(PDF) Corporate Strategy and Governance - Tesco
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Added on 2020-10-22
(PDF) Corporate Strategy and Governance - Tesco
Added on 2020-10-22
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Corporate Strategy andGovernance
Table of ContentsCHAPTER 1: INTRODUCTION....................................................................................................11.1 Overview and background of the research.............................................................................11.2 Overview and background of the organisation......................................................................11.3 Rationale of the research........................................................................................................21.4 Research Aim, objectives and questions................................................................................21.5 Structure of report..................................................................................................................3CHAPTER 2: LITERATURE REVIEW.........................................................................................52.1 Concept of human resource allocation...................................................................................52.2 Issues behind replacement of existing managers with new one under Tesco........................62.3 The importance of human resource allocation in TESCO for achievement of competitiveadvantage.....................................................................................................................................62.4 Relationship between human resource allocation and achievement of competitiveadvantages....................................................................................................................................7CHAPTER 3 : RESEARCH METHODOLOGY..........................................................................103.1 Primary Research.................................................................................................................103.2 Secondary Research.............................................................................................................12CHAPTER 4 : CRITICAL REVIEW OF RESULTS ...................................................................144.1 Critical review on the basis of secondary research..............................................................144.2 Critical review on the basis of primary research.................................................................15CHAPTER 5 : RECOMMENDATION AND ACTION PLAN....................................................24Recommendation.......................................................................................................................24Action Plan.................................................................................................................................25CONCLUSION..............................................................................................................................27REFERENCES..............................................................................................................................28
Topic“To ascertain the reason behind replacement of more than 1700 managers whooverseen services in stores and its impact on the organisation. A case study on Tesco.”CHAPTER 1: INTRODUCTION1.1 Overview and background of the researchCorporate strategy is the plan which is developed by an organisation to shape objectivesfor their business entity. Vision and Mission are also included in this plan. This strategy providesoverall scope and direction to corporation in order to ensure that organisation work together toachieve organisational goals (Marquis and Lee, 2013). Main aim behind practising conceptrelated to corporate strategy is to protect the interest of organisational stakeholders such asshareholders, suppliers, financiers, government, consumers and many more. In this research,understanding about corporate strategy is developed in order to investigate about models andtechniques by which productivity and profitability can be achieved by an organisation. Corporatestrategy helps business entities to attain efficiency in organisational operations and enables themto earn productivity and profitability. Main aim of both this concept is to provide benefit to bothinternal and external shareholders. It also helps in accountability and corporate socialresponsibility. 1.2 Overview and background of the organisationTo develop an understanding about corporate strategy, an organisation is selected namedas “Tesco PLC”. Tesco is a large scale public limited company which operates in retail market ofgeneral utilities and home appliances. This company has headquartered in United Kingdom butoperates in various parts of the world. This company uses the concepts of corporate strategy inorder to shape objectives of their business operations and ensure that their organisation isheading to correct direction. By investigating overview and background of this organisation ithas been ascertained that this company is going to remove managers of different-differentdepartments who oversee services in more than its 226 stores (Sethi, 2012). These managershandle operations like recruitment and HR duties, compliances, customer experiences,responsibilities for health and safety etc. These responsibilities are further shifted to 900 newmanagers. The reason behind this is effective human resource allocation over multiple stores.With the help of business strategy, TESCO has developed their vision, mission and1
organisational objectives on the basis of which operations of this company are conducted.Corporate strategy helps TESCO Plc to develop certain rules and regulations for theirorganisational operations. This company operates in retail industry due to which it is importantfor them to plan their objectives strategically and govern all their operations. 1.3 Rationale of the researchCorporate strategy is used to provide benefits and resolve issues which occur in businessdue to certain problems. Rationale is the significance about the purpose of conduction of thisresearch. Main reason behind conducting investigation about corporate strategy is to ascertainbenefits of these concepts in an organisation. Reason for this investigation is to identify theimpact of business models used by organisations on their corporate strategies. By conducting thisstudy, researcher can ascertain various aspects which effect strategies and plans of the business.This research is a primary investigation which is conducted using fresh resources due to whichrelevancy of this investigation is high. This research paper can help future researcher to gainunderstanding about these concepts and impact of business models on these concepts (Amran,Lee and Devi, 2014). This investigation can help readers to understand how corporate strategycan help management of an organisation to develop their objectives and why corporate strategydevelopment is important in a business entity. This research is based on TESCO Plc by whichinvestigator can enhance their knowledge about these concepts when used in organisationcontext. Past researches about the same concept has few flaws about the relevancy of thisconcepts to organisation. But this investigation has conducted using an organisation due to whichthere are no flaws present in this research work. 1.4 Research Aim, objectives and questionsResearch Aim:“To ascertain the reason behind replacement of more than 1700 managers whooverseen services in stores and its impact on the organisation. A case study on Tesco.”Research objectives: To analysis the basic idea of human resource allocation. To identify issues behind replacement of existing managers with new one under TescoTo investigate the importance of human resource allocation for TESCO to achievecompetitive advantage. 2
To examine relationship between human resource allocation and achievement ofcompetitive advantages. Research questions:What is the basic concept of resource allocation?What are the main issues behind replacement of existing managers with new one underTesco?What is the importance of resource allocation for TESCO to achieve competitiveadvantage?What is the relationship between resource allocation and achievement of competitiveadvantages? 1.5 Structure of reportConceptual framework is the blueprint for all the activities which are conducted in aresearch. In this research proposals, investigation using TESCO Plc is conducted which isclassified into five chapters which are mentioned below:CHAPTER 1 : INTRODUCTION – In this section of the research, an understandingabout the research topic is developed. Introduction refers to the overview and background of theresearch which provides understanding about the topic (Muchlinski, 2012). Research aim iscreated in this section which is based on the topic of research. Along with the aim, relatedresearch objectives and questions are developed. These objectives are the basis of the purposewhich states that why an investigation is being conducted. CHAPTER 2 : LITERATURE REVIEW – In this section, various sources areanalysed in order to build an understanding about the topic and research questions. Varioussources such as scholar books, articles and journals are used to answer all the research questions.This section involves theoretical information about the critical evaluation of the researchproblems. Main aim of this section is to investigate all research problems. In this sectionbusiness model used by TESCO Plc is applied.CHAPTER 3 : RESEARCH METHODOLOGY – The process of researchmethodology is used to collect data for the purpose of research decisions. This process includesvarious techniques of data collection and research techniques. In this section, discussion aboutsecondary and primary research is undertaken along with the techniques in order to gather alldata from respondents.3
CHAPTER 4 : CRITICAL REVIEW OF RESULTS – Under this segment ofresearch, results are ascertained which are raised by the questionnaire prepared in researchmethodology. Objectives developed in the research report are reviewed in order to identify allthe results which can conclude the research objectives and results.CHAPTER 5 : RECOMMENDATION AND ACTION PLAN – In this segment ofresearch, recommendations for the proposed research are developed. In this segment, variousadvises for the company such as TESCO Plc has provided about what they can do to improvetheir corporate strategies (Fernando, 2012). In this section, action plan for the research isdeveloped. Under this action plan all the activities which are required to be performed arerecorded.4
CHAPTER 2: LITERATURE REVIEW2.1 Concept of human resource allocationAccording to Khan, Muttakin and Siddiqui (2013), concept of resource allocation can bedescribed as distribution of resources in an organisation for carrying out major operations, in anoptimum manner. In this regard, major resources of a company include machineries, equipment,infrastructure, human capital, finance and more. In context with TESCO, for this company,employees are considered as main resources as they help in producing products or services as perdemand of customers. Therefore, in order to get best support and contribution of employees forproviding best services to people, it is necessary to allocate them on different job moreappropriately. If managers assign roles and responsibilities to workers according to their skillsand capabilities, then this will help in getting high performances of them. This would help ingaining high competitive advantage as well for present organisation.In order to achieve high competitive advantage, corporate strategy also plays a main rolein resource allocation. It refers to a strategic plan which defines corporate goals and objectives aswell as ways by which a company can achieve its objectives in given period of time. As perviews and different opinion of Ngo and O'cass (2013), it has been analyzed that globalizationassists corporations to concern more on competitive advantage. For this purpose, they have topay more attention on strategies to get high cooperation of workers for attaining set goals. In thisregard, corporate strategy has considered as a holistic view of entire business and take thecombined strategies (organizational, functional and departments) into account for sustainablecompetitive advantage. For this assistance, management of TESCO requires to manage portfolioof products or services, functional and business activities in appropriate manner. Therefore,corporate strategy will aid in setting phases and allocating resources for business expansion. Italso entails the flow of constant information between middle, top management and all units(Gelens and et. al., 2013). Henceforth, under well governed setup of corporate-strategy inTESCO- requirement of transparency, disclosure and accountability help in leveraging the futurecourse of action, for getting support of human resource in winning competitive advantages. 2.2 Issues behind replacement of existing managers with new one under TescoAs per article on Tesco to shed up to 1,700 jobs in new management shake-up (2019), ithas evaluated that Tesco is going to stripping out a layer of management under its various stores.5
Moving near about 1,700 jobs is considered as latest effort as per UK's biggest market chainwhich cut costs by £1.5 Billion. This company is going to remove its managers under HRdepartment, Customer experience department, Health and Safety division etc. These managersoversee services of near about 226 largest stores of Tesco. Further, these responsibilities tooversee such operations will provide to 900 new employees. The main duties of these newmanagers is to effective handle matters like human resource allocation, across multiple stores. Asthis would aid in getting their efforts for gaining high competitive advantage at marketplace. Ithas evaluated the main reason behind replacement of these managers is inappropriate utilizationof human resource. Therefore, to retain workers and gain high commitment towards runningbusiness successful, this company has recruited new managers. The another reason behind sameis to gain effectiveness in cost-saving in upcoming three years. For this purpose, it has alsorecruited 900 new managers to effectively distribute roles and responsibilities to workers. Thiswould help in effectively utilize the human resource for getting high competitive advantage. 2.3 The importance of human resource allocation in TESCO for achievement of competitiveadvantageFrom conceptual views of Moser (2012), it has been analysed that resources of acompany are the important thing for executing a task of project in desired manner. It mainlyincludes all assets, organisational processes and firm attributes, which enables management toimprove efficiencies and effectiveness. In context with TESCO Plc, it currently wants to replacesome existing managers with new one in order to get competitive advancement. For this purpose,main role of management is to schedule out staff members for producing effective goods andservices. It also includes planning what vendors are required for conducting promotionalactivities, identifying technology, preparing budget plan and more etc. Under all these processes,managers will concern more on how to influence workers for accomplishment of this project(BarNir, 2012). As without support of employees, company will not be in position to achieve itstarget on time. Therefore, it is the main responsibility of managers of TESCO to developstrategies and plan for allocating workers on different job position, in effective manner. For thisassistance, they are also required to concern more on evaluating skills and capabilities of eachworker properly. This would help in allocating human resource for conducting different tasksand activities more appropriately. 6
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