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(PDF) The Importance of Organizational Values for Organization

   

Added on  2021-02-20

8 Pages2052 Words101 Views
Value and Contribution toOrganisational Success

Table of ContentsINTRODUCTION...........................................................................................................................1PART 1 ...........................................................................................................................................1Introduction to the Organization..................................................................................................1Introduction to Organizational structure and structure of the Tesco Company...........................1Organizational design and their link with organizational structure.............................................2Two approaches to the contribution of the HR functions towards organizational design...........3Emerging HR developments and adoption of HR practices in the context of chosen approaches......................................................................................................................................................4CONCLUSION AND RECOMMENDATION...............................................................................5REFERENCES................................................................................................................................6

INTRODUCTIONOrganisation success refers to the process of growing and progressing of theorganization. It can be measure in any organisation term such as profitability, revenuegeneration, turnover, brand image, customer satisfaction and achievement of organizationalobjectives etc. It is very important for every organization and for that, they required sound andsacred managers and leaders (Bailey and et.al., 2018). Present report will give overview of the chosen organisation. It will highlight theorganisational structure, organisational design and its relationship with organisational structure.It will also tell about the two approaches which can contribute the organizational design. It willalso demonstrate the emerging trends and their link with the approaches. PART 1 Introduction to the OrganizationTesco PLC is a large global company established in year 1919. Its headquarter is inHackney, London, England, United Kingdom. It is one of the leading company in retail industryin the world. It was founded by Jack Cohen. On the basis of the gross revenue, Company isconsidered to be 3rd largest company in the retail industry. The company is providing its productsand services to the limited market such as United Kingdom, India, Ireland, Thailand, Malaysia,Hungary, Poland and Czech Republic. Tesco Company has given employment to around4,50,000 employees. Tesco are working under various industry such as Retailing, Banking,Marketing, Telecommunications and hospitality industry (Tesco PLC (TSCO.L), 2019). Currently, the key people of Tesco Company are John Allan, who is non executivechairman and Dave Lewis, who is group chief executive officer (CEO). In year 2019, Revenue,Operating income and net income are £63,911 million, £2,206 million and £1,320 millionrespectively. Introduction to Organisational structure and structure of the Tesco CompanyOrganizational StructureOrganizational Structure refers to the framework in which organizational roles, activities,duties and functions are arranged in a sequential order which lead to build an orderedconfiguration in the organization. It helps organizational staffs to understand how a companywould run and operate in systematic manner for the achievement of the organizational goals. Types of Organizational Structure 1

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