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Context of Business - Tesco and the Rationale

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Added on  2020-10-23

Context of Business - Tesco and the Rationale

   Added on 2020-10-23

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Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................31.) Brief history and summary of Tesco and the rationale..........................................................3Rationale of the study..................................................................................................................32.) Assessment of the vision, leadership style, management practice and various strategies andtheories........................................................................................................................................33.) Design and development of the organization........................................................................64.) Recommendations and improvements...................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Context of Business - Tesco and the Rationale_2
INTRODUCTIONThis study will highlight, brief history and vision of the Tesco company. This study alsoincludes leadership styles, management practices and various strategies and theories. It alsoincludes design and development of the organization with improved recommendations foreffective results and outcomes of the company, with improved operational efficiency,performance and productivity. MAIN BODY1.) Brief history and summary of Tesco and the rationale.Tesco plc. is on of the leading British multinational retail company which was founded inthe year 1919 by Jack Cohen. The Tesco company is headquartered in Shire Park, WelwynGarden City, Hertfordshire, England. Tesco plc. Has operations in United Kingdom, Republic ofIreland, India, Czech Republic, Hungary, Slovakia, Japan, Poland, Malaysia and Thailand. Tescois one of the third largest retail company in the world in terms of gross revenue and ninth largestretail company as measured by revenues. Tesco is a market leader of groceries in UnitedKingdom with market share of around 28.4% and over 6800 shops around the world. Tesco plc.is one of the diversified industry which mainly deals in clothing, electronics, toys, groceries,petrol, software, telecom, financial services and internet services (Wood, Wrigley and Coe,2016). Rationale of the study.The main focus behind choosing Tesco plc. is that it is one of the leading company andoperates its business in United Kingdom and rest of international. Tesco offers wide range ofproducts ranging from low value Tesco products to high value Tesco products. Tesco plc.follows hierarchical organizational structure, which helps in systematic implementation ofvarious management theories, leadership styles and management theories, practices andstrategies in the dynamic structure which leads to higher operational efficiency and productivity.2.) Assessment of the vision, leadership style, management practice and various strategies andtheories.Vision of Tesco plc. Tesco plc. aim at being one of the most highly valued business to serve the customers andcommunities in which they operate. Tesco vision is segregated into five core elements that
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