Context of Business Assignment - Sainsbury
Added on 2020-10-22
11 Pages2697 Words57 Views
Professional Development
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Context of business
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY ..................................................................................................................................11. Company Background .......................................................................................................12. Vision of Sainsbury's and leadership style and management practices in the organisation23. Analysis of achievement and implementation of vision, leadership styles, managementpractices and strategy.............................................................................................................44. Recommendations to the company.....................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8
INTRODUCTIONContext of business is the method to analyse the environment in which business operates.Context of business is one of the major aspect of the business which help to run the business forthe long term. This study is base on third largest chain of supermarket that is Sainsbury which isUK base company with a 16.9% share of the supermarket sector. It was founded in 1869 by JohnJames Sainsbury with a shop in Dury Lane, London. This study covers the background of thecompany and also the reason to choose Sainsbury. Further it covers the vision of the companyand also different leadership style, management practices and also the strategies which are mostappropriate. Further this report will cover that how Sainsbury has uses and implemented thisstyle to achieve the goals of the organisation. And at the last this report will include the variousrecommendation that the company should adapt to improve the working of the organisation andrun in the right direction (Bititci, Cocca and Ates, 2016).MAIN BODY 1. Company Background Sainsbury 's is the third largest chain of supermarket in the United kingdom with 16.9%share of the supermarket sector. Sainsbury has been trading for 147 years. It was all started withone small rented store in Dury Lane and now the retailer has over 1200 stores across the UnitedKingdom. Sainsbury was founded in 1869 by John James (Sainsbury's, Live Well for Less, 2019).The company become the largest retailer of groceries in 1922, and also it was early adopter ofself service retailing in the United Kingdom. There are various subsidiaries of Sainsbury such asSainsbury Bank , Sainsbury 's supermarket Ltd. , Sainsbury 's local, Habitat, Nectar and Argos.In February 2018 , the largest overall shareholder is the sovereign wealth fund of Qatar whichholds 21,99% of the company. It is also listed on the London Stock Exchange. Sainsbury hasover 1300 stores and also has over 161,000 employees and also Sainsbury provide good workingcondition for the employees so that they work in the effective manner . Sainsbury hasheadquarters in 33 Holborn , London , EC 1, United Kingdom. Also Sainsbury has £23.775billion turnover in 2015 (Maak, Pless and Voegtlin, 2016).1
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