MAN6005 Strategic Management of Change

Added on -2020-02-19

| MAN6005| 20 pages| 4480 words| 40 views

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Running head: MANAGING AND LEADING STRATEGIC CHANGEManaging and leading strategic changeUniversity NameStudent NameAuthors’ Note
2MANAGING AND LEADING STRATEGIC CHANGETable of ContentsIntroduction................................................................................................................................2Section 1.....................................................................................................................................2Section 2...................................................................................................................................11Section 3...................................................................................................................................15Conclusion................................................................................................................................16References................................................................................................................................18
3MANAGING AND LEADING STRATEGIC CHANGEIntroduction Strategic management of change can be referred to as the art as well as the science offormulating, executing and arriving at cross functional decisions that can help organizationsto attain its objectives. As such, strategic change management can be considered to be adesign for diverse marketers to comprehend their current situation in the market in order todivert their actions for future advantages. The current study intends to analyse the significanttrends influencing the forces and nature of organizational change and nature of relationshipbetween an organization’s environment and forces for change with special orientation to theoperations of Tesco Plc, a UK based retail giant. Moving further, the study also criticallyanalyses the key issues arising from management and leadership of change in theorganization with management and leadership responses in relation to change forces andemerging organizational dynamics. Section 1 Study of the UK retail industryThe retail Segment in the UK can be regarded as the most competitive as well as rapidlygrowing one. As per records, of all VAT (Value Added Tax) registered businesses operating11% are the retailers and the total number is presently recorded to be 180875. Essentially,retail sector of UK generate around 8% of the GDP that accounts for nearly one-fifth of thetotal UK economy. In addition to this, the retail industry in the UK also employs nearly 11%of the entire workforce of UK. However, the total combine sales of this segment in the UKare recorded to be approximately £ 265 billion during the year 2007, greater than thecombined economies of both Denmark as well as Portugal (Pantano 2014).
4MANAGING AND LEADING STRATEGIC CHANGEBackground of TescoTesco Plc is referred to as the largest retail chain in the UK that has outlets in every post codeof the nation with around 2115 outlets employing nearly 280000 staff (Tesco plc 2017).Globally, it is referred to as the third largest chain in the entire world, employing nearly440000 people in approximately 4000 retail outlets across 14 different nations. Essentially,Tesco has 6 different formats of operation that is to say; Express Stores (961 outlets), Extrastores (177 outlets), Superstore (448 outlets), Homeplus (10 outlets) as well as OneShopStores (512 outlets) (Tesco plc 2017). In addition, Tesco also operates through its online wingthat is the (Tesco.com) in order to facilitate the overall delivery of products, primarilygrocery to the doorstep of the consumers. However, Tesco Direct is the online shoppingcentre for different non-food items (Tesco plc 2017). Evaluation of relationship between an organization’s environment and forces forchangeSignificant trends influencing the forces and nature of organizational change As rightly indicated by Shirey (2013), change is often considered to be necessary due toexternal as well as internal development factors. Therefore, it is important to understand themicro as well as macro environmental factors that influence the organization to change.Pestle analysis of the company Tesco considers all the significant external facets influencingon the corporation. The Pestle analysis focus on the six different factors as mentioned below:Political: Political instability can influence the business by means of democratic governmentand political legislation (By and Burnes 2013). Economic: Inflation rate, rate of interest, level of employment and income also affects thebusiness operations of Tesco

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