Key Issues in Corporate Strategy and Governance: Tesco Case Study

This report provides an in-depth analysis of the corporate strategy and governance issues faced by Tesco. It begins with an introduction to corporate governance, its importance, and the rationale behind the research. The research aims to evaluate the key issues in implementing corporate strategies and governance, focusing on a case study of Tesco. The objectives include identifying key challenges, recommending successful implementation strategies, and assessing the role of corporate governance in organizational growth. The literature review explores ethical business codes, fair treatment of stakeholders, risk management, transparency, and data protection. The methodology section outlines an inductive research approach, a descriptive research design, and a simple random sampling method involving Tesco employees and management. Data collection methods include questionnaires and surveys, supported by secondary data from journals and articles. Thematic analysis is employed for qualitative data analysis, and an action plan details the research timeline. The report concludes with references to relevant books, journals, and online resources, offering a comprehensive overview of Tesco's corporate governance challenges and potential solutions.

CORPORATE STRATEGY
AND GOVERNANCE

Table of Contents
INTRODUCTION...........................................................................................................................1
Background.................................................................................................................................1
Research Aim..............................................................................................................................1
Research Objectives....................................................................................................................1
Rationale.....................................................................................................................................1
Scope of research........................................................................................................................2
LITERATURE REVIEW ...............................................................................................................2
RESEARCH METHODOLOGY.....................................................................................................3
Introduction.................................................................................................................................3
Research Approach.....................................................................................................................3
Research Design..........................................................................................................................3
Sampling.....................................................................................................................................3
Research Philosophy...................................................................................................................3
Data collection............................................................................................................................4
Data analysis...............................................................................................................................4
Action Plan..................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Background
Corporate Governance is basically a set of rules, regulations, procedures and practices by
which an organisation is directed and controlled. It is used by industries for maintaining the
balance among shareholders, investors, management, customer, suppliers, financiers,
government and the community (Taylor, Bogdan and DeVault, 2015). It supports organisation in
organising action plan in order to achieve the objectives of firm. The governance also helps in
measuring performance. It works on the principle of fairness, accountability, responsibility and
transparency. Company who are engaged in performing corporate governance provides
protection to shareholders, communities and involve in doing fair dealings with them.
This also support various organisations in increasing their efficiency. Productivity is also
been raised by the use corporate governance and strategies. But there also some key issues
which organisation can face such as industry might go through problems while managing risk
when establishing corporate governance. Problem can also occur related to privacy and data
protection. Present study will highlight the key issues face by Tesco while implementing
corporate governance.
Research Aim
Main aim of the research is to evaluate the key issues faced while establishing corporate
strategies and governance: A case study on Tesco.
Research Objectives
In order to provide answers to the problems arisisng while implementing corporate governance
and strategies following objectives are taken into account:
 To identify the key issues faced while establishing corporate governance (Aguilera, Judge
and Terjesen, 2018).
 To recommend strategies for successful implementation of corporate governance.
 To assess the role of corporate governance in attainment of growth to organisation.
Rationale
The reason to carry out this research is to make Tesco overcome the issues which they
can face while implementing corporate governance and strategies in their organisation. It will
assist company in acknowledging the fact that successful implementation of this can help them in
making a good image in the market. This will help them in increasing brand value.
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Scope of research
The research study includes limited number of participants. It was based on interviewing the
employees and board of management members of Tesco.
LITERATURE REVIEW
As per the view of Tricker and Tricker, 2015 corporate governance and strategies are
based on ethical code of business. These principles allow freedom to all the employees working
in an organisation. Tesco uses corporate governance and strategies to provide fair treatment and
equal right to shareholders. This creates a bonding of trust between stakeholders and company.
They provide opportunities to resolve grievances which they face while doing business with
firm. Also, issues such as management of risk is managed by Tesco while designing products
and services according to the needs and demands of customers. They also do it by market
analysis and satisfying their shareholders, financiers, consumers and suppliers. Independent
directors of the industry are engaged in assessing risk and implementing policies, procedures,
rules and regulations according to that.
In accordance to Aguilera, Judge and Terjesen, 2018 corporate governance and strategies
also strengthen the transparency. It means that all the relevant information related to activities
and task done by Tesco is been shared with their employees, shareholders, customers and
investors (Issues in corporate governance, 2018). This creates a strong bond and healthy
relationship among board of management and other people. But also been more transparent can
increases the risk of reduce privacy and hacking of data. For managing this firm is engaged in
developing software and establishing advancing techniques or technologies to have privacy.
Policies related to risk management are framed by firm. It increases privacy and also they can
save important data from hacking.
As per the opinion of Madsen and Walker, 2015 the key aspect of risk management is
maintaining and securing data and confidential information related to shareholders, investors,
financiers, consumers. Tesco is engaged in assessing potential risk by doing market research and
analysis of the factors that can bring harm to them. This will help them in gaining competitive
advantage. However, if risk is not been managed and data is not been secured it can hamper the
growth aspects of company. For corporate governance to be effective firm must be involved in
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mitigating and assessing risk and develop potential policies related to it. This can also help them
in gaining competitive advantage.
RESEARCH METHODOLOGY
Introduction
In this part, discussion will be related to tools and techniques that will be used for the
purpose of collecting, analysing and evaluating data whose nature is different. It is an important
chapter as it assists scholar in creating ways from which they are able to collect sound inferences
from conducting present study.
Research Approach
Research approach allow scholars in making use of most suitable techniques to
successfully conduct study. It also helps in determining ways through which data will be
collected and analysed (Larcker and Tayan, 2015). Considering the nature of the study, inductive
approach will be used and information will be gathered from selected respondents. It will help in
gaining knowledge about issues arising in implementing corporate strategy and governance.
Research Design
It act as a blue print as it help scholar in conducting research in an appropriate and
specific manner. Descriptive design will be used in the present study. Descriptive design
involves description of subject matter on the basis of different key variables. It will be taken into
account so that actual issues arising while implementing corporate governance and strategies can
be acknowledged.
Sampling
In this population will be divided in sample. Population which will be studied are
employees and board of management members of Tesco. Simple random sampling method will
be used. 25 workers will be selected to conduct the present study. This method will be selected
so that their exist no biasness in the study and random employees get equal chances.
Research Philosophy
Research Philosophy which will be used to conduct study are interpretevism in nature.
Questions will be answered and objectives will be achieved on the basis of theories that has been
selected (Madsen and Walker, 2015). Interpretivism philosophy determines that not every set of
inferences can be obtained from available facts and figures, therefore, same has to be articulated
from different viewpoints
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Data collection
Primary data will be collected through questionnaire and survey method. It will be
selected to gain authentic and reliable data. Secondary data will be gathered by reviewing
various journals and articles.
Data analysis
Data collected is qualitative in nature. Thematic analysis will be used in the study. It
selected to identify and record reliable data.
Action Plan
To conduct this study, two month time will be needed by researcher.
Research
activities to
be
conducted
Week
1
Week
2
Week
3
Week
4
Week
5
Wee
k 6
Week
7
Week
8
Selecting
topic
Making aim
and objective
Reviewing
literature
Selecting
research
methods
Analysis of
data
Conclusion
and
recommendat
ions
Taking
feedback
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Final
submission
REFERENCES
Books and Journals
Tricker, R.B. and Tricker, R.I., 2015. Corporate governance: Principles, policies, and practices.
Oxford University Press, USA.
Aguilera, R.V., Judge, W.Q. and Terjesen, S.A., 2018. Corporate governance deviance. Academy
of Management Review.43(1). pp.87-109.
Madsen, T.L. and Walker, G., 2015. Modern competitive strategy. McGraw Hill.
Larcker, D. and Tayan, B., 2015. Corporate governance matters: A closer look at organizational
choices and their consequences. Pearson Education.
Filatotchev, I. and Nakajima, C., 2014. Corporate governance, responsible managerial behavior,
and corporate social responsibility: Organizational efficiency versus organizational
legitimacy?. Academy of Management Perspectives. 28(3).pp.289-306.
Taylor, S.J., Bogdan, R. and DeVault, M., 2015. Introduction to qualitative research methods: A
guidebook and resource. John Wiley & Sons.
Online
Issues in corporate governance. 2018. [Online]. Available through:
<https://www.acc.com/legalresources/publications/topten/tticgpi.cfm>.
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