Contemporary Management Issues in Tesco during COVID-19

Contemporary
Management Issues

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
External factors that have been shaping the development of human capital in Tesco................1
Existing policies of Tesco related to the work force...................................................................2
Recommendations on new initiatives that this organisation should adopt in order to survive
and thrive in the new normal.......................................................................................................3
Advice to the leaders of company to adopt changes...................................................................3
CONCLUSION................................................................................................................................4
References:.......................................................................................................................................5

INTRODUCTION
Contemporary management include planning, leading, organising and controlling the
business operations for the purpose of achieving goals and objectives of organisation. The
managers of organisation are responsible for proper utilization of resources. Contemporary issue
is defined as the opinion, event or an idea having relation to any subject related to the present
day. COVID-19 has bring several of changes at work place. As a result workers are working
from home to stay safe and secure. Remote working is found as a huge challenge for the CEO
and HR of organisation. This report is based on the Tesco plc which is a British multinational
groceries and general merchandise having headquarter in Welwyn Garden City, Hertfordshire,
England, United Kingdom. This report deal with the theories or model which give shape to the
human capital, existing policies which helps in change management process, advice and
recommendations related to the introduction of new imitative at work place.
MAIN BODY
External factors that have been shaping the development of human capital in Tesco
PEST stands for political, economic, social and technological factors. It refers to the
external factors which effect the organisation operations. It has been analysed that these factors
are also playing an important role in shaping the development of human capital after COVID-19.
The evaluation of these factors are given below:
 Political Factors: The rules and regulations which are being developed by the
government of a specific country are consider as the political factors. In the situation of
COVID-19, the government has developed the rule that not to gather people at a place
as it result in the spreading of infection from one person to another (Desselle and et. al.,
2019). As per these rules, the management of Tesco has develop their strategies and
give shape to their human capital. The employees of Tesco has started working from
home.
 Economic Factors: COVID-19 result in the poor market performance of country which
result in higher inflation. It also directly effect the human capital of Tesco as the
employees has started demanding high salaries from the management. Due to lack of
money in the market, the organisation fired several of employees which result in cost
cutting of firm.
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