Business Project Report: Analyzing TESCO's Challenges and Stakeholders

This business project report examines the challenges faced by TESCO, a prominent British retailer, focusing on the impact of Brexit on its sales and profits. The report identifies key issues affecting the firm's performance and brand reputation, emphasizing the importance of strategic responses. A stakeholder analysis is conducted to determine the main stakeholders and their level of interest within the firm, categorizing them based on power and interest levels. The analysis aims to uncover barriers to project progress and highlights the significance of keeping stakeholders satisfied and informed. The report concludes by reiterating the crucial role of business in economic activities and the need for effective stakeholder management to overcome challenges, offering insights for organizational management to make informed decisions and improve future tactics. Desklib provides access to similar solved assignments and study tools for students.

BUSINESS PROJECT REPORT

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Challenges/ problems the client is facing:...................................................................................1
Purpose of the report....................................................................................................................1
Stakeholder analysis....................................................................................................................2
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Business is described as the firm that involved into industrial, commercial or professional
practices. Additionally, the intent of business is to arrange few sort of economical manufacturing
of items or services (Guo and Wang, 2019). Moreover, it described towards potential as well as
activities consider through individuals to manufactures and sell products & services for profits.
In addition to this, they key effectiveness of business is source of employment. This develops
opportunities of job for huge number of individuals into any country. For this report, the
undertaken company is TESCO, which is the growing British general merchandiser and
groceries retailer. Its headquarters is in Welwyn Garden City, United Kingdom. The topics which
are going to be covered in this report are the problems or challenges faced by clients and purpose
of this. Apart from this, analysis of stakeholder is also described in this report.
MAIN BODY
Challenges/ problems the client is facing:
Firm may come across several challenges or issues which may have possible impacts upon
their whole performance and brand reputation. This is crucial to evaluates the various changes
and form effectual strategies in order to address them effectively and efficiently. Additionally,
entity’s issues may appropriately impacts the whole functioning of firm and therefore, develop it
much tough for this to perform in proper way (Kar, Bansal and Mishra, 2021). Moreover, the
current issues that are facing by entity is Brexit as this impacts the huge effects their sales and
profits. In respect of TESCO, the firm has been facing problems like reduction into sales and
profits.
Purpose of the report
The fundamental intent of particular report is to determine the present challenges which are
faced by the selected firm, TESCO as well renders effectual solution for the same. Additionally,
the other purpose is to facilitates proper solution and suggestions to organizations so as to
overcome from those challenges. Moreover, this would be advantageous for organizational
management as this would facilitates them with helpful understandings to form effectual and so
overcome its present challenges. In addition to this, it would aids readers and management of
firm for making appropriate decision and tactics within future.
1

Stakeholder analysis
Stakeholder may be regarded as the party which have an interest within firm as well as
may either impact or obtain impacted through business. Additionally, stakeholder analysis may
be described as the framework which is utilized for determining the main stakeholders and its
interest level within firm (Alam and Raut-Roy, 2019). In addition to this, this uncovers as well as
obviates various barriers into acknowledge the progress of projects. This also eliminates the
roadblocks to release successful project through obtaining information related to project
supporters and its levels of effectiveness into project. In respect of TESCO, the stakeholder
analysis is performed.
High Power, High Interest
These are much essential stakeholders of firm as well as this are crucial for prioritising
them. It is so this may influences the project decision to huge extent. Additionally, the main
stakeholders of firm incorporate the shareholders, general manager, and others.
High Power, Low Interest
It is the other stakeholder analysis categorised and the various individuals who come
within particular category are government, consumers, investor and others. Additionally, this is
crucial for entity for keeping the stakeholders satisfied. In respect of TESCO, this is vital for
assuring that those stakeholder which are kept satisfied related to several practices performed
into firm.
High Interest, Low Power
These are those stakeholders who possess a lower interest level as well as higher power
level. Additionally, this stakeholder might be kept informed regarding various project which are
consider through entity. This may be stated that individuals those individuals who comes within
category may be much useful for entity and project. Also, the several stakeholders into this
category are suppliers and staff.
Low Interest, Low Power
It is also the last stakeholder analysis category as well as the various stakeholder within
particular are cleaners, receptionists and others (Li, 2020). Since, these stakeholders having
lower interest and power into firm, they might only be observed timely basis and not bored with
extra communications.
2

CONCLUSION
As per the above report, it has been concluded that business plays crucial role as the
intent of business is to arrange few sort of economical manufacturing of items or services.
Moreover, it described towards potential as well as activities consider through individuals to
manufactures and sell products & services for profits. The current issues that are facing by entity
is Brexit as this impacts the huge effects their sales and profits. In addition to this, they key
effectiveness of business is source of employment. This develops opportunities of job for huge
number of individuals into any country. Apart from this, analysis of stakeholder as it is
stakeholder the framework which is utilized for determining the main stakeholders and its
interest level within firm. In addition to this, this uncovers as well as obviates various barriers
into acknowledge the progress of projects. This also eliminates the roadblocks to release
successful project through obtaining information related to project supporters and its levels of
effectiveness into project.
3

REFERENCES
Books and Journal
Guo, L. and Wang, Z., 2019. Ratio analysis of J Sainsbury plc financial performance between
2015 and 2018 in comparison with Tesco and Morrisons. American Journal of Industrial
and Business Management, 9(2), pp.325-341.
Kar, S.K., Bansal, R. and Mishra, S., 2021. Tesco: Entry and Expansion Strategy in
India. Emerging Economies Cases Journal, p.25166042211038465.
Alam, S. and Raut-Roy, U., 2019. Evaluating the Effectiveness of Reward Strategy at Tesco:
Evidence from Selected Stores in UK. Indian Journal of Industrial Relations, 55(1).
Li, L., 2020. Book Review of Disruption in the Audit Market: The Future of the Big Four,
Financial Failures & Scandals: From Enron to Carillion, and The Future of
Auditing. International Journal of Auditing, 24(3), pp.431-435.
Ibrahim, A.A., Alkhawlani, M.A.A. and Al-shaghdari, F.M., 2017. Customers Desires on
Marketing Mix and It’s Impacts on Tesco (Malaysia). International Sciences of
Management Journal, 1(1
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