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Leadership and Management at Tesco Inc

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Added on  2021-02-20

Leadership and Management at Tesco Inc

   Added on 2021-02-20

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Context of Business report
Leadership and Management at Tesco Inc_1
. Table of ContentsINTRODUCTION...........................................................................................................................3TASK...............................................................................................................................................31 Brief history and summary of the business...............................................................................32. Analyze the organizational environment of the selected business..........................................43. Analyse the organizational culture and management style affect their business.....................54. Recommendations for the business to improve its organizational management andleadership style............................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
Leadership and Management at Tesco Inc_2
INTRODUCTIONIn this report it discusses leadership and management at Tesco Inc. and Tesco is consideredto be the largest retail chain in the UK. The company's mission is to ensure that value is createdfor customers to build long-term customer loyalty. Tesco integrated relies on two importantbusiness solutions. The first solution is always wise to treat customers as someone wants to betreated. Second, it's always good to try to be soft to our customers. The main purpose of thiswork is to discuss leadership, management practices, management integration, organizationalculture, and the style of power in Tesco.TASK1 Brief history and summary of the businessTesco is one of the leading retailers in the UK and one of the largest retailers in the world.The Tesco store was founded in 1919 when Jack Cohen began selling additional foodstuffs fromkiosks at Brixton's East End store, located in London. On the first day, Mr. Cohen made a profitof £ 1 on sales of £ 4. However, the Tesco brand became visible after five years and later in1924, when Mr. Cohen bought tea from Mr. T. E. Stockwell. What was later combined with theinitials to form Tesco and Mr. Cohen opened the flagship Tesco Store at Burn Oak, NorthLondon. In 1930, the Tesco brand continued to grow and Mr. Cohen decided to set up aheadquarters in north London, and in 1932 Tesco became a limited liability company (PLC). In1947, Tesco Ltd shops rose to the top of the stock market at a price of 25 pence. They also sellnon-food products such as clothing and electrical equipment. Tesco employs around 326,000people and operates around 2,318 stores in the UK, Europe and Asia. According totescocorporate.com, the Group achieved sales of £ 42,641 billion in 2007, an increase of 8.1%from 2006. (Bonnitcha and McCorquodale, 2017) mentions the company's net profit of £ 1.892million for fiscal year 2007, up 20.5% from 2006.Tesco opened a company with a wholesale store, but later developed into a market with awider choice of retailers. Tesco also enhances business with a variety of services. Whichincludes insurance, travel agents and telecommunications, finance and other products? Tescoalso has an influential gasoline retail business. Tesco, however, is mainly present insupermarkets as well as hypermarkets, because they are very different because of revaluation.The company has continuous operations, which constantly cover various facilities and sales ofgasoline through the Tesco Express fascia, their small roads on Tesco Metro, supertsentri at
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