Presentation: Analyzing Tesco Plc's Goals and Objectives

This presentation analyzes the goals and objectives of Tesco Plc, a leading UK-based multinational retail organization. It begins with an introduction to the modern workplace concept and its application to Tesco. The main body of the presentation focuses on Tesco's goals, which include maintaining its position as a leading retailer by providing quality products at affordable prices, and the importance of these goals in motivating employees and driving organizational success. It also examines how Tesco establishes its goals, including setting SMART goals and tracking employee progress. The presentation then delves into Tesco's objectives, such as maximizing sales, reducing product prices, focusing on healthier products, enhancing the online shopping experience, and providing local employment opportunities. It explains the importance of these objectives in providing clear direction, motivating employees, and evaluating performance. The presentation concludes by summarizing the importance of goals and objectives for organizational success and emphasizes the need for their effective implementation to achieve desired outcomes. References to academic sources are provided to support the analysis.

Introducing the
Modern Workplace

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Goals of Tesco Plc:......................................................................................................................3
Objectives of Tesco Plc...............................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES ...............................................................................................................................6

INTRODUCTION
Modern workplace is the term which is used for the organization when they innovate
something new such as products or software in order to maximise their operational efficiency
(Angouri, 2014). Management try to build modern environment in the which help the staff
members of the company to communicate in the internal operations in well manner to reduce the
confusion. For the better understanding of this concept, this presentation based on Tesco Plc
which is UK based Multinational organizations which is established in 1919 by Jack Cohen. This
presentation based on Goals & Objectives of the Tesco Plc.
MAIN BODY
Goals of Tesco Plc:
Goal of the company is to stay as a leading retail supermarket organization which provide
quality products as well as post sales services at affordable cost in comparison to their
competitors. Tesco ensure that each and every product which satisfy the customers will be
available at single stores. Consumers wanted to satisfy their needs through consuming products
& services with grate value. Tesco is retail sector organization where they have to focus on
customer service as well because in the current business environment it is the main factor to
evaluate the performance of company in order to maximise productivity as well as profitability.
Why goals are important:
Goals are important to formulate because it motive the people to perform accordingly in
order to achieve desired outcomes. Goals motivate everyone in the organization to complete their
work on time in order to perform their task. If individual does not have any goals, they are not
able to give their 100% to accomplish their goals.
Through setting a goal which promote the team members as well as encourage them to
work together or show their potential together in order to achieve all the gaols & objectives
which they are setting (Importance of Goals, 2019). If team members rewarded for their work
then it will encourage them to enhance their potential which automatically maximise the
productivity as well as profitability.
Goals increases the moral because if people go to work without any goals then they feel
same in the workplace because their was nothing challenging to do. Goals will help the staff
members to take ownership which feels good inside.

With the help of setting goals, organization able to measure the success which is most
important for the organization. After evaluating success they have to build further strategies
accordingly.
How to establish Goals:
Initially Tesco have to set some expectation and it should be realistic which any
individual can achieve (Burrell, 2016). Along with this this, they have to set SMART goals that
should be specific, measurable, achievable, relevant and timely completed.
Through tracking employees progress an organization can measure the goals along with
key findings. Managers of Tesco Plc analyse the current performance of the business operations
and build future goals accordingly to achieve in the given time frame.
Objectives of Tesco Plc
There are various objectives set by the Tesco Plc in order to maximise the productivity as
well as profitability and capture huge market share of retail sector. These objectives are
mentioned below:
 First and all time objectives of the company is to maximise the sales in order to increases
the profit margin of the company.
 Reduce the price of their product or make shopping cheaper for the average household
people (Dolton, Bondibene and Stops, 2015). Main aim of Tesco is to cut their product
cost which make them able to sell their product on affordable prices for the consumers.
 Focus on producing healthier product into the range of groceries which they supply for
the sales purpose.
 Another objective is to maximise online shopping experience for the consumers in order
to maximise their sales as well as revenue.
 Tesco ensure that they provide jobs to the local community for the development of people
in order to reduce the unemployment from their locality.
Why objectives are important:
 In order to get clear guidance or directions to complete their task or achieve their goals
(Importance of Objectives, 2019).
 To motivate employees and encourage them to perform well more then their potential
which increase the efficiency as well as effectiveness of an individual.

 Objectives are important because they helps in building standards for the evaluation of
individual performance.
 Objectives of the company used to develop the structure of the project plan which further
minimise the efforts to perform task.
 It is also important in order to set budget because each activity should be required
nominal spending.
For the above mention points are important to build objectives which help the
organization to perform their operational activities in well manner or ensure that company
maximise its productivity or profitability (Cobb, 2017). In order to get all the benefits, Tesco
build objectives and in order to achieve their goals, objectives are important where managers
make various efforts to achieve their objectives as well.
How to establish Objectives:
Objectives should be established through analysing the requirement of business which
required to achieve in the particular time frame. Management of Tesco Plc need to ensure that
objectives should be clear which make individual able to understand or perform in order to
achieve their organizational goals. Goals, vision, mission and objectives all are should be related
to each other because it will enhance the efficiency as well as effectiveness of the organization.
CONCLUSION
From the above presentation it has been concluded that goals & objectives are important
for the organization so they build their strategies accordingly in order to achieve it. Organization
should develop their goals & objectives in order to achieve it or maximise the productivity as
well as profitability. In order to get success in their operational activities they have to make goals
& objectives and make sure to implement in well manner to achieve the desired outcomes.

REFERENCES
Books & Journals
Angouri, J., 2014. Multilingualism in the workplace: Language practices in multilingual
contexts.
Burrell, K., 2016. Introduction: migration to the UK from Poland: continuity and change in East–
West European mobility. In Polish migration to the UK in the'new'European Union (pp.
1-20). Routledge.
Cobb, E. P., 2017. Workplace bullying and harassment: New developments in international law.
Routledge.
Dolton, P., Bondibene, C. R. and Stops, M., 2015. Identifying the employment effect of invoking
and changing the minimum wage: A spatial analysis of the UK. Labour Economics. 37.
pp.54-76.
Online
Importance of Goals. 2019. [Online]. Available Through:
<https://edkentmedia.com/why-is-goal-setting-important-in-business/>
Importance of Objectives. 2019. [Online]. Available Through:
<https://smallbusiness.chron.com/importance-clear-objectives-directions-project-plans-
32965.html>