FY021 Business Studies: Tesco Company Presentation and Analysis

This presentation analyzes Tesco's business operations, focusing on collaboration and internal factors. It begins with an overview of collaborative work practices, highlighting the importance of teamwork and the interconnectedness of various departments such as marketing, IT, production, HR, and finance. The presentation then delves into the internal factors, outlining the strengths and weaknesses of each department, including human resources, marketing, accounting and finance, research and development, production, legal, and IT. The strengths include digital marketing implementation, budget preparation, new product development, and efficient production. Weaknesses include traditional HRM techniques, lack of market analysis, reliance on old technology, and time-consuming research processes. The presentation underscores the significance of collaboration for achieving organizational goals and provides a detailed assessment of Tesco's internal structure.

Introduction to Business
Studies

Table of Contents
Collaboration Work Practices..........................................................................................................3
Internal Factors: Strengths and Weaknesses....................................................................................3
References........................................................................................................................................5

Collaboration Work Practices
There is collaboration within an organisation is very necessary for achieving final goal in
decided time period. Currently Tesco’s all departments are fully working in collaboration, that’s
why currently Tesco is leading the retail sector of the United Kingdom (Nowiński and Kozma,
2017). In this dynamic and modern world, collaboration is one of the prime keys for different
companies of businesses for gaining effective results in the market. There is strong relationship
between different departments in very necessary for promoting collaboration values within the
workplace. This is the main reason that, Tesco’s top-level management has maintained an
effective relationship between all employees as well as all departments. With the support of
collaboration, a department of company can easily achieve its target in effective manner. There
are some major examples of collocation has been mentioned below;
 When marketing team want to run digital market campaigns, then it contacts to the IT
department of Tesco for implement various digital gadgets in the marketing operations.
 Production department always depends on finance department of the Tesco for fulfilling
its budget related requirement, because production department always need to pay a
specific fund to its raw-material suppliers.
 HR department at Tesco always hire talented employees for different departments of the
company.
According these examples, a company can’t run its business operation without effective
collaboration between its various departments, because functions of one department are
completely interrelated with another department (Mole, 2016). That why upper management
within every company should promote collaboration values within its business environment.
Internal Factors: Strengths and Weaknesses
There are some major strengths and weaknesses of the Tesco’s each department has been
mentioned below;
Human resource

Tesco’s human resource department gives high priority to only those candidates in its
hiring processes who has excellent skills and talent, in which this is strength of HR department.
On the other side, it is still using many tranditinal HRM techniques within its daily practices, so
this is a weakness of this department.
Marketing
Marketing department of company has highly succeeded in implementing digital
marketing tools in its daily operations, this is the strengths. On the other side, this department of
Tesco is not much active in market analysis, in which this is weakness of marketing department.
Accounting and Finance
Accounting and finance department of Tesco can easily prepare specific budgets for
company’s various activities, in which this is strength (Hakanen and Rajala, 2018). On the other
side weakness is, this department not much depended on the new technology.
Research and Development
Strengths is, this department is too active in developing new products. Weakness is, take
too much time in research processes
Production
Strength is, produce wide range of products in a small time period. Weakness is, this
department not much active in take advantages through quality control techniques.
Legal department
Strength is, this department is too helpful in dealing with many legal issues. Weakness is,
it is too costly to the Tesco.
IT department
IT department promotes digitalisation within the Tesco’s business environment, in which
this a strength of IT department. On the other side, company need to invest huge fund for
purchasing various resources for IT department, in which this is a weakness.

References
Books & Journals
Nowiński, W. and Kozma, M., 2017. How can blockchain technology disrupt the existing
business models?. Entrepreneurial Business and Economics Review. 5(3). pp.173-188.
Mole, K., 2016. the Value of Business Advice. ERC Reseacrh Paper. 44.
Hakanen, E. and Rajala, R., 2018. Material intelligence as a driver for value creation in IoT-
enabled business ecosystems. Journal of Business & Industrial Marketing.