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(Solved) Leadership and Management Styles

   

Added on  2020-10-22

9 Pages2471 Words109 Views
Context of Business

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1History and summary of business...............................................................................................1Vision, leadership style, management practices and strategies of the organisation and theirimplementation............................................................................................................................2CONCLUSION...............................................................................................................................5REFRENCES ..................................................................................................................................6

INTRODUCTIONManagement is significant part of every business organisation, it's main role is toassemble people and resources in an appropriate manner for their optimum utilisation.Leadership is one of the aspect of management which is used to lead employees in a direction inorder to achieve organisational goals. It ensures motivation of employees working in the businessentity. Management practice on the other hand is creating system for the purpose of improvingthe efficiency in the business (Cheng, Yip and Yeung, 2012). These two term are often used inthe business context. The company which has been selected in the report is TESCO, a very wellknown brand operating in retail sector. It was founded in the year 1919 by Jack Cohen, runningin various counties and it's main headquarters are in England UK. In the report topics which hasbeen covered are brief history of the chosen organisation also discussion about vision, leadershipstyle, management practice and strategies used within the organisational context.Recommendations are made in the end with regards to improvement in the managementpractices. MAIN BODYHistory and summary of businessTESCO is the largest retailer in the UK, it was founded by Jack Cohen a Jewish migrantin 1919 with group of stalls. It mainly deals in the providing groceries and general goods. Thecompany has expanded over the years due to it's effective strategic planning. Customers weregiven priority and wide range of products and services in different categories such as onlineshopping, insurance, banking etc. are offered to satisfy their needs. By operating variouscountries the company has successfully managed to achieve global status (Stieninger andNedbal, 2014). The main reason of TESCO's growth is that it delivers products and services at anaffordable prices to the consumers. Through the cheap pricing strategy large number customersare attracted towards the company. Employees of TESCO are known for their hospitality,training is given to them on how to effectively manage relationship with the customers.Engaging themselves with online business has given further boost in the sales of the companythough major competitors like Sainsbury and Asda are providing more quality in low prices intheir products which is causing severe impact on the business. 1

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