Contemporary Management Issues in the 21st Century: A Case Study of Tesco

Contemporary
Management Issues

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
External factors that have been shaping the development of human capital in Tesco. .1
Existing policies of Tesco related to the work force..........................................................2
Recommendations on new initiatives that this organisation should adopt in order to
survive and thrive in the new normal.................................................................................3
Advice to the leaders of company to adopt changes..........................................................4
CONCLUSION................................................................................................................................4
References:.......................................................................................................................................5

INTRODUCTION
Contemporary management refers to the process of planning, guiding, organizing and
controlling business operations in order to achieve organizational goals and objectives. It is
necessary to properly use the available resources and management ensures this. Contemporary
management values being able to operate effectively in a global market, so managing diversity is
vital. A modern management strategy includes setting values that reflect the commitment to a
safe workplace for employees at all levels of the company. Therefore, management training
courses in ethics and compliance are offered. Contemporary management is also characterized
by strong community bonds and ensuring a sustainable environment, so building collaborative
skills is part of it. Events, ideas or opinions that relate to the topic of the present are defined as
present-day topics. Currently, COVID-19 affects the entire economy and the entire corporate
world. As a result, companies have adopted several changes in the workplace. Organization’s
workers are angry with the infection, so management has started offering them work from home
so they can work safely and stay healthy (Chuang, S. and Graham, C.M., 2020). Working
remotely is seen as a major challenge for corporate CEO and HR departments as they need to
develop ways and techniques for employees to work effectively. Tesco is the selected
organization for this report. It is a British multinational general and grocery store, headquartered
in Welwyn Garden City, Hertfordshire, England, United Kingdom. This report covers the
theories and models that shape human capital, existing guidelines that play an important role in
the change management process, and the advice and recommendations related to introducing
new initiatives in the workplace.
MAIN BODY
External factors that have been shaping the development of human capital in Tesco
There are numerous factors that affect the operation of the business organization which
involves factors of internal and external. A model (PEST) was used to analyse the external
factors. PEST stands for political, economic, social and technological factors. These factors fall
underneath the external factor as they cannot be controlled by the business organisation. It has its
own meaning in giving shape to human capital development after COVID-19. Below are the
detailed discussions of these factors:
1