Strategic Management: Tesco's Strategy and Change Management

Strategic Management
Contents

INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
A critical assessment of the process used by TESCO to determine their strategy......................3
An evaluation of critical models and tools used by organisations to determine their strategy. . .3
An application of these tools to TESCO......................................................................................4
Critically appraise the importance of change management based on the complexity of the
transformation process, its costs, risks and sustainability...........................................................7
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
The strategic management is termed as the role that are implemented in the management
with an adequate manner to perform plan of actions with the basic target to achieve higher
section in business. It is an influential procedure that covers various sort of foundations like
developing targets, estimating viable situation, determining internal management, confirming
that organisation executed plan of actions in a proper manner by measuring guidelines and
actions. As per to the strategic management that covers the role and responsibility in respect to
suitably supervise and implement the strategies to achieve business targets as to maximise viable
progressions (Lee, and et.al., 2021). The management consider in this report is Tesco. It is the
retailer sector brand that was established in 1919. The management provide various sort of goods
and facilities at their supermarket and shops. The report include the developmental argument
with the basic concept and model that are related to various managerial plan of actions and
significance of business for managerial development as effectively.
MAIN BODY
A critical assessment of the process used by TESCO to determine their strategy.
As per to the critical assessment it has been assessed that organisation of TESCO assumes
various benefits of SWOT and PESTLE analysis methods in order to identify the plan of actions.
Through the support of such courses the business will recognize their power and faults in
particular features like radical, technical. As on the other side it also permits units to execute
operative approaches and advanced execution of the same. As with the help of the orientation the
TESCO comforts higher advancement and improvement in particular field of the section.
An evaluation of critical models and tools used by organisations to determine their strategy
Strategic planning procedure plays an essential manner with an efficient technique by
which the management can efficiently achieve the higher and diminutive section of targets. In
respect to create plan of actions and procedure it is an important term for the management to
emphasise miscommunication enquiry that include smart goals and plan of actions (Solinger, and
et.al., 2021). In relation to the current situation, it has been determined that TESCO utilise the
strategic actions procedure to embark several benefits of PESTLE and SWOT analysis. By this
model the management efficiently determines the various issues that are prevalent external
environment in respect to create plan of actions for development and advanced capabilities at

market place. With the motive of PESTLE analysis that covers an efficient plan of action in
management that determine the issues and variations in political, economic, social,
technological, environment and legal factors with the negative and positive impact on managerial
functions. By the help of the model the company identifies the plan of actions and execute the
identical with the target to improve managerial total viability and efficiency. As on the other
side, in the SWOT analysis the management determines their power, weaknesses, threat and
opportunities (Okada, 2021). In respect to the company, it has been estimated that, this model
will offers support to TESCO organisation by which the management of business identifies their
real asset to overwhelmed weaknesses in the well-mannered term in an efficient way. As with the
help of SWOT analysis it will help the management to assume the benefits of opportunities at
preceding phase as to the other competitors in business. Hence, as per to the above abstract it has
been estimated that, as with the help of such simulations of TESCO that targeted as towards to
attaining higher manner of the market share in the retail section of the field. SWOT and PESTLE
analysis also helps TESCO to improve their present image and brand good will in field at the
market place. The model will utilised by TESCO by which the management can efficiently
identified various sort of components and fundamentals that might have negative and positive
impact on the managerial development and advancement. The elements that will also help the
management to assume an adequate term of decision making terms by which the advanced
progress and expansion might be certain.
An application of these tools to TESCO
STRENGTH WEAKNESSES
 TESCO is consuming high variety of
good will as payable to its high
superiority goods and facilities and
reliability by consumers in retail
section field.
 The management have durable
association with administration
specialists. As it stands for entirely
sections of rules and regulations that
are compulsory on retail section in an
 Chief weakness that TESCO looks as
unpaid with the panic for variation in
workforces that someway unhurried
down business by implementation of
plan of actions that are associated to
other competitors (Audretsch, Belitski,
and Korosteleva, 2021).
 Business is having deficiency of growth
and training services for workforces in
management as relatively with other