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Management and Leadership Assignment - Tesco

Added on - 23 Nov 2020

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CONTEXT OFBUSINESS
Table of ContentsA brief history and summary of the business and the rationale for choice................................1Discuss the vision, leadership style and management style or practice and different strategiesfor making use of various theories..............................................................................................2Analyse how strategies are implemented and helped Tesco.......................................................4Recommendations for improvement in leadership style..........................................................5CONCLUSION...............................................................................................................................5REFERENCES...............................................................................................................................7
INTRODUCTIONManagement and leadership are two important factors which are necessary forperforming tasks of the organization. Leadership is a term used for defining the ability of leadersand managers to make other work according to their instructions (Dreyer, B and Et. Al., 2017).Leaders assign goals and objectives to subordinates for meeting the demands and needs of theorganization. These are responsible for giving proper guidance to employees whileaccomplishing the task and goals assigned to them. There are various leadership andmanagement styles used by organizations to achieve the goals and objectives in specified timeframe. They are autocratic, democratic, charismatic, laissez faire, task oriented, charismatic,bureaucratic, etc. In this report, the company which is considered for analyzing differentleadership and management styles is Tesco. This is a retail firm of UK that was founded in theyear 1919 by Mr. Jack Cohen. This report describes vision of the company, history of theorganization and summary of business. At last of this report, different strategies used by Tescofor running business successfully are explained.A brief history and summary of the business and the rationale for choiceHistoryTesco was founded in the year 1919 by Jack Cohen. This retail sector industry of UK.This company was first started by selling of groceries in stalls at East End of London. Tesco wasfirst appeared as a brand in the year 1924. The first flagship store of Tesco was opened in BurntOak, North London. Tesco continued to have success since it was started. The headquarters ofTesco was build in north London in the year 1932.SummaryTesco operates stores in UK under different banners including Superstone, Extra,Express and Metro. Tesco ensures customer satisfaction and increase the number of customers.Tesco is also found on London Stock Exchange (vom Brocke, and et. al., 2016). It has around£62.54 billion revenue in last year. Tesco is the largest retailer of British and it is also world'slargest retailing outlet. It has more than 4500 locations in UK. It has a workforce of around552004 employees. This company focuses on motivating and supporting it's employees to workhard and achieve specified targets. It has a well trained workforce and a huge customer base.1
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