Repercussions of War on Global Economy

This article discusses the impact of war on the global economy. It also covers the operational management issues faced by Tesco and food shortages in the UK. The article also explores the human resource department's impact on operations management and overall business management of any organization.

Repercussions of war on
global economy
Table of Contents

TASK 1............................................................................................................................................3
TASK 2............................................................................................................................................4
Question 1: ALDI and similar stores offer different customer experience. Do you think a
similar business model would work in other industries?........................................................4
Question 2: What are the sacrifices customers have to make in order to have access to these
shopping experiences?............................................................................................................4
TASK 3............................................................................................................................................5
TASK 4............................................................................................................................................6
How it has an impact on the operations management and overall business management of any
organisation............................................................................................................................6
What challenges this area faces daily.....................................................................................6
Reflection.........................................................................................................................................7
REFERENCES................................................................................................................................9

TASK 1
Operations management is the key administration process to articulate the high level of
efficiency and productivity in supply chain of the organisation. The operation management is all
about the transformation of the materials and labours into the successful products and services to
maximize the profits of the company. Many daily news publications report the operational
management issues in their magazines, newspaper, TV broadcasts that are impacting the
daily ,lives of consumers and businesses as well. Below is the discussion of the two news article
that represents the issue of the operational management:
Article 1: UK Supermarket giant Tesco sees profit dented by Covid- 19 related costs
Tesco is the Britain's biggest supermarket chain, but due to the Covid-19 crisis the profits
of the company slid by a fifth over the past year due to the higher costs pertained by the
coronavirus pandemic. Due to the pandemic, the Tesco has to hire more staff and also offset the
exceptionally strong sales growth (UK supermarket giant Tesco sees profit dented by Covid
related costs, 2021). The company has faced the loss of pretax profit for the year slid to 825
million pounds as compared to the past year 1 billion pounds. The major cause of the loss of the
profit is the Covid-19 related cost that involves the need of hiring the staff to cover the workers
affected due to the virus. Also the company has to spend higher cost on the store to make sure its
safety. This article demonstrates that the Tesco is facing the managing overheads operational
issue due to the Covid-19 as it has increased the demand for groceries as more meals are eaten at
home due to the amid restrictions on the hotels, restaurants and also the changes in the working
habits. Thus, to resolve this issue the company need to double its inventor and capacity to meet
the rising demands of customers. The company must build strategic plans with its incredible
financial strength and agility.
Article 2: Food shortages could be permanent, warns industry body
The food industry of the UK is experiencing the labour shortages due to which the
consumers are facing the issue of not finding the products in the shelves of the stores and
supermarkets. The reason for this issue is the inefficiency of the Just in time system as it is no
longer working. Morrisons has warned that the shortage of the food supplies will lead to high
raise of prices (Food shortages could be permanent, warns industry body, 2021). The food
supply chain of the UK is highly resilient and is coped well with the responding unprecedented
challenges. This operational management issue with the supply chain is caused due to the lack

of utilization of new operational management techniques, structural changes as per the labour
market conditions. Therefore, the UK food supply federation and organisations is suggested to
discard the just in time technique make new decisions using technology and prioritize the
customers’ demands of products. Also the businesses should focus on high profit margin
products.
TASK 2
Question 1: ALDI and similar stores offer different customer experience. Do you think a similar
business model would work in other industries?
Customer satisfaction is the vital aspect for the supermarkets to sustain in the competitive
market space and also to make their business sustainable and long term profitable. In the food
industry the customer demands, preferences, and the buying behaviour keep evolving regularly.
Due to this, the organisations like Aldi and other supermarket chains are changing the entire
landscape of the grocery market and shopping and also they are challenging the traditional
models of supermarkets. In traditional era, the supermarkets operated on the model in which
wide variety of options are provided to customers on the thousands of square feet land. But, with
the changing market scenarios the owners of the supermarkets are adapting the new model in
which the company caters there needs of the shopping clients who can visit the store frequently.
The customer segment engaging corporate strategy of Aldi and other supermarkets corporations
in the grocery shopping industry seems to be beneficial in terms of operation management and
inventory management, and it is propelling the company to a successful business model. After
seeing the merits of this business model in the retail industry in terms of cutting overhead costs,
strengthening management efficiency, and most importantly, retaining supplying high-quality
products to customers, it's clear that it is indeed a powerful tool for improving customer
retention. As a result, this similar business model has tremendous potential and the possibility to
perform in industries besides supermarkets and retail. In the vehicle sector, for example, the
consumer segment is distinct and confined to a single brand.
Question 2: What are the sacrifices customers have to make in order to have access to these
shopping experiences?
Customers may need to sacrifice and shift from their impulsive buying of searching for
hundreds of possibilities for single category commodities to access this shopping experience, as

the emphasis in this shopping experience must be on quality rather than quantity. Customers
must also forgo their natural tendency to stock up on things in one visit to the store, as this may
appear to be a time-saving activity, but in order to benefit from the convenience of this business
model. People must also give up their enjoyment of shopping at large supermarkets with a great
variety of products in order to fit into this model, which requires customers to become devoted
customers with a higher standard of quality.
TASK 3
In the contemporary business environment for the organisations to sustain competitively and
sustainably it is important to implement or practice positive ethical approach. Sainsbury is driven
by the passion of food and has a believe together we serve and help every customer.
Multinational supermarket chain opened in 1869 and today is inspiring in the lighting their
customers with the tasty food that remains the priority. The management of the organisations like
Sainsbury's are highly concerned for their people who work for the organisation, who make and
grow products and provide services to company (Championing human rights, 2022). Therefore
for the face very important that people should not be exploited or exposed to unsafe working
condition for which company has implemented multiple ethical approaches through their
diligence processes in order to identify prevent and mitigate the adverse human rights. As a
positive ethical approach the companies championing Human rights by implementing 6
sustainable development goals i.e. No poverty, quality education, decent work and economic
growth, reduced inequalities, peace, justice and strong institutions and partnership for the goals.
The companies highly committed in establishing the long term open and fair relationship with
their suppliers thereby insuring that they have skills and keep it is to manage their works
responsibly. The company has supplier policy on sustainable sourcing that highlights the
employment practices and standards that are expected from the supplies all across the world the
company as also policy based on ethical trading initiative and International labour organisation
in order of universal declaration of Human rights. Sainsbury's human rights strategy is overseen
by the responsible sourcing director, who is in charge of product procurement across the
Sainsbury retail business (Championing human rights, 2022). Managers and technical managers
of the organisation are expected to attend internal training on themes such as responsible
sourcing, modern slavery, and human rights on a regular basis across the UK. The corporation
also has a thing for gender equality, and its human resources strategy commits to detecting

gender inequality problems, with the operations and management of the company attempting to
mitigate and remediate these difficulties through effective gender equality schemes. As a result,
Sainsbury's has an effective ethical and constructive approach toward their colleagues or peers in
order to preserve a positive employee connection and present them with opportunities.
TASK 4
Human Resource business area
The organization's human resource division is in charge of managing the company's
employees and related tasks. The company's HR department is responsible for optimizing staff
productivity along with resolving workforce planning issues and disagreements in order to
maintain a healthy working environment. The Human Resource Department will be responsible
of boosting employee productivity while somehow protecting the company from difficulties that
may occur within the workforce. As a result, the HR manager of an organisation is accountable
for successfully and efficiently managing the personnel.
How it has an impact on the operations management and overall business management of any
organisation
The human resource department bring the massive impact on the operation management
of the company. Human resource management is a process of selecting keeping in developing
the right workforce that has competencies and skills to perform multiple operations of the
company. The operation management is a process of a business in which the aim is to create
highest level of efficiency within the organisation by converting the raw materials into the
finished goods to maximize the profit of the organisation. In order to fulfil this responsibility the
human resource division of the company provides effective work force to the operational
manager by recruiting the qualified workforce that could assure business productivity.
What challenges this area faces daily
Within an organisation the HR department has to deal with multiple issues and that may convert
into the biggest challenges. On the daily basis the HR department has to face the issue of
retention and motivation of employees as in order to retain the employees it is very important to
provide them with the job satisfaction for which motivating employees on the regular basis is
highly important task for the HR department.

The HR department also has to face the issue of leadership development and corporate culture
within an organisation as in order to maintain the positive and ethical business environment it is
very important to train and lead the work was towards the corporate culture.
Reflection
Overall, the unique presentation on the specific business field was a positive experience for
me. To begin my presentation preparation, I needed to choose the business field in which I would
conduct research and present my results in the form of a digital presentation. In the presentation,
I have included a lot of information on an organization's human resource department and how it
contributes to good operations management and overall company management. During the
presentation, I was able to understand the importance of the Human Resource Department, the
issues it faces, and how organisations cannot function without employees. Through my
investigation and data collection, I was able to transform it into useful information that I could
use in constructing an informative presentation. Also with my effective creativity and designing
skills I was able to add many pictures and info graphics to my presentation which made my
presentation attractive, easy to understand and catchy. Also, while constructing a presentation,
my written communication abilities were really effective. My intense interest in the human
resource business field was the most crucial and good thing I experienced during the
presentation. I was able to assess my future profession and enthusiasm in this field as a result of
this. But, at the same time, I've become aware of some of my flaws, which I need to address and
examine in order to improve my future actions. I discovered that I have poor technical abilities,
as a result of which I was ignorant of tools for creating good presentations that take less time to
create because they include templates. I've also discovered that my critical thinking and problem-
solving abilities are lacking. I was unable to explore broadly into this area while writing about
the issues that human resource departments encounter on a regular basis. As a result, the overall
presentation I created was both instructive and well-represented.

REFERENCES
Books and Journals
UK supermarket giant Tesco sees profit dented by Covid related costs, 2021, [Online], Availble
Through: <https://www.business-standard.com/article/international/uk-supermarket-giant-tesco-
sees-profit-dented-by-covid-related-costs-121041400640_1.html/>
Food shortages could be permanent, warns industry body, 2021, [Online]. Available
Through:https://www.bbc.com/news/business-58519997/
Championing human rights, 2022.[Online]. Available Through:<
https://www.about.sainsburys.co.uk/sustainability/better-for-everyone/human-rights/>