Strategic Leadership: Tesco's Organizational Changes and Corporate Governance
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This presentation explores the strategies adopted by Tesco for organizational changes, leadership process, and corporate governance principles. Learn how Tesco overcomes resistance and implements ethical leadership.
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STRATEGIC LEADERSHIP
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Introduction Strategic leadership basically deals with the strategies adopted by the manager for accomplishment of certain short-term and long-term goals and objectives of the organization and also to motivate the employees so that they work efficiently to gain the vision. This report shows the study of Tesco's organizational changes, its leadership process and also by applying various models, the steps to overcome the resistance among the employees along with following the principles of corporate governance and leadership in an ethical manner.
Company Background Tescoisagroceryanda merchandise retailer of multinational level.Ithasdiversifieditselfinto various areas like clothing, books and stationeryretailing,furniture, electronics,internetandfinance relatedservices,etc.andstill expandingitsbusinessthrough changing its opportunities into reality andthroughlaunchingnewand innovativeproductsthrough technological advancement
Tesco's Organizational Changes Organizational changes are the modifications in the environment and are inevitable, they must be accepted for better development and progress of the organization. Tesco has adopted Artificial Intelligence(AI) and moving towards digitization in its stores to interact with the customers directly and to to satisfy them and serve them better experience.
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Leaderships and Managing Changes Leadership helps to provide constancy and a vision to overcome the instability cause by the changes. Therefore, there should be a balance andco-ordinationbetweenthemanagement change and leadership for better development of Tesco
Lewin's change model KurtLewinevolvedthemodel 'Unfreeze-Change-Refreeze'in 1950, which can be used by the organizationandmanagethe changestakingplaceandfor proper handling of the resistance byemployeearisingdueto changes Tesco can use this Model.
Continue... Change Stage:Change should be adopted come into force in a shorter time span, as the more time the time taken for change process, the more the employee will be inclined to relapse in to their old rituals. Therefore, fastening in the process by Tesco will lead awareness among its employees in regard to importance of change
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Resistance and Defeating Resistance Changes are irresistible, different employee respond to them differently, but accepting the change and workingwiththeflowofmanagementprograms will help employees of Tesco in doing their work more efficiently and effectively. Force Field Analysis: TheForceFieldanalysisgivesthepurviewof problemsarisingdue tochangesandtheforces applied to effectively remove them
Lewin's Force Field Model
The Change Grid When it comes to organisational change, this model suggests four steps for positively responding to the changes and if at the initial level the employees accept the fact that the change will be prove to be very beneficial for them , then in that case they can directly jump to the fourth stage after first one. Denial:At this stage, the employees will not accept the creative thought of bringing of robots into the store, as they will replace most of the human workforce, therefore, this is a denial stage. Resistance:Employees has to resist the change and understand the benefits of the new advanced technology through moving forward from their old status quo and focus on the potential gains.
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CONT... Exploration:Throughpositivityamongthe managers they can motivate the employees and bring back them to the tracks so that they can workwithdedicationandexplorethe involvement of change in Tesco. Commitment:And promptly employee willstartpayingattentionastheywillget committed towards the new future goals.
Corporate Governance and Ethical Leadership This concept focuses on the overall business assessment and its performance on the basis of thefiduciaryresponsibilityandcorporateethicstowardsitssocietyandenvironment followed by the Company. Their are three factors of the Triple Bottom Line framework which helps in measuring the aspects of finance, environment and social performance of the company along with fulfilling its objectives over a certain period of time.
Cont... People:Itcancontributesociallythrough organizing seminars and campaigns so that it can create awareness among the customers and report in a consistent manner accordingly. By adopting this framework, Tesco will be able to gain potential benefits and also measure the performanceinrelationtoreportingofCSR, encouraging the employee to work more efficiently andalsokeepingacheckontheenvironment sustainability.
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Conclusion This can be concluded from the above study that for facing the issues and accepting the organizational changes by the employees, Tesco needs to apply various models such as Force Field Model and Lewin's Change Model so that they can overcome the problems coming from changes and work efficiently by accepting the same. Also, the fulfillment of corporate governance responsibility for smoothly growing of the business and gaining competitive advantage is also being mentioned.
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