BMM3103 Project: Resource Management Strategies & Impact at Tesco

This report investigates resource management within Tesco plc, a multinational retailer. It aims to understand the concept of resource management, its importance in the retail industry, and the challenges faced by Tesco in managing its resources. The report outlines how these objectives can be achieved through a structured approach and a defined timeline. A literature review explores resource management practices, highlighting the importance of resource planning, demand forecasting, and the use of technology. The report also examines the impact of resource management on Tesco's business, employees, and the environment, emphasizing the importance of efficient resource allocation, employee training, and sustainable practices. Finally, the report discusses the challenges faced by Tesco in resource management, such as poor capacity planning and risk assessment, and recommends strategies to overcome these challenges by recognizing relevant skills, ensuring resource availability, and developing risk mitigation plans. This detailed analysis provides a comprehensive understanding of resource management within a major retail organization.

Written report

Table of Contents
INTRODUCTION...........................................................................................................................3
Aim and objectives......................................................................................................................3
How objectives can be attained...................................................................................................3
Timescale.....................................................................................................................................4
Literature review..........................................................................................................................4
Brief background.........................................................................................................................6
Impact of managing the resources...............................................................................................6
Constraints...................................................................................................................................8
CONCLUSION................................................................................................................................9
References......................................................................................................................................11

INTRODUCTION
Resource management can be explained as a process through which various businesses manage
their resources. The resources can be bifurcated into two parts namely, tangible resources
and intangible resources. Tangible resources include plant and machinery, materials,
finances and many more and on the other hand, intangible resources can be considered as
the goodwill, copyright, time, etc. The present report is based on managing resources within
Tesco plc. The company is headquartered in England, United Kingdom and was founded by
Jack Cohen in the year 1919 i.e., 103 years ago. The products of provided by the company in
the market includes a variety of products such as electronics, clothing, food, petrol, toys,
internet and communication services and many more. The rationale behind choosing
resource management within a business is that it plays an important role within the success
of an organization. It is used for the purpose of planning and scheduling the available
resources. It provides an idea to organization as to how new talent can be hired with and
how to retain the existing talent within an organization. With the help of implementation of
efficient resource management within a company, a company can achieve greater success in
terms of profitability, reduces the cost and ensure optimum utilization of resources.
Aim and objectives
The aim of the present study is to investigate how Tesco manages resources in its
workplace.
Objectives:
 To understand the concept of managing resources
 To ascertain the importance and ways of managing resources in retail industry.
 To examine the challenges faced by the company while managing resources.
 To recommend the best ways through which challenges can be overcome.
How objectives can be attained
In order to meet the objectives, there is a need to break down the aim into smaller part
that helps to improve the results and this in turn assist to create a better outcome. Moreover, in
the present study, to meet the defined objectives, there is a need to schedule a planning so that
proper tracking can be performed in order to generate an effective outcome. This in turn help to
create a better outcome and assist to examine whether the objectives met at the end of
completion (Adisa and Adeola, 2022). In addition to this, to attained the objectives timeline has

set in a study which create a better outcome. Further, objectives can be met by using effective
resource which in turn assist to generate a better outcome so that chances of enhancing
knowledge will be increases. This in turn further reflected that step by step planning to attain the
objectives will be fruitful and improve the results so that aim can be attained. Hence, it has been
identified that with the help of this planning, individual can generate a best outcome and Tesco
can also manage the resources effectively.
Timescale
Task
Mode Task Name Duration Start Finish Predecessors
1 Introduction 2 days Mon 3/28/22 Tue 3/29/22
2 Selecting aim and
objectives 1 day Wed 3/30/22 Wed 3/30/22 1
3 Determining how the
objectives can be attained 2 days Thu 3/31/22 Fri 4/1/22 2
4 Selecting sources for
secondary sources 3 days Thu 3/31/22 Mon 4/4/22 1,2
5 Developing brief thesis 4 days Tue 4/5/22 Fri 4/8/22 4
6 Perform impact analysis 2 days Tue 4/5/22 Wed 4/6/22 1,4
7 Determine challenges 2 days Mon 4/11/22 Tue 4/12/22 6,5
8 Conclusion 1 day Wed 4/13/22 Wed 4/13/22 7
9 Submission 1 day Thu 4/14/22 Thu 4/14/22 8
10 Waiting for feedback 7 days Fri 4/15/22 Mon 4/25/22 9
11 Modification and
submission 2 days Tue 4/26/22 Wed 4/27/22 10
Literature review
According to Boon, Den Hartog, and Lepak, (2019), resource management can be
understood as the process which involves obtaining, apportioning and managing of resources
within a business organization. The resources of a business include human skills, finances,
technology, machinery, materials, equipment and many more which works as a source in order to
conduct the day to day operations of a business. The resources management is used for the
purpose of conducting optimum utilization of the available resources and ensures that all the
resources related to a business are effectively used by the organization and on time.
As investigated by the Hashim, M., and et.al (2021), it has been identified that resource
management plays an important role in the retail industry as it helps the business to reduce their
cost of resources by effectively utilising the available resources and hiring of new resources only

when it is essentially required and availing it from places which provides them at low cost. This
is only possible with the help of resource planning and management. With the help of resource
management and planning, the retail sector forecasts the demand that will arise in the future, and
plan their resources accordingly. This makes it easier for the retail industry identify the inventory
requirements for the coming, this also serves a basis for arranging the required finance for the
same.
As per the views of Fenech, Baguant, and Ivanov, (2019), there are certain ways by
which retail businesses can manage their resources effectively. These includes identification of
the quantity by which the supply is short and focus on finding other resources where the
company can get their supply. In order to provide manage the resources, the company needs to
follow different types of work and work related practices. This is so, because a company can
only identify the strengths and weaknesses of an approach when they themselves implement
them within their organization. Therefore, implementing different work practices can help retail
industry to identify which one is suitable for the company. Similarly, it is important for the
businesses that operates within the retail industry to understand that managing of resources
within a business is not a one-step approach. Instead, it is an ongoing process that keeps a track
of the resources of the organization in order to fill the necessary gaps.
Further, the Sarker, and et.al , (2018) states that the business operating within the retail
industry should follow a systematic approach for managing the resources of the business. They
should use technical methods of managing the resources as it makes the process to management
a lot easier as compared to the manual techniques. Resource management software can help the
companies in scheduling the needs of resources by specifying a date within the software. With
the help of resource management software, the business organizations can produce a weekly
resource planning schedule which helps the company in identifying the need of various resources
with respect to a week. If there is a shortage of any resource, the software will keep on warning
the organization until that has been a solution fed with respect to the issue.
As per the views of the Bakator, and et.al (2019), business organizations face certain
challenges while trying to manage their resources. These challenges include poor resource
capacity planning which means business find it difficult to identify their actual capacity of
availing the new resources and maintaining the existing one. Similarly, many organizations are
not capable of assessing the risk associated with the processes, technology and unforeseen

events. Quite a huge number of businesses are unable to make optimum utilization of the
available resources, not documenting the use of resources, unplanned assignment of resources.
All of these factors makes it hard for businesses to inculcate the use resource management within
the business enterprise.
The Stone, Cox, and Gavin, (2020) has recommended that in order to overcome the
challenges faced by the business enterprises, it is important for them to recognize the most
relevant skills for a project, task or in order to conduct the day to day business operations. It is
important for the enterprise to make sure that in order to accomplish a certain task or to carry out
business activity, the company has sufficient availability of the required resources such as man
power, the requirement of money, sufficient technology in advance for the purpose of avoiding
the occurrence of issues related to the planning and management of resources. The business
organizations need to make sure that they have proper plans and strategies in order to avoid the
risks associated with the resource planning. The company should have knowledge of the
potential and capabilities of each and every employee working within the organization. This is
so, because if a company has the knowledge of the skills of the employees they can make use of
their skills to the full extent and mitigate the impact of a crisis.
Brief background
For the present report, it has been analysed that most of the managers faces issue with
regard to managing resources because due to having large number of employees at workplace, it
is not possible to manage the same at workplace. It is so because managers always have
unrealistic hopes and if they did not meet the same create negative impact over the performance
(Gupta and et.al., 2022). That is why, the current study will determine the ways through which
company can easily implement the resources within a business so that its brand image can be
attained effectually. Thus, with the help of effective sources, ways can be provided that helps to
generate a better outcome and improve performance.
Impact of managing the resources
Impact on business
Resources management is considered as the efficient distribution and allocation of the
organisational resources. The resource is considered as an important element not only for short

term but also for the long term projects of the company. The strength of Tesco lies in its
resource management as the company invest huge amount of cost in management of the
resources. With the help of effective management of the resources, Tesco can minimize the cost
and increase the productivity of the company(Gelade, and Ivery, 2003). The management of the
company is involved in effectively utilising the resources of business that includes the human,
physical and financial resources. If Tesco maintains proper balance between during the
allocation of these resources will help the business to reduce its extra cost which they can invest
in the Research and development which can help in the development of the business. Financial
resources is also considered as major resources of the company and if the company does not have
ample amount of financial resources it can not fulfil the demands of the customers. If the
company allocate the resources in effective manner it will have positive impact on the business
and also help Tesco n gaining competitive advantage in the market.
Impact on employees
Human resource is considered as an important and valuable assets of the company. The
management of the Tesco aims at managing the resources effectively that helps in managing the
other activities of business effectively .Human resource of the company is an important element
which contributes in the achievement of the goals and objectives of the company(Fedorova, and
et.al, 2019). It is very important that the company should also invest in providing training to the
employee so that they can effectively participate and perform their task which also can enhance
their skill and knowledge. The company uses various strategies in order to effectively manage
the employees of the company by providing various benefits and providing job security. It is
seen that many companies ignore the efforts of the employees , the hard work they put which
results in dissatisfaction that results in high employee turnover(Salas‐Vallina,and et.al, 2021). It
is necessary for the company to consider the needs of the employees which can positively
impact their performance and plan strategies accordingly which helps in encouraging the
employees and boost their morale which positively impacts their performance which leads to
higher productivity of the company.
Impact on environment
The company is incorporated with the objectives of earning profit by selling their products in the
market. Tesco being one of the leading British supermarket in UK has to consider various factors
such as protection of the environment. The company is focused on minimising the negative

impact on the environment(Campbell, and et.al, 2003). From the studies conducted it has been
observed that the waste dumped form the factories where the products are manufactured causes
lots of destruction to the environment resulting into damaging the natural environment. Many
companies are facing these challenges form past many years. The company has formulated
various environmental policies which helps in preserving the environment and also sustainable
development of the country. The company is also strictly following the and respecting the
government laws and regulation of UK as well as in the international markets where the
company has expanded its operations. Tesco has taken measures to construct and operates at the
sites that is owned by the company so that they can minimise the impact on the environment
such as reducing the pollution , eliminating the food waste etc. The company is planning to
eliminate the deforestation from the products of the company and also focused on using
recyclable packaging by 2025.
Impact on society
Tesco is involved in various programs which is created for the benefit of the society. The
company is focused on managing the resources by understanding the requirements of the
customers and also meeting those requirement without affecting the quality of the product they
sell. Various initiative taken by the company associated with the protection of the environment
results into positive impact on the society as well. If the image of the company is positive, this
will helps in gaining the trust and loyalty of the customers which will result into increase in the
customer base(Prior, and et.al, 2012). The company also provides funds to the local
communities across the UK and also involved in helping younger people. With the help of
effectively utilisation of the resources , the company ahas created Community Food Connection
programme that deliver meals in various charitable institution in order to serve the society which
also increase the mage of the company in the market.
Constraints
For any business there are some constraints are faced in order to achieve the goals also it
can be related to anything . In context to Tesco there are some barriers which are as follows:
Arranging of finance- The financial performance of Tesco is despite its success as the
ninth- the largest retailer in the world that can be measured in terms of revenue. Company facing
issues related to decreases the products and services quality and horse meat scandal also it is
failure for understanding the trend. In order interesting rate risk it can be hard to take debt from

bank because at that time 50% of interest are charged (Hashim, Naza and Shabbir, 2021). Also,
credit requirement also not meet the obligations of the company because it leads to financial loss
for the group.
Finding a location- It is important to find the location which are beneficial for the
organization to makes store and provides their services. Bus the constraint is related to despite
recent exit which are from Malaysia and Thailand that affect the company bys committing fully
to capitalise ons personal growth and expansion opportunity in Asia. That is why the expansion
of store reduces which impacts on productivity of the company. Tesco's management are
worried and highly concerned about growth of stores expansion in India.
Government approval- In regard to take any actions it is necessary to take government
approval because it can be affected in any manner regarding the policies. Tesco has the access of
importing their good and services that are cheaply from other country such ass India and China.
Further, government has influences the fiscal policy which is in order to affects Tesco by
inflation rises, taxation rises, less revenue for business, regulation and customer laws etc. There
are certain legalities which are faced by abide rules for staff that can meet fair deal. Also, the
discrimination law that include regarding disability act for company to follow.
Resistance from local business- It has been analysed that Tesco has entered in different
market but resistance from local business is affected in order to enter in China (Hughes, 2021).
People of chinas are highly depended on cheap products and competitions like Alibaba and
Walmart are affected the company by generating revenue. Also, they are more depend on local
business as compares to multinational brand. So it can be constraint because to import product
in China are affected the cost of product that directly related to low profit.
Resistance from local people- According to trend government are provided
unconditional support to local vendor and local business that impacts bad on Tesco and other
brand. In this situations most of the people are preferred to buy product from local business.
After pandemic, it has been analysed that India is more depended on organic product and local
business so the sale of Tesco's directly decreases. Also, people are more deepen on E-commerce
platform that are affected by generating the revenue.
CONCLUSION
It has been concluded that to managing resource in business is important for all the
practice that are related to planning, scheduling, allocating people, technology and money etc.

and it is also helps to allocating resource is the greatest value for organization. Also, to manages
and prioritize work request are help to set the appropriate expectation wit all the stakeholders. In
order to determine true resource availability are helps to do right work at right time. In regard to
Tesco it has been analysed that there are it is related to pertaining for maintaining financial
resources, human resources, information resources, and physical resources. Further, report
discussed on problem related to resources for Tesco and also support it by literature review.
Then, analysed the marketing strategy such ass competitive advantage, market segmentation,
market existence etc and identified the impact that is necessary for the company to consider the
needs of the employees which can positively impact their performance and plan strategies
accordingly which helps in encouraging the employees and boost their morale which positively
impacts their performance which leads to higher productivity of the company. Moreover, That is
why, the current study determined the ways through which Hashim, M., Nazam, M. and Shabbir,
R., 2021company can easily implement the resources within a business so that its brand image
can be attained effectually. Thus, with the help of effective sources, ways can be provided that
helps to generate a better outcome and improve performance. Lastly, some constraints are faced
by Tesco which is related to Arranging of finance, Finding a location, Government approval,
Resistance from local business, Resistance from local people etc. The major constraints can be
related to finance that is interest rate risk it can be hard to take debt from bank because at that
time 50% of interest are charged. Also, credit requirement also not meet the obligations of the
company because it leads to financial loss for the group.

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