Contemporary Business Issues in Business Management (Tesco)

Business Issues in
Business Management
(Tesco)

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
Identification of five contemporary business issues...............................................................4
Critically analysis of two main issues....................................................................................6
Impact of technology and work life balance on Tesco...........................................................8
CONCLUSION................................................................................................................................9
REFERNCES:................................................................................................................................11

INTRODUCTION
Business management is a process of managing business operations and all activities for
smooth functioning. It is essential for every organization to analyse their issues and challenges so
that they can make effective plans and strategies to solve them as soon as possible. Business
management helps the company out to mitigate the negative impact of such challenges upon their
organization (Amankwah-Amoah and Wang, 2019). Some organizational issues that affects
company's overall performance include: lack of technology, lack of innovation, work life balance
issues and many others. This present study is based on Tesco that is a retailing company which is
founded in 1919 by Jack Cohen. It is headquartered in Welwyn Garden City, UK. The following
file covers five contemporary business issues, critical evaluation of technological impact and
work life balance issue of an organization. This file also covers technological impact and work
life balance issue on Tesco and the ways of managing these issues by Tesco.
MAIN BODY
Identification of five contemporary business issues
Every organization face some challenges and issues in their competitive industry.
Business management help companies in analysing business challenges and solving all problems
with appropriate strategies. Some contemporary business issues that Tesco is facing include:
Workplace well-being/ balance- It includes all essential factors related to work and
organization for an employee to achieve their set targets. It includes how a company's employees
are feeling about their work, responsibilities and duties. It also refers relations that employees
have with organization, employers and colleagues. It is essential for Tesco to focus on their
working environment and try to adopt that culture which will help their employees to boost up
their will power to work effectively and efficiently (Kuzin, 2021). Increasing work pressure,
changing situations, lack of flexibility and poor relation of employees with employers are some
raesons of poor working environment and workplace well-being problems. This problem affect
employees mentally and it lowers their productivity as well.
In context of Tesco, it is found that leaders and managers of this retailer are well
supportive and try to motivate their employees to work for organizational benefit so that
organization will provide them their benefits in return. Maintaining organizational culture
effectively by following the rules and regulations made by their senior authorities is also the part