Leadership in Business Environment
Added on 2020-10-05
8 Pages2558 Words429 Views
Context of business
Table of ContentsINTRODUCTION...........................................................................................................................11. A brief history and summary...................................................................................................12. Discuss the vision, leadership style and management practice and various strategies makinguse of various theories ................................................................................................................23. Analyse how strategies are adopted in Tesco: .......................................................................44. Recommendation.....................................................................................................................5CONCLUSION ...............................................................................................................................5REFERENCES ...............................................................................................................................6
INTRODUCTIONManagement and leadership are essential elements required in business environment.These help in smoothly managing the effectiveness of business operations. Leadership is anessential factor of effective management. Leadership is an important function that is helpful inmaximising efficiency and attaining the goals and objectives of the company in specified timeframe. If an organisation has effective leadership and management then it is more successful. If aleader uses his leadership abilities effectively and motivates his employees and subordinates thenit is beneficial for the organisation (Dreyer, and Et. Al., 2017). An effective leadership andmanagement is important for the company as this helps in making best decisions for thecompany. Also if leaders and managers of the company motivates their employees orsubordinates then this will help in increasing the level of employee satisfaction. The followingreport is based on the company naming Tesco plc which is a British multinational company thatis dealing in groceries and general merchandising. The headquarters of Tesco are located inHertford, England. According to the gross revenue, Tesco is among the top ten retailers of theworld. The founder of this company is Jack Cohen and this company was founded in the year1919. The following report discusses about brief history of Tesco, summary of this company andrationale of the study. Further, this report consists of discussion on different leadership stylesadopted by managers and leaders of Tesco. At last this report includes recommendation andconclusion based on the discussion of leadership style of Tesco. 1. A brief history and summaryHistory A well known retail sector company is Tesco and the headquarters of this company aresituated in Hertfordshire, England. The first establishments of this company was after theshipment of tea from T.E. Stockwell (Kew, and Stredwick, 2016). In 1929, first store of Tescowas started. This company started it's business by offering food and drinks but after some timethis company involved in selling of products like clothes, apparels, mobile networks, financeservices, DVD games, etc. SummaryTesco works under different banners which consists of Extra, Superstone, Metro andExpress. This organisation is involved in providing quality products and services to customers so1
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