Understanding and Leading Change - Tesco and ASDA
Added on 2020-10-05
15 Pages4527 Words298 Views
Leadership ManagementProfessional Development
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Understanding and LeadingChange
TABLE OF CONTENTTASK 1............................................................................................................................................1P1. Comparing different organisational example where there has been impact of change onbusiness strategy and operations............................................................................................1P2. Way internal and external drivers of change affect leadership, individual and teambehaviour................................................................................................................................2P3. Measures which can be taken to reduce adverse effect of change on organizationalbehaviour................................................................................................................................4TASK 2............................................................................................................................................5P4. Different barriers for change and determining the way they influence leadership decisionmaking....................................................................................................................................5TASK 3............................................................................................................................................8P5 Different leadership approaches........................................................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONChange is defined as an act through which positive as well as drastic improvement can bebought at workplace. Organizational change can be referred to as complete change within anenterprise. It is very much important to make modifications in business structure, culture,working pattern etc. Continuous improvement in business operations will assist firm in maintainits position in the market. Understanding and developing knowledge about change is necessaryfor firm as this strategy will assist an organization in gaining competitive advantage in market.Manager by gaining the knowledge about change can transform business procedures or system insuccessful manner.The present report has focus on analysing the impact of change on two different organisationsthat is Tesco and ASDA. Both the organisations are operating their business in retail industry. Itwill also highlight the different drivers of change. Assignment also emphasizes on identifying thevarious barriers which might occur in implementing successful change at workplace.TASK 1P1. Comparing different organisational example where there has been impact of change onbusiness strategy and operationsTesco and ASDA both companies are operating in retail industry. Little change in internalas well as external factors have great as well as significant effect on business strategies. It alsohas significant influence on routine business operations. The change in business environmentmay impact both the firms in different ways as they have dissimilar business structure andsystem.For instance, change in legislation especially employment law has direct as well assignificant effect on human resource strategies, policies and practices. Earlier, Tescoorganization used to hire employees at low wages. Workers in an organization were treatedbadly, due to which an enterprise has to face the legal obligations which has direct as well assignificant impact on its brand image. Change in laws also have great impact on other businesspolicies, practices and operations. Tesco in order to avoid legal obligations and other issues hasplanned to bring improvement in its business operations. In addition to this Tesco company hasbeen greatly affected by changes in political factors. Government has introduced new fiscalpolicy which has assisted has provided new source of finance to company. Change in economic
factors have effected Tesco in negative way, increase in tax rate, inflation in the prices ofproducts has badly affected the final performance of an enterprise. Technological advancementand increase in online shopping by customers has forced retailers to compete heavily on deliveryprices. Technological advancement has enabled business entity to bring improvement in qualityof goods and services. Impact of IT transformation on the performance of the Tesco. Due to advancement intechnology has forced company to implement technology at workplace which has lead toincrease in costs. This factor has negative effect on the profitability of an organisation.Asda has been greatly affected by changes in environmental factor. These variables havedirect as well as significant effect on the quality of products that are offered by Asda to itscustomers. Due to poor quality of goods, Asda has to face high number of customer complaintsregarding quality of products and services. This factor has significant and negative impact onAsda brand image and also on sales (Boyatzis and Cavanagh, 2018.). Increase in globalizationhas positive impact on the growth and business plan of firm. It has enabled Asda to expand itsbusiness operations. Asda in order to improve its customer services have planned to re-engineered customer service mechanism.In addition to this, there has been tremendous increase in sales of Asda which is consideredto be as positive impact of economic factors. At the same time changes in pricing strategy bycompetitors has forced business entity to reduce profit margin.There are mainly four big organizations such as Sainsbury, Tesco, Morrison’s and Asdahave suffered some big losses due to changes in business environment. Not only this but somefavorable changes such as inflation has supported firms in increasing profit margin. In additionto this, increase in competition has forced business entity to reduce the prices of products andservices. Changes in social factors as well as change in demand of customers in the market hasencouraged business entity to facilitate innovation and launch new products in the market.Deflation or economic crisis in the country has badly affected the financial performance ofcompany (Burke, 2017). Changes in internal as well as external environmental forces havesignificant effect on the strategic plan of an enterprise.P2. Way internal and external drivers of change affect leadership, individual and team behaviourThere are various forces which encourage management in an organization to bring positivechange at workplace. Some internal variables which encourages firm to do transformation are
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