An Examination of Tesco's Key Management Functions and Strategies

This report examines the key management functions of Tesco, a leading retail giant, focusing on marketing, finance, production, and human resources. The analysis highlights the importance of marketing strategies in achieving sales targets and the role of finance operations in resource allocation. It also discusses how production quality standards and efficient human resource management contribute to customer satisfaction and overall business success. The report emphasizes the interconnectedness of these functions and their impact on Tesco's ability to maintain a competitive edge and achieve its profitability goals, both in its physical stores and online platforms. The report concludes by summarizing the importance of these functions in enabling top business managers to make efficient decisions regarding the scale of productions and reaching increased customer base highly depends on the functionality of these operations.

Business Management

Table of Content
INTRODUCTION...........................................................................................................................3
Marketing.....................................................................................................................................3
Finance operations.......................................................................................................................3
Production....................................................................................................................................3
Human resources..........................................................................................................................4
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................4

INTRODUCTION
Business management can be understood as combination of fundamental disciplines
devoted to the operations of organizing, analysing and planing how marketing, finance,
operations and human resources operations are efficiently programmed in company. Tesco is one
of the biggest retail giant of UK, offering high quality services and wide product range to all
customers worldwide in all stores. This report explains analysis on the importance of
management functions and how they enable managers and top management in Tesco to operate
successful business.
Marketing
Tesco lays high importance to marketing management function as it is one of the most
crucial department to bring long term success and efficiency in reaching the set performance
goals along with high profitability sales margins (Kasilingam,2020).The retail giant operates
with advanced technology and modernized promotional devices in computers to function out the
marketing operation across all stores and online business platforms. Marketing function is the
strongest arena where Tesco has been able to bring parameters for competing with other brands
volatile business world.
Finance operations
Finance management operations include planning and directing the allocation of all
finance resources and utilization of funds in company. Tesco lays high importance to finance
operations and the criteria of decisions taken by top management in finance department, as it has
large number of stores globally and huge customer base services. Finance department has huge
role to employ appropriate finance resources into all other functional areas and maintain strong
parameters of regulation on them.
Production
Production operations are highly important for company to develop as this function
determine the quality standards of all products and services which will reach out to customer
able and decide the revenue and profitability factors (Kotabe,2020).Tesco uses the latest
technology and production equipments with efficiency to maintain the production quality

standards and reach high goodwill among the customer base worldwide. The retail giant uses the
latest quality standards to maintain efficiency levels in all product and services and produce the
best premium goods for all customers. Production department has strong role to bring high
supreme efficiency in quality of products for customers in all stores.
Human resources
Human resources are the most vital factor for reaching successful benchmarks in
company high production standards and enabling strong customer satisfaction services, They
have the role to recruit employees with high advanced skills and keep them motivated with
training and strong interpersonal skills development. HRM offers encouraging atmosphere for all
employees in company and provides platform to showcase their skills and develop the expertise
to function out their role with super efficiency (Adler,2020).
CONCLUSION
Marketing,finance operations, production and human resources are the most important
functional areas of management in Tesco which allows top business managers to take efficient
decisions regarding the scale of productions. Company profitability goals to reach increased
customer base highly depends on the functionality of these operations and the efficient delivery
to all customers in stores and online platforms.

REFERENCES
Books and Journals
Kasilingam, R., 2020. Opportunities and Challenges in Green Marketing. Studies in Indian Place
Names, 40(3), pp.3412-3415.
Kotabe, M.M., 2020. Global marketing management. John Wiley & Sons.
Adler, R.M., 2020. Competitive Marketing Strategy. In Bending the Law of Unintended
Consequences (pp. 153-171). Springer, Cham.