Leadership Style and Management Practices - Tesco

Added on - Dec 2020

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CONTEXT OF BUSINESS
Table of ContentsINTRODUCTION...........................................................................................................................1Main Body.......................................................................................................................................11. Brief History and summary.....................................................................................................12. Vision, Leadership style, management practices and Various strategies................................23. Above have been achieved and implemented by the firm......................................................44. Recommendations for improvement......................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONBusiness refers to buying and selling of goods and services in order to earn profits. Business is acommercial activity done by people or group of people as an occupation. The project report incontext of Business will outline the Brief History and summary of the Tesco plc. The report willfurther on the basis of its research of Tesco plc will explain about the vision, leadership style andmanagement practices of the company. By making use of various theories report will discussabout the various strategies of Tesco plc. The report will analysis that how Tesco plc has beenachieved and implement the above strategies in their business. Lastly the report will provide therecommendations for an improvement of leadership styles, management practices and thevarious strategies in Tesco plc.Main Body1. Brief History and summary.Tesco PLCTesco plc is a British multinational groceries and merchandise retailer in the United Kingdom.The Company was founded in the year 1919 and its founder was Jack Cohen. Tesco plcheadquarters were located in Welwyn Garden city, Hertfordshire, England in United Kingdom.At initially the company was a group of market stalls. Later in the year 1924 it was named asTesco after Jack Cohen purchased a shipment of tea from T. E. Stockwell. The first Tesco shopwas opened in the year 1931 which was located in Burnt Oak, Barnet. The Tesco is a listedcompany on the London Stock exchange. The Tesco plc grew up rapidly between the year 1950'sand 1960's. On march 21 in the year 1997 Tesco plc purchased the retail arm of AssociatedBritish foods. The Tesco plc became involved in the internet groceries retailing on July 21 in theyear 2001. The Tesco plc purchased the C Two Networks in Japan in the year 2003. In the year2006 Tesco purchased 80 % stake of Casino's who was leading company in Prime supermarketsin Poland. In the year 2013 the Tesco purchased restaurant and Cafe chain Giraffe with aconsideration of£48.6 million. On January 27 in the year 2017 Tesco plc had merged withBritain's largest wholesaler Booker group. In today's date Tesco plc is one of the leading retailerin the United kingdom with a market share of 27.4%.1
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