Management Structure and Business Function: An Analysis of Tesco plc
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This report analyzes the management structure and business function of Tesco plc, including the interrelation of management functions, marketing function, HR and talent management, and organizational culture.
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Introduction to Management
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Contents INTRODUCTION...........................................................................................................................................3 MAIN BODY.................................................................................................................................................3 Management structure and business function........................................................................................3 Business Function....................................................................................................................................4 Management function.............................................................................................................................5 Interrelation of management functions..................................................................................................6 Marketing function..................................................................................................................................7 HR and talent management.....................................................................................................................7 Organizational culture.............................................................................................................................8 CONCLUSION...............................................................................................................................................8 REFERENCES................................................................................................................................................9
INTRODUCTION The purpose of the report to analyses of management of business entity and know that how to different business function interrelate with each others. This report based on the Tesco plc which is large organisation in United Kingdom. In this report consist of management structure andbusinessfunction.Alongwithdefineinterrelationinmanagementfunctionand organizational culture (Okechukwu, 2017). MAIN BODY Management structure and business function An organizational structure is a system that defines how specific leaders have the ability to accomplish corporate goals.Regulations, jobs and obligations are examples of such activities. The organizational chart also controls how information flows within the company. Management is the best and productive achievement of organizational goals via preparation, organizing, resourcing, trying to direct, and influencing resources efficiently. Men (humanity), cash, computers, and equipment are examples of company resources. Management theories are permeating sophisticated business conduct. There are three types of management concepts: Classical Management Theory, Behavioral Management Theory, and Modern Management Theory. In the conventional business development, these subgroups necessitate an unique epoch. Classical Theory focuses on execution and production optimization. Behavioral Theoretical Framework places an emphasis on human elements and considers the business environment to be a sociological setting. Current Management Theory builds on the previous different hypotheses by using current science strategies and processes of thinking (Budur, 2020). Different types of organizational structures with advantage and disadvantage Line organizational structure: A line organisation only has straight, vertically linkages across various levels of the organisation. Line departments of a normal company, for instance, comprise manufacture and sale. The commander in chief is the path of control in a formal organisation.
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Advantage:Ithasatendencytostreamlineandexplainrelationsofpower,duty,and responsibility. Disadvantage: Building experts are ignored. Functional structure: Functional structures divide teammates into division’s people with shared specific skills, specialties, obligations, and objectives. Information and technology (IT) and bookkeeping businesses are examples of functional structures. Advantage: Department concentrate on particular work Disadvantage: It will result in ineffective communication and cooperation among functional departments. There would be a miscommunication among sectors. Business Function “A business function is any of the different tasks that a corporation does. Those areas are categorized as departments and functions. They may be classified into two categories: following configurations and supporting processes.” Production function:Manufacturing is the most crucial function in either business growth, and it is a continuous process. Manufacturing is strongly dependant on the marketing process because it is mainly sustained once it earns revenue through sales(Collings, Mellahi and Cascio, 2019). Roles and responsibilities: Businesses use the production results to calculate however much performance they should generate provided the price of a decent, as well as what mix of goods they should generate considering the price of capital accumulation. Delivery times must be planned and organized. Determining the project's and resources' needs Research and development:The Research and Development (R&D) department is responsible for the development of new items, technology, or operations, and also the enhancement of existing market segments. To ensure that the organisation actually provides what its customers want in the most realistic, relevant, and expense conceivable way, R&D activities must be firmly connected with advertising and marketing.
Roles and responsibilities:The role of an R&D department is to keep a firm competitive by providingmarketknowledgeandadoptingmoderntechnologyorimprovingexisting technologies as required. The R&D department is primarily in charge of the firm's continued expansion. Management function Planning:Manager has to plan for upcoming developments, establish specific priorities, and guarantee that new targets are accomplished. As a response, administration must examine the organization's strategic operational and intellectual surroundings, as well as anticipated future events that may influence it. Roles and responsibilities: Planning is a management role that comprises setting aims and choosing measures to attain those objectives. Management must be aware of the worldwide conditions affecting their firm, and also anticipate potential developments, in order to be prepared. Organizing:Administratorsmustproperlyhandlethepersonnelaswellasregulateand coordinate the entity's ability. Management must also develop andemploy the right people for the job, and make sure your team is well-trained and competent throughout all moments. Responsibilities and roles: Organization requires allocating and allocating a firm's earnings to achieve its objectives. It comprises putting in place a structure again for company's employees, positions, sections, and activities. Commanding: Supervisors must oversee employees on a regular basis and motivate them to attaincorporateobjectives.Managementisalsoresponsibleforcommunicatingcorporate programs and objectives to employees. Supervisory leadership should be compatible with company strategies, as well as every supervisor should handle employees in accordance with the firm's standards (Nugroho and et.al, 2020). Roles and responsibilities: This function is concerned with striving for excellence in the individuals that work in the company. A most suitable or successful manner to achieve this may vary depending on the setting as well as the objectives that the company set out to complete.
Coordinating: Administrators must synchronies the firm's standard of practice, which means that each action of each organizational structure should supplement and enhance the operation of someone else. Roles and responsibilities: It promotes spirit of cooperation among people, project teams, and divisions, as well as cooperation in working in a dynamic and duties in order to effectively accomplish organizational objectives. Controlling:Administratorsmustverifythatcorporateactivitiesareconsistentwiththe company's overarching goal and rules. This is also the team's responsibility to detect and recognize deviation from the objectives and vision, and also to take action to correct different behavior. Roles and responsibilities:Control is a managerial position that assists in the discovery of issues and the appropriate remedial actions. Those are all created to stop deviations from normal and to ensure that the organization's main goals are met in the most efficient manner possible (Buil, MartĂnez and Matute, 2019). Interrelation of management functions Planning with controlling function:Managing and organizing are tightly related. The goals of the company are established via planned, and they are realized through management. The managementsequenceisdefinedbyintendedoutcomes,andregulatingprovidesafirm framework for decision making. In truth, planning and controlling are mutually linked. For instance, when a sales manager sets a goal of 5 million in revenue in one quarterly with five salespeople on their group, he would assign an objective of 1 million to each sales people and will oversee their activities to accomplish the necessary outcomes. Plan with organizing function:Management must first formulate a plan then organize their resources and assign duties to employees in line with the strategic objectives then train personnel tomaintaincontroloverthestrategicapproach,andafterwardsreviewtheproposal's effectiveness because it is being implemented and make any necessary changes.For example, Assume Melissa, the marketing manager, has a target of growing sales in the month of February. Melissa must first spend quality time outlining the measures she and her group of salespersons must undertake in order to raise sales figures. Such measures could include raising marketing in
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a certain location, selling some things, expanding the number of needed client rep interaction, or revisiting existing clients to see whether they are keen to buy other goods. Marketing function The following is a statement of the interconnectedness between sales activities and other organizational functions: Different sections and functional units are connected to each other if marketing tactics are not used. It may be characterized as advertising mediums that rely on the assistance of the company's existing operational sections to work efficiently. Whenever a business organisation must establish and create marketing, the firm's accounting department, training and development, salesman, and project manager will be required to help(Khan and Abdullah, 2019). The advertising department receives sufficient funding from the finance department to makesmartmarketingdecisions.Themanufacturingcompanycommunicateswiththe fulfillment center to ensure that all products are available when needed. Human resource policies are guidelines in reaction to market trends, revenues, and future market opportunities. As a consequence, every one of the company's operational parts collaborates to develop a successful marketing campaign across the board. HR and talent management Role of HR:A HR department's job is to motivation and performance while also protecting the company from every difficulty that occurs in the course. HR responsibilities include salaries and bonuses, hiring, and releasing employees, and also remaining current on any rules that may influence the company and its employees. Responsibilities: Responsibilities in human capital involve educating new employers must ensure they comprehend corporate policies. They can accomplish this through developing or revising employeeretentionguidebooks,aswellasorganizingandhostingworkingpopulation workshops to clarify modifications in incentives or policies. Discontinuing workers is another painful aspect of their HR department's job. To accomplish this, firm HR personnel must grasp relevant labor regulations and execute the procedure thoughtfully and professionally.
Organizational culture Organizational culture is a combination of values, norms, and practises that impact and affect the actions of all colleagues. Considering it a collection of traits that characterise any company. Clan culture is more widespread in traditional companies than in technology companies. Because they are usually family enterprises, there is indeed a heavy focus on nurturing employees through interpersonal links or mentorships. Naturally, everything is done to create the appearance that the parents and family are real. Hierarchicalculture:Businessownersalsohadhierarchicalcultures.Thecompaniesare increasingly organized, with power and decision-making centralized at the leadership. As a result, just the C-suite has the power to make decisions. As either a result, other employees would feel undervalued and powerless. As a contrary, while this type of organizational culture is often highly efficient, it is not conducive to the development or entrepreneurial. A strong culture in a company is complicated and can inhibit innovation since individuals of the organisation are used to executing their tasks precisely the same manner. Weak cultures might be useful for firms that profit from their individuals' free thinking and inventiveness. Weak culture refers to an organizational culture in which the firm ideals are not established and are not shared by all personnel. Weak culture leads to insecurity, a lack of originality, a shortage of customer satisfaction, and sometimes even excessive turnover. CONCLUSION As per the above report it has been concluded that Management is defined as "the practice of goal achievement by preparing, organizing, directing and regulating the firm's people, physical, financial, and information and tools in an effective and efficient way."
REFERENCES Books and Journal Okechukwu, W., 2017. INFLUENCE OF TRAINING AND DEVELOPMENT, EMPLOYEE PERFORMANCEONJOBSATISFACTIONAMONGTHESTAFF.Journalof Technology Management and Business. 4(1). Budur,T.,2020.Effectivenessoftransformationalleadershipamongdifferentcultures. International Journal of Social Sciences & Educational Studies. 7(3). pp.119-129. Collings,D.G.,Mellahi,K.andCascio,W.F.,2019.Globaltalentmanagementand performanceinmultinationalenterprises:Amultilevelperspective.Journalof management. 45(2). pp.540-566. Nugroho, Y. A., and et.al., 2020. Transformational leadership and employees' performances: The mediatingroleofmotivationandworkenvironment.EduPsyCouns:Journalof Education, Psychology and Counseling. 2(1). pp.438-460. Buil,I.,MartĂnez,E.andMatute,J.,2019.Transformationalleadershipandemployee performance:Theroleofidentification,engagementandproactivepersonality. International Journal of Hospitality Management. 77. pp.64-75. Khan, S. and Abdullah, N. N., 2019. The impact of staff training and development on teachers’ productivity. Economics, Management and Sustainability. 4(1).