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Context of Business - Tesco Assignment

   

Added on  2021-02-19

11 Pages2840 Words19 Views
CONTEXT OF BUSINESS
Context of Business - Tesco Assignment_1
AbstractThis study summarises leadership style, management practices as well as wellorganisational culture that influences performance and effectiveness of business operations.Leaders and managers play an important role in developing an effective and healthy workingenvironment within an organisation. The present study focuses on a well-known retailorganisation – Tesco, the managers or leaders uses democratic leadership style also known asparticipative leadership style. It assists in motivating the employees leading towards thedevelopment of healthy working environment. The report also identifies alternative optionsavailable for the chosen organisation in context to leadership and management. It is suggestedthat Tesco can imply transformational leadership style for improving decision making process byusing unique and innovative ideas of the each and every employee.
Context of Business - Tesco Assignment_2
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................31. Brief history and summary of the business ............................................................................32. Vision, leadership style, management practices and organisational culture ..........................43. Impact of the culture and management style on the business functions and strategies..........64. Recommendation to make improvement in leadership and management practice. ...............7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
Context of Business - Tesco Assignment_3
INTRODUCTIONBusiness context refer to the background, environment, situation of the businessorganisation, settings and framework of the business, and circumstances under which employeesperform. All these can be said to the context of the business. This study of the business context isall based on the Tesco organisation, which is the trending British multinational retailer of theUnited Kingdom. It is the third largest retailer in the United Kingdom and ninth largest retailer inthe world. This report will include the detailed information of the chosen organisation which isTesco. Furthermore, this will include the vision, leadership style, management practices and theorganisational culture of the organisation by using different theories. Through this file influenceand impact of the organisational culture and management styles will also being explained. Andlastly recommendation will be given in order to improve the leadership styles, managementpractices and various strategies. MAIN BODY1. Brief history and summary of the business Tesco is the British multinational and trending retailer of the United Kingdom. Theheadquarter of the Tesco is in Welwyn Garden city, Hertfordshire, England, United Kingdom.On the basis of its gross revenue, it is the third largest retailer in the United Kingdom and theninth largest retail operator in the world measured by it revenue. Tesco is the public limitedcompany, which was founded in 1919 by the Jack Cohen, whose motto was “Pile it high and sellit cheap.” It serves its services to the number of locations such as, United Kingdom, Ireland, India,Malaysia, Thailand, Czech Republic, Hungary and Poland with having 6,569 shops by the 2018,around the the world. Tesco has 460,000 number of employees by 2017, who help the companyto accomplish all its task and objective by giving the best services to their customers and otherstakeholders (Kew and Stredwick, 2016). It serves different product like supermarket,hypermarket, superstores and convenience stores in different countries and gain the maximumamount of the profit revenue. By the end of the 2018, revenue of the Tesco was £57,491 million. Its operating cost was£1,644 million by the end of the 2018 and the net income of the Tesco was at the end of the 2018was £1,208 million. Tesco has different subsidiaries as well namely, Tesco stores Ltd. Tesco
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