Employability Skills Task 4: Evaluating Solutions for Tesco Plc

This report addresses business challenges, specifically focusing on the declining sales of Tesco Plc. The report evaluates various methods and techniques, such as survey methods, feedback collection, and listing possible solutions, to identify and resolve issues. It then develops an effective strategy, including training, motivational techniques, and proper mentoring, to improve employee performance and increase revenue. The report further assesses the potential impact of executing these strategies on the firm, highlighting improvements in handling work, utilizing resources, and enhancing product quality. The analysis emphasizes the importance of employee development and strategic planning in overcoming business obstacles, ultimately aiming to boost sales and overall performance within the retail sector.

EMPLOYABILITY
SKILLS
TASK 4

4.1 Evaluating methods and techniques
in order to develop solutions to issues
 In the company there are wide range of problems arisen by which profit
and sales of the business affects negatively.
 It is highly mandatory to resolve those problems and issues which are
come into consideration at the workplace.
 In the selected company main obstacle faced by it is that, level of sales or
turnover declined consistently.
 Due to this particular reason, the Tesco Plc not able to boost up overall
profit and performance in the retail industry.
 Further, due to lack of availability of skilled employees this problem
arisen in the company.
 There are some ways which support to the Tesco for developing solutions
are stated below:

Survey method
 One of the best method to develop solution of the company is survey
where management takes reviews from customers and employees.
 Under this method, questionnaire are prepared related to the business
problem and then reviews taken from employees.
 Those issues faced by them are given up to the management on which
the retail company starts to work.
 For instance: the workforce having problem with working environment
by which their efficiency declines. In this case, Tesco will take
initiative to make workplace attractive as well safe.
 Hence, it can be said that, survey method is better for resolving work
based issues properly.

Feedback collection
 Second strategy for developing business solution is to collect
feedbacks and reviews from the employees.
 Under this, issues faced by the workforce of Tesco Plc will
be easily identified effectually.
 In addition to this, feedbacks should take from the customers
as well as relating to services provided by employees.
 When all the reasons are analysed by the Tesco Plc then able
to make effective strategies to resolve it.

List out possible solutions
 As per this method, those techniques which are supportive
for Tesco Plc to boost up its turnover at the end of year are
required to list out.
 When it makes list of all the solutions then can evaluate that
which will be the most effective.
 It is one of the highly supportive tool to make fruitful
decisions for increasing revenue.
 Various methods by which the Tesco company can enhance
sales are like use resources in optimum way, give proper
mentoring and training to workforce etc.

4.2 Developing an effective strategy to
solve specific issue
 At the workplace of an organisation when any problem
arisen then management uses wide range of methods and
tactics for resolving it.
 As per the present case study, Tesco Plc not able to perform
well in terms of revenue generation from last four years.
 Reason behind arising this condition is performance and
working method of employees.
 Moreover, for resolving this issue highly effectual strategy is
such as follows:

Training
 With providing proper training to the employees company
can make changes in capability of their work completion.
 The reason for choosing this strategy is that, it helps to
enhance skills and talents of the organisational members.
 When they are more talented and qualified then able to
provide high quality of goods and services to the customers.
 Higher the standard of products lead to attract more users
which is symbol of solving issue of Tesco Plc.

Use of motivational techniques
 Motivation is one of the best strategy to resolve any kind of
issues regarding to the employees.
 Due to lack of proper efficiency, they are unable to deliver
better quality of retail goods and services.
 Therefore, problem of sales declining arisen in the Tesco from
last four financial periods.
 When the management of cited firm provides monetary and
non-financial motivations then able to raise their efficiency.
 Henceforth, they can deliver services appropriately where
revenue will increase in upcoming period.

Proper mentoring
 Other strategy through which Tesco organisation can resolve
its existing problem which is related to the sales is proper
mentoring.
 To the workforce when effective guidelines given by their
mentor in order to complete the tasks then can easily resolve
various issues.
 Further, Tesco firm needs to assign highly skilled mentor
who can provide effectual instructions.

4.3 Evaluation of potential impact on
the firm of executing the strategy
 As the company uses more strategies to resolve a particular
problem then its business environment affects in either positive or
negative direction.
 In the present scenario, sales and turnover of Tesco retail
organisation reduced from last three years because of employee
issues.
 In this case, it is suggested to the firm that it should arrange
training program in more numbers.
 Along with this, some other strategies are also recommended to
Tesco. Further, impact of such advised tactics on the workplace
are stated below:

Handle works properly
 When the cited organisation of retail industry considers above
stated strategy then can handle overall tasks in effective manner.
 For example: when it provides better guideline to complete
allotted work then can manage in the bet way.
 Once assigned tasks are managed and handled in the workplace
then Tesco Plc can improve quality of services.
 Therefore, its problem of declining net sales will be resolved up
to the greater extent in the retail sector.

Use resources in optimum manner
 With the support of above stated tactic, the Tesco Plc can improve
capability of employees for using available resources in optimum
way.
 In the training session, company gives instructions to the staff of
production and operation department that how to utilise resources.
 Due to improper utilisation of raw materials overall quality and
quantity of retail items influence in highly adverse position.
 Due to this reason, the company can attract people for purchasing
more goods towards it.
 Henceforth, the Tesco Plc affects in terms of optimum utilisation of
resources to produce services and retail items.