Study and Communication Skills Assignment (Doc)
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Added on 2019-12-03
Study and Communication Skills Assignment (Doc)
Added on 2019-12-03
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Study and Communication Skills1
Table of ContentsINTRODUCTION................................................................................................................................1TASK 1.................................................................................................................................................11) Summary of report from those sources...................................................................................12) Comparative analysis of the facts and opinions raised in these stories...................................13) Evaluation of key arguments in those two sources and other external sources.......................3TASK 2.................................................................................................................................................34) Analysis of content of different types of recorded business materials....................................35) Producing accurate summary notes of lecture.........................................................................36) Provide comprehensive analysis of notes taken......................................................................3TASK 3.................................................................................................................................................3A) Discussion of genre and focus of case study..........................................................................3B) Structured written with supporting evidence to a non routine business problem...................3C) Description of cause and effect relationships pertaining to the case study............................6D) Application of hedging and caution to the analysis................................................................6E) Accurate referencing using Harvard referencing system........................................................7F) Examination as why proof reading of report is important......................................................7CONCLUSION....................................................................................................................................8REFERENCES.....................................................................................................................................92
INTRODUCTION Communication plays an imperative role while any business is being carried out. It isregarded as one of the major elements that assist in carrying out the operations of theorganization in smooth manner. In relation to the subject concern a case scenario has been takenthat has been reviewed thoroughly with the assistance of journal articles and newspaper columns.The case of financial crisis that has been experienced by Tesco in past has been taken intoaccount. This was massive financial breakdown which has been faced by major retail brand. Thereport includes the summary of the entire topic in order to make it more understandable. TASK 11) Summary of report from those sourcesTesco in the year 2014 has gained massive loss that has been demonstrated in the variousarticles as it was one of the critical topics of discussion for business. Due to such the companyhas to shut down its 43 stores that were located in several areas. This thereby results in job lossof nearly 2500 employees. This is another major fact that is being recorded (Tesco reportsrecord £6.4bn loss, 2015). The reason due to which the crisis has occurred is because of shift incustomers’ sources for shopping. The small retailers such as ALDI and LIDL have provideddiscounts to their customers. Further the trend related with online shopping has increasedsignificantly. The firm was experiencing major financial loss. In order to put efforts towardsovercoming this new chairman of Tesco Dave Lewis has bought alterations within their policiesso as to survive in the adverse situation prevailing in the market. He stated that in case the firmhas to make more investment even after suffering huge amount of loss then such would be done.It has been gained that this has resulted in enhancing the growth of the organization (Pritchard,2013). Further improvement in sales of the business was recorded but such appeared only in caseof large Tesco stores. This is due to the fact that individuals make purchase of wide range ofproducts from single location. 2) Comparative analysis of the facts and opinions raised in these storiesThere is existence of certain facts as well as opinions that have been presented. Facts areregarded as truth beside the entire information. However opinion is referred as the perception of1
an individual regarding particular issues. These play significant role in offering greaterknowledge regarding Tesco. Analysis of the facts and opinions has been enumerated in themanner below:In accordance with the Guardian, the company that is Tesco has made massive sales of£6.4bn which has been increased by certain huge written down over the value of their stocks aswell as property portfolio. The same information is demonstrated over the mail column that isonline. Journal article that was UK based presented that Tesco has suffered loss of £6.38bn.Another major fact provided that company has to handle its net pension deficit (Sternberg andZhang, 2014). In accordance with Guardian detail knowledge has been provided about thefigures that Tesco is required to pay. This includes £270 mn that needs to be paid so as to handlethe deficit of pension. However journal online that is reflected through mail presents that company is into netdebt of £8.5bn that is massive liability which is required to be paid off. Facts: The firm such as Tesco is conducting its operations without the director of financesince April when resignation was given by Laurie Mcllwee. It is due to the reason thatnew chief financial officer Alan Stewart started to work in September next year ratherthan December of particular year. Because of such statement chairman of Tesco SirRichard Broadbent has declared his resignation as it has been confirmed by thesupermarket that profit of the business have been overstated by £263 million. The firmhas given suspension to eight senior executives over the issues and carried outinvestigation of the financial authority. Another fact relates with the statement that Tescohas suspended four senior executives and launched an investigation after it was disclosedthat profit of the company has been forecasted and it has been overstated by jaw dropping£250 million. Opinions: Following the incident Chief executive Dave Lewis has clearly presented thatafter the issue relating with overstatement, there were three immediate priorities thatrelates with recovering competitiveness of Tesco in UK. This is in order to protect andstrengthen its balance sheet and conduct long journey that ensures building trust andtransparency in the target market. In accordance with the opinion of Neil Saunders MD ofretail consultancy Conlumino departure of Sir Richard would assist the entire course of2
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