Strategic Management of Sainsbury: Issues, Strategies and Improvements
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This report analyses the strategic management of Sainsbury, including its external and internal environment, pros and cons of strategic management, recommended strategies, and strategic issues. The report also discusses theories related to strategic management.
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Global Strategic Management
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INTRODUCTION Strategic management is known as the process in which all the management and the planning process is involved and this has the involvement of cost and resources of the business and this helps in attaining the organisational goal an aim of the business. As there are various factors in the business which can impact in the strategic management process and this can help the business in analysing various external and internal factors of the business and this can also done with the action plan of the business. As this is an strategic planning of the business and this helps in developing and formulating the business and this can also helps in analysing the potential risk and opportunities of the business and this can help the business in the better performance. As this report is about Sainsbury and this is known as the second largest supermarket chain and this is founded in 1869 and its headquarter is located in London. As this report involves the strategic planning and process which this organisation uses for there better expansion and development in the business and this report also includes the strategic issues and the risk of the business and this can be analyse and identify by using tools in the business.
TASK As Sainsbury is the organisation which deals in supermarket and is known as the second largest supermarket chain in supermarkets at global level. As this is also known as the largest digital retailers. As this organisation mainly focuses on the customer experience and this can help the business for growing the business at the global level(Westney2021). As this also provides various services to the business which can help the business in gaining competitive advantage and this also gain various better values in the business and this can also help in contributing the ideas of the business. As this organisation vision is to be the number one company for the better customer experience to there customers winches in increasing the loyal and potential customer base of the business. As this organisation is aloes sustainable and this can also help the business and resolving the better issue to the business and this can also impact in the better strategic management of the business. As Sainsbury has the main objective and value towards and this is related to health as this provides the better food with health as this organisation has made changes in the quality of food and these are also sourced at international level in the business for the better and sustainable environment. As the recent strategic management and strategy which is followed by Sainsbury is giving the better services to the customers and with the effective quality management in the business(Hansen 2020). Strategy and the strategic management is the important part of the business and this can help the business moving towards there organisational goals and aims in order to fulfil this organisation make different strategies an this can helps the business in gaining short term and long term goals of the business in an effective manner and this also helps in attaining competitive advantage in the industry and this can labs help in achieving success in the business and this can also be applied by various identification and analysation of the external and internal factors of the business. As better and effective strategy can also help the business in gaining various benefits in the business and this also increases the goodwill and image of the business and this can helps the business for increasing the revenge growth of the business(Andersen Torp and Linder eds 2019.). As there are various strategic planning in Sainsbury is giving the best quality of food and at reasonable pricing and this is making it an organisation of value as this organisation is also helping in tge better growth of the business which is increasing their customer experience and this is expanding the market in an effective manner. As the main strategy this organisation is following to build the engagement in the business in an effective manner as this is helping the
business In an effective manner and this is also leading in increasing the customer base of the business. AS Sainsbury is also building there market space and this is developing the better targets to the business and with an effective management process of the business and this can aloes maximises the value and this also helps in developing various opportunities in the business. External and internal environment External environment As external environments is the important part of the business and this is also important to analyse for the better and approached manner and this is also helping the business in gaining aims and objectives of the business and this is impacting in the performance level of the business as this can help the business in there better strategic planning and this can also effect in the business functions and operations and for analysing this supply chain management analysation is also important for the business as this can help in the effective management in the business as this can also impact in the energy level of the business and this is also known as the procedure of the strategic management of the business as this is helping the business and this is also impacting in the market share and market growth of the business. As in this it also has the involvement of the macro and micro environment and this is important to analyse as this helps in analysing and identifying the factors which can impact in the profit and success of the business and after this strategiesareformedandthiscanmakethelevelmoreidentifiesandinaneffective manner(Schühly 2022.). As this can also involve the stakeholders of Sainsbury which is internally and externally and the external stakeholder are the competitors, suppliers and customers which help the business for an effective management process and this also helps in developing the strategies at global level and this can also be done by analysing the demographics of there targeted market. Internal environment As this is within the environment and this involves various factors which can impact in business functions and its different operational management as within the business analysation is also important in the business as this can a help the business in gaining better profit rates to the business and this can laps develop the control on the business over strategic management of the business. AS in the management system all the operations is required to be managed in an
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effective form and this can also help in fulfilling all the aims and objectives to the business and this can also helps in reducing various cost of the business and with the allocative use of resources in the business as this can help the business and this can benefit the business in an effective manner and this can give an competitive advantage to the business(Aithaland Aithal 2019). As this can also be used and analysed in the different cost and resource form. As this also involves various forms which can help the business in moving forward and also helps in strategic management of the business effectively. Technology AS this is important to analyse while making an strategy and the strategic plan as this helps the business in formulating the required technology and in an business it is important to remain updated with the latest technology as this also gives an adverse advantage to the business. As Sainsbury uses the latest technology in the business operation which can help the business in an strategic form of view. Physical As while making an strategy it is required to analyse all the physical resource of the business as this can help the business in gaining the knowledge of there own business and this can be in the form of latest reports in the form of information and this also involves the machinery of the business which is transforming the products of the business in an effective use and this can help in gaining long term and short term goals in the business(Kumar, Pandey and Mukherjee 2021.). Human As in an organisation it is important for an business who by using there effective knowledge and skills can help the business in gaining various advantages as this can help the business in making the projects and upgradation work and in an effective form. As this also increases the decision making process of the business for the effective management of the business and this can lads allow better advantage to the business and this is also impacting in the business and in an operational manner. Pros and cons of strategic management Strategy is known as the business upgradation method which can help the business in increasing the market share and market growth of the business. AS business sand impact in the business and this can also be used by the effective management system and this can also help in gaining
various advantages in the business operations and functions in the business and for the effective management if the business and this can be done by using tools and techniques of the business. In this strategy can be implemented and can give success and profit to the business. As Sainsbury is also using various strategies but in the business it has there own benefits and disadvantages of the business effectively(Witcher 2019). Pros As in an business whenever strategies is changes it brings some kind of advantages and disadvantage to the organisation. AS after the effective analysation of the resources and the cost of the business according to the strategy and this can impact for making there organisation customer service better and this also reduces the switchingof customers to there competitors and this also increases the goodwill in the market and gives an competitive advantage to the business effectively(D’Cruz2018). As this strategy can help the business in effective time management process and this can also reduce the cost of the business. Cons AS strategies also has there advantages and this also sometimes weakens the business and there operations and sometimes this organisation strategy also fails and then this can also increases the cost of the business and this an also waste the resources of the business as this can effect in the business operations and functions of the business in an effective manner and this can make the management system work more harder and make more strategies for resolving the problems in the business(Hoskissonand Harrison 2021). This can also be resolved by an effective analysation of points and this can be dine with the use of effective tools and techniques in the business which will help the business in analysing he various important factors of the business. Improving strategies In an business strategies are required to be improved in every stage of life and this can help in the better process of the business and this can also help in the effective management process and this also helps in increasing the performance in the business as this can be done with the help of various techniques which is used by the top management and the leaders of the business as this can also be done to modify the business model in an effective manner and this can also set the priority of the business and this can help in fulfilling all the aims and strategic desires of the organisation(zu Knyphausen-Aufseßand Santarius2021). As this can be dine with the process of
effective planning and with the integration of each resource in an effective form and this can make the strategies work effectively and this an be done with the teamwork and the this can be applied in increasing the performance of the business and this can also improve the revenue growth of the business and this can increase the success rate of the business. In an business all the models are allocated in an effective form and this can make an better change in the business and this can make the different management and the planning cycles of the business and this can make the business profit inan effective manner and this make the strategy work for the long time basis and this can also helps in ensuring the business about profit and success and this can impact in the business activities and increases the profit of Sainsbury effectively. As strategies are required to be made with the goal setting and this can be dine with the tool SMART as this is the best tool for Sainsbury which can help the business in analysing there aims and target rate of the business(Shams and Belyaeva 2018). Recommended strategies As there are various recommended strategies which can be used be Sainsbury and this can also impact in the business activities effectively. As in an business strategy is required to be an core business activity and this can also be done by using the stakeholders and this can be done with the analysation of external and internal analysation of the stakeholders and other can also help the business and this can also help the business in reducing the cost of business and this can help in increasing the productivity and this can also increase the sales of the business for the better management of the business(Kurbanov 2020). As this organisation can also improve the quality and packaging of the business as this can give an competitive advantage to the business and this also helps in increasing the slae so the business and gives better exposure and expansion to the business. As diversification is the main recommended strategy to Sainsbury as this can help in developing various activities in the business and this can also reduce the risk of failure and improve the rate of profitability in the business. As specialization is also one of the factor in the business which can be used as the recommended strategy to the business as this can make the cost of the business bearable and this also helps in increasing the cost of business, As in an business it is important to expand the business at global level while following the global tactics in the business as this will also lead in increasing the demand of the customers which increases
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the business slaes effectively. As this can impact the business and this can also make the business profitable and increase the success rate of the business effectively. Strategic issues As with the effective management there are also various strategist risk and issues faced by the organisational and this can make the business functions reduce there effect. As in an business this can also become challenging and can impact in the framework of the business and this helps in the better engagement of the business which increases the gaining chances of mission and vision of the business and this can also impact in empowering the business(Pham2020). As the strategic issues which is faced by Sainsbury is framework of the business as this can impact in the profit rate of the business and lack of alignment is one of he issue facing bySainsbury and this is impacting in reducing the profit eats of the business as for developing an effective strategy it is important in the business and this can impact in gaining objective of the business for maintaining the resources and costs aligned in the business and this altos result helpful in launching the effective quality and management of the products and services to their customers effectively. Theories As in an business there are effective theories which is used in the business to identify various factors of the business which can help the business in attaining proper growth and management of the business. There are various tools and techniques which can be used by the business for the better management and the most effective tool which is used to analysing the business operations effectively is porters five force as this is described below. Porter’s five force This is known as the strategic tool and this is used by Sainsbury for analysing various factors of the business and this can help the business gaining and increasing he customer base of the business and this also helps in increasing the market share and market growth of the business sin an effective manner and this can also make the distribution channel active and with an effective supply chain management of the busyness and this can make the business more profitable. As Sainsbury is has no threat of new entrant as this organisation is already having an high goodwill
power and image in the market which is increasing the level of profit in the business. As Sainsbury has high bargaining power of suppliers and this is increasing the suppliers power effectively. As Sainsbury has low bargaining power of buyers as there are various competitors in the business who sell same products with different offers and this is impacting in the business operations and this can also make the customer switch there powers and this can increase the quality of the products and services of the organisation effectively(Rodpai and Hong-ngam 2020). As this organisation is also having an high threat of substitute power as there are various super chain market in the business which is selling the same products and services in the market, As Sainsbury is having high competition in the market which sin increasing the revenue growth for the business sand also leading to the high profit.
CONCLUSION This report has concluded that strategic management is important in the business at global level for anlaysing various factors in the business and this can also done in the process for the business better development and growth and this can help the business in the better performance and in giving the direction to the business effectively. As this is an important factor in the business which can also be made in analysing the various factors which an be analysed by analysing all the external and internal factors in the business and this can be done wit the help of using tools and techniques. As this report has also concluded that there are various strategic risk and issues and this can be resolved by using various strategies in the business and at the global level.
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