the thing in the proper manner. To run
the business in effective way it is essential to run the activities in smooth manner. In this the
knowledge can be conduct in the various kind of way. In the present file there should have
effective analysis on the consultancy project in order to make the all organisation function in the
expertise manner. This kind of activities are helpful in order to generate high amount of
profitability and productivity. The present report is based on the activities of the Tesco. They
need to expand their business activities in this manner they have hired one professional person
who is able to provide good consultation so that firm can able to generate high amount of
profitability and productivity. The Tesco is distributing its services in the retail market in the
grocery services. By having these activities in the effective manner it is essential to run the
oppression of business expertly. In this way the following activities are to be included such are
as communication to stakeholders, Risk management plan, quality management and
improvement, financial performance of the firm, customer and client perspective, people
perspective and implementation issues. In this manner the recommendation is to be given in
order to enlarge the oppression of business.
Performance management and measurement of organisation-
The performance management of Tesco is need to be taken in order to analyse that the
employees of are able to meet the business objective effectively. This is one of the strategic tool
which is very helpful in order to maintain the growth in the business enterprise. In this manner
the Tesco has divided the activities in the differed quadrants. Each quarter is very important in
order to maintain the oppression of the firm effectively. In addition to this it is essential to
maintain the growth of firm by making effective formulation of the strategies and revised that all
in up to date manner with the help of which there can be chances to reflect the changing nature
of the business enterprise. From the past year the organisation is performing there activities
effective by regularly monitoring the performance of organisation so that they are able to earn
large amount of probability and productivity. The Tesco has divided the business activities in the
following ways are as customer, operation, business and finance. With the help of the effective
decision the strategic goal of the enterprise can be achieved. In this last years the organisation is
able to generate maximum amount of market share with the competitive advantage in market. To
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have the expansion in the performance of business the following component in to be add in the
performance management system of the entity. This all are defined in the following manner are
as-
1. The planning on the performance of the beguines is the first and effective steps in order
to manage the oppression of firm.
2. The performance appraisal and review that thing is happening between manager and
employees.
3. The feedback is need to be taken in order to have idea about the performance of the
employees. It is to be given by the supervisors and managers.
4. Reward is to be give on the basis of the performance.
5. The potential appraisal for employees which is inclusive of the promotion and future
growth plan.
Communicating performance to the stakeholders
The performance measurement of the company is to be given to the stakeholders. Ion
order to have effective consultancy every information is need to be circulated so that effective
steps can e taken in order to in order to have idea about the deficiencies in the employee
working. This is the effective step in order to make successful strategies. In this manner the
process of implementation can be taken successfully. There are two kinds of stakeholder such are
internal and external.
Risk management
This is defined in the following manner are as-
Product security- This is very effective step in order to maintain the security and value to the
Tesco this kind of factor are very important in order to meet the expectation of the consumers.
The product is need to keep at that place where the safeguard procedure can be taken.
The following steps need to be taken in this regard are as-
1. The all stock material is to be checked in the double checking manner so that ensurity for
the product can be known.
2. The insurance policy need to be taken so at the time of any disaster the claim can be
demand.
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Fraud and compliances- The risk parameter of fraudulent task in increasing daily. There are
various kinds of activities are going which is affecting the financial growth of the business. IN
this manner the all things is need to be great improve so that business can able to earn large
amount of profitability. This kind of factor affect the brand image of the firm.
Reputation risk- This is the brand image which is need to be maintained by taking effective
steps in this manner the organisation is bale to perform its business function efficiently. The
decline in the rate of the customer can affect the profitability and productivity of the business.
This all situation need to get improved so that performance of business can be improved.
Economic and potential risk- The role of the currencies play important in relation to maintain
the firm profitability. To run the business in effective way it is essential to run the activities in
smooth manner. The firm need to have addition resources so that they are able to meet the
objective of the business. These kinds of activities are essential to run function of the business
effectively.
Quality management and improvement at Tesco-
The Tesco is known as the well known brand, being brand it is the measure o quality of the
products. The main motive of this firm is to provide quality products to the consumer. The Tesco
uses the two kind of the strategies are as economic of scale and differentiate policy in the product
development. With the help of this they get dependability of the customers. They take effective
steps in order to produce those products which have some uniqueness as compare to the
competitor’s products in the market. These kinds of services are very effective in order to gather
the attraction of various numbers of customers in the market. With the help of this they can
easily switching to customers. They are bringing various kind of innovation in their commodities
so that firm is able to gain maximum amount of market share. They have taken various
responsibilities to provide those services to the customer with the help of which they are able to
enhance the productivity and profitability of the business enterprise. They are efficient in
delivery and speed time of the good and services. They are providing good quality of the
products at the reasonable pro growth the price. These kinds of services are helpful in order to
enhance the brand image in the reputation of the firm in the market. The enterprise should take
effective steps in order to formulate those strategies so that they can able to run their activities
smoothly.
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Customer and client perspective-
This kind of activities is need to be considered in order to know about the demand of the
customer so that fir can take effective steps so that with the help of the client perception they are
able to produce those products in the mare which will be helpful to them in order to satisfy the
demand. This kind of activities will be helpful in order to enhance the growth and productivity of
the business.
People perspective-
The people views about the products will always depends on the trends what are available in
the market in this manner they need to produce those commodities with the help of which they
can be to produce those products which will be beneficial for them in order to enhance the large
amount of profitability and productivity. Customer loyalty is very helpful in manner to cope up
with the competition on the market. By delivering services at the time the perspective of the
customer can be in the positive manner this kind of services are helpful in order to grow firm
profitability and productivity in the large manner.
Implementation-
All the above thing is need to be considered so that all the things implemented successfully.
They need to frame effective strategies and should take effective steps which all are needed to be
implemented so that firm is able to run all the activities in smooth manner. The efficient and
expertise policies art eh backbone with the help of which firm can able to operate their business
activities effectively.
CONCLUSION
Hereby it has been concluded that the consultancy project in relation to have smooth flow
and expansion of business is need to be taken. With the help of this business is able to operate
the business activities effectively. In the organisation it is very important to keep all the thing in
the proper manner. These kinds of services are very effective in order to gather the attraction of
various numbers of customers in the market. With the help of this they can easily switching to
customers. To run the business in effective way it is essential to run the activities in smooth
manner. In this the knowledge can be conduct in the various kind of way. In this present report
the following things are covered such are as communication to stakeholders, Risk management
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plan, quality management and improvement, financial performance of the firm, customer and
client perspective, people perspective and implementation issues. The main motive is to run
business performance effectively by taking consultancy after measuring the performance of
organisation. These kinds of activities are helpful in order to generate high amount of
profitability and productivity.
Recommendation
The following are to be given in order to meet the objectivity of the business. This all are
defined in the following manner are as-
1. The company need to improve their performance by managing all the oppression of the
entity in effective manner.
2. The expansion of business is possible if firm is giving major consideration on the
improvement of the product quality.
3. The desire of the customer is need to get full filled in order to meet the profitability an
productivity of the business.
4. The bran image of the company need to be maintained.
5. The insurance policy need to be taken so at the time of any disaster the claim can be
demand.
6. The timely communication is need to be given to the stakeholder so that effective steps
can be taken with the help of which performance of business can be improved.
7. By making all the risk management procedure the firm is able to get this improved and
the effective measures can be taken so that business can earn large amount of profitability
in the market.
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