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Context of business assignment | Tesco Company

   

Added on  2021-01-02

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Contextof business
Context of business assignment | Tesco Company_1

Table of ContentsINTRODUCTION...........................................................................................................................1PROJECT.........................................................................................................................................11)Background and history of the organisation ...........................................................................12) vision of the company and leadership styles and management practices with variousstrategies management ...............................................................................................................23)Leadership styles has been achieved and implemented by Tesco...........................................44)Recommendation as an improvement for the Tesco................................................................5CONCLUSION................................................................................................................................6REFERENCES ...............................................................................................................................7
Context of business assignment | Tesco Company_2

INTRODUCTIONLeadership is the form of actions and it leads the group of people in the business environmentwith the values and code of conduct in effective ways. Every unit of business needs anexperienced leader for competing with the various competitors in the global market.Management practices refers to the innovations and new changes, ideas used by the leader andmanger for improving the effectiveness of the employees. Tesco is multinational supermarketretailer. It is third largest supermarket with the good revenues across the world. This report willexamine the background and history of the organisation and leadership styles and managementpractices followed by the organisation. It also highlighted the achieved and implemented ofleadership styles and management practices in the organisation and also the recommendation ofthe company(Antonakis and Day, 2017.). PROJECT1)Background and history of the organisation Tesco is a multinational general merchandise and groceries retailer. Its headquarter is inWelwyn Garden city, Hertfordshire, UK. It is the third largest retailer which measured by worldgross revenue and the shops in the 7 countries across the Europe and Asia. It was founded in1919 as the groups of market stalls and there are 6,569 number of shops in various locations. Ithas minimum revenue of 57,491 million per year and the number of employees working withTesco is 460,000. It expanded globally in 11 other countries and it has diversified the areas intoso many things such as electronics, clothing, furniture, telecoms and retailing of books. It facedmajor criticism for abusing the positions of monopoly and also contribute the environmental andsocial problems by plugging the society in it. Tesco consider and concentrate on the achievement of the supermarket. It comes with amerger safety ways which disallowed the competition. It is equally impressive when it considersthe share of retail market. It measures the favoured growth and sales growth on the existingshop-floor. The direct impact on the environment of the Tesco is on the distribution centres,stores. Tesco has the secondary listing on the stock exchange with its name Tesco PLC. Thetarget of the company is to improve and provide the good quality of the products rather than onlyfocusing on the cost of the goods and services(Holten and Brenner, 2015. ). It improves theirperformance and make the brand image in the global market from which it retains customers and1
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