Strategic Management - Tesco PLC

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Strategic
management

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Contents
Introduction.................................................................................................................... 2
Two main perspectives used by the organization......................................................................2
An internal and external environmental variation on organizational strategy....................................4
Action plan.................................................................................................................... 6
Conclusion.................................................................................................................. 8
Reference................................................................................................................... 9

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Introduction
In every organization, the management and structure are required to be managed for achieving
the goals of the business. Strategic management in the organization is required for the resources
which helps in achieving the goals and objectives. Strategic management includes the setting of
goals, examining the competitive environment, analysis of internal organizations, strategies
evaluation, and ensures that the management promotes the strategy throughout the organization.
It is stated by James Higgins that strategic management includes the process to manage the
mission of the organization and managing it through relationship with environment.
According to Lester Digman, strategic management is considered as a continuous process which
includes to attempt of managing the change in environment for the maximum benefits.
According to Glueck, strategic management includes the streaming of decisions and actions
which helps in developing the strategies for achieving the objectives. It also includes the
combination of formulating, implementing, evaluating the decisions for making the management
to achieving objectives.
Strategic management is mainly to identify and describe the strategies which supervisor helps in
executing for achieving better performance and competitive advantage for the organization. In an
organization, the competitive advantages can be achieved when the profitability of the company
is higher than the other in the whole industry.
Strategic management is considered as planning for predicting and unfeasiblility contingencies.
It is suitable for small as well large organizations, and also the small organizations face
competitions, and by developing and implementing the effective strategies, the competitive
advantages can be achieved. This report includes the strategic management of Tesco.
Two main perspectives used by the organization
Tesco PLC has a competitive edge which includes the internal strength as well as the external
opportunities. In determining the strategies, Tesco adopts the process of strategic management
which includes the PESTEL analysis, Porter’s five forces analysis, SWOT, Value chain and core

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competencies. The two processes are considered by the organizations in determining the strategy
is the emergent strategic process and prescriptive strategic process. All these activities are called
prescriptive strategic processes. In illustrative strategies, there are many strategy theory that
includes the elements of this process (Lowe, et al., 2012).
The prescriptive process helps in determining the strategy as it helps in providing clear
objectives by focusing on the strategy. With this process, the organization can translate the
objectives into targets for monitoring and measuring the performances. It helps in allocating the
resources for achieving the specific objectives. It helps in effectively structuring the information
for establishing the control and setting the targets (Gallus and Frey, 2016).
The emergent process includes that the objectives of the organizations are not decided in advance
and these are developed during the operations and strategies are formed.
Therefore, in case of early stages in emergency situation may include the similar to prescriptive
strategy and analysis of resources. However, the process has become more comprehensive,
knowledgeable and experiment. Similarly, many strategic theories belong to emerging strategies.
Some of them are emphasized in the emergency strategy process model shown at the top
(Bordum, 2010).
Strategic management includes the three core areas which are strategic analysis, strategic
development, and strategy implementation. This disagreement leads to two differences in
regulations for strategic management; prescriptive and emergency methods. Researchers and
strategists have different views on these three core approach the various areas of strategic
management are linked (Fadun, 2014).
Strategic management includes the process which is ongoing for optimizing an organization to
achieve its goals. It includes the company's goals and development of policies and the
environment that will enable the organization to achieve the goals. Often companies are required
to adjust the resource allocation and gradually adjust for meeting the new and different needs of
consumers in order to remain competitive.
According to Mints burg (1985), the strategy is the process of action. Description of Ansoff
included the process which was comprehensive and included the steps to achieve the goals.