Business Structure Comparison: Strategies of Tesco and Waitrose

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This essay provides a comparative analysis of the business structures of Tesco and Waitrose, highlighting both the differences and similarities in their strategies and procedures. It examines the organizational functions of each company, including their approaches to team working, employee motivation, and brand loyalty. The essay also explores the interconnection between various organizational functions and how these contribute to the overall success of the businesses. Ultimately, it concludes that while differences exist in their working practices, both companies share common objectives such as increasing financial resources and enhancing brand and customer loyalty. The analysis is supported by a range of academic sources.
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DIFFERENCES BETWEEN
TESCO AND WAITROSE IN
REGARD TO THEIR BUSINESS
STRUCTURES
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INTRODUCTION
As suggested by Kernbach et al. (2015, p.186),
in regard to the business structures of the
organisations including the Waitrose and the
Teco, it has been seen that although the
objectives of the company has been similar,
yet differences continue to exist in their
strategies and procedures for the fulfillment of
their goals and aims.
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C) ANALYSING AND SUMMARISING THE
ABOVE MENTIONED PROSPECTS BY
INCORPORATION OF A VIDEO
PRESENTATION
Differences between Tesco and Waitrose in regard to their business
structures
Sole proprietorship
The cases of the organisation is better understood with operational
betterment of the organisation. As mentioned by Shibia and Barako
(2017, p.105), the proprietorship business in the orientation is easy
and offers special information regarding the smooth operation of the
organization. The owners and the personal developer determine the
smooth operation of the organization.
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Partnership
The involvement of the two or the more people with sole
purpose of sharing the profit and the loss in the terms of the
capital contribution or as per the changes in the agreement.
The tax burden and the other liability are borne by the
partner of the organization in terms of the support of the
organisation. As mentioned by Baldwin (2017, p.34), The
partnership is the form of the organisations where a number
of the other additional members or the other organisations
may enter into a state of mutual business relationship in
which the different partners operate according to their
stipulated objectives and aims.
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As suggested by Kernbach et al. (2015, p.186), in
regard to the business structures of the
organisations including the Waitrose and the
Teco, it has been seen that although the
objectives of the company has been similar, yet
differences continue to exist in their strategies
and procedures for the fulfillment of their goals
and aims.
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As mentioned by Kohut and Segars (1992,
p.20), It believes in the fact that the
increase in the quality of the products and
services may eventually increase the brand
loyalty among the customers and at the
same time, provide them with a
competitive edge in terms of the quality of
the products and the services that are
made available by the Waitrose.
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IDENTIFYING THE INTERCONNECTION
BETWEEN VARIOUS ORGANISATIONAL
FUNCTIONS
The structure of the organization and the functions of the
organization are interconnected in the organization. The use
of the functional structure and the organizational structure
are inter connected and correlated in the organization
structure. As suggested by Carim and Warwick (2013,
p.522), The availability of the factors and the business
function is depended upon the smooth operation of the
organization as it is provided by the work of the
organisational structure and their management authority of
the organisation.
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Different organisations have different
functions that are evenly based on the
methodologies and the working principles
of the organisations. These include the
business organizations including the profit
organisations, the charitable organisations,
the voluntary organisations and the non-
profit organizations.
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This leads to the concept of the similarities in the
working methods of the different organizations,
commonly referred to as the interconnection between
the different organisations. In this context, it may be
analysed that the different organisations have the
common objective of team working.
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This allows the organizations to improve the
efficiency of their work and involve the less
consumption of time, in accomplishing the
desired projects in the context of the real world.
Therefore, it may be analysed that the different
companies have the different modes of
motivation of the employees.
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One way is through the implementation of the efficient
team working. The other methods of motivation of the
organisational staff include the rewards and the
incentives scheme (Rowlands and Rees, 2015, p.174).
The incentive schemes and the rewarding options are
manifested by the different organizations that desire the
establishment of the additional and specialised skills
within their employees. This method further increases
the potential performances of the employees in the
organisation.
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SUMMARY
From the above studies, it may be inferred that the differences in
the working practices continue to exist in the work environment
of the different companies in the UK. However, the similarities
have been based on the methods of devising the strategies for
their annual increase in the financial resources and the eventual
increase in the brand and customer loyalty.
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