Management Thought and Practices

Management Thought
and Practices

Contents
INTRODUCTION.......................................................................................................................................3
Overview of the organisation...................................................................................................................3
Role of operations management in supporting the business aims and objective of Tesco.......................3
Investigation into two management approaches to show how the organisation could ensure the business
management functions contribute toward the growth and development of the organization....................4
Analyse the importance of motivation in the workplace business...........................................................7
Effective communication and team work support in the business performance.......................................9
CONCLUSION.........................................................................................................................................11
REFERENCES..........................................................................................................................................12

INTRODUCTION
The significance of management practice and approaches has increased lately due to the
emerging opportunities and competitiveness within the market domain. In order to maintain a
stable position and acquire success, it is vital for business institutions to assimilate suitable and
reliable management approaches through which it can attain massive leverage in its concerned
business industry. The report highlights upon the function of operational management in regard
with facilitating support to the business objectives of Tesco organisation. Along with this, a
detailed investigation is conducted in order to determine two major management approaches that
can be utilised by Tesco in order to encourage development of the institution within the market
industry. Also, the value of motivation, communication and teamwork in the workplace setting is
also discussed under the concerned report.
Overview of the organisation
Tesco can be considered as an international firm operating within the supermarket retail industry.
The successful business enterprise was founded by Jack Cohen in the year 1919 in the London,
United Kingdom. The firm provides variety of goods and services to its target customers such as
home appliances, clothing, technical goods, food and beverage etc. Tesco is a renowned and
popular organisation within United Kingdom and other parts of the globe.
Role of operations management in supporting the business aims and objective of Tesco
Operations management can be termed as a prominent management practice that involves the
design, implementation and monitoring of business process and procedures in respect to the
facilitation of production and operations of goods and services (Mišić and Perakis, 2020).
Operational Management mainly involves the advance and effective transformation of
managerial inputs such as labor, material and machinery into valuable output i.e. products and
services in order to generate excellent profit margins in the concerned industry.
 In context to Tesco, the major purpose of leading the process of operations management
is to ensure that business activities and operations of the institution are conducted in an
efficient and competent manner with the optimum utilization of the available resources.

The operations management of Tesco focuses upon the regulation of continuous and
capable management practices and progression in a systemized and structured approach.
 The operations team of the enterprise is also involved in the appropriate examination as
well as allocation of the advance resources within the organizational environment in a
significant manner. The respective practice further assists the business organization to
facilitate a regular supply of products and services to their target customers and achieve
the business goals and objectives of the company with productivity and consistency.
 Operational management also helps Tesco to effectively examine and evaluate the quality
standard of the products and services catered by the business enterprise within the market
(Benjaafar and Hu, 2020). It assists the firm to identify the potential gaps in the quality of
goods and help the same to eliminate the existing gap in the finest manner. It further
contributes in the acceleration of customer satisfaction which in turn results in the
elevation of customer retention for a longer time frame.
 Tesco capitalise upon prominent operational management tools and tactics so as to
maintain an optimum flow of information within the organisational setting. Along with
this, the enhanced concentration upon operational practices also helps the business
organisation to increase the coordination of diverse business activities and boost the
overall productivity of company operations in a proficient manner.
Investigation into two management approaches to show how the organisation could ensure the
business management functions contribute toward the growth and development of the
organization
It is extremely necessary and integral for Tesco to lead continuous improvement within its
business structure, management practices and strategic direction in order to meet up to the
expectation of global business. The following mentioned management approaches can be
adopted by Tesco in order to grow and sustain the business environment:-
Management by Objectives
Management by objective can be described as a strategic approach formulated in order to
improve the business performance and speed up the growth of the business enterprises in the
long run. The respective business approach has incorporates a defined and detailed set of
business objective that are aligned with the members of the organisation in a definite manner.