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Leadership Style and Management Practice - Tesco

   

Added on  2021-02-20

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Context of Business
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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. History and summary of company..........................................................................................12. Vision, leadership style and management practices and strategies making use of varioustheories........................................................................................................................................23. How it can be achieved or implement by company................................................................44. Recommendation for improvement.........................................................................................5CONCLUSION...........................................................................................................................5REFRENCES...................................................................................................................................6INTRODUCTIONIn every organisation, management plays an essential role as it manages their businessoperations which leads to execution of work in effective manner. Along with this, the manager ofa company manage and evaluate performance of their employees in order to enhance profit andprofit as well as maintaining sustainability of business at competitive market place. With the help
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of this, manager solve the problems and issues of their employees by which they feelcomfortable in an organisation through that they leads towards productivity and profitability.Furthermore their main motive is to attain organisational goals and objectives so that they able tomaintain positioning at market place (Easterby-Smith, Thorpe and Jackson, 2012). Tesco plcgroup is chosen as a base company in this present report and it provides grocery products acrossthe world. Its headquarter in Welwyn Garden city, England, United Kingdom which is foundedby Jack Cohen in the year 1919. In this report, various things has been covered which includeshistory and summary of the company as well as vision, management practices and leadershipstyle and explain how it will adopted by this company. At last, recommendation forimprovement are going to be mentioned in this present report. MAIN BODY1. History and summary of company.Tesco plc group is one of the largest retailer across the world. Along with this, itsheadquarter in Welwyn Garden City, Hertfordshire, England, United Kingdom. This company isfounded by Jack Cohen in the year 1919. Along with this, it deals in various products such asclothing, furniture, grocery, financial services, software and so on. Furthermore, in Tesco around460,000 employees are worked in the company. Also, this company has various subsidiaries thatare Tesco Bank, Tesco Stores Ltd., Dunnhumby, Booker Group, Jacks and may more. This isalso known as market leader of groceries in UK as they have various shops or stores in manycountries. By this, it covered huge market share and expand their business at international level.Moreover, they operate their business in various countries such as Europe, Ireland, Thailand,Poland etc. and has around 6,569 shops across the world (Belbin, 2012). The Mission statementof Tesco plc group is that we innovate which is better, together in order to fulfilling customersneed and wants accordingly. Whereas its vision statement make with five element which saysthat they generate innovative ideas by which they expand the business al global level and getvarious opportunists. With the help of this, they enhance skills and capabilities in theiremployees as well as gain trust and loyalty from potential customer by which they maintain thesustainability of company at competitive market place. The Tesco brand come out in year 1924. This name appeared when Cohen purchase ashipment of tea from Thomas Edward Stockwell. Along with this, Tesco name is become with
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