Leadership Style, Management Practices, and Strategies at Tesco

CONTEXT IN BUSINESS
Assignment title: Assignment-2, Individual Report
Course: BABS Foundation
Student ID:
University Name:
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CONTEXT IN BUSINESS
Contents
Introduction......................................................................................................................................3
1. A brief history and summary of the business you have selected and the rationale for your
choice...........................................................................................................................................3
2. According to your research, discuss their vision, leadership style and management
practices and the various strategies making use of various theories you have studied as
evidence.......................................................................................................................................4
3. Analyse how the above have been achieved or implemented by your selected company
with specific examples.................................................................................................................6
4. What could be your recommendations as an improvement (the proposed leadership styles,
management practices and the various strategies that can be undertaken by this firm based on
research done) to your company..................................................................................................7
Conclusions......................................................................................................................................8
References........................................................................................................................................8
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CONTEXT IN BUSINESS
Introduction
The key purpose of this study report revolves around researching the leadership style,
management practices and the various strategies undertaken by a firm operating into a retail
sector in UK. For this research both the domestic and as well as international reputation will also
be taken into account in order to better comprehend their styles and practice of leadership and
management including the strategies. To begin with the research firm that has been chosen as the
case study is UK based Tesco, which is the third biggest retailer across the globe in terms of
gross revenues.
1. A brief history and summary of the business you have selected and the rationale for
your choice.
Founded in 1919 by Jack Cohen as a group of market stalls Tesco plc, having headquarters in
Welwyn Garden City, Hertfordshire, England, UK is a British MNC retailing groceries and
general merchandise. When the company measured by revenue is also the 9th largest retailer in all
over the world. Tesco operates in seven countries across Asia and Europe. Apart from being the
market leader of groceries in the domestic market, having a market share of around 28.4%, it is
the market leader Ireland, Hungary and Thailand too. Tesco, a UK grocer in original since the
early 1990s has made global expansions. However, in 2013 it pulled out of America and
continues to see growth elsewhere as of 2018. The retailer has diversified its business into areas
like retailing of books, clothing, electronics, furniture, toys, petrol, software, financial services,
telecoms and internet services. The brand for attracting a wide range of social groups was
repositioned during the period of 1990s from being a down-market high-volume low-cost retailer
to one designed by providing products ranging from low-cost "Tesco Value" items to its "Tesco
Finest" range. This successful broadening of its appeal helped the chain in growing from 500
shops in the mid-1990s to 2,500 stores 15 years later. Infrastructure of the business in UK has
been reinforced with intent of continuously providing competitive offers to the customers
with sharper prices, better quality, wider product ranges and improved services. According to
Tesco Plc (2019), as a leading retailer Tesco as every week millions of customers are served
across its physical and online stores. The focus of retailer on customers is unique, which enables
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