Corporate Strategy and Governance - Tesco Assignment
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Added on 2021-01-01
Corporate Strategy and Governance - Tesco Assignment
Added on 2021-01-01
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CORPORATE STRATEGYAND GOVERNANCE
Table of ContentsMAIN BODY...................................................................................................................................1Research Proposal.......................................................................................................................1Introduction, background and review of the problem.................................................................5Literature review.........................................................................................................................5Discussion of primary and secondary research data ..................................................................5Critically reviewing results of research.......................................................................................5Recommendation and action plan...............................................................................................5REFERENCES................................................................................................................................6
MAIN BODYResearch ProposalIntroduction about problemThe major issue or problem faced by Tesco PLC was issue in proper implementation ofCSR in company. The report aims to provide recommendation to firm on how failure can beovercome and overall operational activities can be enhanced in a better manner. This will helpfirm to enhance its operations and seeking recommendations, desired profits would beaccomplished upscaling corporate strategy and governance.AimTo determine the significance of corporate strategy and governance for resolving issue inretail sector- A study on Tesco PLCObjectivesTo evaluate industry life cycle of Tesco on corporate strategy.To understand the corporate governance structure and its effectiveness in Tesco.To examine Corporate governance failure and give suggestion which contributes ineliminating barriers in Tesco.Research QuestionsQ1. What are the factors leading for corporate governance in accomplishing solution to problemin Tesco PLC?Q2. Do implementation of corporate governance leads to attainment of solutions to problembeing identified in Tesco PLC?Q3. Do corporate governance failure leads to affect overall performance of Tesco PLC?Significance of studyThe significance of conducting present research is to effectively identify how corporategovernance can be used for resolving issues being faced by company. It is required that problemshould be reviewed in a better way by the researcher. Principal issue or problem faced by TescoPLC is technology as risk is continuously increasing and needs to resolve at the earliest (TescoPLC strategic report. 2018). In this report, there was issues in relation to implementation of CSRin Tesco and it has to be executed to develop IT structures and key IT systems, well-defined1
corporate strategy needs to be implemented so that efficiency can be met. If failure continue toexist, inability in meeting financial or regulatory penalties will prevail which will impact overallreputation of Tesco PLC. Thus, study will be conducted for providing solution to businessLiterature ReviewTheme 1- Relationship of corporate governance and company's performance in industry lifecycleAs per the views of McCahery, Sautner and Starks (2016), business is to effectivelyformulate strategies so that it may be able to attain benefits in the form of increased profits. Thesustainability of long run in the market is achieved by firm when it implements effectivecorporate governance in effective manner. The shareholder's value creation is the ultimate aim ofcompany so that relationship with them can be strengthened leading to have ample of investedamount for meeting funding requirements. It means that firm will be able to achieve desiredprofits as it could invest in things so that adequate returns may be generated in a better way.These returns are passed on to shareholders as per their respective shares in company anddividends are paid. This leads to achievement of shareholders' objectives with the help ofcorporate governance.Davies (2016) says that corporate strategy is important for up scaling the business aheadof its competitors and earn good amount of market share. Corporate governance refers to howinternal management and policies are being regulated by business in accomplishing set targets bygenerating desired output. For accomplishing this, internal rules are required to be implementedwhich determines how a company is directed to meet its goals. The industry life cycle of retailsector in UK is at growth stage leading to earn more profits. By strengthening corporategovernance in effective manner, organisation become able to earn more profits. The retailindustry also provides clarity that there is fierce competition in firm which corporate governanceplays crucial role leading to attainment of firm's objectives.Theme 2- How corporate strategy and governance is helpful in meeting solutions andovercoming barriersRao and Tilt (2016) analysed that corporate strategy and governance are interrelated andinterdependent terms which leads company to be directed in a better way for achieving groupgoals. The contribution of corporate governance help business to analyse, interpret problems.This help to make or formulate well-constructed teams which then wholly analyse issue and2
recommend solutions in effective way. It provides benefits to firm as strategic management isstrengthened and goals can be attained without any difficulty. Furthermore, root cause of issue isanalysed and proper corporate framework is then implemented for achieving efficiency ineffective manner. In accordance to ArAs (2016), strategy formulation of company provides way tocompany for strengthening organisation internally by implementation of rules, policies and legalframework. It then serves as the base for company in filing the gap by which desired outputcould be achieved. In simple words, organisation gets directed in proper way which helps toaccomplish objectives and rivalries are reduced up to a high extent. Company gets benefit asissues are handled as per the corporate governance framework for outreaching rivalries. Thebarriers of company can be overcome by following and implementing well-mannered rules sothat firm may be able to attain efficiency in meeting CSR and benefit society in effectivemanner.Research MethodologyResearch Type-The research type can be categorised into qualitative and quantitative method (Silverman,2016). For current research, scholar will implement qualitative method so as to analysesignificance of corporate governance in resolving technological issue being faced by Tesco PLC.Research Design-Research design helps to execute research in a proper direction. Exploratory anddescriptive are mainly used techniques for research design. Researcher will use exploratoryresearch design in order to attain useful insight about corporate governance and strategy in TescoPLC and thus, research aim will be met.Research Approach-The research approach consists of deductive and inductive. For assessing the importanceof corporate governance, deductive approach will be utilised in order to make proper frameworkin effective manner and hypothesis is formulated and then observations are made for accepting orrejecting the same.Research Philosophy-3
There are mainly used two types of research philosophies such as interpretivism andpositivism. For present research, researcher will use interpretivism philosophy for interpretingtopic in hand.Sampling-The sampling serves as the basis for getting data (Vaioleti, 2016). Researcher will applysimple random sampling method for gathering data by issuing online questionnaire to 30managers of Tesco PLC. The responses will be recorded and results will be attained of research.Data Collection- Primary and secondary data will be used by researcher. For achieving primary data,questionnaire will be offered to 30 managers of Tesco PLC. On the other hand, secondary datawill be gathered from reliable articles, books, journals etc.Data Analysis-Data analysis is crucial part in research. For analysing data, thematic analysis will beimplemented by researcher for making themes and results will be interpreted thereof. Thus,research aim and objectives will be met.Research Timeline (Gantt chart)Activities12345678910111213Topic of Research proposalDevising aim and objectives of researchResearch BackgroundImplementing 4
methodologies of researchGathering data from primary and secondary sourcesExamining collected informationInterpreting dataConclusion and recommendationsSubmitting draftCompleting feedbackSubmitting reportIt can be interpreted from above Gantt chart that project will get completed within 13 weeks.Research ProjectIntroductionThe corporate governance has become the buzz word in management. This will beinclusive of system and procedures that are designed to structure the authority and to buildstrategic planning to develop the working in the enterprise (Mutlu and et.al., 2018.).Furthermore, the corporate governance is the term that is helpful in order to balancing the5
profitability in the enterprise. The recognisance of the external stakeholder is one of the crucialpart of the corporate governance. It provides business enterprise the ability to offer high qualityand fairly priced product and services. The present report is based on resolving the issues onretail sector so that firm can achieve high term of growth. However, the consumer buyingbehaviour is continually evolving as the new technical advancement gain more popularity in themarket. Thus, retailers need to leverage the technologies to better understand and target thecustomer in order to maximise the effectiveness in market. Background of the projectThe present report is based on business activities of Tesco Plc, in this the strategic andimpact of corporate governance has to be identified so that all things can be done in better mode.Thus, by strategically managing the relation with external stakeholder will be crucial in order toplace high value on business ability to offer high quality and fairly price product and services tothe customers. It will be inclusive of the system and procedures that designed to produce andprovide accountability so that profitability and sustainability can be enhanced. Thus, with help ofimplementing the corporate social responsibility there will be effective and fastest growth incorporate governance (Bottenberg, Tuschke and Flickinger, 2017 ). In this, the main object ofCSR is to embrace responsibility and impact of environmental, social and community issues canbe determined in better mode. AimTo determine the significance of corporate strategy and governance for resolving issue inretail sector- A study on Tesco PLCObjectivesTo evaluate industry life cycle of Tesco on corporate strategy.To understand the corporate governance structure and its effectiveness in Tesco.To examine Corporate governance failure and give suggestion which contributes ineliminating barriers in Tesco.Statement of the problemThe retail industry is the driving force in the UK. There are number of the issues as arelack of worker continuity, employment turnover and the number of the another issues that can6
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