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Understanding and Leading Change in Tesco

   

Added on  2021-02-19

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Understandingand LeadingChange

Table of ContentsINTRODUCTION...........................................................................................................................1P1) Comparison between two distinguish organisation is done to understand the impact ofchange on both firms strategy and operation..............................................................................1P2) Study numerous ways in which internal and external drivers of change affecting team,leadership and individual behaviour within administration........................................................4P3) Determine measures to minimise negative impacts of change on organizational behaviour......................................................................................................................................................9P4 Describe different barriers for change and their impact on leadership decision-making....10P5 Apply different leadership approaches to dealing with change..........................................11CONCLUSION .............................................................................................................................14REFERENCES..............................................................................................................................15

INTRODUCTIONIn competitive market place it is important to adopt dynamic changes in an organization.In order to cope up external environment it is mandatory to make changes within internalpremises. Changes can be done in strategy, organizational culture, set objectives, plant andmachinery and so on in order to gain competitive advantages against rivalry. Changes is on goingprocess it never ends. This report is based on Tesco is a public limited company founded 100years ago in United kingdom (About Tesco, 2019). Jack Cohen was the founder of this leadinggeneral merchandise retailer. Company is serving it's services in Ireland, Hungary, Thailand,Malaysia, United Kingdom, Czech Republic and Poland. This assignment covers comparisonbetween two distinguish organization regarding how changes impact both the firm's strategiesand operations (Al Barwani and Imig, 2018). Along with this several drivers of change affectleadership, individual and team behaviour in an administration is studied in order to frametactics. Deep examination on numerous barriers for change is done to in order to conduct trainingsessions for employees. Evaluation regarding barriers to change influencing decision makingprocess of an enterprise is done. Various leadership approaches is explained so as to deal withchange prevailing in the open market place. P1) Comparison between two distinguish organisation is done to understand the impact ofchange on both firms strategy and operation.Changes emerging in dynamic environment are impacting every small and bigorganization in neck to neck competitive world. Slight change creates huge impact on businessassociates operation and strategies in both positive and negative way. Regular fluctuation inchanges affect the companies overall productivity and profitability ratio to a large extent. Everyadministration wants to improve their overall performance by improving their structure and byfacing issues related to change. Moreover, it can be said that all this factors and changes upgradeenterprise wording style in positive way. About Mark and Spencer: There are 1400 stores of Mark and Spencer across 57 countries. It is a British retailerstore serving it's quality product and services to their targeted customers (About Mark andSpencer, 2019). Along with this it provide large range of financial services such as, current1

account, saving, credit cards, insurance, and mortgages. It came into existence in the year 1884and is suited in London, United Kingdom (Bohman, 2019).A comparison chart has been explained below, so that both the organization are awareabout changes impact on their functions:BasisTescoMark and SpencerPolitical changesIn open market place thesechanges occurs due tofluctuation in governing bodiespolicies. On the other hand itcan be said that after Brexit allthe formulated rules weremodified as per therequirements. It has greatlyaffected retail sector innegative way due to whichTesco faced huge monetaryloss that gradually loweredprofit sharing ratio of thebusiness in intense competitiveworld. Strategies:To gaincompetitive advantages againstrivalry Tesco is offeringluxury products to it's potentialcustomers. Due to whichprices of the goods is high ascompare to other brand dealingin the same product. It hasbeen seen that after Brexit theyhave to cut down the price inBrexit has immensely affectedMark and Spence which resultsto change in their strategiesand operations at a tremendousscale. Affect of change can beseen in the following points:Strategies: Mark and Spenceris able to build positive imagein customer mind because firmis serving high quality goods totheir targeted customers(Burke, 2017). In order to bindthem for longer time periodthey were adopted skimmingpricing strategy. But afterBrexit company was forced toadopt economy pricingstrategy. Also businessassociates was forced to saletheir quality goods at lowprice. Operations: In order to runthe business of Mark andSpencer Just in time methodexecuted effectively in the2

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