Strategic Management and Leadership: Strategic Options for Tesco

This report delves into strategic management and leadership principles, focusing on Tesco's position in the current market and analyzing the effects of its existing plans. It explains the relationship between corporate, business, and operational strategies, and explores strategic models and tools, such as the balanced scorecard, used to develop strategic options for the organization. Feasibility and strategic fit are considered as key factors in evaluating these options. The report also presents a SWOT analysis of Tesco, highlighting its strengths, weaknesses, opportunities, and threats. The analysis includes discussions on Tesco's competitive advantages, operational profits, and expansion strategies, all within the context of the retail sector. Concluding with a list of references, the report offers a comprehensive overview of strategic management and leadership concepts applied to a real-world organization.

STRATEGIC MANAGEMENT
AND LEADERSHIP

Table of content
• Introduction
• Position of an organisation in current market
• Analyse the effects of existing plans
• Explain the relationship between, corporate, business and
operational strategies.
• Strategic models and tools to develop strategic options for an
organisation.
• Strategic options for an organization
• Present a SWOT analysis of an organisation
• References

Introduction
• Strategic management refers to the process of setting objectives,
goals and procedures so that they can achieve competitive
advantages.
• It also includes processes which are responsible for arranging
resources and deploying a staff in an organisation effectively so
that they can achieve their targets and goals.
• Leadership is a part of his strategic management which leads
human behaviour so that they can accomplish activities and
desired manner.

Position of an organisation in current market
• Tesco is one of the leading general merchandise and grocery
retailer in all over UK.
• Current position of Tesco in a world comes at fourth position
in retail industry as they offer highly is standard and quality
products to the targeted customers in all over the world.

Analyse the effects of existing plans
• Plannings of an organisation helps tags go in providing high-
quality products to their customers and helps managers in
formulating effective decisions which can meet the
requirements in effective manner.
• These policies help them in altering and changing their
operations which results in profitable outcomes.

Explain the relationship between, corporate, business and operational strategies.
• Business is strategies in the formulation of decisions which helps
a Tesco in manufacturing their products and services so that they
can satisfy the demands of customers.
• It also helps in achieving various competitive advantages from all
over the world in effective manner.

Strategic models and tools to develop strategic options for an organisation.
• In order to develop strategic options for organisations,
Tesco uses balance scorecard which help in initiating
various procedures so they can generate revenues.
• It focus on the past, present and future operations so that
they maintain their operational and financial metrics.
• The major concern of this model plays around four
elements which are quality, time cost and service &
performance.

Strategic options for an organisation
• Feasibility: It refers to the flexibility of an organisation
which measures that how much time they take to
execute an option in their organisation. Tesco identifies
their external and internal business environment which
help them in better evaluation.
• Strategic fit: This involves the assessment of future
attractiveness of customers towards their products and
services.
• Tesco uses various techniques in order to establish their
strategic fit which includes their objectives and goals,
strength and weaknesses, opportunities and threats and
other scenarios.

Present a SWOT analysis of an organisation
Strength Weaknesses
 It is a leading grocery store in UK which offer high quality products
to their customers.
 Operational profits are lower because Tesco offers product in lower
margin rate which results in decreased revenue generation.
Opportunities Threats
 Tesco is expanding their operations in various other new
boundaries like Indonesia, South Korea and Turkey which results in
attracting customers.
 There are increased number of competitors in retail sector which
becomes threat for Tesco as it affects their profitability.

References
• Ansoff and et.al., 2018. Implanting strategic management. Springer.
• Barbosa, M., Castañeda-Ayarza, J.A. and Ferreira, D.H.L., 2020. Sustainable strategic management
(GES): Sustainability in small business. Journal of Cleaner Production, 258, p.120880.
• Barney, J.B., 2020. Measuring firm performance in a way that is consistent with strategic
management theory. Academy of Management Discoveries, 6(1), pp.5-7.
• Henry, A., 2021. Understanding strategic management. Oxford University Press.
• Konovalova and et.al., 2018. Forming approaches to strategic management and development of
tourism and hospitality industry in the regions. Journal of Environmental Management &
Tourism, 9(2 (26)), pp.241-247.
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