Advantages and Disadvantages of Tesco Structure and Business Functions
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This report discusses the advantages and disadvantages of different types of Tesco structure, as well as the responsibilities of business functions. It also explores the impact of positive culture on Tesco.
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INTRODUCTION TO MANAGMENT
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Business functions and Management structure..........................................................................3 Disadvantages of hierarchical structure:......................................................................................3 Advantages of matrix structure....................................................................................................4 Business function and there responsibilities................................................................................4 Marketing function and its relation to business...........................................................................4 Management function and there responsibilities.........................................................................5 How planning and organizing help business grow......................................................................5 Role of HR in talent management................................................................................................6 Tesco culture and impact of positive culture on the Tesco..........................................................7 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................1
INTRODUCTION Management the term refers to that it is the act of getting things done with the help of others and having them do it willingly(Lewin and et.al., 2016). This report will lay emphasis on the advantages and disadvantages of different type of Tesco structure. Business function and there responsibility. Presentreport focuses on Tesco is considered as a British multinational grocery firm as its headquarter inWelwyn Garden City, England . Present Report focuses on Business functions and Management structure,Disadvantages of hierarchical structure: matrix structure, Business function and there responsibilities relation to business. Organizing help business grow, Role of HR in talent management impact of positive culture on the Tesco MAIN BODY Business functions and Management structure Advantage and disadvantage of different type of business Tescol structure : Hierarchical Tescol structure, a hierarchy is defined within an Tescol structure. Different level of authority are connected with a chain of command and different management levels with in the Tesco (Lewin and et.al., 2016).. Advantages of hierarchical Tesco, this type of structure can provide benefit to the business in terms of establishing of, Reporting within the business Tesco and clear lines of authority Better understanding of roles and responsibility to the employee under this structure Decisions at different management levels are responsible for actions Motivation for employees with help of occupation paths and development potentiality Development of expertize within the field and different opportunities for employees With the use of narrow span of managerial control the close oversight of employee is done In hierarchical structure there is a loyalty culture towards the team and departments Disadvantages of hierarchical structure: There is a complicated chain of command which in terms can slow down the decision- making Uniformity in different managerial level can be identified which can delay the work There is a delay in communication vertically and horizontally between different teams due to the structural formation.
There is less flexibility rate for the adaption for different environmental and market pressure Less connectivity to the top-level management Lack of freedom can cause stress to the employ and manager relationship Matrix Tescol structure, it is a combination of more than two types of Tesco structures. it is mainly used in large and diversify Tescos which operates in different product lines. Advantages of matrix structure Higher motivation, matrix structure boost the moral of employee as there is freedom to share thoughts and knowledge Resource sharing, by adequately allocating managerial duty it ensures efficient human resource Disadvantage of matrix structure Higher confusion, there is confusion between the employees whose orders to follow and who will provide the guidance and whom to report. Increase in accountability and workload, the employees have to bear a high rate of accountability when the managers are loaded down with responsibilities(Deepak and Jeyakumar 2019). Business function and there responsibilities There are different functions being performed in business which are as follows Production, marketing and human resources management Production, it is the action of creating or manufacturing any product or service within the Tesco for the purpose of selling it. Marketing-it is the action of advertising or promoting of the product been manufactured by the help of market research, Human resource management, this includes of managing people in Tesco for the better results and increase in performance (Lewin and et.al., 2016).. Marketing function and its relation to business. Marketing department works with the production department to fulfil that Production, to satisfy customer needs and wants a research and development is done. The product can be modified as per the customers' requirement with specific design and quality of product.
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The amount of orders produced by the marketing can be fulfilled within the required scheduling time for delivery. Marketingdepartmentcanset deadlinesthatmayincreasethe capabilitiesof production department. Financial department There is limited amount of budget for the need of research, distribution and promotion. Financial department has its own financial capabilities for different departments of the Tesco, marketing department may wish to spend more on its profitable marketing opportunities. Marketing focuses on sales volume and building shares. The finance department is more of focused towards the cash flow, pay back investment and cost covering the cost as soon as possible(Prasad 2020.). Human resource management, marketing department work closely with HRM to ensure there are proper skills and staffing in place, Idea of new product with the help of research and development meet the productions goals HRM department work closely for the recruitment and grooming program, it will have to balance between the cause to marketing with various other department (Lewin and et.al., 2016). Management function and there responsibilities The basic four function of management are planning, controlling, organizing and leading. Planning, it includes of setting goals and taking the best possible way to achieve it. The process includes of developing different strategy for achieving the targeted goal. Controlling, helps to seek the planned results from all the different level of Tesco, it helps in measuring the progress of the Tescol goals (Lewin and et.al., 2016).. Organizing, in this process the given work is divided among different workers as team to well organize the work and complete it in a short span of time. Leading, it is the most basic function in an Tesco which includes of motivating an infusing the employ to achieve the Tescol objectives. How planning and organizing help business grow Planning helps management by different objectives
It starts with the determinationof objectives,it makesobjectivesclear, it brings rationality within Tesco. It reduces the risk of uncertainty because it involves outlook of future events, planning ease coordination, it rotates around the Tesco for full filing the Tescol objectives, it improves employs moral toward working and achieving the goals it encourages the employs to perform best and receive reward in return, planning ease controlling by doing effective planning it secures economy and leads to systematic allocation of different operations, Planning uplifts innovation, managers have the chance to give suggestions for the better improving performance(Söderlund, and Borg, 2018), planning includes of creative thinking that at last leads to invention of different methods and operations for the purpose of growth and prosperity of the Tesco. It facilitates controlling, planning predetermined goals against which actual performance is compared, planning includes of predicting which not only protect its future but it is Abel to keep an idea about coming motives of its challenger which helps in facing the future challenges. Organizing, it helps in the increase of managerial efficiency. Balance in Tesco helps the managers to increase in efficiency (Subramanyam,and Hagstrum, 2018)There is a decent utilization of resources. Sound communication is also possible it is essential for decision-making at the right time. Coordination is an important factor in organizing in order to achieve successful objective for the Tesco coordination of different activities is essential. There is increase in specialization under Tesco where the hole work is divided into different parts. By managing a particular type of work for a long time they become experts of a particular department. This enables them to have peak work performance in the nominal required time. This enables them to havemaximumworkperformancewhiletheTescogetstheprofitof specialization(Subramanyam,and Hagstrum, 2018). Role of HR in talent management Talent management is part of HR which includes of recruiting quality employees for the efficient running of the Tesco and by grooming the employs by developing there skills and a continuousmotivationamongtherecruitedemploysitistheinitialfunctionoftalent management to create a motivated work force to stay in the Tesco for a long time.
Talent management has many responsibilities of HR. talent management strategy is required for the better outcome result. Talent management helps to maximize value of employees(Santalova, and et.al., 2017,). Tesco culture and impact of positive culture on the Tesco Tesco culture is environment where the business is being managed and has an impact on its success and failure. Culture is created and managed within the Tesco. Positive culture brings in values, vision, mission for the Tesco which plays a huge role for the better working of the Tesco which in terms includes of improvement in the performance of employees and team work, increase the moral in the atmosphere, increase in productivity and efficiency of workforce. There is also a satisfaction in doing the job as there is a positive work environment. Collaboration are also to be performed under the positive culture also the performance of work are enhanced under this. The most important factor of positive work culture is, it reduces the stress in the working culture which brings positivity in the working environment and in result thereisimprovementintheworkingoftheTesco(Subramanyam,andHagstrum, 2018)Employees also wish to work in an Tesco where there is positive environment and freedom of speech by sharing the experiences and knowledge in between in positive work environment which in result improve efficiency, productivity and performance. In such environment employ stay happy and positive and more satisfied towards the working culture which impact there family and friends as well. CONCLUSION From the above study it had been summarized that business function and management structure have advantage and disadvantage and The Business function and their responsibilities it also includes the Marketing functions and its relation to the business and Tesco culture and impact of positive culture on the Tesco.
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REFERENCES Books and journals Deepak, R.K.A. and Jeyakumar, S., 2019.Marketing management. Educreation Publishing. Lewin, A.Y., and et.al., 2016. The critique of empirical social science: New policies at management and Tesco review.Management and Tesco Review.12(4). pp.649-658. Prasad, L.M., 2020.Principles and practice of management. Sultan Chand & Sons. Santalova,M.,andet.al.,2017,December.EffectivetoolsformanagementofTesco. InPerspectives on the use of New Information and Communication Technology (ICT) in the Modern Economy(pp. 537-545). Springer, Cham. Söderlund, J. and Borg, E., 2018. Liminality in management and Tesco studies: Process, position and place.International Journal of Management Reviews,20(4), pp.880-902. Subramanyam, B. and Hagstrum, D.W., 2018. Resistance measurement and management. InIntegrated management of insects in stored products(pp. 331-397). CRC 1