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Research, Problem Solving and Business Reporting

   

Added on  2023-01-05

17 Pages5919 Words32 Views
Research, Problem Solving
and Business Reporting

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
1.1. Strategic and Operational strengths and weaknesses for organisations in a range of sectors
.....................................................................................................................................................3
1.2 Problem structuring methods and Problem analysis methods...............................................5
1.3 Decision making tools to solve the problems of Tesco.........................................................7
TASK 2............................................................................................................................................8
2.1 Principles and practices of quantitative and qualitative research..........................................8
2.2 Research and development questions..................................................................................11
TASK 3..........................................................................................................................................11
3.1 Usefulness of research evidence, big data, data analytics and pattern recognition to support
the business propositions...........................................................................................................11
3.2 Role of reports in the senior and strategic management......................................................13
3.3 Report showing the business problem.................................................................................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
Research is about to done a brief study over certain topics. This project is based on the case
study of Tesco Company. The organisation was established in the year 1919 by the founder Jack
Cohen. Headquarter of the company is located in United Kingdom. Company is operating its
business at approximately 6800 locations all across the globe. Company is operating its business
at multiple locations in the international market. This report is a research project over different
aspects of the company. Henceforth, report will emphasis over strategic and operational strengths
and weaknesses of the companies associated with multiple sectors of business environment.
Critical evaluation will be done over problem structuring method and various problem analysis
methods. Relevant decision making tools will also discuss to make the best effective decision in
favour of the organisation. Principles and practices related to the quantitative and qualitative
research will also understand in this project. Research and development questions will be
discussed in relation to the contemporary managerial needs. Furthermore, this project would
conduct a brief analysis over the big data, data analysis and pattern recognition to support the
business progress. What are the different factors and strategic aspects that convert a report into
an effective report? A proper effective report will also produce in this project that would support
the organisation in dealing with all different issues and problems.
TASK 1
1.1. Strategic and Operational strengths and weaknesses for organisations in a range of sectors
There are various sectors in UK in which various companies perform their respective
operations with a common goal to earn a larger profit. The various sectors include the public
sector, technology & media, transport & automotive, healthcare, fashion, professional services,
banking, insurances and financial services, education sector, defence, food, retail, travel and
many more which helps in the progress of the country and the people living there (Tesco, 2020).
Among all the sectors, the major sectors in which the consumer experience is the king are retail,
fashion and hospitality. There are various organisations working under all these sectors and
trying to gain the top positions in their respective sectors (Antony, Rodgers and Gijo, 2016). All
these companies develop and implement various strategies and perform its operations
accordingly to compete with competitors by gaining competitive advantage and to emerge as
leading companies with larger customer base and greater profitability. All the companies in UK
3

have their own strengths and weaknesses regarding their strategies and operations which are as
follows:
Retail Sector: There are various supermarkets in the retail sector of UK which are giving tough
competition to each other such as Tesco, Aldi, Walmart, Sainsbury and many more. Let us take
the example of Tesco which is the largest retailer in UK to discuss its strategic weaknesses and
strengths. The company performs various operations like manufacturing the goods, packaging
and delivering and also develops various strategies to attract the customers.
Strengths: The packaging operation in Tesco is totally based on the sustainability which means
that the company believes in remove, reuse and recycle plan. The strategy of Tesco was to
reduce the waste of packaging and boost the recycling all over UK. This benefitted the company
a lot as it followed the sustainability and also creates goodwill in the market (Meadmore and
et.al., 2020).
Weaknesses: Though, Tesco’s strategy in packaging is impacting the environment and the health
of the customers in positive ways but it needs a recycling infrastructure of UK for which the
government imposed the payments of £1bn a year or more and also needs the approval of the
government which restricts the operations,
Telecommunication Sector: This saturated industry in UK contributes greatly in the UK’s GDP
by playing a vital role in the financial and social well-being of the community. It has evolved a
lot from telegraph to the mobile networks and the internet services. There are many
telecommunication companies in UK like BT, Virgin Media, Vodafone, EE and many more.
They deal in providing mobile, landline and broadband services to companies and customers
(Ziv and et.al., 2018).
Virgin Media: The vision of the company is to grow responsibly and sustainably along with
doing more good with digital platforms. Its operations and strategies have strengths as well as
weaknesses which are as follows:
Strengths: In order to perform its various operations like providing broadband services and also
the products, the company ensures the sustainability of each product and for that they develop a
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