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MFRD TABLE OF CONTENTS INTRODUCTION

   

Added on  2020-01-15

8 Pages2188 Words337 Views
MFRD

TABLE OF CONTENTSINTRODUCTION................................................................................................................................1TASK 1.................................................................................................................................................1a) Tesco's current corporate goals and objectives and four function of management.................1b) Tesco's organizational structure..............................................................................................1Task 2...................................................................................................................................................2a) Importance of Internal analysis for strategic management process.........................................2b) Ways to create innovative organisation cultures.....................................................................3c) Benefits of effective communication.......................................................................................4Conclusion............................................................................................................................................4References............................................................................................................................................6

INTRODUCTIONIn the present age of competition, business environment becomes toughter day by daybecause of full of uncertainties and complex market environment. Therefore, it becomesnecessary for the management to take quicker and effective decisions so that business cancompete effectively and operate successfully (Schultze and Leidner, 2002). Present project reportis based on managerial decisions in Tesco Plc. It is a grocery and general merchandise retailerwhich was headquartered in Hertfordshire, England, UK. It is offering vairety of food productsto large number of customers. The report will discuss the management functions, organizationstructure, culture, its strengths, weaknesses and the significance of effective businesscommunication to acomplish strategic goals and objectives. TASK 1a) Tesco's current corporate goals and objectives and four function of managementTesco has main objective to run business for a long period successfully. Its vision is togrowing business consistently so that business can achieve high success. Tesco has core vision isto provide services at global level to get high customer loyalty and trust (Morrill and Morrill,2003). Currently, Tesco's target is to enlarge their sales revenues to 1 billion pound in next 5years. While, Tesco's strategies comprises growing operations in UK, high valued brands,becomes a global retailer company through online services and its stores, diversifying marketsegments, fulfil society responsibilities and create value based customers. Tesco store manager's four managerial functions that are planning, organizing, leadingand controlling helps to accomplish corporate objectives. Store manager can make an effectiveand strategic business plan so that all the operational function will be perform accordingly. It willhelps to remove potential threats and take benefits of market opportunities so that objective canbe achieved. Through organizing, store manager can assure optimum utilization of resourcesthrough efficient allocation (Jaspers and et.al, 2004). While, leading comprises motivation,communication, inspiration and encouraging staff so that productivity can be improved. At last,controlling function helps to assess actual performance with the planned. So that, effectivedecisions can be carry out to improve future performance. b) Tesco's organizational structureDivisional organization culture: Tesco has divisional organization culture in whichvarious divisions are operating in the organization. With reference ton Tesco, various1

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